
Yep, it’s a hatchet job for sure.
Andrew Lahde, of Lahde Capital Management LLC, decided it was “high” time to retire from the hedge fund business, and used his goodbye letter to tell the world EXACTLY how he felt. Lahde returned 870 percent last year, which is enough to give him the cred to get this letter read and not laughed off.
And it’s fun reading. You can find the full letter from Andrew Lahde here.
An excerpt:
“I was in this game for money,” Lahde, 37, wrote in a two-page letter today in which he said he had come to hate the hedge-fund business. “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 sides of my trades. God Bless America.”
He goes on to request George Soros start a foundation that will cultivate great minds who can competently run a government and then spent a copious amount of time talking about weed:
“Hemp has been used for at least 5,000 years for cloth and food, as well as just about everything that is produced from petroleum products,” he wrote. “Hemp is not marijuana and vice versa. Hemp is the male plant and it grows like a weed, hence the slang term.”
He added, “The evil female plant — marijuana. It 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.”
Lahde said the only reason marijuana remains illegal is because “Corporate America, which owns Congress, would rather sell you Paxil, Zoloft, Xanax and other addictive drugs, than allow you to grow a plant in your home without some of the profits going into their coffers.”
I feel like I should create a “win” tag just for this post, because it definitely isn’t fail. The only thing that would’ve made it better would’ve been if Lahde had sent it out with little failboat paper dolls or something like that.


20081020 « Kisiel2’s blog // Oct 20, 2008 at 2:19 pm
[...] And, the famous letter from Andrew Lahde (here or here). [...]