“What I have learned about the hedge fund business is that I hate it.”
I was in this game for the money. The low hanging fruit, i.e. idiots whose parents paid for prep school, Yale, and then the Harvard MBA, was there for the taking. These people who were (often) truly not worthy of the education they received (or supposedly received) rose to the top of companies such as AIG, Bear Stearns and Lehman Brothers and all levels of our government. All of this behavior supporting the Aristocracy, only ended up making it easier for me to find people stupid enough to take the other side of my trades. God bless America.
I will let others try to amass nine, ten or eleven figure net worths. Meanwhile, their lives suck….. What is the point? They will all be forgotten in fifty years anyway.
—Andrew Lahde, who bet against subprime and made over 800% returns
He got to say “I told you so”. He got to be an underdog. And he got O( 10,000,000 ) dollars.
Also — he concludes with a plug for legalizing hemp “while he has everyone’s attention”.