Lahde's letter made the rounds on Friday. The guy had an $8 MM hedge fund. It made some prescient short bets and had an 870% return in 2007. He had another strong run in 2008 before packing it in.
My co-workers and I guesstimated he walked away with $12-20 MM. You can buy a lot of good bud with that much cash.
What a pleasant morning pic. Well done tiny.
ReplyDeleteJeez, Marty McFly is pissed off...
ReplyDeletei imagine this will be making the rounds on wall street today, if it hasn't already:
ReplyDeletehttp://andrewsullivan.theatlantic.com/the_daily_dish/2008/10/buh-bye-and-smo.html#more
Lahde's letter made the rounds on Friday. The guy had an $8 MM hedge fund. It made some prescient short bets and had an 870% return in 2007. He had another strong run in 2008 before packing it in.
ReplyDeleteMy co-workers and I guesstimated he walked away with $12-20 MM. You can buy a lot of good bud with that much cash.
He may be my hero.