Andrew Lahde’s goodbye letter (and what’s wrong with our country)

One of my next posts, that has been coming together in my head for a while, will be on the role hedge funds play in our economy and what responsibility, if any, they should assume for current conditions.

This farewell letter was sent to me recently by a friend in the industry.  Andrew Lahde is a guy who formed a relatively small hedge fund, made an enormously successful bet on subprime (his fund is up 1,000% this year) and is now calling it quits.  His insights are simple, yet profound and I find his comments about our government and legislation policy of particular interest.


Andrew Lahde’s Farewell – Get more Business Documents

October 17, 2008 · Filed Under Business, Current Affairs, Politics, Psychology, Travel

Comments

  • Andrew's goodbye letter was very well written. I agree with what he is saying about the problems with this country. Right on.
  • Hope this goes on posting such good post. Bookmarked it.
  • As did I. Bookmark +1
  • This is a very worthy website. Great.
  • Excellent. Bookmark added.
  • Good choice, this is an excellent blog and i hope to see you her more often.
  • I agree, nut you should spell check your comments buddy.
  • A hedge fund is a vehicle for holding and investing the money of its investors. The fund itself has no employees and no assets other than its investment portfolio and cash. The portfolio is managed by the investment manager, which is the actual business and has employees.
  • There are obvious flaws, whereby legislation was repeatedly brought forth to congress over the past eight years.
  • Good post. Hope this goes on posting such good post. Bookmarked it.
  • hankjmatt
    I think that they created New products over and over again with fancy names and after a time, they did not knew how to handle it.
    Club Penguin Cheats
  • They had come up to the idea of fancy names in their product to attract more people to try the products they sell, brilliant isn't it?
  • Interesting post. I have stumbled this for my friends. Hope others find it as interesting as I did.

    Cheers,
    sweethomeimprove.com
  • Jut give the benefit of the doubt to whoever is worth it. A waste of time and talent. "sigh"
  • Yes i think that they created New products over and over again with fancy names and after a time, they did not knew how to handle it.
  • Funding is important to all the sector.
  • Hedge fund is crucial for companies / corporates to come out of their financial economic crisis.
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