Thursday, October 23, 2008

"Throw the Blackberry away and enjoy life"

So what happens when you cash your chips in on Wall Street? You write a letter announcing that you and your winnings are leaving town.

Andrew Ladhe, who had an 870 percent gain in 2007 (according to New York magazine), has retired from the capital management business. In these uncertain times, it's nice to have perspective:
Moreover, I will let others try to amass nine, ten or eleven figure net worths. Meanwhile, their lives suck. Appointments back to back, booked solid for the next three months, they look forward to their two week vacation in January during which they will likely be glued to their Blackberries or other such devices. What is the point? They will all be forgotten in fifty years anyway. Steve Balmer, Steven Cohen, and Larry Ellison will all be forgotten. I do not understand the legacy thing. Nearly everyone will be forgotten. Give up on leaving your mark. Throw the Blackberry away and enjoy life.
Ladhe also suggests more philosophy and reintroducing hemp as a commodity.

Thanks to Andrew Sullivan for the tip.

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