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Will you buy timmay's hedge fund book?
- Thread starter ghostzapper
- Start date
This thread is unreal. How it continues is beyond me.
What meaningful drivel is there here in this thread? Some of you hate Tim, some of you love him and some of you don't care. Great. Now move on. I don't understand how so many of you spend so much time on this thread... don't you have more important things to do w/ your time? Is your life that shallow that you have spend time after time on an anonymous message board bashing a hedge fund manager? If you spent as much time on this thread as you did with your trading biz, you would see that this is a waste of precious time.
And if you are that great of a trader yourself, open a fund and take all of Tim's assets! That's how you REALLY take it to him. Some useless junk on a message board means nothing and Tim knows it. If nothing else, you are just keeping his book in front of every visitor on ET.
What meaningful drivel is there here in this thread? Some of you hate Tim, some of you love him and some of you don't care. Great. Now move on. I don't understand how so many of you spend so much time on this thread... don't you have more important things to do w/ your time? Is your life that shallow that you have spend time after time on an anonymous message board bashing a hedge fund manager? If you spent as much time on this thread as you did with your trading biz, you would see that this is a waste of precious time.
And if you are that great of a trader yourself, open a fund and take all of Tim's assets! That's how you REALLY take it to him. Some useless junk on a message board means nothing and Tim knows it. If nothing else, you are just keeping his book in front of every visitor on ET.
One last thing - in regards to fund performance, many of you obviously have no clue how funds are ranked and paid. Being #2 in your category is quite an accomplishment, regardless if the result is negative. Do your homework before you try to bash a fund's performance when the fund is showing good results.
Mutual funds are the same way. The fund managers are paid to beat their peers, regardless if the peers are down. That's how the pay system is.
So instead of acting like little children here, just go out and start your own fund and take in millions. There's a productive use of your time. Wasting away on this thread is a complete and utter waste of time and space.
Mutual funds are the same way. The fund managers are paid to beat their peers, regardless if the peers are down. That's how the pay system is.
So instead of acting like little children here, just go out and start your own fund and take in millions. There's a productive use of your time. Wasting away on this thread is a complete and utter waste of time and space.
Quote from brownsfan019:
I don't understand how so many of you spend so much time on this thread... don't you have more important things to do w/ your time? Is your life that shallow that you have spend time after time on an anonymous message board bashing a hedge fund manager?
Pot...Kettle....Black.
The irony is laughable.
Well, it is hard to deny that there is something of an adolescent-like fixation with TS among some of the posters here. I can understand posting to make a point and then debating over that point until it is resolved to the satisfaction of most of the readers. However, these TS threads seem to go a step further. Although I initially thought I would read the book, at this point, I don't believe I will do so. In the interim, I drew up a different reading list. Therefore, there is no bias in this post. So I think my observation is objective. Some of you guys are relentlessly trying to rip the guy a new one, such that if you had your way, he would be able to double as a wind instrument. Shouldn't you ask yourselves why? At this point, he is not a charlatan. Rather, he is something of an attention hound. Meanwhile, there are bona fide charlatans out there who desperately deserve the copious amount of scorn you have to offer.
Quote from ghostzapper:
http://www.elitetrader.com/vb/showthread.php?s=&threadid=96322
OK, you know timmay's hype and above is the link if you don't.
Simple question: Will you buy his book ?
I will buy his book if it is dedicated to HITLER
Total B.S. brownsfan-Dude, YOU have no clue! Hedge funds are NOT paid to beat their "fund category". Timmay is lying to you if he says he is paid fees to rank within some "Fund Category".Quote from brownsfan019:
.....in regards to fund performance, many of you obviously have no clue how funds are ranked and paid. ....Do your homework before you try to bash a fund's performance when the fund is showing good results.....
.......fund managers are paid to beat their peers, regardless if the peers are down.
Hedge funds collect performance fees only on real profits, with a running high-water mark to make up for previous losses. So, Timmay has to exceed those losses before he can collect his performance fee. (He also charges a 2% administration fee similar to Mutual Funds which is NOT contingent on ranking within a "category")
Of course Timmay does NOT make much money with his Fund because: 1) Timmay is the largest investor in the Fund and he does not make money from performance fees from himself, and 2) Fund is negative for past three years, and has lost a lot money throughout 2006 and 2007.
Quote from stussy:
Tim, that's like saying you are the smartest ONLY when compared to a bunch of retards. Do you really wanna go there?
Yeah it's the joke about the Special Olympics....
Q. What's better than winning a gold medal at the Special Olympics?
A. Not being in the Special Olympics in the first place.