Tim Sykes’ Book – It’s Actually Good

As I got his first rough-draft book for reviewing in the mail, I almost threw it in the trash like I do most of the promotional books I get. They’re usually something along the lines of “Make Millions Without Lifting A Finger” or some equally outrageous (yet unrealistic) title.

Tim’s book “An American Hedge Fund: How I Made $2 Million As A Stock Operator & Created A Hedge Fund” caught my eye because of the title and the fact that he is only two years older than I am (he is 26 now).

I started to simply skim through the book, but to my surprise it was actually quite an interesting read! His book described how he would work out of his dorm room in college (which sounded very familiar to me) and trade stocks. I did this too once, although not near to the level he got. Sometimes he would gain as much as $130,000 in ONE DAY!! Needless to say I was very enthralled by the story:

From $12,000 in Bar Mitzvah money, Tim turned that into about $1.65 MILLION in less than 3 years! I was a little skeptical about him claiming to be a big shot money guru, because he traded during volatile times in the stock market. Impressive none-the-less, but I feel a truly seasoned money professional can make money throughout every type of stock market (like TheKirkReport.com), but Tim wasn’t even old enough to have experienced more than 1 or 2 types of markets.

Surprisingly he didn’t tout himself as a big-shot money guy, but it shows the reader about his absolutely risky trading habits which luckily paid off for him. Of course turning such little money into so much money still takes lots of skill.

While I was in New York I got a chance to meet up with Tim, and he’s quite the cool character! We met up at the really slick W Hotel bar called WetBar (sorry, I forgot to get a picture) and started talking about all his ventures. Really cool guy. He now has his own web series with his own camera crew and everything on MSN Video and TheStreet.com, plus has been on CNBC many times, interviewed cool people like Richard Branson and has done some very interesting skits to teach people about stocks.

I told him he was going to be the Bill Nye the Science Guy of stocks one day because he makes his lessons informative yet interesting at the same time.

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One of the other things that fascinated me about this kid was instead of him publishing his book through a big publishing house, he decided to start his own publishing company to release his book. This caught my attention, because I love it when people embark upon an industry they know little to nothing about and succeed in it. So instead of going with a big publishing house and getting very small returns per-book, he can go through himself (and Amazon.com) and make a large sum per book. I love it!

If you haven’t heard about Tim Sykes by now, I have a feeling you’ll be hearing a lot more about him soon. I do know one thing though, his personality is a love-him or hate-him type. We were supposed to attend the Trader Monthly 30 Under 30 party while I was in New York, and Tim actually got DIS-INVITED!!! HA!!

Apparently the previous year he showed up in a bath robe to the party (which I think is completely hilarious and a nice break from the stuffy suits that always show up).

Check him out.

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    Blog posted on: October 2, 2007

    12 comments on “Tim Sykes’ Book – It’s Actually Good

    1. Anonymous

      From the emails dis-inviting your buddy:

      Response from Randall Lane the next day :

      ‘Tim,

      Acclaim comes with performance. While you’ve been busily self-promoting, your track record this past year for yourself and your investors has been pitiful. Laughably horrid. If you ever again become a real trader, rather than ignore the hard work required to instead play one on tv, you’ll be welcome in our community. Until then, including today, we will have nothing to do with you, as we celebrate those who actually perform versus those who pretend to.

      Nev, sounds like you and Tim are two peas in a pod….two egotistical jerkoffs who keep score using the wrong metrics. Someday you will figure it out…

      Reply
    2. Anonymous

      No he wont, he’s practically studying the book written by another jerkoff who acts just like him.

      It’s like a fat person getting weight loss advice from and even fatter person.

      Reply
    3. Jon Toral

      Ok, I just recently learned of this guy, Tim Sykes, and have visited the web site he set up, read his book , and watched a few of his idiotic appearances on various news outlets such as CNBC. This is HILARIOUS.

      Tim, if you are reading this, listen up:

      Much of what I’ll say is redundant but you know NOTHING about what you claim to know about. You are a rank amateur who has learned enough surface information about an industry so as to come across as being knowledgeable enough about it to teach to others. The only people that take you seriously are complete newcomers to this game that know next to nothing, because to a complete amateur you sound like you know what you are talking about. You have learned enough about trading to pretend and claim to have traded and that’s about it.

      Trading your parents money via an online retail account is not a fund, but is laughable. Your story is just that, a story. “I turned my 12k bar mitzvah money into 2 million”. It reads like bad spam I get in my inbox but the journalists eat it up like cake. Your web site is hilarious because you are an enormous idiot and I will continue to visit it for free laughs. I wonder if you know how stupid you are or if you have truly convinced yourself that you have learned something valuable enough to write about?

      Reply
    4. Anonymous

      Timothy Sykes is a hypocrite.

      After I discovered severe corruption at Eurostat, the statistical office of the European Union, I wrote a fully documented message detailing the allegations, which I posted on Timothy Syke’s website.

      In a very short time, my message was deleted. When I contacted Sykes, his excuses ran the gamut from “the file size was too large” to “the message doesn’t fit the theme of our website” to “you don’t write good enough”.

      Timothy Sykes is not a prophet who exposes “manipulative forces at work in companies, the media, ANALysts, etc.” as he proclaims. Timothy Sykes is a liar who probably works *for* the manipulative forces as a facade of opposition.

      If you would like to receive a copy of my message about corruption at Eurostat that includes graphics, please contact me.

      Jeffrey W. Bowyer
      jbowyer@seznam.cz

      Reply

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