So long, suckers. Millionaire hedge fund boss thanks ‘idiot’ traders and retires at 37 | Business | The Guardian

The Guardian

The boss of a successful US hedge fund has quit the industry with an extraordinary farewell letter dismissing his rivals as over-privileged “idiots” and thanking “stupid” traders for making him rich.

Andrew Lahde’s $80m Los Angeles-based firm Lahde Capital Management in Los Angeles made a huge return last year by betting against subprime mortgages.

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