TW: I have never heard of Andrew Lahde, he apparently ran a hedge fund with some success. He decided this week to "retire" while he was ahead (he bet against the sub-prime trend). He decided to memorialize his retreat into obscurity with a missive to us all.
From Lahde's letter:
"I am content with my rewards. Moreover, I will let others try to amass nine, ten or eleven figure net worths. Meanwhile, their lives suck...Give up on leaving your mark. Throw the Blackberry away and enjoy life...
I truly do not have a strong opinion about any market right now, other than to say that things will continue to get worse for some time, probably years. I am content sitting on the sidelines and waiting. After all, sitting and waiting is how we made money from the subprime debacle. I now have time to repair my health, which was destroyed by the stress I layered onto myself over the past...
These institutions regularly filled the coffers of both parties in return for voting down all
of this legislation designed to protect the common citizen. This is an outrage, yet no one seems to
know or care about it...
Marijuana gets you high, it makes you laugh, it does not produce a hangover. Unlike alcohol, it does not result in bar fights or wife beating. So, why is this innocuous plant illegal? Is it a gateway drug? No, that would be alcohol, which is so heavily advertised in this country. My only conclusion as to why it is illegal, is that Corporate America, which owns Congress, would rather sell you Paxil, Zoloft, Xanax and other additive drugs, than allow you to grow a plant in your home without some of the profits going into their coffers. This policy is ludicrous.
It has surely contributed to our dependency on foreign energy sources. Our policies have other countries literally laughing at our stupidity, most notably Canada, as well as several European nations (both Eastern and Western). You would not know this by paying attention to U.S. media sources though, as they tend not to elaborate on who is laughing at the United States this week. Please people, let’s stop the rhetoric and start thinking about how we can truly become self-sufficient.
http://www.portfolio.com/html/assets/AndrewLahdeFarewell.pdf
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