SEASON 2, thursday TV WALLSTREET WARRIORS

years ago when cramer was dubbed "the best trader on the street", "frontline" went to his fund and did a show about him, does anyone have a recording of this they could post. it is probably interesting
 
Quote from marketsurfer:

nah, im quite thrilled with my present situation. no need to look anywhere else ever again.

surf:)
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Surf,

I hear you :)

I stayed single and played the field for 4 years after my last serious relationship. I hated it for the first year but really started to appreciate all the freedom and fun for the next 2 years, then I started to get bored with all the shallowness and after 4 years started to look again. Taking the right amount of time in between is very smart.
 
Watched season 1, it was entertaining. Sykes is a real piece of work. Some might even say a moral hazard waiting to happen. He reminds me of the guy that started the "I quit" thread as far as his trading is concerned. It amazes me that anyone would give him money to trade. When he was up on the day ($), he mentioned +$20-50, but when down it was 4 figures. Hopefully for his benefit it was creative editing.

Not sure if anyone picked up on it, but the guy that came to his place for the business meeting is the owner of tymora software.
 
Quote from Triple X:


A. - He is on TV, so wants to build himself up. Probably usually takes cabs to the airport, and rents a Camry not a Ferrari. I would do the same if I was on TV.
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Quite the opposite. If he is on TV, he should show frugality not extravagance. If you were an investor of his fund, how would you feel about the lavish spending he shows? How about the fact that his inability to come on time starts costing money?
Here is another observation. He knew he had the flight to Cairo, why did he waste an hour going home to change? Should have had everything ready to go once the event at Columbia University wrapped up. Because that is how it's done.


B. - He's 28 and manages 100's of millions (oooh I am jealous), He must be making several million a year and could afford to own the Ferrari and garage it. He could probably even afford the limo's everyday.
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Once again, you don't know any of this. All you can assume is 2 and 20. You don't even know if his fund is even profitable, in fact, the show is very vague about it. The management fee probably leaves him with a nice mid six range salary, that much we can assume. The expenses you see him incur are not out of his salary.
I find it very peculiar that someone with only a year as an I-banker has a private equity fund at 28 years old. The show and the guy are not telling the whole story and I definitely do not expect them to.
I can totally see a star I-banker pulling this off, as they do, but this guy obviously quit and then mysteriously got a completely generic private equity fund.


I would have liked to have seen more of the English/Pakistani girl from season 1. The only other trader they showed was Alex, but he was a piker compared to the girl, who claimed to be trading the Schatz and making/losing 100's of thousands a day. She was a bigtime trader (supposedly).
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You mean the same girl who now works for Fox Business Channel? I think that's all you need to know about her trading prowess.
 
Quote from Hydroblunt:

Quite the opposite. If he is on TV, he should show frugality not extravagance. If you were an investor of his fund, how would you feel about the lavish spending he shows? How about the fact that his inability to come on time starts costing money?
Here is another observation. He knew he had the flight to Cairo, why did he waste an hour going home to change? Should have had everything ready to go once the event at Columbia University wrapped up. Because that is how it's done.




Once again, you don't know any of this. All you can assume is 2 and 20. You don't even know if his fund is even profitable, in fact, the show is very vague about it. The management fee probably leaves him with a nice mid six range salary, that much we can assume. The expenses you see him incur are not out of his salary.
I find it very peculiar that someone with only a year as an I-banker has a private equity fund at 28 years old. The show and the guy are not telling the whole story and I definitely do not expect them to.
I can totally see a star I-banker pulling this off, as they do, but this guy obviously quit and then mysteriously got a completely generic private equity fund.




You mean the same girl who now works for Fox Business Channel? I think that's all you need to know about her trading prowess.
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Well, I would expect a 28 year old making bags of money to have a Ferrari and limo's, so we have a difference of opinion. That shows confidence to me, that he is sure things will continue going well. He did seem like a bright person, and obviously impressed someone at SSB; most of these hedge fund guys seem to start off with investments from their former employers.

Also, the show states he has 100's of millions under management. Even if it's only 100 million, and assuming he makes 0% ROI (improbable). That is still 2 million a year. A ferrari costs 150K

But that girl is obviously full of crap; what really gets me is how she is boasting how smart she is and how much money she makes, and then obviously quit trading within months of the show. Lying sack of sh*t. lol
 
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