Millionaire Hedge Fund Manager - 26yr old Timothy Sykes

[Rick89]

timothysykes . com

Timothy Sykes is a former hedge fund manager, featured in the reality television show Wall Street Warriors, and is author of the book, "An American Hedge Fund". Through investment, Sykes grew his $12,415 Bar Mitzvah gift money into a total of $1.65 million during the period from 1999-2002 while he was pursuing his Bachelor's Degree in Philosophy from Tulane University. In early 2003, Sykes founded Cilantro Fund Management LLC, a hedge fund based in New York City. The fund was ranked number one Short Bias Hedge Fund for 2003-2006 by Barclays.

What do you guys think of him?

[Rick89]

Timothy Sykes - Stock Trader, Author, Entrepreneur

[akula]

What do you guys think of him?

same thing as i think about all other traders

" If there's 10,000 people looking at the stocks and trying to pick winners, one in 10,000 is going to score, by chance alone, a great coup, and that's all that's going on. It's a game, it's a chance operation, and people think they are doing something purposeful... but they're really not. "

Merton Miller, Nobel Laureate and Professor of Economics, Univ. of Chicago, Transcript of the PBS Nova Special,"The Trillion Dollar Bet"

" After taking risk into account, do more managers than you'd see by chance outperform with persistence? Virtually every economist who studied this question answers with a resounding "no." Mike Jensen in the Sixties and Mark Carhart in the Nineties both conducted exhaustive studies of professional investors. They each conclude that in general a manager's fee, and not his skill, plays the biggest role in performance." [the higher the fee, the lower the performance "

Eugene Fama, Jr.

[Rick89]

So you think he's a fake?

[akula]

what do you mean "fake"?

[byzantium]

Hedge funds typically rely on luck. George Soros, the king of the hedgies, has been ratted out as relying on guessing to produce his results. Soros is at a point where he can force the market to go whichever direction he wants it to. Warren Buffett, on the other hand, has a real system that produces superior results year in and year out. All Buffett has to do is plug a stock into his equations and ask a few simple questions before he decides what to do. The system is in the Buffettology books. Investing with a hedge fund is no different than going to a Vegas casino's VIP room and betting millions on baccarat. That's why hedge investors have to be approved by the SEC before investing, it's to protect average Joes from losing all their money.

[Aletheides]

same thing as i think about all other traders

[I]" If there's 10,000 people looking at the stocks and trying to pick winners, one in 10,000 is going to score, by chance alone, a great coup, and that's all that's going on. It's a game, it's a chance operation, and people think they are doing something purposeful... but they're really not. "

Ditto........