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.
 
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