Ko bom velik, bom upravljavec hedge sklada

Imam novega idola.

Andrew Lahde (Lahde Capital Management), je v lanskem letu za svoje stranke ustvaril 870% donosnost (torej jim je skoraj podeseteril premoženje) in to neto, po svojih honorarjih, ki v industriji običajno znašajo 2% premoženja na upravljanju in 20% donosa. Ni prvi, ki mu je uspelo s pravilnim predvidevanjem nepremičninske in finančne krize, se je pa doslej od industrije najbolj opazno poslovil. V pismu svojim vlagateljem se za sodelovanje zahvali “idiotom na nasprotni strani njegovih stav, ki so jim starši plačali drage fakultete”:

Recently, on the front page of Section C of the Wall Street Journal, a hedge fund manager who was also closing up shop (a $300 million fund), was quoted as saying, “What I have learned about the hedge fund business is that I hate it.” I could not agree more with that statement. I was in this game for the money. 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.

I have no interest in any deals in which anyone would like me to participate. I truly do not have a strong opinion about any market right now, other than to say that things will continue to get worse for some time, probably years. I am content sitting on the sidelines and waiting. After all, sitting and waiting is how we made money from the subprime debacle.

In za konec, ko je že pritegnil pozornost, razloži še, kako super rastlina je konoplja:

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. My only conclusion as to why it is illegal, is that Corporate America, which owns Congress, would rather sell you Paxil, Zoloft, Xanax and other additive drugs, than allow you to grow a plant in your home without some of the profits going into their coffers.

Respect!