How rich is Andrew Lahde?
Andrew Lahde net worth:
People also search for
Andrew Lahde net worth 2017, biography & wiki:
Andrew Lahde (born 1971) was a California-based hedge fund manager who in 2007 earned some recognition for attaining yield speeds in the neighborhood of 1000% with his Lahde Capital, located in Santa Monica, California. The fund theorized on increases of U.S. subprime mortgage default options. Lahde’s hedge fund strategy was based on his familiarity with property, real estate finance, the complicated world of securitized property finance and different fiscal vehicles linked to the trades. What distinguished Lahde from a number of other hedge fund businesses was an knowledge of the underlying asset, residential property.
In September 2008, Lahde shut his fund, telling investors that credit issues – the basis of his gains – were likely to continue, but the likelihood of defaults by counter parties was excessive. He proposed that George Soros “begin and sponsor a newsgroup for great minds to come together to develop a fresh system of government that actually represents the common man’s interest”, that could be according to Meritocracy. He ended his letter by proposing to legalize hemp (although not always grass), saying that hemp had been used for at least 5,000 years for material and food, as well as just about everything that’s made from oil products, and therefore should be part of making the U.S. “really become self sufficient”. He likewise said that cannabis is kept prohibited because “Corporate America, which possesses Congress, would rather sell you Paxil, Zoloft, Xanax, along with other addictive drugs, than enable one to grow a plant at home without a few of the gains going in their coffers.”
Lahde’s increased media presence has brought interest from hemp-legalization organizations, as well as buff-products encircling his much-reported good-bye letter.