Will you buy timmay's hedge fund book?

[Longhorns]

Quote from naifwonder:

How do you know how he attempts to depict himself in the book? Have you read it?

From what I have seen, most of the information floating around about this guy varies from place to place and his image is a creation of TV editing. Judging him based on that without giving him the opportunity to represent himself is also not the most intelligent move. He has chosen to represent himself in a book and given the circumstances, it may indeed take that many pages to properly do so.

Here is all the proof you need that Timmy is a fucking tool...

http://www.dealbreaker.com/2007/06/tim_sykes_once_lived_in_a_cram_1.php

Here are some excerpts from Timmy's book titled, "How to go from being a miserable failure as a hedge fund manager into a profitable career as a snake oil salesman....All while remaining a cocky douchebag".

1) “I was used to having my own space. Lots of it. I’d drawn a forced triple, which meant that I shared a room with two roommates instead of just one. The room was barely meant for two people, let alone three, so it was extremely tight and crowded. Early on, I banded together with one of my roommates whom I liked and we planned to irritate the third roommate into leaving. We toyed with him on a daily basis using such petty tricks as subscribing his email address to pornographic websites and spraying his sheets and pillows with Windex. After a few weeks, our operation succeeded and he moved out. My roommate and I celebrated our newfound space by throwing a party for the dorm.”

2) “I hated Tufts University from the start. The weather seemed colder than Connecticut. The girls were overwhelmingly unattractive.”

3) “My high school teammates loved my wins but were put off by my intensity. As a result I didn’t get captain; probably because they knew I’d work them as hard as I worked myself.”

4) “During pledge week, a brother called asking me to bring him two dozen eggs immediately. Unfortunately, I couldn’t bring him the eggs because I was in the middle of a trade and told him so. Apparently, that was the wrong answer and I didn’t get in. I made $1,500 on the trade instead. My trading still came first and I was willing to sacrifice my social life for it.”

Why would anyone need anymore proof of what a tremendous prick this kid is after just reading the part about ganging up on and abusing his roommate until the poor kid had to move out?

P.S.-- The part about not getting in the frat is hysterical. There's only one frat in the world that would take that jerkoff...
http://en.wikipedia.org/wiki/Lambda_Lambda_Lambda

 

[naifwonder]

Thank you Longhorns for that reply. I am glad that someone here is capable of properly supporting their argument. Since you provided excerpts from his writing as a basis for your opinions, I can now see that your opinions are not based on nothing. Is that from a book he actually previously wrote or an excerpt from the new book?

As for you SiSePuedge, here is my "rationale" for wanting to hear him out first. You state that an autobiography would be greatly biased which is not far fetched. However, are not statements made by those who hate the guy equally if not more biased? I am not endorsing nor denouncing the man. I just want to properly hear both sides before I make a decision. You have the right to classify that as density. I consider such an approach to be pivotal to objectivity and rationality.

 

[Kaempferrand]

1) “I was used to having my own space. Lots of it. I’d drawn a forced triple, which meant that I shared a room with two roommates instead of just one. The room was barely meant for two people, let alone three, so it was extremely tight and crowded. Early on, I banded together with one of my roommates whom I liked and we planned to irritate the third roommate into leaving. We toyed with him on a daily basis using such petty tricks as subscribing his email address to pornographic websites and spraying his sheets and pillows with Windex. After a few weeks, our operation succeeded and he moved out. My roommate and I celebrated our newfound space by throwing a party for the dorm.”

Well hopefully the roommate that Tim kicked out was a pain himself. If he was, yeah I would side with the idea of kicking him out. If not, then that would be totally uncalled for.

2) “I hated Tufts University from the start. The weather seemed colder than Connecticut. The girls were overwhelmingly unattractive.”

Never been to Tufts and never seen the girls there so I can't comment on that one. Maybe Tim is right or he didn't see them when during a full moon and five alarm ass burning tacos were served at the school dining room. What does that have to do with anything? I don't know. But hey there is a very successful fund manager who created a system that is based on the migration patterns of elephants in Africa. Explain that.

3) “My high school teammates loved my wins but were put off by my intensity. As a result I didn’t get captain; probably because they knew I’d work them as hard as I worked myself.”

Well many traders I know of are competitive yet all self-driven and not into team sports. Not saying all but many. Maybe that is another reason why we all like the idea of becoming independent traders since we don't have to answer, depend and need anyone for our own successes and accomplishment of goals.

4) “During pledge week, a brother called asking me to bring him two dozen eggs immediately. Unfortunately, I couldn’t bring him the eggs because I was in the middle of a trade and told him so. Apparently, that was the wrong answer and I didn’t get in. I made $1,500 on the trade instead. My trading still came first and I was willing to sacrifice my social life for it.”

Shit. I would do the same exact thing. Fraternity? Brotherhood?
My ass. Almost everyone would sell their mothers for a little bit of anything in these social organizations. Well unless you are Skulls and Bones.

 

[TimothySykes]

Quote from Longhorns:

Here is all the proof you need that Timmy is a fucking tool...

http://www.dealbreaker.com/2007/06/tim_sykes_once_lived_in_a_cram_1.php

Here are some excerpts from Timmy's book titled, "How to go from being a miserable failure as a hedge fund manager into a profitable career as a snake oil salesman....All while remaining a cocky douchebag".

1. Thanks for making me give everybody the weekly reminder--the quotes above are ONLY FROM THE FIRST CHAPTER OF THE BOOK. When you make $700,000 in a few months from trading during your freshman year, you're gonna get a little cocky-trust me. I wrote it as truthfully as possible--without regard to making myself look good. I am just as truthful throughout the entire book and I do this to make the point that there's no room for ego in trading. Learn from my mistakes.

Quote from EPrado:

Come on man...I am sick of hearing that it's the tv producers editing.....its the tv producer's fault. The guy is a self admitted egotistical prick. He admitted it on here.

Like I said on here earlier...either:

1) The Tim you see on TV is the Tim in real life...an asshole.

2) The creators of the show told him to act that way and portray himself as an asshole. If he agreed to this then he is a total schmuck.


Tim's "Wait until you read the book to judge me..I am not that person on tv" line is his attempt to get people to buy his book..thats all.

1. The producers didn't say anything, I readily admit that I played it up for the cameras--I was only supposed to be in one episode, but I wanted more air time to maximize my opportunities. I think I succeeded. Add that to a good deal of editing and presto--you have the character you see on TV. Reality TV is not reality.

With that said, I just received another great blurb from another highly respected financial blogger:

<B>"The book is fast-paced and keeps the reader wanting more. Great lessons for beginners, and pearls of wisdom for experienced traders. A new classic and required reading for traders and individual investors."
-- Faisal Laljee, Portfolio Manager and author of stocksandblogs.com</B>

 

[Longhorns]

Quote from TimothySykes:

With that said, I just received another great blurb from another highly respected financial blogger:
-- Faisal Laljee, Portfolio Manager and author of stocksandblogs.com</B>

Faisal Laljee?......Never heard of him.

Was he your old roommate who used to pick on helpless freshman?

 

[El OchoCinco]

Tim...... you are just shooting yourself in the foot using the words "respected" and "blogger" in the same sentence here.

Please....

 

[naifwonder]

Quote from TimothySykes:

When you make $700,000 in a few months from trading during your freshman year, you're gonna get a little cocky-trust me.

I would definitely have to agree with that. I just finished my sophomore year of college and when I first started trading, I also got arrogant. Eventually I went through a draw-down period, got smacked back to reality and matured out of it. I am sure that you have done the same Tim. Anyway, looking forward to the book.

 

[EPrado]

I see...so on your show those other fund managers weren' t REALLY fund managers. The specialist on the floor wasn't REALLY a specialist.



Uh huh.....

 

[EPrado]

Quote from Longhorns:

Faisal Laljee?......Never heard of him.

Was he your old roommate who used to pick on helpless freshman?

geez Longhorns.....he is another "Fund Manager" ....just like Tim.


It's funny how anyone who gives a good review is well respected.....a giant in the industry.

I would assume that if the New York Times decides to review his book they will give it a raving review in fear of losing their status as a major publication.

 

[Thunderdog]

That's it, you guys have convinced me. If the book does indeed retail for $20, then I shall buy it. Really.

I don't trade microcaps and I don't expect to do so any time soon, but I suspect that it will be a fun read. I have little doubt that the most vociferous detractors will be buying the book as well, at the very least to continue to poke holes in it. Admit it, guys. The truth will set you free.