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 An American Hedge Fund
Original Air Date: December 5, 2007
Listen in to part of the show!
When he was just a teen, Timothy Sykes took his approximately $12,000 in bar mitzvah gift money and turned it into $1.65 million. In his 20s, he founded a hedge fund worth several million dollars. Timothy talks with Jean about his success and about his book An American Hedge Fund. In his book, Timothy takes a realistic look at the world of stock trading and startup hedge funds, detailing the process of how he grew a small amount of money into millions. Timothy also talks about the difficulties facing emerging hedge fund managers. Timothy says it's important to be cautious with your finances. "I'm preaching conservative financial speculation," he says. "It is risky, it's very scary. I've lost hundreds of thousands of dollars in a day." Related Resources
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The information provided is general advice and is not intended to be legal advice; you should always consult your own legal and financial advisors before making major legal or financial decisions, including investments or changes to your portfolio. The opinions expressed by the hosts, guests and callers to Oprah & Friends are strictly their own.
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