18 Oct 2008

A Hedge Fund Manager Takes His Marbles and Goes Home

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Andrew Lahde ran a small hedge fund and made 866 percent either in its first or second year (the article is ambiguous), by anticipating the subprime collapse. Then he decided he had reached his magic number and walked away. This article lists his goodbye letter, full of thoughts on idiotic MBAs, a corrupt Congress, and the benefits of legalizing hemp.

Incidentally, the article is titled, “Hedge Fund Manager: Goodbye and F—- You.” But those are too many hyphens for the word you’re thinking. Is that a typo, or did they mean “fatwa you”?

(HT2 J. Robinson for the article.)

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