Investing

greatest letter ever.

The below note is the greatest thing I’ve read in a while. It brings tremendous happiness to me. Dude who wrote it, Andrew Lahde, is the manager of a small California hedge fund, Lahde Capital, who made 866 percent betting against the subprime collapse. That’s a lot of money.

the financial crisis explained.

So. Like most people you’re wondering what the hell is going on, right?

Don’t worry. Well, you should worry about the fundamentals of America but you shouldn’t worry about understanding it. Because I’ve got it covered.

are they stupid?

The SEC is looking into banning short-selling in the stock market. Temporarily.

Are they morons? The problem is that government didn’t regulate businesses that were amassing leverage and assets that could take down the nation’s financial system. Since they had their heads…

lipstick on a pig?

It’s classic. We’re going through one of the worst economic crises that our nation has seen in decades, and the media is…

do you realize what just happened?

dear children,

I think we’re sorry for what we’ve done to you. I say “think” because I don’t believe that most Americans have any idea what’s going on right now.

hand baskets.

dear hand baskets,

When people ask what I’m buying these days, I respond: “hand baskets.”
“Hand baskets?”
“Yeah, everything seems to be going to hell in a hand basket these days, so I might as well own stock”.