Jim Cramer
I’m curious to hear what the WSO community thinks about Jim Cramer. Is he a total fraud, or nah? Sometimes you hear him bark out some wildly unsubstantiated claims, but I haven’t really taken the time to look into his money management background to see what type of success he had. Would be interested to hear what people think.
Jim who?
Haha, good one.
Best he can do when applying to the masses I think. He has some good ideas, some bad. I've read a couple of his book and taken some things from them; good when you're first starting out. He does preach "buy and homework", which I think most people tend to overlook.
Like any other service product/industry, if you do good work for one person, they will tell one person. If you do bad work for one person, they will tell five people.
Yeah, I get that his intended audience isn’t solely finance professionals, etc. But, it seems like a lot of his stock picks are based on sweeping generalizations, as opposed to technical, precise insights.
Apparently he used to be an ok fund manager. Now he's just a TV personality and talks about the markets like it's still the 90s, so I'd steer clear of him.
entertaining but harmful to your financial wellbeing
I find this applicable to all cable news/cable news personalities
Almost all of his shows can be found in archives, but occasionally the recordings are mysteriosly unavailable. I found this out doing a case study... I can't remeber which company it was; if you are looking back at his past performance than you must consider that some horrendous picks have been removed from the public archives.
This paper on impact of his recommendations was published on the Journal of Investing around 2012: http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.608.1119&rep=r…
He caters to his audience, can't blame him for that. Only real value for anyone on the institutional side would be occasional snippets from management.
Deleted.
Idk what this has to do with anything but I really like the song!!
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