Andrew Lahde, the manager of Lahde Capital in SoCal, is walking away. He probably means nothing to you but he does represent a person coming to their senses.
Last year Lahde gained some fame when his fund achieved an 866% return. (The dude knows how to make bank)
Lahde now finds himself fighting an unnecessary battle between personal greed and peace of mind. He has chosen to walk away.
But before he left he wrote a telling letter to investors.
It is well worth the read. Other things in life are way more important than money and fame, its just a shame that many of us to need to lose it all just to be able to realize it.
a lil excerpt:
I will no longer manage money for other people or institutions. I have enough of my own wealth to manage. Some people, who think they have arrived at a reasonable estimate of my net worth, might be surprised that I would call it quits with such a small war chest. That is fine; I am content with my rewards. 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 look forward 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.
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