investment banking

Columbia_Student
Sun, 19 Oct 2008 13:30:56 +0000

The low-hanging fruit according to hedge fund founder Lahde

“The low-hanging fruit, i.e. idiots whose parents paid for prep school, Yale and then the Harvard MBA, was there for the taking,” said Lahde, who according to the website birthdates.com is 37.

“These people who were (often) truly not worthy of the education they received (or supposedly received) rose to the top of companies such as AIG, Bear Stearns and Lehman Brothers and all levels of our government. All of this behavior supporting the Aristocracy, only ended up making it easier for me to find people stupid enough to take the other side of my trades. God bless America.”



[Lahde, who bet versus subprimes, quits hedge funds | Funds | News | Reuters](http://www.reuters.com/article/fundsFundsNews/idUSN1747509520081017)