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Hedge Fund Manager to Wall Street: See Ya, Suckas!
ian spiegelman · 10/18/08 09:44AMThere's nothing like a truly excellent goodbye letter. One case in point is a rambling missive to the world from former hedge fund manager Andrew Lahde, who closed shop last month after deciding that it was just too risky to keep doing business with banks. Specifically, he calls out 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."
Vice-based investing
Gawker · 12/28/02 08:13PMFreelance journalist and sometime NY Post contributor Caroline Waxler's new book, Stocking up on Sin: How to Crush the Market with Vice-based Investing, advises investors to put their money into things like booze, drugs, weapons, gambling and sex. Waxler's not the only advocate. Dan Ahrens' Vice Fund, for example, is composed entirely of sin stocks. ("Ahrens says he's not completely devoid of morals: He prints the Vice Fund prospectus with its martini glass and cigarette logos on recycled paper.")
Blown away at Harvard [Keith Kelly, Post]
Sex sells [Buzzmachine]
Vice Fund