Play the Game of Life
Ryan Petersen's Blog

When I first read this letter from now-retired hedge fund manager, Andrew Lahde, I really admired him for putting his personal life above financial payouts as he rode off into the sunset after a miraculous year of investing. The guy's hedge fund rose 866% last year, leading him to write a scathing letter about the financial services industry (you'd think he'd be more grateful) as he retired from money management.

And while I still recommend reading the letter, and wholeheartedly endorse the sentiment that lead him to write it, I think this guy has been fooled by randomness. Here is a classic example of a guy who got lucky, and not realizing that somebody had to get lucky, clings to the belief that he is somehow special.

On top of that, the guy's actually pretty petty. He attacks everybody who went to an elite school, saying they are all stupid. Then he tells the world--presumably including friends and co-workers who helped him on the way up--that now that he's rich he won't be returning their calls).

Let's hope that when the rest of us make it big, we can make a more graceful move to the exit.