Hedge Fund Manager: Goodbye ... And Think Pot

[Blk04L]

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.

http://www.cnbc.com/id/27239479



Interesting read.

 

[crazyj0n]

Interesting what he says about hemp.

 

[SID297]

Take the money and run.

 

[SID297]

Take the money and run.

 

[HYBRED]

Smart guy.

 

[darkcrayz]

he did. 866% return. oh holy ****. 100m = 860m. that is alot of ****ing money.

 

[GOTSVT?]

What a great read!

 

[2003 Silver]

He had me until the hemp part.....

 

[FL-Orange]

He had me until the hemp part.....

He's right, especially on the first part of the usefullness of hemp. It is incredibly stupid that we make growing hemp illegal because some people are afraid of pot.

 

[2003 Silver]

He's right, especially on the first part of the usefullness of hemp. It is incredibly stupid that we make growing hemp illegal because some people are afraid of pot.

:sleeping:

 

[Darcsun]

I hate to say it... but that is so f'n true.

Working on the market, I wonder WTF is wrong with my managers. That pretty much sums it up. My company isn't failing.... but it's got failboat written all over it someday.