3 ms·
> I remember reading a resignation later by a guy [...] http://ftalphaville.ft.com/blog/2008/10/17/17194/andrew-lahde-bows-out-in-style/ http://ftalphaville.ft
by alecco 15y ago
> I remember reading a resignation later by a guy [...]
http://ftalphaville.ft.com/blog/2008/10/17/17194/andrew-lahde-bows-out-in-style/ http://ftalphaville.ft.com/blog/2008/10/17/17194/andrew-lahd...
A very good read. Andrew Lahde bet against the "too big to fail" financial institutions. He was an outsider. And he only closed his operations because he considered those institutions wouldn't be able to pay back [further] bets.
- sudonim 15y agoThanks! I tried to find it without much success.
- alecco 15y agoMore context: http://en.wikipedia.org/wiki/Andrew_Lahde http://en.wikipedia.org/wiki/Andrew_Lahde > Andrew Lahde (born 1971) was a California-based hedge fund manager > who in 2007 earned some fame for achieving return rates in the vicinity > of 1000% with his Lahde Capital, based in Santa Monica, > California. The fund speculated on increases of U.S. subprime > mortgage defaults.