Hedge Fund Book

[marketsurfer]

Quote from ghostzapper:

.

And yes, Tim is lying and I can easily prove it. But i'd like for him to admit it himself. [/B]

I have no argument that you may have been to sac's house and the others.... tons of people have what's the big deal? nice obfusication with the issue of calling tim a liar.

you claim you can prove he is lying about being at sac's house--- but you fail to do so. PROVE IT.

surf

 

[SiSePuede!]

Doesn't anyone else want to hear about how Tim lost ~$600K of the fund's(only his really since no one is dumb enough to give him their money) money buying into a pink sheet company?

 

[asap]

that explains why he's after the book business. he is trying to breakeven his balance sheet. in addition while he's authoring and signing autographs he's kept away from the trading terminal which also helps to keep afloat.

 

[Rodney King]

Quote from SiSePuede!:

Doesn't anyone else want to hear about how Tim lost ~$600K of the fund's money buying into a pink sheet company?

I have no axe to grind either way as to Mr Sykes's merits as a money manager, but.. this post illustrates a common error http://en.wikipedia.org/wiki/Hindsight_bias in that a decision that turned out poorly is -- after the fact -- characterized as ``dumb". Presumably not all pink-sheet stock purchases are ```dumb" -- after all, if you knew before, not after the fact that all pink-sheet stocks would go down, you'd soon accrue all the wealth on Earth simply by shorting them all. 'Tain't that easy.

 

[ghostzapper]

Quote from marketsurfer:

you obviously were not there... even as a waiter.

why the elaborate fabrications?

surf

Quote from marketsurfer:

I have no argument that you may have been to sac's house and the others.... tons of people have
surf

surf, you have significant mental issues. You have no argument that I was there ? The WTF is your above post ? "Yoiu obviously were not there " is obviously an ARGUMENT that I was there.

Jealousy is a bitch surf. Have tons of people been to the homes of Soros, Trump, Bloomberg, Castelli etc.
Come on "surf" tells us about the times you hung out w Lichtenstein and Castelli.

LMAO you jealous loser.

 

[Thunderdog]

Quote from TimothySykes:

...but why should I be content to only make $2/copy when I can make 4-6x that if I exploit the market's glaring inefficiencies?

I don't know anything about the publishing business. However, if you plan on making up to $12 per copy on a book that will retail for $19.95, as you had noted in a previous post, then it appears that you will be self-publishing. Just guessing, of course.

 

[SiSePuede!]

Quote from Rodney King:

I have no axe to grind either way as to Mr Sykes's merits as a money manager, but.. this post illustrates a common error http://en.wikipedia.org/wiki/Hindsight_bias in that a decision that turned out poorly is -- after the fact -- characterized as ``dumb". Presumably not all pink-sheet stock purchases are ```dumb" -- after all, if you knew before, not after the fact that all pink-sheet stocks would go down, you'd soon accrue all the wealth on Earth simply by shorting them all. 'Tain't that easy.

If you're supposedly running a hedge fund and you invest a large percentage of your fund's capital into an illiquid pink sheet, that is fucking DUMB.

I know more details, but that should be enough to clarify why what Tim did was DUMB.

Go look at CYGT and tell me if that thing is liquid.

 

[Rodney King]

Quote from SiSePuede!:

Go look at CYGT and tell me if that thing is liquid.

This betrays a very deep misunderstanding of how markets work. The fact that a security is illiquid doesn't make it unsuitable for a hedgefund. Indeed, hedgefunds are often the natural buyers of securities that offer an unusal risk/return profile as compensation for their illiquidity, mathematical intractability, or whatever. Hedgefunds are assemblages of capital from deep-pocketed providers who are ready, willing and able to assume risk. That's the whole point of the business. As long as your investors know you're involved in large blocks of pink-sheet stocks (or any other illiquid investment), what's the problem? It's not a widows & orphans investment modality. The investors are big boys, and you can be sure they'd have had no complaints had Mr Sykes's selection risen 10-fold or 100-fold rather than declining.

 

[EPrado]

Quote from ghostzapper:

surf, you have significant mental issues. You have no argument that I was there ? The WTF is your above post ? "Yoiu obviously were not there " is obviously an ARGUMENT that I was there.

Jealousy is a bitch surf. Have tons of people been to the homes of Soros, Trump, Bloomberg, Castelli etc.
Come on "surf" tells us about the times you hung out w Lichtenstein and Castelli.

LMAO you jealous loser.

Be careful.....marketsmurf might throw one of his big words at you. Or even worse, he might not give you an invite to the next Trader Monthly party. Noooooooooooooooooooooooooooooooo !!!!!!! Not that.


The guy is a pair of clown shoes.

 

[SiSePuede!]

Quote from Rodney King:

This betrays a very deep misunderstanding of how markets work. The fact that a security is illiquid doesn't make it unsuitable for a hedgefund. Indeed, hedgefunds are often the natural buyers of securities that offer an unusal risk/return profile as compensation for their illiquidity, mathematical intractability, or whatever. Hedgefunds are assemblages of capital from deep-pocketed providers who are ready, willing and able to assume risk. That's the whole point of the business. As long as your investors know you're involved in large blocks of pink-sheet stocks (or any other illiquid investment), what's the problem? It's not a widows & orphans investment modality. The investors are big boys, and you can be sure they'd have had no complaints had Mr Sykes's selection risen 10-fold or 100-fold rather than declining.

Okay, I'm sorry I was wrong...all hedge funds invest heavily in pink sheets and illiquid stocks. You're right. Oh yeah, and most hedge funds sink about 30-40% of their capital into illiquid pink sheets...of course...foolish old me.