Why don't you just give me a chance, I truly believe you're going to be pretty surprised.
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A review of Timmay's hedge fund book
- Thread starter timvodas
- Start date
Why don't you just give me a chance, I truly believe you're going to be pretty surprised.
Quote from Longhorns:
This is a perfect example of how dishonest you are (your snake oil spin is pathetic). We all know about your standard tag line "From '99-'02 I made a fully audited pre-tax sum of bla, blah, blah" so I'll focus on the years after that.
You did not have a "great" 2003-2005 (and just the fact that you think you did says alot about your trading abilities)....and 2006-2007 are obviously AWFUL.
Cilantro Fund results...
2003 +6.06% (S&P +26.39%)
2004 +20.37% (S&P +9.00%)
2005 +23.56% (S&P +3.01%)
2006 -25.83% (S&P +12.80%)
2007 -10.26% (S&P +4.00%)
I stand by my statement....YOU HAVE NOT MADE MONEY IN 5 YEARS. THAT IS THE TRUTH.
I think I see the problem here, its a basic math issue:Quote from TimothySykes:
Hahaha, I love how you contradict yourself in your own post. Tell me, is there a plus or negative sign in front of 2003, 2004, and 2005? Did I not demolish the S&P 500 in 2004 and 2005.
If in year 1 you make 25% and then in year 2 you lose 25% you are not back to break-even, you are below where you started (lost 6.25%)
You can't just add up all the yearly gains/losses because that assumes you start each year again with the same starting balance (rather then rolling the balance forward)
Starting with a base value of 100 this is how those percentages work out:
2003 +6.06% 106
2004 +20.37% 128
2005 +23.56% 158
2006 -25.83% 117
2007 -10.26% 105
Quote from GTS:
I think I see the problem here, its a basic math issue:
If in year 1 you make 25% and then in year 2 you lose 25% you are not back to break-even, you are below where you started (lost 6.25%)
You can't just add up all the yearly gains/losses because that assumes you start each year again with the same starting balance (rather then rolling the balance forward)
Starting with a base value of 100 this is how those percentages work out:
2003 +6.06% 106
2004 +20.37% 128
2005 +23.56% 158
2006 -25.83% 117
2007 -10.26% 105
Exactly Correct:
So, Grand Timmay Total Return since 2003 equals...........(drum roll please)...
5%
(only TOTAL of 5% earned in almost 5 years. Much better to use a checking account for that kind of return)