he he he..."Big Backers for the Future". Let us know when you are not the single largest investor in your own "Fund". Maybe these serious/accredited investors will invest in your "Fund" sometime "in the Future"... (Maybe TudorJones will invest in your Fund.....he he he he.....)
There's nothing wrong with being the largest investor in your fund. But I'll let me book, or actually my book's latest review from Amazon.com's #7 Reviewer do the talking: AN AMERICAN HEDGE FUND Timothy Sykes 5 stars Understanding Success: A Primer for Understanding the Stock Market Timothy Sykes steps into the forum of books on Hedge Funds with one terrific advantage: Sykes shares his initial interest, his development, his experience, and his successful creation of a Hedge Fund that made him a millionaire and an acknowledged expert in the field of Finance by age 26! In his book, AN AMERICAN HEDGE FUND, Sykes proves that in addition to his extraordinary gift as an entrepreneur he is also a very fine writer, able to communicate his dream and his reality with a forceful, compelling style that will find an audience among those who wish to understand the seeming conundrum of the Stock Market. Sykes relates this resource book on understanding finance in a personal, autobiographical manner. His tone, while always serious, manages to be light and wholly understandable, no small feat for a subject as daunting as Hedge Funds. For example, the lead-in page of this book offers no fewer than five definitions of the term Hedge Fund (and for those of us for whom the language of high finance is most foreign, this is a kind introduction!) and then proceeds to âteach usâ about the Stock Market by relating his own fascination and initial experiences all the way through his success as being a manager of his own Hedge Fund. It is intriguing material, eloquently written, and so user friendly that it would be nearly impossible to complete this book without a substantial grounding in a subject once alien to the masses. Some authors, when writing about their own success stories in a field many find strange, tend to toot their own horn to the extent that ultimately dismissing the book as yet another âbrag book of the American Dreamâ results in shelving an unfinished bit of boredom. This is most assuredly not the case with Timothy Sykes: it is the humanity with which he shares his experiences, good and bad, that keeps our attention and gradually encourages emulation. This is a fine little book, overflowing with information, and delivered like a gift to the reader. Highly recommended. Grady Harp, Amazon Top 7 Reviewer
...he he he he... "Big Backers for the Future"...Let us know when you are no longer the single largest investor in your Fund. Reality Check for "Big Backers for the Future": Timmay Audited Performance(3/2003-6/2007): Compounded Annual Return: 1.52% (underperformed money market rates, with much higher risk) Timmay Fund Sharpe Ratio (Annualized): -0.06 (may as well bet on coin flips; or give up and go on TV/self-publish etc)
This kid's such a joke... posting on ET during market hours... underperfoming money markets... yeah taking $20k or whatever to a mill + is an accomplishment I guess, but back then the markets were giving out free cash money by the bundle. You could recognize buyers and sellers back then Timmy, good job. Right now, though, the market is giving out free cash money too with this volatility - but Timmy is too busy defending his book on ET to be noticing it and trading the volatility. That's probably because he sucks too much to make any $$$ from the free gifts being given to us daytraders daily by the blessing of institutional panic. Timmy you're in my book not a trader, so kindly shut the fuck up and get off this forum as you're a snake oil salesman. You have nothing worth writing about, no one cares about your failed experiences, why you were trying to run clients money into pink sheets, etc. You're lame, go away and get a life please. Thank you.
Thanx for posting on my thread--if you don't want to hear what I have to say, don't read it. There's plenty of people who do and it's for them that I've written this book. As for posting on ET during market hours--I take pride in every single thing I do; when people are calling me a liar, snake oil salesman, fraud, you better be damn sure I'm going to educate them as to the facts. As for not being a trader, you haven't the faintest idea of how I trade and since you have no desire to learn, you're in no position to comment what I am and am not. As for getting a life; thanks to all my success, I've lived too much--now it's time to help others learn from my experiences. That is my life now.
Even a top 10 reviewer's opinion won't mean shit when you get slammed with 1 stars. don't worry about that. Also, would I be correct in assuming that Grady Harp #7 Reviewer has no fucking clue about trading or hedge funds?
Haha kid you're such an arrogant prick it's funny. Anyone with any intellect who has taken the time to go through this thread has seen how you have been repeatedly bitched out so many times by people so much smarter than you who can see through all your bullshit, for such an extended period of time, and how you have shown us again and again that you are a weak character - how, as a result, no one bothers to seriously respond to you anymore except for people whom you can hustle (con?) with your bullshit, you snake oil salesman. Your rhetoric has become spam at this point; real hedgefund managers don't spam, but money losing (yes, your returns are below that of a risk free T-bill, thus a money losing investment, no matter how much you like to compare yourself to other funds "in your category"). The fact that you're posting on ET during market hours means you're not seriously pursuing trading. I don't know about your trading style, but if you can't make consistent money month after month on a small capital basis. On 500,000 of BP even a decently experienced daytrader (anyone who has, say, lasted as lon gas you have) should be able to get a return of .5%/day. So even on 1.5 million, if you make $2500 daily for 240 days you still make $600,00, which would be a good return). So your performance sucks period. I can do better than you and I haven't even been trading a year, so it's especially easy for me to see through your bullshit. You could have made 30%/year during the last 4 years chasing market shorts with a legal product to circumvent the uptick rule. But you didn't have that much skill. You couldn't even beat risk-free investments! You keep trying to relive your glory days - it's your NET return that matters, and if you have 6 mediocre/lame years and one year where your stupidity cannot be stopped and have shown us that you can bleed slowly an amount of money that a lot of people (who are actual, good traders) can easily double. Your act is so lame and gay because you hide behind "YOU CAN'T JUDGE ME, READ MY BOOK!" and "I CAN'T TALK ABOUT MY FUND'S PERFORMANCE PUBLICLY, I'M A SERIOUS HARDCORE FUND MANAGER," and I think I speak for most of ET when I say that kid you're really starting to become an annoying little douchebag. Please back off with the spamming and stop showing us all how lame you are. You think you're a special little snowflake. You're just an arrogant punk who has nothing special to offer trying to peddle bullshit as a desperate attempt to save ego. I'm calling you out on not being worth shit and not having anything to write about. The fact that you're starting your own publishing company is absurd, too - you won't have anything else to publish after this book! Kid no one will want to read what you have to say. Good day.
Wait, wait, let me respond with Timmy's rhetoric before he gets a chance. "I'm not writing this book for the average poster on elite trader. The #7 reviewer is just one example of people who know little about trading yet felt I helped them understand what a hedgefund manager does by reliving my experiences and sharing both the ups and downs." --- Timmy, you love these people rubbing that clitoris of an ego of yours - a '26 year old expert in finance," lmao, trading stock badly with huge risk and low returns is not finance douche! Obviously your book doesn't make that distinction very well.
Actually not bad considering....when you compare to negative returns on the funds operated by Bear Stearns, Goldman Sachs, and the late Sowood.