This guy is my new hero.
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So long, suckers. Millionaire hedge fund boss thanks 'idiot' traders and retires at 37...
The boss of a successful US hedge fund has quit the industry with an extraordinary farewell letter dismissing his rivals as over-privileged "idiots" and thanking "stupid" traders for making him rich.
Andrew Lahde's $80m Los Angeles-based firm Lahde Capital Management in Los Angeles made a huge return last year by betting against subprime mortgages.
Yesterday the 37-year-old told his clients that he had hated the business and had only been in it for the money. And after declaring he would no longer manage money for other people, because he had enough of his own, Lahde said that instead he intended to repair his stress-damaged health; he made it clear he would not miss the financial world.
Read the article here: http://www.guardian.co.uk/busine…
Read his letter here: http://climateerinvest.blogspot.…
- SigDesign0
He's got the right idea... screw working when you're already rich!
- nocomply0
Wow. Amen to that!
- SteveJobs0
You're born, you take shit. You get out in the world, you take more shit. You climb a little higher, you take less shit. Till one day you're up in the rarefied atmosphere and you've forgotten what shit even looks like. Welcome to the layer cake son.
- Llyod0
If I were him I'd move to a college town and open a cafe. plenty of college honeys to hit on
- MarketMaker0
He's a sell-out.
- Llyod0
I plan on doing what I suggested
- i'll subscribe to your newsletter.SteveJobs
- I'll check out your twitter feed.TheBlueOne
- I'll lurk on your blog.Complexfruit
- I'll creep your FacebookMilan
- eating_tv0
Wow what maverick.
- Peter0
Gucci,
I think the article made more of an angle out of it, demeaning this guy and all his intents to something smaller than they are.Maybe kinda.
- eatbreathdrive0
Forget not working, listen to sheldon adelson on charlie rose, you can find it on google video, now thats inspiration. You can not not work even if you got the whole world in your pocket. That guy is just a bratt and new money. Thats all I have to say
- eatbreathdrive0
Some might say, new money, old money, as long its 'money' but I'd prefer working no matter what
- Spanna0
the last para on weed is surreal...
- drgss0
hedge lives
- rybo0
Are we talking about Hedge for here?
- No this guy had a kernel of a conscious, unlike hedgeTheBlueOne
- max_prophet0
Yes, when hedge wasn't busy on the markets making $80 million he liked to unwind by spending hours and hours trolling QBN.
- pixelbeat0
It's kinda my plan. Get my ass on permanent vacation but I'm a fuckin' loser.
A happy loser anyways.
- linearch0
seems like his motivations for doing what he did was to rub it in the face of the "rich" kids as opposed to anything altruistic.
pointing out everything that is wrong, and then dropping out to play with your fortune......sounds like a stoner mentality. do not get me wrong, either path is fine in my book, but you can't play both.
some people (i'm sure myself included) never grow out of the sandbox.
- janne760
this place is full of losers.
except me ofcourse,
i am perfect.
- mikotondria30
Selling out is always so much harder work than it looks....
Well done, that man.