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October 18, 2008

Comments

Walter

"Biggest" might be a little misleading. Lahde is believed to have made one of the biggest percentage returns in history -- one of his funds had a return of 870% last year -- but his fund was tiny. His total personal haul was in the tens of millions.

Not bad (I'd certainly take it), but it's not even close to the kinds of money that the real hedge fund titans make.

E.g., John Paulson, the hedge fund manager who really "made the biggest return in history betting on the financial collapse," personally made $3.7 billion last year by betting on the collapse of housing prices and mortgage backed securities.

It is shocking that more people didn't see this collapse coming; Krugman and others were calling it in 2005 and earlier.

Boltonian

This guy sounds like J. Orlin Grabbe resurrected.

James Bowery

I haven't been able to find a decent personal history of Lahde.

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