Lahde Capital's Andrew Lahde Calls It Quits And Publishes A Farewell A Letter You MUST Read Oct 17, 2008 04:15PM

Lahde Capital's Andrew Lahde, who made a boatload of money on the subprime crisis is calling it quits. He along with Paulson & Co., were two of the smartest hedge funds out there, who took advantage of the subprime crisis.

He wrote a farewell letter that is sure to be read by many. He railed against investment banks, government, Harvard MBAs, prep school and the like. He also wrote an entire paragraph on hemp. You can read excerpts from Andrew Lahde's letter below.

Recently, on the front page of Section C of the Wall Street Journal, a hedge fund manager who wasalso closing up shop (a $300 million fund), was quoted as saying, “What I have learned about thehedge fund business is that I hate it.” I could not agree more with that statement. I was in thisgame for the money. The low hanging fruit, i.e. idiots ...