Now that is committment to your clients. What dedication.

What a douche.

Hi, IRS, please audit me.

Thanks,
Andy Lahde

Hopefully he was dumb enough to make a mistake...

He's just telling it like it is. All of these pampered rich kids playing with money have pretty much destroyed our economy. I wish him well.

Danni, I agree completely. I also liked the part at the end of his diatribe about legalizing the evil stink weed.

So his mesage pretty much said to me that; 1)he was sick of the game, 2)he will gladly take the money and run, 3)he would like to devote more time to being stoned.

I agree with much of what he said with the first exception being that he didn't write the letter to gloat.

For some reason Im thinking of the end of "Trading Places"

"Looking good Billy Ray!"

"Feeling good Lewis!"

He's just telling it like it is. All of these pampered rich kids playing with money have pretty much destroyed our economy. I wish him well.

Agreed, Danni. The brother of a very good friend of mine went to a prestigious school, but the guy is a vapid frat brother with no common sense. He has (maybe not for long) a job working for a large mutual fund company in Boston, makes a salary probably equivalent to all of us who have so far posted on this thread, along with a yearly bonus in the high six figures. My friend says his brother brags that he spends his days golfing and noodling around on the internet. And I suspect there are thousands of them out there.

So what's the big deal? This isn't new; we've been ripping off Americans for years!

Sincerely

Mitt "The Greasy Mormon" Romney

"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.

I wonder if he had any one particular Yale graduate with a Harvard MBA in mind?

This guy hit the nail on the head and if you think he is a douche you are the stupid ones that he speaks of.

"I wonder if he had any one particular Yale graduate with a Harvard MBA in mind?"

Hmmmmmm

Now who could that be?
ff!

So this guy smells a rat in the economy, puts his money where his mouth is, works hard, then ends up rich due to the greed and the lack of foresight of others. But my favorite part is the anonymous internet smart asses who call him a douche for doing exactly what all the blow-hards SHOULD have been doing all along.

I love America.

Now that is committment to your clients. What dedication.

One assumes that he earned 870% return for them, as well. I suspect they're quite pleased with his efforts and hold no grudge against him for cashing in.

My Hero.

Punk Rocker infiltrated wall street.

Yeah, I've gotta say he's just doing what a lot of us think or more likely fantasize about. Getting to that moment of financial solidity where you can write the Big Fuck You letter to your company and walk away.

So how much did he retire with??? I can't find that anywhere....

My brother rebuilt a guy's house, and when it was done the owner threw a party. He said he had a good year and they gave him a check for 100 million dollars!

Hedge funds make 2/20...2% fees just because, and 20% of the profit. Then the good ones went 3/30. It's projected that half of them will disappear this year, the strong will get bigger, and fees will come down. Like cockroaches they are hard to kill and here to stay.

Don't think for a minute they wouldn't bet against America to make a buck. In fact if it came to driving the US into bankruptcy in order to make a buck, they wouldn't hesitate. They'd sell their own Mothers short for trade....

Finishing Dave's post with help from Stone's Wallstreet

"and send her C.O.D."

So how much did he retire with??? I can't find that anywhere....

I believe he complained about folks who aren't happy amassing eight figures and nine figures, etc. So, I would guess he's got somewhere in the seven figures stashed away, probably at the high end of x,xxx,xxx.

He talks like he has principles. But if he really had principles, he'd give the money to charity and THEN throw away his BlackBerry and "enjoy life."

It says he started with 10 million, and had 80 million last year. don't know if that was before or after the hefty returns. Anyway, good for him. All of wallstreet was warning of subprime 1st quarter last year, YET they still couldn't keep away from the allure of leveraged returns.....