Will you buy timmay's hedge fund book?

[SiSePuede!]

Quote from Thunderdog:

I suspect that you are right. However, I also suspect that some of the people who responded "Hell no" had a similar motivation in stirring up the hornet's nest. I think that a simple "no" would have been more credible. Are you "not going to buy the book?" Or are you "really, really, really not going to buy the book?" I'm guessing that both extremes, positive and negative, should be adjusted downward to arrive at a more plausible distribution.

But the point was that those who responded hell yes may have no interest in buying the book and those that responded "no" or "hell no" were probably genuinely uninterested in reading the book. This is about how many books he could sell, not how many he won't sell...or it could be that too.

His fund is all about how much money he's not making so why shouldn't his book sales be about how many copies he's not selling.

 

[Thunderdog]

Quote from SiSePuede!:

But the point was that those who responded hell yes may have no interest in buying the book and those that responded "no" or "hell no" were probably genuinely uninterested in reading the book. This is about how many books he could sell, not how many he won't sell...or it could be that too.

His fund is all about how much money he's not making so why shouldn't his book sales be about how many copies he's not selling.

Actually, I suspect that some of the "Hell yes" voters will not buy the book. I also suspect that a few of the "Hell no" voters will buy the book. You might say that they will be pulling a Ted Haggard. Just guessing, of course.

 

[EPrado]

Quote from Thunderdog:

The idea of a poll is to take a small, representative sample of a potential market and to draw conclusions regarding that population with the results of your small representative sample. That is the basis of market research. You cannot query the entire market, because it is cost prohibitive. That's why companies such as Procter & Gamble regularly do market research with carefully selected and relatively small sample sizes drawn from the population of potential customers, along with even smaller focus groups.

If you expect someone to poll 10 million people before bringing a product to market, then you are fairly misguided.

As I noted in a previous post, the poll results are likely to be quite overstated because I'm fairly certain that the respondents are not representative of Tim's entire market. The poll results are way too positive to accept them at face. If you think they are not good enough, then I really don't think that you know what you are talking about. I don't mean to be insulting to you or anyone else. I'm just being honest.

Not insulted at all......you make very good points and obviously know a lot more about it than me. I just didnt think a 35 % approval rating was any good.

 

[JimmyJam]

Quote from EPrado:

Not insulted at all......you make very good points and obviously know a lot more about it than me. I just didnt think a 35 % approval rating was any good.

Let's see:

1. You don't have a sense of humor and can't tell when someone is being tounge-in-cheek.

2. You're absolutely clueless about marketing and demographics.

3. No doubt, you can't write either.

So exactly why are you criticizing Timmy again?

LMAO

JJ

 

[SiSePuede!]

Quote from marketsurfer:

here's some more kudos for tim's book:

http://www.thestalwart.com/the_stalwart/2007/07/hedge-funds.html


Hedge? Funds
It's become clear to me that my conception of what a hedge fund is (or should be) has little basis in reality. See, when I think of a hedge fund, I think of a fund that has identified some discernible arbitrage opportunity, arising from investor bias or regulatory incongruity. Either that, or the fund's strategy is the practical application of some obscure finance paper, perhaps embedded into some software that trades automatically. This view, however, is a little too idyllic it would seem, since a lot of funds are simply uni-directional bets on a certain asset or derivative. In the case of the recent Bear Stearns fiasco, some are actually claiming that the fund wasn't a hedge fund because there was no, you know, hedge. Or take last year's big blowup, Amaranth:

But what gets me is that Hunter's trade was so mind-numbingly dumb, an unsubtle bet, like betting a lot of capital that oil doesn't go below $50 next year. It doesn't suggest a strategy of any depth. Further, his position size was large enough (40% of the NYSE outstanding contracts for certain gas futures) that, like Long Term Capital Management's volatility trade in 1998, or Victor Niederhoffer's 1997 losses at the CME, market makers exaggerated the price movement when they sensed that a big position was going to have to cash out. Nothing moves prices more quickly than knowing a big player is going to have to buy back, or sell out, of his position. So Amaranth's strategy was doubly dumb.

That's what really surprised me when I first heard about Amaranth -- I assumed that there must've been something more than just a bet on the price of oil. I figured that there had to be, as Eric Falkenstein put it, more depth. After all, why lever up on a simple bet like this, if it just means that you're levering down at the same time?



This book isn't just about making money; it’s an inspirational yet realistic look at the world of trading and startup hedge funds."

--Chad Brand, President, Peridot Capital Management, LLC and author of The Peridot Capitalist

“…a highly entertaining read, bristling with energy and passion. Tim possesses the rare gift of being able to teach market truths and entertain simultaneously. This book is a must read for all start up hedge fund managers and aspiring traders. It’s potentially the new Reminiscences of a Stock Operator as it's definitely a future classic in this genre.”

--Dave Goodboy


"If you love the markets, you will love this story."

--Microcapspeculator.net


“This is a great book about trading--I could hardly put it down! This is right up there with Confessions of a Street Addict as one of my all-time favorite books about stock traders."

--Fred Fuld III, Stockerblog.com


and these anonymous jokers on ET think they have influence?? give me a break!
surf

HEY RETARD! Why don't you admit this posted inappropriately and the source had nothing to do with Tim's book. The only thing that had to do with Tim's book was when he spammed the guy's blog trying to suck up for a review.

You're a moron marketsurfer.

 

[EPrado]

Quote from JimmyJam:

Let's see:

1. You don't have a sense of humor and can't tell when someone is being tounge-in-cheek.

2. You're absolutely clueless about marketing and demographics.

3. No doubt, you can't write either.

So exactly why are you criticizing Timmy again?

LMAO

JJ

Let's see where to start.

1. My sense of humor? I think its pretty damn good. I really dont know you or follow all your posts in Surf's thread...was a serious question. Sorry it was over your head.

2. I am a trader..have been for a long time. So I could give a rats ass about marketing. Just an observation on my part.

3. My writing is fine. Unlike you I dont feel the need to be longwinded and post cute little messages with different colors.

If you like the guy than so be it. I am calling him out for what myself and a lot of others think...being an ass. If you want to be a suck up be my guest.

Stay over in surf's thread..you will be a lot safer in there.

 

[JimmyJam]

Quote from PORNSTAR69371:

Look at what a fucking tool this guy is, scroll down halfway throgh the interview on this page

http://www.dealbreaker.com/2006/10/better_know_a_trader_timothy_s.php


where he is asked

"What is the worst character fault for a trader?"

and he responds,

"The need for "action" and/or the need for attention/recognition."

Another great quote from the book.

Thanks for sharing all of this free info Tim, I'll be sure to buy a copy when this bad boy hits the street.

You're gonna slay'em in the 18-34's, after all, they all wanna be you.

JJ

 

[EPrado]

Quote from JimmyJam:

Another great quote from the book.

Thanks for sharing all of this free info Tim, I'll be sure to buy a copy when this bad boy hits the street.

You're gonna slay'em in the 18-34's, after all, they all wanna be you.

JJ

Oh yeah....I want to fail at trading and be forced into another career. Sign me up.

Are you related to marketsmurf?

 

[SiSePuede!]

Quote from JimmyJam:

Another great quote from the book.

Thanks for sharing all of this free info Tim, I'll be sure to buy a copy when this bad boy hits the street.

You're gonna slay'em in the 18-34's, after all, they all wanna be you.

JJ

Were you touching your vag while writing that?

You shouldn't criticize El Prado for his writing as I'm certain he knows "wanna" isn't a word.

 

[JimmyJam]

Quote from SiSePuede!:

HEY RETARD! Why don't you admit this posted inappropriately and the source had nothing to do with Tim's book. The only thing that had to do with Tim's book was when he spammed the guy's blog trying to suck up for a review.

You're a moron marketsurfer.

So we're still waiting for your magnum opus SissyP, between you and EPrick I seriously doubt you could put together ten cogent pages. :eek:

Jimmy Jam