Hedge Fund Book

Thunderdog · Jun 25, 2007

Quote from optioncoach:

...I would estimate the wholesale value of the book is $40...

I'm guessing that you overestimated that number. If not, then it is certainly out of my price range for a "fun read."

Longhorns · Jun 25, 2007

Quote from optioncoach:

I would estimate the wholesale value of the book is $40

Anyone willing to pay $40 dollars for that book should also get 3 free throws at Timmy in a dunk tank.

TimothySykes · Jun 25, 2007

Quote from Longhorns:

The Schindler fund has it's own thread here and it's performance is updated every month...

http://www.elitetrader.com/vb/showthread.php?s=&threadid=77842&highlight=schindler

Obviously, Timmy doesn't want ET to see his track record (besides the two year time span that he regurgitates every chance he gets).

Well, they are bolder than I am because they are blatantly breaking SEC regulations. Here, learn:

http://www.greencompany.com/HedgeFunds/Marketing.shtml

Quote from optioncoach:

Millions from selling the book? Just do not get unrealistic expectations on book sales.

You would have to sell over 100,000 copies to make a couple of hundred thousand dollars on book sales. I would estimate the wholesale value of the book is $40 and 15% on average royalty is $6.00 a book. Subtracting any advances on royalties of course.

You will be surprised how small the investor reading market is compared to the general reading public.

Set the bar lower and be pleasantly surprised rather then expect 7 figures on a book without the word Potter in the title.

I'll make a friendly bet with you that by 2010, I'll have made $1 million in the book business. I'm telling you I am going to exploit this industry's market inefficiencies-- trading taught me, now I'm applying those lessons elsewhere. Seriously--its a friendly bet.

PS Just so you know what you're up against, this book will retail for $19.95...

El OchoCinco · Jun 25, 2007

Quote from Thunderdog:

I'm guessing that you overestimated that number. If not, then it is certainly out of my price range for a "fun read."

Not if it is hardcover. Hardcover books from Wiley cost a pretty penny full retail at $80 or so, but of course on Amazon you can get it for $45 - $50 minimum. Especially if it tops 300 pages.

Paperbacks obviously come in way less...

El OchoCinco · Jun 25, 2007

Quote from TimothySykes:

I'll make a friendly bet with you that by 2010, I'll have made $1 million in the book business. I'm telling you I am going to exploit this industry's market inefficiencies-- trading taught me, now I'm applying those lessons elsewhere. Seriously--its a friendly bet.

PS Just so you know what you're up against, this book will retail for $19.95...

You can make $1,000,000 if you sell 250,000 copies. All you got to do is market the shit out of it cause Wiley does nothing.

Not sure what inefficiencies you are referring to. Wiley makes a book and publishes it and we buy it. Only exploitation that exists is getting the book published at 1/3 the costs in an overseas market and selling it here at a normal price. Then you make a larger profit margin and keep all profits as long as you take the risks of publication.

$19.95...? If you are with Wiley and it is a hardcover, you dont set the price, they do. If it is a soft cover book and it is over 300 pages, I doubt 19.95 will be ful retail. Again if I am mistaken my apologies.

TimothySykes · Jun 25, 2007

Quote from optioncoach:

You can make $1,000,000 if you sell 250,000 copies. All you got to do is market the shit out of it cause Wiley does nothing.

Not sure what inefficiencies you are referring to. Wiley makes a book and publishes it and we buy it. Only exploitation that exists is getting the book published at 1/3 the costs in an overseas market and selling it here at a normal price. Then you make a larger profit margin and keep all profits as long as you take the risks of publication.

$19.95...? If you are with Wiley and it is a hardcover, you dont set the price, they do. If it is a soft cover book and it is over 300 pages, I doubt 19.95 will be ful retail. Again if I am mistaken my apologies.

Ahhhh, but you forget the most important piece to the puzzle--I rejected Wiley and am going with another publisher. It will not take me 250,000 copies sold to make $1 million, its far less--- god bless market inefficiencies, we'll just have to wait a few months to see if I'm right.

El OchoCinco · Jun 25, 2007

market inefficiencies or just good ol competition

. Also explains why the lower retail price since Wiley is EXPENSIVE.

Go with whomever offers you the biggest advance or royalty cut. Not sure that would be an inefficiency but rather beautiful competition.

But again.... do not overestimate the buying market.

Longhorns · Jun 25, 2007

Quote from TimothySykes:

Well, they are bolder than I am because they are blatantly breaking SEC regulations.

Why don't you post a link to your hedge fund so we can look at your performance? Surely your hedge fund has a website for potential investors to browse and inquire about fund information??

atticus · Jun 25, 2007

Reporting monthly returns is not in violation of any SEC regs for reg/unreg funds. Thousands of funds report to MAR, Barclay, etc., every month.

How is one to get performance vetted? Clairvoyance?

TimothySykes · Jun 25, 2007

Quote from Longhorns:

Why don't you post a link to your hedge fund so we can look at your performance? Surely your hedge fund has a website for potential investors to browse and inquire about fund information??

http://www.cilantrofund.com

Or if you're an accredited investor, you can find us on all the major databases.

Quote from atticus:

Reporting monthly returns is not in violation of any SEC regs for reg/unreg funds. Thousands of funds report to MAR, Barclay, etc., every month.

How is one to get performance vetted? Clairvoyance?

Performance may be posted on sites restricted to accredited investors. ET is not a restricted site and thus I can't discuss performance. Def. not my idea, but they are the rules...