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	<title>Internetbusinessking.com &#187; Uncategorized</title>
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<title>Internetbusinessking.com</title>
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		<copyright>Copyright &#xA9; 2010 Internetbusinessking.com </copyright>
		<managingEditor>dking88@davidbeking.com ()</managingEditor>
		<webMaster>dking88@davidbeking.com ()</webMaster>
		<category>posts</category>
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		<itunes:subtitle></itunes:subtitle>
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		<itunes:category text="Society &amp; Culture"/>
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			<itunes:name></itunes:name>
			<itunes:email>dking88@davidbeking.com</itunes:email>
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			<title>Internetbusinessking.com</title>
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		<item>
		<title>The Purpose of Internetbusinessking.com</title>
		<link>http://internetbusinessking.com/internet-business-king/uncategorized#utm_source=feed&amp;utm_medium=feed&amp;utm_campaign=feed</link>
		<comments>http://internetbusinessking.com/internet-business-king/uncategorized#comments</comments>
		<pubDate>Sat, 18 Apr 2009 01:17:46 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Blogging]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[internet business king]]></category>
		<category><![CDATA[king internet business]]></category>
		<category><![CDATA[Social Media Marketing]]></category>

		<guid isPermaLink="false">http://internetbusinessking.com/?p=9</guid>
		<description><![CDATA[InternetBusinessKing.com has an official nickname and that is &#8220;The BMIM blog&#8221;
just so you know&#8230;
The purpose of this blog is to teach and train and educate you in the following areas.

Social Media Marketing
Social bookmarking
Seo
Free website traffic strategies
Website monetizing strategies
email marketing
blog marketing
Blogging
Youtube and video marketing
Facebook and social networking
Building your brand through blogging and social media
twitter- how to [...]]]></description>
			<content:encoded><![CDATA[<p>InternetBusinessKing.com has an official nickname and that is &#8220;The BMIM blog&#8221;</p>
<p>just so you know&#8230;</p>
<p>The purpose of this blog is to teach and train and educate you in the following areas.</p>
<ul>
<li>Social Media Marketing</li>
<li>Social bookmarking</li>
<li>Seo</li>
<li>Free website traffic strategies</li>
<li>Website monetizing strategies</li>
<li>email marketing</li>
<li>blog marketing</li>
<li>Blogging</li>
<li>Youtube and video marketing</li>
<li>Facebook and social networking</li>
<li>Building your brand through blogging and social media</li>
<li>twitter- how to use it to your networking and marketing advantage</li>
<li>and MORE!</li>
</ul>
<p>I want you to be able to build and grow your own web business just from the knowledge that you learned from this blog.</p>
<p>Own a blog, have a social media impact and influence and make money from the internet so you can travel anywhere in the world and live the internet lifestyle!</p>
]]></content:encoded>
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		</item>
		<item>
		<title>feedblitz weekly update&#8230;</title>
		<link>http://internetbusinessking.com/feedblitz-weekly-update/uncategorized#utm_source=feed&amp;utm_medium=feed&amp;utm_campaign=feed</link>
		<comments>http://internetbusinessking.com/feedblitz-weekly-update/uncategorized#comments</comments>
		<pubDate>Thu, 04 Dec 2008 03:40:09 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://davidbeking.com/?p=212</guid>
		<description><![CDATA[get my weekly email with that weeks blog posts&#8230;
]]></description>
			<content:encoded><![CDATA[<p>get my weekly email with that weeks blog posts&#8230;</p>
]]></content:encoded>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>My new plugin: sociable!</title>
		<link>http://internetbusinessking.com/my-new-plugin-socaiable/uncategorized#utm_source=feed&amp;utm_medium=feed&amp;utm_campaign=feed</link>
		<comments>http://internetbusinessking.com/my-new-plugin-socaiable/uncategorized#comments</comments>
		<pubDate>Sun, 23 Nov 2008 17:34:20 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[socialble wordpress plugin]]></category>

		<guid isPermaLink="false">http://davidbeking.com/?p=200</guid>
		<description><![CDATA[I just got a new plugin called sociable for my blog.
you&#8217;ll see it below.
pretty cool eh? now your website will get bookmarked and marketed more for free!
David,
]]></description>
			<content:encoded><![CDATA[<p>I just got a new plugin called sociable for my blog.</p>
<p>you&#8217;ll see it below.</p>
<p>pretty cool eh? now your website will get bookmarked and marketed more for free!</p>
<p>David,</p>
]]></content:encoded>
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		</item>
		<item>
		<title>Bigger Dreams or nightmares?</title>
		<link>http://internetbusinessking.com/bigger-dreams-or-nightmares/uncategorized#utm_source=feed&amp;utm_medium=feed&amp;utm_campaign=feed</link>
		<comments>http://internetbusinessking.com/bigger-dreams-or-nightmares/uncategorized#comments</comments>
		<pubDate>Sun, 16 Nov 2008 19:21:25 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[aspirations]]></category>
		<category><![CDATA[determination]]></category>
		<category><![CDATA[dreamlife]]></category>
		<category><![CDATA[dreams]]></category>
		<category><![CDATA[life goals]]></category>
		<category><![CDATA[Motivation]]></category>
		<category><![CDATA[nightmares]]></category>

		<guid isPermaLink="false">http://yougottaseethis.wordpress.com/?p=522</guid>
		<description><![CDATA[Do you have bigger dreams or nightmares?
What do I mean?

What are you willing to risk to live your dreams?
What are you willing to risk financially?
How much time will you risk?
For me&#8230; as much money and as long as it takes.
Make your dreams bigger and more important than your nightmares and take control of your life [...]]]></description>
			<content:encoded><![CDATA[<p>Do you have bigger dreams or nightmares?</p>
<p>What do I mean?</p>
<p><object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/GZFaY_He6j8&#038;hl=en&#038;fs=1&#038;rel=0&#038;color1=0x006699&#038;color2=0x54abd6"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/GZFaY_He6j8&#038;hl=en&#038;fs=1&#038;rel=0&#038;color1=0x006699&#038;color2=0x54abd6" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object></p>
<p>What are you willing to risk to live your dreams?</p>
<p>What are you willing to risk financially?</p>
<p>How much time will you risk?</p>
<p>For me&#8230; as much money and as long as it takes.</p>
<p>Make your dreams bigger and more important than your nightmares and take control of your life today.</p>
<p>Take control of your life right now!</p>
<p>It&#8217;s the first day of &#8220;real snow&#8221; in michigan today&#8230;</p>
<p>it looks pretty from inside&#8230; but when i get outside i&#8217;m not as big of a fan.</p>
<p>Have an awesome rest of the weekend!</p>
<p>David King,</p>
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		</item>
		<item>
		<title>I need a blog techie&#8230; design, setup, integration&#8230;</title>
		<link>http://internetbusinessking.com/i-need-a-blog-techie-design-setup-integration/uncategorized#utm_source=feed&amp;utm_medium=feed&amp;utm_campaign=feed</link>
		<comments>http://internetbusinessking.com/i-need-a-blog-techie-design-setup-integration/uncategorized#comments</comments>
		<pubDate>Tue, 11 Nov 2008 04:04:00 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[blog design]]></category>
		<category><![CDATA[blog setup]]></category>
		<category><![CDATA[blog techie]]></category>
		<category><![CDATA[social blogging]]></category>
		<category><![CDATA[web 2.0 blog]]></category>

		<guid isPermaLink="false">http://yougottaseethis.wordpress.com/?p=512</guid>
		<description><![CDATA[Hey guys&#8230;
This is going to be a quick blog post.
I need someone who knows these areas well.
wordpress blogs.
wordpress blog design and setup.
and i believe that&#8217;s it!
Basically i want my blog to look like these&#8230;.
Http://jasonmoffatt.com
Http://johnchow.com
I want my blog do have these things.
categories.
a friend section (a box with facebook link, twitter link etc.)
I want every blog post [...]]]></description>
			<content:encoded><![CDATA[<p>Hey guys&#8230;</p>
<p>This is going to be a quick blog post.</p>
<p>I need someone who knows these areas well.</p>
<p>wordpress blogs.<br />
wordpress blog design and setup.<br />
and i believe that&#8217;s it!</p>
<p>Basically i want my blog to look like these&#8230;.</p>
<p>Http://jasonmoffatt.com</p>
<p>Http://johnchow.com</p>
<p>I want my blog do have these things.</p>
<p>categories.<br />
a friend section (a box with facebook link, twitter link etc.)<br />
I want every blog post to have social bookmarking services like digg and stumble at the end of every blog post so readers can bookmark my blog and posts easily.<br />
blogroll.<br />
extra space where i can put an introduction video to my blog or links or whatever i want.</p>
<p>I want a community box with mybloglog showing everyone&#8217;s little pic&#8230; that&#8217;s cool lol.</p>
<p>I want the blog to look professional and have all the social bookmarking, social networking and social marketing capabilites of a current up to date web 2.0 BLOG!</p>
<p>What i will do is export this blog onto the new blog&#8230; then add all the extra stuff that i want&#8230;</p>
<p>I think you know by now if you can do this or not.</p>
<p>all I want to do is give you the header for my blog, my domain name, my hosting, and my newsletter code with my ebook image.. i will have an optin box as well.</p>
<p>after i give you all of this i want it to look similar to the blogs above.</p>
<p>I want to basically totally redesign my blog and make it really nice looking.</p>
<p>I believe i want to use the flexibility theme which is at flexibilitytheme.com</p>
<p>If you can install wordpress on my domain and set all this up I need to talk to you!</p>
<p>I&#8217;m sure it will be easy if i give you the images and links for the right person.</p>
<p>I will pay the right amount for the right person.</p>
<p>Please post your name and email below in the comment section and i will contact you.</p>
<p>My blog is going to change drastically! can&#8217;t wait to find the right person!</p>
<p>Contact me today!</p>
]]></content:encoded>
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		</item>
		<item>
		<title>Passive vs. Residual Income&#8230; What&#8217;s the difference?</title>
		<link>http://internetbusinessking.com/passive-vs-residual-income-whats-the-difference/uncategorized#utm_source=feed&amp;utm_medium=feed&amp;utm_campaign=feed</link>
		<comments>http://internetbusinessking.com/passive-vs-residual-income-whats-the-difference/uncategorized#comments</comments>
		<pubDate>Fri, 07 Nov 2008 02:46:51 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[cross-sell]]></category>
		<category><![CDATA[down-sell]]></category>
		<category><![CDATA[income]]></category>
		<category><![CDATA[passive]]></category>
		<category><![CDATA[residual]]></category>
		<category><![CDATA[up-sell]]></category>

		<guid isPermaLink="false">http://yougottaseethis.wordpress.com/?p=500</guid>
		<description><![CDATA[So I&#8217;ve been wondering&#8230; Is there a difference between residual and passive income?
is there really?
I see both of them as getting paid monthly without working.
I really don&#8217;t know if there is a difference&#8230;
what do you think?
I just want to know what someone thinks besides me!
anyways I have a story to tell you.
I ordered 2 bottles [...]]]></description>
			<content:encoded><![CDATA[<p>So I&#8217;ve been wondering&#8230; Is there a difference between residual and passive income?</p>
<p>is there really?</p>
<p>I see both of them as getting paid monthly without working.</p>
<p>I really don&#8217;t know if there is a difference&#8230;</p>
<p>what do you think?</p>
<p>I just want to know what someone thinks besides me!</p>
<p>anyways I have a story to tell you.</p>
<p>I ordered 2 bottles of pills the other day because my knee joints have been bothering me lately.</p>
<p>There was a special going on.</p>
<p>Your First month is free! all you pay is shipping!</p>
<p>Good deal right?</p>
<p>of course!</p>
<p>so i jumped on it because my knees need some joint support.</p>
<p>here&#8217;s how the phone conversation went when I ordered.</p>
<p>Hi i&#8217;m calling to get the joint pill blah blah etc.</p>
<p>the operator says okay.</p>
<p>she get&#8217;s my credit card, address and name.</p>
<p>next thing you know she&#8217;s upselling me another &#8220;complementary&#8221; product that adds on to the first product!</p>
<p>For only $3 more!</p>
<p>How can I say no to that!</p>
<p>The funny thing was is that the telemarketer told me about it and just added it to my order.</p>
<p>By the end of the order it was only $10.</p>
<p>It would have been $7 with just the one bottle.</p>
<p>I didn&#8217;t even say yes to the second one but it was such a good deal that i said ahh forget it&#8230;. it&#8217;s a good deal.</p>
<p>Are you up-selling your customers?</p>
<p>Are you down-selling your customers?</p>
<p>Are you cross-selling your customers?</p>
<p>If so then keep up the good work.</p>
<p>If not&#8230; Why not?</p>
<p>You realize that the average order of your customer can increase by up-selling them.</p>
<p>Your conversion rate can increase by down-selling because if they don&#8217;t buy your product they may buy the down sell.</p>
<p>and cross-selling is yet ANOTHER way to monetize your marketing system.</p>
<p>Keep the cross, up and down-selling in mind next time you sell a product or service.</p>
<p>OR&#8230; Just implement it into your marketing right now!</p>
<p>Have an awesome night everyone!</p>
<p>David,</p>
<p>OHH yeah! the facebook group broke the 500 mark today&#8230; looks like there are going to be more authority website and web 2.0 dominators out there than i thought!</p>
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		</item>
		<item>
		<title>If You had 2 lifelines left in &#8220;Who want&#8217;s to be a millionaire?&#8221; what would they be?</title>
		<link>http://internetbusinessking.com/if-you-had-2-lifelines-left-in-who-wants-to-be-a-millionaire-what-would-they-be/uncategorized#utm_source=feed&amp;utm_medium=feed&amp;utm_campaign=feed</link>
		<comments>http://internetbusinessking.com/if-you-had-2-lifelines-left-in-who-wants-to-be-a-millionaire-what-would-they-be/uncategorized#comments</comments>
		<pubDate>Tue, 04 Nov 2008 01:11:41 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Blair Singer]]></category>
		<category><![CDATA[Brian tracy]]></category>
		<category><![CDATA[communication skills]]></category>
		<category><![CDATA[marketing]]></category>
		<category><![CDATA[marketing skills]]></category>
		<category><![CDATA[sales skills]]></category>
		<category><![CDATA[t harv eker]]></category>
		<category><![CDATA[zig ziglar]]></category>

		<guid isPermaLink="false">http://yougottaseethis.wordpress.com/?p=498</guid>
		<description><![CDATA[HMM?
Good question huh?
If I had 2 lifelines left in my business they would be&#8230;

Marketing
Sales

Those are the 2 most important factors in your business.
That&#8217;s what keeps your business running!
when is the last time you got a sales and marketing degree?
Well you don&#8217;t need a degree but, when is the last time you read about sales or [...]]]></description>
			<content:encoded><![CDATA[<p>HMM?</p>
<p>Good question huh?</p>
<p>If I had 2 lifelines left in my business they would be&#8230;</p>
<ol>
<li>Marketing</li>
<li>Sales</li>
</ol>
<p>Those are the 2 most important factors in your business.</p>
<p>That&#8217;s what keeps your business running!</p>
<p>when is the last time you got a sales and marketing degree?</p>
<p>Well you don&#8217;t need a degree but, when is the last time you read about sales or marketing?</p>
<p>I think one thing that internet marketers do quite a bit is get caught up in all of these new software programs and websites and forget that they really just need to work on more marketing and more efficient sales and marketing!</p>
<p>[youtube=http://www.youtube.com/watch?v=O2kjoGiDv54]</p>
<p>Indifference!</p>
<p>Be indifferent about them buying.</p>
<p>Have you ever tried it?</p>
<p>Try it in your business and see what happens~<br />
Warning: YOU may notice severe increase in your conversion rate.</p>
<p>You&#8217;ve been warned!</p>
<p>You guys have an awesome night and don&#8217;t forget to always improve your selling, marketing and communication skills.</p>
<p>David King,</p>
]]></content:encoded>
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		</item>
		<item>
		<title>An amazing software program can automate that!</title>
		<link>http://internetbusinessking.com/an-amazing-software-program-can-automate-that/uncategorized#utm_source=feed&amp;utm_medium=feed&amp;utm_campaign=feed</link>
		<comments>http://internetbusinessking.com/an-amazing-software-program-can-automate-that/uncategorized#comments</comments>
		<pubDate>Fri, 31 Oct 2008 21:39:49 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[facebook group marketing]]></category>
		<category><![CDATA[facebook marketing]]></category>
		<category><![CDATA[social marketing]]></category>
		<category><![CDATA[twitter]]></category>
		<category><![CDATA[twitter counter]]></category>
		<category><![CDATA[twitter marketing]]></category>
		<category><![CDATA[twitterfeed]]></category>

		<guid isPermaLink="false">http://yougottaseethis.wordpress.com/?p=484</guid>
		<description><![CDATA[Hey everyone!
Happy halloween!
Canday canday! YUM!
the &#8220;ay&#8221; in candy is extended for more candy then would be in the regular word candy.
anyways LOL!
I hope you guys are having an awesome weekend.
My group on facebook is growing by leaps and bounds and it hasn&#8217;t showed any sign of slowing yet!
http://www.facebook.com/group.php?gid=33397981493
That&#8217;s the url if you have not joined [...]]]></description>
			<content:encoded><![CDATA[<p>Hey everyone!</p>
<p>Happy halloween!</p>
<p>Canday canday! YUM!</p>
<p>the &#8220;ay&#8221; in candy is extended for more candy then would be in the regular word candy.</p>
<p>anyways LOL!</p>
<p>I hope you guys are having an awesome weekend.</p>
<p>My group on facebook is growing by leaps and bounds and it hasn&#8217;t showed any sign of slowing yet!</p>
<p><a href="http://www.facebook.com/group.php?gid=33397981493">http://www.facebook.com/group.php?gid=33397981493</a></p>
<p>That&#8217;s the url if you have not joined yet!</p>
<p>So because you guys are subscribed to my blog I decided I&#8217;m going to go ahead and let you in on a special tool that I have been using for a while now to generate traffic to my website.</p>
<p>I&#8217;m going to tell my group about it sometime this weekend, but you guys get special treatment because your subscribers!</p>
<p>It&#8217;s called Twitterfeed.</p>
<p>Twitter feed allows you to connect your twitter to your wordpress blog.</p>
<p>Here&#8217;s how it works.</p>
<p>You login, enter your blog feed url.</p>
<p>If you do not know what that is just click on the rss logo in your own blog and copy the url in the web browser.</p>
<p>Then you enter the feed url, enter your twitter login info and BAM!</p>
<p>You&#8217;ve got automated marketing.</p>
<p>anytime you blog&#8230; everyone on twitter will know about it and see it!</p>
<p>So for me, 315 people following me on twitter will see this blog post right now.</p>
<p>the other cool thing I did was I added twitter in my facebook so that I blog.</p>
<p>Twitter followers get notified and then that updates my status in facebook so some people on facebook see it as well!</p>
<p>talk about chain-link-reaction marketing!</p>
<p>Pretty cool huh?</p>
<p>Here is the website.</p>
<p><a href="http://twitterfeed.com">Http://twitterfeed.com</a></p>
<p>Have an awesome halloween!</p>
<p>David King,</p>
<p><a href="http://twitter.com/dking88">Http://twitter.com/dking88</a></p>
<p>I am sure this post was kind of confusing&#8230; It&#8217;s a couple different methods in one&#8230; Once I get camtasia working again (having technical difficulties with my computer right now) I&#8217;ll make a video and show you guys exactly how i do it~)</p>
<p>So keep an eye out!</p>
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		<title>New facebook group: Authority website and web 2.0 Dominators!</title>
		<link>http://internetbusinessking.com/new-facebook-group-authority-website-and-web-20-dominators/uncategorized#utm_source=feed&amp;utm_medium=feed&amp;utm_campaign=feed</link>
		<comments>http://internetbusinessking.com/new-facebook-group-authority-website-and-web-20-dominators/uncategorized#comments</comments>
		<pubDate>Sun, 26 Oct 2008 02:22:15 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[authority site center]]></category>
		<category><![CDATA[authority websites]]></category>
		<category><![CDATA[blog and Rss feeds]]></category>
		<category><![CDATA[delicious]]></category>
		<category><![CDATA[digg]]></category>
		<category><![CDATA[facebook]]></category>
		<category><![CDATA[stumble]]></category>
		<category><![CDATA[twitter]]></category>
		<category><![CDATA[video]]></category>
		<category><![CDATA[web 2.0]]></category>

		<guid isPermaLink="false">http://yougottaseethis.wordpress.com/?p=477</guid>
		<description><![CDATA[Hey everyone!
How have you been?
I&#8217;ve been good especially tonight because Msu beat Michigan!
Finally!
I just launched a new facebook group entitled: Authority website and web 2.0 dominators~
The reason that I launched this group was to help marketers develop authority websites and use the power
of web 2.0 and social marketing to do it.
If you have any knowledge [...]]]></description>
			<content:encoded><![CDATA[<p>Hey everyone!</p>
<p>How have you been?</p>
<p>I&#8217;ve been good especially tonight because Msu beat Michigan!</p>
<p>Finally!</p>
<p>I just launched a new facebook group entitled: Authority website and web 2.0 dominators~</p>
<p>The reason that I launched this group was to help marketers develop authority websites and use the power</p>
<p>of web 2.0 and social marketing to do it.</p>
<p>If you have any knowledge on web 2.0, social marketing or anything &#8220;traffic generation&#8221; at all I encourage you to join: <a href="http://www.facebook.com/group.php?gid=33397981493" target="_blank">Authority website and web 2.0 dominators!</a></p>
<p>The reason I created this group was to gather together all of these expers in the traffic and web 2.0 arena and to clash them and develop an area where business owners can participate and learn what they need to and grow their business using web 2.0.</p>
<p>Things like facebook, twitter, youtube, digg, delicious, stumble, squidoo, video and blogs&#8230; Rss are all SO powerful!</p>
<p>I have generated to my blog using nothing but blog content, facebook, twitter, and links backlinks to my site.</p>
<p>I have not paid a dime to market this blog and have got quite a bit of traffic.</p>
<p>Please join this group and help give input and give advice and I&#8217;m sure that others will do the same for you.</p>
<p>I want this group to develop a community of people helping people.</p>
<p>that&#8217;s really what we need in the IM world.</p>
<p>A guru can only tell you so much, sometimes you just need advice from theat guy who knows this area or that subject very well.</p>
<p><a href="http://www.facebook.com/group.php?gid=33397981493">Join my group and Let&#8217;s get this party started!</a></p>
<p>David King,</p>
<p>Quick poll&#8230;</p>
<p>[polldaddy poll=1043513]</p>
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		<title>Open letter to the Financial Times: &#8220;Throw the Blackberry away and enjoy life&#8221;.</title>
		<link>http://internetbusinessking.com/open-letter-to-the-financial-times-throw-the-blackberry-away-and-enjoy-life/uncategorized#utm_source=feed&amp;utm_medium=feed&amp;utm_campaign=feed</link>
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		<pubDate>Tue, 21 Oct 2008 19:20:25 +0000</pubDate>
		<dc:creator></dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[andrew lahde]]></category>
		<category><![CDATA[financial times]]></category>
		<category><![CDATA[hedge fund]]></category>
		<category><![CDATA[hedge funds]]></category>

		<guid isPermaLink="false">http://yougottaseethis.wordpress.com/?p=471</guid>
		<description><![CDATA[Hey everyone&#8230;
I just read this letter from Andrew Lahde, he was in the hedge-fund business and has currently just said &#8220;i&#8217;m done working!&#8221;
I thought he made some good points&#8230;
Here is the letter&#8230;
Some of you are likely familiar with Andrew Lahde, whose Santa Monica-based hedge fund (which bet against the US sub-prime loan market) generated a [...]]]></description>
			<content:encoded><![CDATA[<p>Hey everyone&#8230;</p>
<p>I just read this letter from Andrew Lahde, he was in the hedge-fund business and has currently just said &#8220;i&#8217;m done working!&#8221;</p>
<p>I thought he made some good points&#8230;</p>
<p>Here is the letter&#8230;</p>
<p>Some of you are likely familiar with Andrew Lahde, whose Santa Monica-based hedge fund (which bet against the US sub-prime loan market) generated a 1000 percent return in 2007, making it one of the world&#8217;s best-performing funds of all time. He bowed out a few days ago in a (scathing) open letter to the Financial Times (below).</p>
<p>J<br />
______________________________________________________________<br />
Those who say &#8220;it can&#8217;t be done&#8221; are usually interrupted by those doing it.<br />
- Joel A. Barker</p>
<p>Letter: Andrew Lahde, Lahde Capital Management</p>
<p>By Andrew Lahde</p>
<p>Published: October 17 2008</p>
<p>http://www.ft.com/cms/s/0/128d399a-9c75-11dd-a42e-000077b07658,s01=1.html</p>
<p>Today I write not to gloat. Given the pain that nearly everyone is experiencing, that would be entirely inappropriate. Nor am I writing to make further predictions, as most of my forecasts in previous letters have unfolded or are in the process of unfolding. Instead, I am writing to say goodbye.</p>
<p>Recently, on the front page of Section C of the Wall Street Journal, a hedge fund manager who was also closing up shop (a $300 million fund), was quoted as saying, &#8220;What I have learned about the hedge fund business is that I hate it.&#8221; I could not agree more with that statement. 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.</p>
<p>There are far too many people for me to sincerely thank for my success. However, I do not want to sound like a Hollywood actor accepting an award. The money was reward enough. Furthermore, the endless list of those deserving thanks know who they are.</p>
<p>I will no longer manage money for other people or institutions. I have enough of my own wealth to manage. Some people, who think they have arrived at a reasonable estimate of my net worth, might be surprised that I would call it quits with such a small war chest. That is fine; I am content with my rewards. 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.</p>
<p>So this is it. With all due respect, I am dropping out. Please do not expect any type of reply to emails or voicemails within normal time frames or at all. Andy Springer and his company will be handling the dissolution of the fund. And don&#8217;t worry about my employees, they were always employed by Mr. Springer&#8217;s company and only one (who has been well-rewarded) will lose his job.</p>
<p>I have no interest in any deals in which anyone would like me to participate. I truly do not have a strong opinion about any market right now, other than to say that things will continue to get worse for some time, probably years. I am content sitting on the sidelines and waiting. After all, sitting and waiting is how we made money from the sub-prime debacle. I now have time to repair my health, which was destroyed by the stress I layered onto myself over the past two years, as well as my entire life – where I had to compete for spaces in universities and graduate schools, jobs and assets under management – with those who had all the advantages (rich parents) that I did not. May meritocracy be part of a new form of government, which needs to be established.</p>
<p>On the issue of the U.S. Government, I would like to make a modest proposal. First, I point out the obvious flaws, whereby legislation was repeatedly brought forth to Congress over the past eight years, which would have reigned in the predatory lending practices of now mostly defunct institutions. These institutions regularly filled the coffers of both parties in return for voting down all of this legislation designed to protect the common citizen. This is an outrage, yet no one seems to know or care about it. Since Thomas Jefferson and Adam Smith passed, I would argue that there has been a dearth of worthy philosophers in this country, at least ones focused on improving government. Capitalism worked for two hundred years, but times change, and systems become corrupt. George Soros, a man of staggering wealth, has stated that he would like to be remembered as a philosopher. My suggestion is that this great man start and sponsor a forum for great minds to come together to create a new system of government that truly represents the common man&#8217;s interest, while at the same time creating rewards great enough to attract the best and brightest minds to serve in government roles without having to rely on corruption to further their interests or lifestyles. This forum could be similar to the one used to create the operating system, Linux, which competes with Microsoft&#8217;s near monopoly. I believe there is an answer, but for now the system is clearly broken.</p>
<p>Lastly, while I still have an audience, I would like to bring attention to an alternative food and energy source. You won&#8217;t see it included in BP&#8217;s, &#8220;Feel good. We are working on sustainable solutions,&#8221; television commercials, nor is it mentioned in ADM&#8217;s similar commercials. But hemp has been used for at least 5,000 years for cloth and food, as well as just about everything that is produced from petroleum products. Hemp is not marijuana and vice versa. Hemp is the male plant and it grows like a weed, hence the slang term. The original American flag was made of hemp fiber and our Constitution was printed on paper made of hemp. It was used as recently as World War II by the U.S. Government, and then promptly made illegal after the war was won. At a time when rhetoric is flying about becoming more self-sufficient in terms of energy, why is it illegal to grow this plant in this country? Ah, the female. The evil female plant – marijuana. It gets you high, it makes you laugh, it does not produce a hangover. Unlike alcohol, it does not result in bar fights or wife beating. So, why is this innocuous plant illegal? Is it a gateway drug? No, that would be alcohol, which is so heavily advertised in this country. My only conclusion as to why it is illegal, is that Corporate America, which owns Congress, would rather sell you Paxil, Zoloft, Xanax and other addictive drugs, than allow you to grow a plant in your home without some of the profits going into their coffers. This policy is ludicrous. It has surely contributed to our dependency on foreign energy sources. Our policies have other countries literally laughing at our stupidity, most notably Canada, as well as several European nations (both Eastern and Western). You would not know this by paying attention to U.S. media sources though, as they tend not to elaborate on who is laughing at the United States this week. Please people, let&#8217;s stop the rhetoric and start thinking about how we can truly become self-sufficient.</p>
<p>With that I say goodbye and good luck.</p>
<p>All the best,</p>
<p>Andrew Lahde</p>
<p>What do you think? what points did he make that were good?</p>
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