I wanted to know why an actual author thought what he thought about the book. I asked him in a private email out of curiosity. I'm trying to understand why one would think the way that the author thought. I encourage you to buy his book actually, please do so.
Looks like another positive review for Tim: http://stocklogic.blogspot.com/2007/07/book-review-american-hedgefund.html My favorite part is "...In hindsight, Iâd say he managed his ego very well." LOLOLOL I love the guy, but he def. does not manage his ego very well!
Considering Tim is unlikely to sell more than 5k copies I'd say the battle is already lost. Those who dislike him are going to give his book bad reviews on Amazon and the book simply will not get sold. You guys should go out on your date before Tim wastes the rest of his money.
If he sell 5k or 10k copies of a self-published book, that would be a success. And it will get him on the talking-head circuit for the forseeable. If it's so easy to write a book, why don't you do one? And let us know how many copies yours sells..
I don't need nor want to sell a book because I have a lot of money and don't need to try and make money by writing a book. I never said it was easy you idiot. If Tim's book is about how hard it is to start a fund and make money with all the distractions of starting a fund and he still runs the fund while writing a book, how well can his fund really be doing? If Tim sells 5-10k copies and that's considered a success well then the publishing industry is even more pathetic than I previously thought.
It's not a question of the 'publishing industry' -- that can be summed up as: no one except Stephen King, Micheal Crichton & a few others make real money in royalties. What Mr Sykes can achieve by selling 5k-10k copies is mindshare (and the hundreds of posts on E'trader help him) sufficient that he'll be a credible pundit/talking-head on CNBC & the web.
Open your eyes and do some due diligence on him and you will see he was a flash in the pan during the bubble (like so many others), and since he can't make money trading, he's trying to snake oil his way to riches. 1.5% over the last 4+ years is all the proof you need....but if you want more, watch the Wall St. Warrior episode when he shits his pants and curses at his mother because he's losing $1000, then the very same night he's out to dinner with a pack of his jerkoff friends and he says "If I'm up or down $50,000 in a day, it's no big deal". If he's going to blatantly lie to his friends, what would he do to total strangers....especially when there's money involved? Sykes clearly has no moral standards....and ZERO credibility.
Does Ralph Acampora (as an example) have any "credibility"? But.. he shows up on the tube and in the print media all the time as an "expert" commentator. No one knows (or cares?) whether he (directly, or indirectly through his recommendations) makes any money, now or in the past.