An American Hedge Fund: How I Made $2 Million as a Stock Operator & Created a Hedge Fund [Paperback]

Timothy Sykes (Author)

Book Description

Publication Date: September 24, 2007

$2 trillion is invested in the hedge fund industry, and yet, due to industry regulations, the general public knows little about them. This book will change everything. Timothy turned $12,000 of Bar Mitzvah gift money into $1.65 million trading thousands of stocks from 1999-2002, managed the #1 Short Bias Hedge Fund from 2003-2006, starred in the television documentary Wall Street Warriors, and appeared regularly on CNBC all before the age of 26. It's been a wild ride. This `Rocky'-like story is the first realistic look at the world of stock trading and hedge funds-it will educate and inspire everyone.

Editorial Reviews

Review

"A clearly-written account of a natural trader coming of age, a Catcher in the Rye for traders. Highly recommended if you want to be or understand a trader." -- Aaron C. Brown, Executive Director at Morgan Stanley, Author of The Poker Face of Wall Street

"Sykes proves that in addition to his extraordinary gift as an entrepreneur he is also a very fine writer, able to communicate his dream and his reality with a forceful, compelling style that will find an audience among those who wish to understand the seeming conundrum of the Stock Market." -- Grady Harp, Amazon Top 7 Reviewer

"The most realistic portrayal of the risks, rewards, joys, frustrations, exhilarations and the depths of a trader's life since Reminiscences of a Stock Operator." -- Craig L Howe, Faulkner and me, Amazon Top 500 Reviewer

"This is the first book I'd give to somebody if I were trying to interest them in the stock market..." -- Greg Feirman, Founder and CEO, Top Gun Financial Planning

"Tim lays it on the line. The pain, the hunger, the glory, the brutality of trading in the trenches. Read this before you try to turn $12,000 into $2,000,000." -- James Altucher, President, Stockpickr LLC, Formula Capital, and Author of Trade Like a Hedge Fund and SuperCa$h

There's certainly a dash of Holden Caulfield to Sykes, but there's at least an equal part Larry Livingston, the trader in Edwin LeFevre's classic Reminiscences of a Stock Operator. -- Dow Jones Newswire

About the Author

Timothy Sykes is an American hedge fund manager and star of the television documentary Wall Street Warriors. His feat of turning $12,415 of Bar Mitzvah Gift Money into a fully audited pre-tax sum of $1.65 million while still in college landed him in Trader Monthly's 2006 "Top 30 under 30" and preceded his hedge fund, Cilantro Fund Management, LLC, being the #1 Ranked Short Bias Hedge Fund for 2003-2006 by Barclays. He is a regular CNBC commentator and has been featured on CNN, FOX News, Businessweek, MSN Money, TheStreet.com, CBS Marketwatch, Reuters, Institutional Investor, The New York Times, and The LA Times.

Product Details

• Paperback: 235 pages
• Publisher: BullShip Press (September 24, 2007)
• Language: English
• ISBN-10: 0979549701
• ISBN-13: 978-0979549700
• Product Dimensions: 8.9 x 5.9 x 0.8 inches
• Shipping Weight: 14.1 ounces (View shipping rates and policies)
• Average Customer Review: 4.1 out of 5 stars  See all reviews (82 customer reviews)
• Amazon Best Sellers Rank: #366,039 in Books (See Top 100 in Books)

More About the Author

Timothy Sykes, who blogs at TimothySykes.com, is the author of the book "An American Hedge" and the upcoming books "Blog Millionaire" and "How To Turn $12,000 Into $100,000". He turned his $12,415 Bar Mitzvah Gift money into $1.65 million by trading too many stocks while in college from 1999 to 2002, before he founded his hedge fund Cilantro Fund in 2003. He was named to Trader Monthly's 2006 "Top 30 under 30" as Barclays ranked Cilantro the #1 Short Bias Fund for 2003-2006 and has been the #1 ranked trader out of 50,000+ on Covestor 2007-2010. He starred in the hit TV show "Wall Street Warriors" and has been featured on CNN, ABC, CBS, CNBC, FOX, AOL Finance, MSN Money, TheStreet.com, Reuters, Businessweek, Marketwatch, Institutional Investor, Salon.com, The NY Post, The NY Times and The NY Observer.

Customer Reviews

Most Helpful Customer Reviews

224 of 239 people found the following review helpful:

1.0 out of 5 stars One of the worst Investment books I have read, November 25, 2007

By 

Bob "Bob" (Atlanta, Ga) - See all my reviews

This review is from: An American Hedge Fund: How I Made $2 Million as a Stock Operator & Created a Hedge Fund (Paperback)

I really do not like giving negative comments, but after reading the book and having been an active trader for over 6 years, I KNOW this book will not help anyone in their trading or yearning for insight or knowledge. I do not believe Tim is a very good trader, but was able to take advantage of a special time in history to accumalate great returns. He tries to argue that its the regulations of the hedge fund industry that hindered his ability to raise funds and hence limit his success. After getting stuck in a very bad Investment (not trade)his limited capital prevented him from taking advantage of other trades.........Well that was the blessing.

177 of 188 people found the following review helpful:

1.0 out of 5 stars Terrible Book, December 13, 2007

By 

N. Shetty "Nevins" (New York, NY) - See all my reviews
(REAL NAME)   

This review is from: An American Hedge Fund: How I Made $2 Million as a Stock Operator & Created a Hedge Fund (Paperback)

This is about nobody who spends the first half of the book trying to establish his credibility. He trades penny stocks, which pretty much sums up the book. I was looking for a book on the life of a hedge fund trader. Something similar to Monkey Business: Swinging Through the Wall Street Jungle (which is one of the best business books ever written). This book is definitely not like Monkey Business.

216 of 231 people found the following review helpful:

1.0 out of 5 stars Worst "Book" I Have Ever Read, November 22, 2007

By 

Trying to be helpful (New York, NY) - See all my reviews

This review is from: An American Hedge Fund: How I Made $2 Million as a Stock Operator & Created a Hedge Fund (Paperback)

I have been in the investment management business over 10 years now and have read a lot of very good books about the industry, its players, and how to be a better trader. I thought I might learn something interesting by reading this book. I was so wrong. It is poorly written and contains nothing of any interest or value. I cannot believe I wasted the time and money. I promise you will never read a worse book in your life. It should be used as a case study on narcissism in any psychology class and then as kindling for the holiday fire.