It’s been a whopping four days since we’ve mentioned Tim Sykes and it goes without saying that everyone’s jonesing for a hit. So we shot an email over to INHD’s biggest star to ask what was a poppin’ and his reply was a curt, “Not much.” This dismissive email obviously got our blood boiling and were about to respond with, “We will destroy you,”—reality factors little into our day to day lives, delusion highly—when Timmy fired a longer, more acceptable missive into our box.
“Sorry,” he wrote, “I was just editing my Wikipedia page. Anyway, get your DVR ready, I’m on CNBC tonight for an entire hour this time, discussing my picks with their celebrity guest Willie Garson…Also check out my new site: http://www.timothysykes.com.
I have all my dealbreaker articles up there and I put my entire financial library on the site so people would stop asking me what books to read. I think I should also probably start selling Timmayy! t-shirts.”
First of all—probably? The word is “definitely,” Timmy, and you know that just as well as we do. Secondly: Do you people comprehend the tide-shifting event that’s about to occur in T-8 hours? Tim Sykes and John Carney: on CNBC at the same time. Just the other day we were remarking, “We don’t want to live in a world in which television shows featuring Hedge Fund Guru Tim Sykes and John Carney, Esq. don’t exist” and, tada! DVR-worthy, indeed. It goes without saying that we’ll be doing a recap of the whole thing on Monday with Celeb Trader/Commentator/Arch-nemesis Stephen Collins. (Something about keeping your enemies closer…and bringing the Dealbreaker community one step closer to Jessica Biel, who apparently has a rather impressive portfolio).
Also, Tim recommends that you read Jim Cramer’s You Got Screwed!, and shares that he is “currently working on a book that promises to enlighten the world about the greatly misunderstood hedge fund industry.” We don't remember asking for a tell-all Re: Stevie Cohen's turbulent and all too brief tenure as a member of Hell's Angels but, apparently, we're going to get it. Excerpts TK.
(Apropos, a bit of housekeeping: INHD is currently casting season 2. Interested? Get in touch with us, we'll get you in touch with them, and in a few short months, you could following in the footsteps of this guy. Once in a lifetime opportunity, as they say.)
Posted by Bitch, Whine, and Moan , Mar 16, 2007 1:55PM
Again, his fund down -40% in the past 8 months and finished 2006 down -26%. He's also down -8% this year, thru Feb.
Where's the FOCUS and DISCIPLINE?
Posted by The Corner , Mar 16, 2007 2:30PM
Jessica Biel's portfolio, are those B shares or C shares?
Posted by anonymous , Mar 16, 2007 2:57PM
u freaken idiot, sykes can't do anything right now because his portfolio is tied down with CYGT. so he made a bad investment, it happens
Posted by Bess' Boy , Mar 16, 2007 3:00PM
Tim (above), shouldn't you be looking for more bad investments or more of your parents money to put in your "hedge fund", as opposed to defeding yourself on dealbreaker comments surrounding your post.
Posted by Tanner , Mar 16, 2007 4:26PM
Love the T-shirts! I have a few quirky ones myself!
Posted by The Baxter , Mar 16, 2007 4:29PM
Cripes, are we suposed to be impressed that he has his own Wikipedia entry? As if...
Posted by Bulging Bracket , Mar 16, 2007 4:51PM
Corner: I believe that she's a b-share owner thanks to her current love of being insanely buff. http://thesuperficial.com/2007/02/jessica_biel_scratched_her_boo.html
She used to be a c-share owner, and had a much better balanced portfolio. Now she's too heavily invested in the rippling muscle asset class. Perfect if you like your women to be rugby players like Michelle Rodrigue does.
You can see the cover of that photo shoot here... http://en.wikipedia.org/wiki/Image:Jessica_Biel.jpg
MUCH better portfolio!
Posted by Booyanana , Mar 16, 2007 4:53PM
Holy crap! You gotta give Timmmmay his props for shameless self promotion.
Love him, hate him, or, um, hate him, you know he will have his own hour on CNBC by the end of the year.
Posted by Anonymous , Mar 16, 2007 4:54PM
That has to be the worst track record that I've ever heard of. That's worse than Amaranth. That's worse than Kidder Peabody. Can anyone think of any "hedge fund guru" who has lost as many basis points as this guy has?
As for his financial library. Well, there's no better excuse for not having read a book than to own it.
Posted by A monkey , Mar 16, 2007 4:55PM
Woo Ha! Thanks for that, BB.
That IS what monkeys like to see!
Posted by The Corner , Mar 19, 2007 9:14AM
Bulging Bracket, that is one of the best series of due diligence that I have ever witnessed. Thanks for the insight brother.
Posted by Trader , Mar 19, 2007 1:49PM
Has anyone done an overlay of his fund's performance with CYGT?
Posted by Ouch , Mar 19, 2007 5:19PM
My bold prediction is that timmy will be selling seminars, coaching or running a chatroom since he cant trade himself out of a paper bag
Posted by RumoMonger , Mar 20, 2007 11:36PM
Rumor has it that Timmay will be driving a taxi cab.
Posted by Sykes Idiot Luck , Sep 03, 2007 4:27PM
"Lucky Idiot/Sykes Luck has Run-Out"
I've read the advance copy of Sykes "book". DO NOT BUY THAT SNAKE OIL CRAP unless you like seeing a hyper idiot self-destruct......
Nothing of value in this book for any serious professional....
His "Fund" is down over -36% since Jan2006.
Posted by Sykes No Idiot , Sep 11, 2007 6:44PM
Only problem with the last post is that the guy hasn't read Tim's book or else he woulda realized Tim admits and details his mistakes for others to learn from!
Posted by Sykes:BadTrader/WorseWriter , Sep 11, 2007 7:05PM
Just finished free advance copy of Sykes book. Nothing of substance..really disappointing.....
Glad I did not waste money on it, but sad I wasted time reading it. It was boring to see that "Tim admits and details his mistakes"...
Sykes:BadTrader/WorseWriter
(We like you as a person...OK, but the truth musr come out!)
Posted by Johnny , Sep 16, 2007 9:56PM
Wow, Tim, did you fuck one of these guy's wife or something?
Posted by , Sep 17, 2007 1:42AM
Where did you ever get that witty style with pros?
Posted by , Sep 17, 2007 6:42AM
Sykes hedge fund continues to underperform throughout 2006-2007, he has not yet learned from his mistakes, and this Sykes book will not teach you anything about the market.
Posted by SykesBookNotWorth$20 , Sep 17, 2007 5:57PM
I purchased Sykes book and read it over the weekend. It is a poorly written life story of a failed trader who has fallen on hard times. This book is basically like a blog of an average person who got lucky trading stocks (which it really should be - blog and nothing more).
Beware of all the phony glowing reviews for Sykes Book. Its the good ole boy network in high gear where authors/investment advisers use the buddy system to give fake good reviews to each other.
Book NOT worth $20!
Better bet is to buy book - Millionaire Traders by Kathy Lien. At least you will learn something. OR Curtis Faith's book.
(I like Tim, and hope he eventually finds a career through which he can succeed).
Posted by SykesBookWorth$200 , Sep 23, 2007 1:56PM
I just finished it and this is what I think it's worth. Timothy details thousands of his trades, many of which I can relate to. It'll definitely save me $200 in trading losses over the next week
Posted by SykesOnCrack , Sep 23, 2007 2:05PM
SykesOnCrack:
"...MyBookWorth$200..."
SykesOnLithium:
"...I must stop losing OPM...my book is way to make me badly needed money because of Fund losses..."
Posted by MoreSykesLiesAtAmazon! , Sep 23, 2007 2:11PM
SYKES STOP LYING at AMAZON BLOG:
More Sykes Lies:"Yes, my hedge fund is off its highs, .....I am glad to say that the bleeding has recently stopped."
Wrong!: Sykes/Cilantro continues to lose investors money throughout summer 2007; DOWN again during Aug2007 and DOWN again Jul2007;
Down over-37% since Jan2006 is much worse than "...my fund is off its highs..."