Postcards from the Bleeding Edge
Saturday, October 18, 2008

  Best. Resignation. Letter. Ever.

Andrew Lahde has got his f-you money and, tired of the stress and worry of operating a hedge fund, gone home.

May meritocracy be part of a new form of government, which needs to be established.

Hey, Andrew? Play an instrument? I could use a different drummer down here.

Labels: , , ,

 
Comments:
So, Andrew Lahde helps create the 'problem', cashes out, and instead of saying thanks to all the folks he fsck'd with his usury netting him millions of quite literal ill-gotten gains, he leaves us with a f'off?

Gee, what a pal.

Oh, I get it alright. But if he was so opposed to these practices, the time to walk was much earlier. A gambler who opposes gambling, while making his fortune at the craps table, and knowning when to pick up his winnings, so he can sit back and harsh on gamblers? A crack dealer who gets out clean, then carps on the drug trade?

Sorry, I don't get it after all.

As to his sidebar rant, I get that sure enough.
 
Um, er, this guy analyzed the market, saw the meltdown coming, and saw a clear way to bet that it was going to happen, and was right.

Had I had a way to bet the way he did, I would have done the same - and, being intelligent (and considerably wealthier) for having done so - done something with my gains that would have been useful.

Instead, like most people, the game is rigged to support growth, and growth only.

I think leveraging negative feedback mechanisms is very important to capitalism, and for that matter environmentalism.
 
Substitute "for" for "like" in the last comment.
 
and, like many others, who bet against the market, they in fact helped it fail/fall. He contributed /to/ the meltdown. And that's fine. That's the market. I have no worries there.
(well, many, but that's not germane to this particular discussion).

I pretty much already said it. This guy, and many others, bought and sold crap, in order to enrich themselves, first and formost. He had the good sense to pick up his chips and cash in.

But I don't see how this makes him a hero. I see him and his ilk, as the problem. Not the solution.

Oh, I get the whole insane lifestyle thing. I get that. I hate it in others, and won't do it myself. I wish they wouldn't do it either. What I see folks do to themselves and others so they can have millions, I really have to ask, "Dude, take a few steps back, is it worth it? I can promise you, it is not worth it, really."
 
Sure, betting against the market makes it fall, sooner, rather than later. That's a good thing.

As for sacrificing life for work, we've all done it, most of us for far fewer rewards. Would most people trade 2 years of a hellish hedge fund for the rest of my life doing what they wanted to do?

Sadly, the answer is yes.
 
Would most people trade, , ,

Good point, well stated.

The funny bit is, you might not really have those two years.

I guess my take-away is if you want to spend the rest of your life doing what you wanted to do, Maybe it's time to get on with that.

I have a bumper sticker that says;

We are the ones we have been waiting for.
Find your work and do it.
The time is now.

But it's faded out, and you can't read it anymore. Inkjets, sheesh.
 
Post a Comment

Links to this post:

Create a Link



<< Home
David Täht writes about politics, space, copyright, the internet, audio software, operating systems and surfing.


Resume,Songs,
My new blog, NeX-6, My facebook page
Orgs I like
The EFF - keeping free speech in the world
Musical stuff I like
Jeff, Rick, Ardour, Jack
Prior Rants - The last presidental debate? That Rocket Ship song DOW up 11%!? Waiting for another shoe to drop What my issues are All I'm gonna say... Asteroid strike at 10:46 EST - film at 11! Death by Debt A little on climate science Bailout passes, move along, nothing to see here
Best of the blog:
Uncle Bill's Helicopter - A speech I gave to ITT Tech - Chicken soup for engineers
Beating the Brand - A pathological exploration of how branding makes it hard to think straight
Inside the Internet Mind - trying to map the weather within the global supercomputer that consists of humans and google
Sex In Politics - If politicians spent more time pounding the flesh rather than pressing it, it would be a better world
Getting resources from space - An alternative to blowing money on mars using NEAs.
On the Columbia - Why I care about space
Authors I like:
Doc Searls
Where's Cherie?
UrbanAgora
Jerry Pournelle
The Cubic Dog
Evan Hunt
The Bay Area is talking
Brizzled
Zimnoiac Emanations
Eric Raymond
Unlocking The Air
Bob Mage
BroadBand & Me
SpaceCraft
Selenian Boondocks
My Pencil
Transterrestial Musings
Bear Waller Hollar
Callahans
Pajamas Media BlogRoll Member

If you really want to, you can poke through the below links as well.

ARCHIVES
06/09/2002 - 06/16/2002 / 07/28/2002 - 08/04/2002 / 08/11/2002 - 08/18/2002 / 08/18/2002 - 08/25/2002 / 08/25/2002 - 09/01/2002 / 09/22/2002 - 09/29/2002 / 11/10/2002 - 11/17/2002 / 12/15/2002 - 12/22/2002 / 12/22/2002 - 12/29/2002 / 12/29/2002 - 01/05/2003 / 01/05/2003 - 01/12/2003 / 01/19/2003 - 01/26/2003 / 01/26/2003 - 02/02/2003 / 02/09/2003 - 02/16/2003 / 02/16/2003 - 02/23/2003 / 03/02/2003 - 03/09/2003 / 03/16/2003 - 03/23/2003 / 04/06/2003 - 04/13/2003 / 04/13/2003 - 04/20/2003 / 04/20/2003 - 04/27/2003 / 05/04/2003 - 05/11/2003 / 05/18/2003 - 05/25/2003 / 05/25/2003 - 06/01/2003 / 06/01/2003 - 06/08/2003 / 06/08/2003 - 06/15/2003 / 06/15/2003 - 06/22/2003 / 06/22/2003 - 06/29/2003 / 06/29/2003 - 07/06/2003 / 07/20/2003 - 07/27/2003 / 07/27/2003 - 08/03/2003 / 08/03/2003 - 08/10/2003 / 08/10/2003 - 08/17/2003 / 08/17/2003 - 08/24/2003 / 08/24/2003 - 08/31/2003 / 08/31/2003 - 09/07/2003 / 09/07/2003 - 09/14/2003 / 09/14/2003 - 09/21/2003 / 09/21/2003 - 09/28/2003 / 09/28/2003 - 10/05/2003 / 10/05/2003 - 10/12/2003 / 10/12/2003 - 10/19/2003 / 10/19/2003 - 10/26/2003 / 10/26/2003 - 11/02/2003 / 11/02/2003 - 11/09/2003 / 11/09/2003 - 11/16/2003 / 11/30/2003 - 12/07/2003 / 12/07/2003 - 12/14/2003 / 12/14/2003 - 12/21/2003 / 12/28/2003 - 01/04/2004 / 01/11/2004 - 01/18/2004 / 01/18/2004 - 01/25/2004 / 01/25/2004 - 02/01/2004 / 02/01/2004 - 02/08/2004 / 02/08/2004 - 02/15/2004 / 02/15/2004 - 02/22/2004 / 02/22/2004 - 02/29/2004 / 02/29/2004 - 03/07/2004 / 03/14/2004 - 03/21/2004 / 03/21/2004 - 03/28/2004 / 03/28/2004 - 04/04/2004 / 04/04/2004 - 04/11/2004 / 04/11/2004 - 04/18/2004 / 04/18/2004 - 04/25/2004 / 04/25/2004 - 05/02/2004 / 05/02/2004 - 05/09/2004 / 05/09/2004 - 05/16/2004 / 05/16/2004 - 05/23/2004 / 05/30/2004 - 06/06/2004 / 06/06/2004 - 06/13/2004 / 06/13/2004 - 06/20/2004 / 06/20/2004 - 06/27/2004 / 06/27/2004 - 07/04/2004 / 07/04/2004 - 07/11/2004 / 07/11/2004 - 07/18/2004 / 07/18/2004 - 07/25/2004 / 08/08/2004 - 08/15/2004 / 08/22/2004 - 08/29/2004 / 08/29/2004 - 09/05/2004 / 09/05/2004 - 09/12/2004 / 09/19/2004 - 09/26/2004 / 09/26/2004 - 10/03/2004 / 10/03/2004 - 10/10/2004 / 10/10/2004 - 10/17/2004 / 10/17/2004 - 10/24/2004 / 10/24/2004 - 10/31/2004 / 10/31/2004 - 11/07/2004 / 11/07/2004 - 11/14/2004 / 11/14/2004 - 11/21/2004 / 11/21/2004 - 11/28/2004 / 11/28/2004 - 12/05/2004 / 12/05/2004 - 12/12/2004 / 12/12/2004 - 12/19/2004 / 12/19/2004 - 12/26/2004 / 12/26/2004 - 01/02/2005 / 01/02/2005 - 01/09/2005 / 01/16/2005 - 01/23/2005 / 01/23/2005 - 01/30/2005 / 01/30/2005 - 02/06/2005 / 02/06/2005 - 02/13/2005 / 02/13/2005 - 02/20/2005 / 02/20/2005 - 02/27/2005 / 02/27/2005 - 03/06/2005 / 03/06/2005 - 03/13/2005 / 03/27/2005 - 04/03/2005 / 04/03/2005 - 04/10/2005 / 04/10/2005 - 04/17/2005 / 05/29/2005 - 06/05/2005 / 06/05/2005 - 06/12/2005 / 06/12/2005 - 06/19/2005 / 06/19/2005 - 06/26/2005 / 06/26/2005 - 07/03/2005 / 07/03/2005 - 07/10/2005 / 07/10/2005 - 07/17/2005 / 07/24/2005 - 07/31/2005 / 07/31/2005 - 08/07/2005 / 08/07/2005 - 08/14/2005 / 08/14/2005 - 08/21/2005 / 08/21/2005 - 08/28/2005 / 08/28/2005 - 09/04/2005 / 09/04/2005 - 09/11/2005 / 09/11/2005 - 09/18/2005 / 09/18/2005 - 09/25/2005 / 09/25/2005 - 10/02/2005 / 10/02/2005 - 10/09/2005 / 10/09/2005 - 10/16/2005 / 10/16/2005 - 10/23/2005 / 10/23/2005 - 10/30/2005 / 10/30/2005 - 11/06/2005 / 11/06/2005 - 11/13/2005 / 11/13/2005 - 11/20/2005 / 11/20/2005 - 11/27/2005 / 11/27/2005 - 12/04/2005 / 12/04/2005 - 12/11/2005 / 12/11/2005 - 12/18/2005 / 12/18/2005 - 12/25/2005 / 01/01/2006 - 01/08/2006 / 01/08/2006 - 01/15/2006 / 01/15/2006 - 01/22/2006 / 01/22/2006 - 01/29/2006 / 01/29/2006 - 02/05/2006 / 02/19/2006 - 02/26/2006 / 03/05/2006 - 03/12/2006 / 03/19/2006 - 03/26/2006 / 03/26/2006 - 04/02/2006 / 04/02/2006 - 04/09/2006 / 04/09/2006 - 04/16/2006 / 04/23/2006 - 04/30/2006 / 05/07/2006 - 05/14/2006 / 05/14/2006 - 05/21/2006 / 05/21/2006 - 05/28/2006 / 06/04/2006 - 06/11/2006 / 06/11/2006 - 06/18/2006 / 06/18/2006 - 06/25/2006 / 06/25/2006 - 07/02/2006 / 07/02/2006 - 07/09/2006 / 07/09/2006 - 07/16/2006 / 07/23/2006 - 07/30/2006 / 08/06/2006 - 08/13/2006 / 08/13/2006 - 08/20/2006 / 09/03/2006 - 09/10/2006 / 09/17/2006 - 09/24/2006 / 09/24/2006 - 10/01/2006 / 10/01/2006 - 10/08/2006 / 10/22/2006 - 10/29/2006 / 11/19/2006 - 11/26/2006 / 11/26/2006 - 12/03/2006 / 12/03/2006 - 12/10/2006 / 12/10/2006 - 12/17/2006 / 12/17/2006 - 12/24/2006 / 12/24/2006 - 12/31/2006 / 01/07/2007 - 01/14/2007 / 01/14/2007 - 01/21/2007 / 01/28/2007 - 02/04/2007 / 02/11/2007 - 02/18/2007 / 02/18/2007 - 02/25/2007 / 02/25/2007 - 03/04/2007 / 03/04/2007 - 03/11/2007 / 03/18/2007 - 03/25/2007 / 04/01/2007 - 04/08/2007 / 04/08/2007 - 04/15/2007 / 04/15/2007 - 04/22/2007 / 04/22/2007 - 04/29/2007 / 04/29/2007 - 05/06/2007 / 05/06/2007 - 05/13/2007 / 05/20/2007 - 05/27/2007 / 05/27/2007 - 06/03/2007 / 06/03/2007 - 06/10/2007 / 06/10/2007 - 06/17/2007 / 06/17/2007 - 06/24/2007 / 07/01/2007 - 07/08/2007 / 07/08/2007 - 07/15/2007 / 07/22/2007 - 07/29/2007 / 07/29/2007 - 08/05/2007 / 08/05/2007 - 08/12/2007 / 08/26/2007 - 09/02/2007 / 09/09/2007 - 09/16/2007 / 09/23/2007 - 09/30/2007 / 09/30/2007 - 10/07/2007 / 10/07/2007 - 10/14/2007 / 10/14/2007 - 10/21/2007 / 10/21/2007 - 10/28/2007 / 10/28/2007 - 11/04/2007 / 11/04/2007 - 11/11/2007 / 11/11/2007 - 11/18/2007 / 11/18/2007 - 11/25/2007 / 11/25/2007 - 12/02/2007 / 12/02/2007 - 12/09/2007 / 12/09/2007 - 12/16/2007 / 12/16/2007 - 12/23/2007 / 12/23/2007 - 12/30/2007 / 01/06/2008 - 01/13/2008 / 02/03/2008 - 02/10/2008 / 02/17/2008 - 02/24/2008 / 02/24/2008 - 03/02/2008 / 03/02/2008 - 03/09/2008 / 03/09/2008 - 03/16/2008 / 03/16/2008 - 03/23/2008 / 03/23/2008 - 03/30/2008 / 03/30/2008 - 04/06/2008 / 04/20/2008 - 04/27/2008 / 04/27/2008 - 05/04/2008 / 05/04/2008 - 05/11/2008 / 05/11/2008 - 05/18/2008 / 05/18/2008 - 05/25/2008 / 05/25/2008 - 06/01/2008 / 06/01/2008 - 06/08/2008 / 06/08/2008 - 06/15/2008 / 06/15/2008 - 06/22/2008 / 06/22/2008 - 06/29/2008 / 07/06/2008 - 07/13/2008 / 07/13/2008 - 07/20/2008 / 07/20/2008 - 07/27/2008 / 07/27/2008 - 08/03/2008 / 08/03/2008 - 08/10/2008 / 08/10/2008 - 08/17/2008 / 08/17/2008 - 08/24/2008 / 08/31/2008 - 09/07/2008 / 09/07/2008 - 09/14/2008 / 09/14/2008 - 09/21/2008 / 09/21/2008 - 09/28/2008 / 09/28/2008 - 10/05/2008 / 10/05/2008 - 10/12/2008 / 10/12/2008 - 10/19/2008 / 10/19/2008 - 10/26/2008 / 10/26/2008 - 11/02/2008 / 11/02/2008 - 11/09/2008 / 11/09/2008 - 11/16/2008 / 11/16/2008 - 11/23/2008 / 12/07/2008 - 12/14/2008 / 12/21/2008 - 12/28/2008 / 12/28/2008 - 01/04/2009 / 01/18/2009 - 01/25/2009 / 01/25/2009 - 02/01/2009 / 03/22/2009 - 03/29/2009 / 05/10/2009 - 05/17/2009 / 05/17/2009 - 05/24/2009 / 05/31/2009 - 06/07/2009 / 06/14/2009 - 06/21/2009 / 06/21/2009 - 06/28/2009 / 06/28/2009 - 07/05/2009 / 07/05/2009 - 07/12/2009 / 07/12/2009 - 07/19/2009 / 07/26/2009 - 08/02/2009 / 08/09/2009 - 08/16/2009 / 08/23/2009 - 08/30/2009 / 09/06/2009 - 09/13/2009 / 09/20/2009 - 09/27/2009 / 09/27/2009 - 10/04/2009 / 10/04/2009 - 10/11/2009 / 10/11/2009 - 10/18/2009 / 10/18/2009 - 10/25/2009 / 10/25/2009 - 11/01/2009 / 11/29/2009 - 12/06/2009 / 12/27/2009 - 01/03/2010 / 01/31/2010 - 02/07/2010 / 02/07/2010 - 02/14/2010 / 02/28/2010 - 03/07/2010 / 03/07/2010 - 03/14/2010 / 03/28/2010 - 04/04/2010 / 04/18/2010 - 04/25/2010 / 05/16/2010 - 05/23/2010 / 05/30/2010 - 06/06/2010 / 06/13/2010 - 06/20/2010 / 06/20/2010 - 06/27/2010 / 07/04/2010 - 07/11/2010 / 07/11/2010 - 07/18/2010 / 07/18/2010 - 07/25/2010 / 08/08/2010 - 08/15/2010 / 08/29/2010 - 09/05/2010 / 09/05/2010 - 09/12/2010 / 09/19/2010 - 09/26/2010 / 09/26/2010 - 10/03/2010 / 10/10/2010 - 10/17/2010 / 10/17/2010 - 10/24/2010 / 10/31/2010 - 11/07/2010 / 11/28/2010 - 12/05/2010 / 12/05/2010 - 12/12/2010 / 12/12/2010 - 12/19/2010 / 12/26/2010 - 01/02/2011 / 03/06/2011 - 03/13/2011 / 03/13/2011 - 03/20/2011 / 05/22/2011 - 05/29/2011 / 08/07/2011 - 08/14/2011 / 08/14/2011 - 08/21/2011 / 09/18/2011 - 09/25/2011 / 10/02/2011 - 10/09/2011 / 10/09/2011 - 10/16/2011 / 11/06/2011 - 11/13/2011 / 01/15/2012 - 01/22/2012 / 04/22/2012 - 04/29/2012 / 06/24/2012 - 07/01/2012 / 08/05/2012 - 08/12/2012 / 08/11/2013 - 08/18/2013 / 03/01/2015 - 03/08/2015 / 10/04/2015 - 10/11/2015 / 11/08/2015 - 11/15/2015 /


Powered by Blogger