Post: #1

Andrew Lahde, Hedge Fund Manager, Goodbye Letter

http://www.thegmanifesto.com/2008/10/and...etter.html

Post: #2

The best part:

Quote:Moreover, I will let others try to amass nine, ten or eleven figure net worths. Meanwhile, their lives suck. Appointments back to back, booked solid for the next three months, they lookforward to their two week vacation in January during which they will likely be glued to their Blackberries or other such devices. What is the point? They will all be forgotten in fifty years anyway. Steve Balmer, Steven Cohen, and Larry Ellison will all be forgotten. I do not understand the legacy thing. Nearly everyone will be forgotten. Give up on leaving your mark. Throw the Blackberry away and enjoy life.

Though that's kind of easy to say when you're a millionaire.

Post: #3

I was looking through old posts and I saw this. Given the title, I thought it was worth a bump.

Post: #4

Good to hear some Ivy-bashing every now and then. I think if any of you have dealt with that East Coast elitism that comes with the HYP crowd, you'll definitely enjoy at least that part of his letter.

That was a good jump off point to another article written my Michael Lewis, author of Liar's Poker, that led to me reading about this man: John Paulson http://en.wikipedia.org/wiki/John_Paulson .

Reading about John Paulson made me realize that there are a lot of guys with sway who are not going to let this country, or any other country they can get their grabs at, get their shit together because there is too much profit to be made from a shit storm.

Greed, baby. It's a helluva drug.

Post: #5

To even get into the hedge-fund industry is a feat in itself.

- You HAVE to graduate from certain "targeted" schools...usually Ivy league or the "close to" like Stanford, Georgia Tech, Cal-Berkeley or MIT.
- You HAVE to have a very high GPA
- You HAVE to have connections
- You HAVE to be willing to work many hours during your first years after college to get to the point of managing large hedge-fund accounts

What the guy in that article/blog is the normal for successful hedge-fund managers. They do it for a few years then burn out...hopefully with enough money to retire to start their own business easily (usually in someone unrelated to hedge-funds & high-finance).

Good for him...but I don't know if I could keep up that "academic and work pressure" through my 20's.