Thursday, October 23, 2008

Best advice of the week

From someone who decided it was better to burn out (in a narcissistic way) than fade away (but a happy ending for him). Advice we should all think about.
"Throw the Blackberry away and enjoy life."
I also liked this part - about how and from whom he made all his bucks as a Hedge Fund Manager.
"The low-hanging fruit, ie idiots whose parents paid for prep school, Yale and then the Harvard MBA, was there for the taking," he wrote. "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," he said.

"All of this behaviour 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."

Lahde became one of the biggest names in the investment industry when one of his funds produced a return of 866% last year, largely by forecasting the US home loans industry would collapse.
Oh, he is retiring at 37 with millions. Stepping out while still on top. Hmmmm.

No comments: