petroleum products
Lahde Quits Hedge Funds, Thanks `Idiots' for Success
Submitted by loner on 19 October, 2008 - 5:46pm- AIG
- America
- American International Group, Inc.
- Andrew Lahde
- Bear Stearns
- California
- Congress
- Credit Crisis
- Dalton Investments LLC
- energy
- Finance
- finance
- food
- George Soros
- Hank Paulson
- Harvard
- Hedge Fund
- Katherine Burton
- kburton@bloomberg.net
- Lahde Capital Management LLC
- Lehman Brothers
- Lehman Brothers Holdings Inc.
- Los Angeles
- Michigan State University
- New York
- petroleum products
- Santa Monica
- The Bear Stearns Companies Inc.
- University of California, Los Angeles
- US
- USD
- Yale
Oct. 17 (Bloomberg) -- Andrew Lahde, the hedge-fund manager who quit after posting an 870 percent gain last year, said farewell to clients in a letter that thanks stupid traders for making him rich and ends with a plea to legalize marijuana.
- loner's blog
- Read more
- 429 reads
What did I say then?
Estimating the implied volatility of ATM call on back of an envelope (4 years 38 weeks ago):
I said:
(S - B) / 2 + 0.4 * (S + B) *...
