Monday, Nov. 03, 2008
Lahde's farewell
Hedge fund manager Andrew Lahde made a 1000% return betting on the mortgage meltdown, shut down his fund in September, then signed off with a hilarious farewell letter full of bile and marijuana advocacy. "I truly do not have a strong opinion about any market right now," he wrote, "other than to say that things will continue to get worse for some time, probably years."