That’s the tagline of the book “An American Hedge Fund”. The author, Timothy Sykes, mailed me an advance uncorrected proof of his book for review. The book is due to be published October 1st, 2007. I’ll try to read and review the book within the next 2-3 weeks. I’ll then hold a little contest to give out the book.
The book details how Timothy Sykes used $12,415 of his bar mitzvah money into 1.65 million from 1999 to 2002 hence his nickname “The Bar Mitzvah Boy”. One of his promotional plans seems to be “The Sykes Media Frenzy Plan” which is sending out tons of advance copies to the blogosphere.
Awww yeah, the finance genre will never be the same again!
BEWARE: Do Not Let Tim NEAR your MONEY!!
Cilantro/Sykes Hedge Fund Audited Performance SUCKS BIG TIME (3/2003-6/2007):
Compounded Annual Return: 1.52% (underperformed money market rates, with much higher risk; better to buy CD’s than lose with Tim)
Cilantro/Sykes Fund Sharpe Ratio (Annualized): -0.06
(may as well bet on coin flips; or do as Tim Sykes and sell out and go on TV/self-publish etc)
BEWARE: SYKES SUCKS(in many ways)!!