Over the Hedge

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Amidst the chaos of the greatest economic crisis since the Great Depression, one head-honcho of the financial industry has decided to turn over a new leaf. Andrew Lahde, the now-former head of California-based hedge fund Lahde Capital Management, recently quit his job despite posting gains of 870 percent over the last year.

His resignation letter reflects his disillusionment with both the financial industry and the federal government, and contains scathing criticisms of American materialism, economic deregulation, and the philosophical fortitude (or lack thereof) of our country's leaders. He states his intention to refocus his energies on personal health over personal wealth, and encourages his contemporaries -- such as George Soros -- to use their resources to heal the world rather than perpetuating problematic power structures.

Though a resignation letter is an unusual way of making a political statement, Lahde certainly goes out with a bang.  He devotes the last paragraph of his widely-publicized farewell statement to promoting hemp as an alternative food and energy source as well as paying homage to its female counterpart, marijuana. Something tells me that this man is going to have a very relaxing retirement. In any case, Lahde's bombastic farewell raises hopes that there are more financial bigwigs out there who care about expanding their minds more than expanding their wallets... if they all haven't fled already.

Image: "Wall Street subway mosaic" by epicharmus on Flickr courtesy of Creative Commons Licensing.

 

Images c/o Creative Commons Flickr users arimoore and antonychammond

Comments

very interesting

thanks for posting!

Hear Hear!

Andrew Lahde comes close to hitting the nail on the head.

It must have been some kind of mystical peak experience...

For better or ill such major life changes are usually the result of peak mystical experience as defined by William James. The manner in which these experiences manifest themselves run the gamut from Wesley's private heart warming experience to public meltdowns like the protagonist Max Schumacher of the movie "Network."

It's easy to turn over a new

It's easy to turn over a new leaf after you have made your fortune. I find Lahde's attitude unaplatable. Here is John Gapper's response. http://www.ft.com/cms/s/0/c0a1ee2c-a1c5-11dd-a32f-000077b07658.html?ncli...