Do you watch Mad Money?

Hey Monkeys, 
I haven't watched Mad Money in a while, but yesterday I watched Mad Money. I thought the show was fairly interesting. I did some research on Cramer and he was a former HF manager, but he had some serious hiccups like telling people to hold Bear Stearns during the early parts of the financial crisis. 
 
Thoughts? 
Do you ever watch Mad Money or other similar investing shows on television? 
Do you watch it for entertainment or do you watch it for investing advice?  
Do you take his advice with a pinch of salt?  
What other investing/finance shows are good?

 
Best Response

Do you ever watch Mad Money or other similar investing shows on television? Sometimes, not often Do you watch it for entertainment or do you watch it for investing advice? NOT for investing advice, but for entertainment and general "keeping up" with the market news Do you take his advice with a pinch of salt? I don't take his advice unless it is general advice which everyone would agree with (things like investing in index funds before picking stocks) What other investing shows are good? The show right before it on CNBC, I don't know what it's called, but it's the same situation. Entertainment, market news, not for advice.

 

Well, he's successful in getting the eye of most of the students at least.

I wonder how accurate his guesses about stocks going up or down are?

People say that most of the time, his guesses are correct, but I never confirmed that statement.

 

A good point. I never observed that but I'll try keeping it in mind next time I see that.

If he is that influential that his statements can effect the stock prices (IF), then he must have been quite accurate initially when he started this show.

Maybe I can put "M = Mad Money Cramer" as one of the parameters in my next model. :P

 

His opinions are purely based on momentum stocks. He just re states the obvious with alot of 'noise' making your avg sheep investor perceive him as the 'know all'. Take everything he says with a grain of salt. He sure can talk though about anything under th sun and is really tight with Mr Eliot Spitzer...a man of many powers!

 
mrjohngalt:
I didn't like him at first... but he's growing on me. But trust me, I'd never listen to him for a stock pick - he just (as indicated above) chases momentum.

What do you guys think of Larry Kudlow (who used to do a show with Cramer?)

larry kudlow is crazy.

 

Amsterdam you must have some stock with Citigroup.

Overall Cramer knows his shit, however his show is meant to appeal to people with zero investment education so I am sure most of us feel the show is not telling us anything we do not already know.

Cramer found a market niche and is smart for pursuing it. He is brillant in that aspect.

 

Cramer is a populist that's all. His investment advice works in bull markets and gets people filing bankruptcies when the market reverses.

I love this excerpt from the Intelligent Investor that rips Cramer to shreds.

"In February 2000, hedge-fund manager James J. Cramer proclaimed that Internet-related companies “are the only ones worth owning right now.” These “winners of the new world,” as he called them, “are the only ones that are going higher consistently in good days and bad.” Cramer even took a potshot at Graham: “You have to throw out all of the matrices and formulas and texts that existed before the Web. . . . If we used any of what Graham and Dodd teach us, we wouldn’t have a dime under management.”

Here is the aftermath:

"See www.thestreet.com/funds/smarter/891820.html. Cramer’s favorite stocks did not go “higher consistently in good days and bad.” By year-end 2002, one of the 10 had already gone bankrupt, and a $10,000 investment spread equally across Cramer’s picks would have lost 94%, leaving you with a grand total of $597.44. Perhaps Cramer meant that his stocks would be “winners” not in “the new world,” but in the world to come."

Cramer is a joke.

 
aachimp:
Cramer is a populist that's all. His investment advice works in bull markets and gets people filing bankruptcies when the market reverses.

I love this excerpt from the Intelligent Investor that rips Cramer to shreds.

"In February 2000, hedge-fund manager James J. Cramer proclaimed that Internet-related companies “are the only ones worth owning right now.” These “winners of the new world,” as he called them, “are the only ones that are going higher consistently in good days and bad.” Cramer even took a potshot at Graham: “You have to throw out all of the matrices and formulas and texts that existed before the Web. . . . If we used any of what Graham and Dodd teach us, we wouldn’t have a dime under management.”

Here is the aftermath:

"See www.thestreet.com/funds/smarter/891820.html. Cramer’s favorite stocks did not go “higher consistently in good days and bad.” By year-end 2002, one of the 10 had already gone bankrupt, and a $10,000 investment spread equally across Cramer’s picks would have lost 94%, leaving you with a grand total of $597.44. Perhaps Cramer meant that his stocks would be “winners” not in “the new world,” but in the world to come."

Cramer is a joke.

Being realistic though, who actually tried to keep people out of internet stocks? Don't get me wrong, I don't think very highly of Cramer, but everyone was blinded during the bubble. Just look at some of the research analysts that don't have jobs anymore. Late 90's and up to 2000-2001 are outlier years. I don't think you can really reference them to make a point, be it good or bad.

 

they have a website that matches cramer picks versus the random picks of a monkey. i dont know if its a joke or not, but it seems legit (althought i dont see how they get a monkey to randomly pick stocks). The monkey was on par (or close to) Cramers return.

look it up on google.

 

did nobody see the is it Kelley sb or was it northwestern report about how ppl who watch his show, raise the price of his picks, and then they plummet to reality later on. He has become a real joke almost as much as Trump. His latest book is so stupid and simple.

Anywayz I do not think, Cramer is for people who do DCFs all day and know what multiples are, he tries to dumb it down to keep people in the "game" and learning. I gotta say he helped start my orginial interest in stocks before college so props to him.

I bet when hes using his real tools to analyze stocks he sounds much more intelligent.

Kudlow is awesome, the ultimate capitalist, he truly gives you that ultra right wing view.

I agree, I want to bone Maria big time too.

 

Just to get it out of the way, Becky Quick is the CNBC chick I'd like to hook up with.

Regarding Cramer, I don't know about his stock picking abilities, but what is excellent about the guy is that he educates the general public about how to evaluate companies.

Most people on this board are either in finance or in school for it...we know about multiples and cash flows and EPS. The average person doesn't know about this, or institutional investors or any of it.

So more power to this guy for at least scratching the surface and giving people a fighting to chance to educate themselves.

Also, Kudlow is a total capitalist, low-taxes, free trade...gotta love it.

 

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