quinta-feira, fevereiro 19, 2009

The Low-Hanging Fruit e o Último a Rir

Excertos da carta que o gestor de fundos Andrew Lahde escreveu aos seus investidores, antes de se reformar com o dinheiro que fez após uma subida de 888% no seu fundo, por ter apostado contra o crédito a habitação subprime.

"Today I write not to gloat. Given the pain that nearly everyone is experiencing, that would be entirely inappropriate."

“I was in this game for the money. The low hanging fruit, i.e. idiots whose parents paid for prep school, Yale, and then the Harvard MBA, was there for the taking. 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."

Pergunto-me por onde andará todo o jet-7 financeiro luso nestes dias...