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Post by Norbert on Feb 4, 2023 6:46:43 GMT
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Post by chang on Feb 4, 2023 7:35:06 GMT
Interesting read, especially his personal bio. While his initiative and zeal are admirable, his life story and persona, taken as a whole, seem somewhat repugnant. Not the kind of person I’d care to know, or invest with. His never (or rarely) admitting a mistake is particularly troublesome.
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Post by Karen on Feb 4, 2023 13:22:26 GMT
Fascinating article! Thank you so much for posting it.
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Post by roi2020 on Feb 4, 2023 19:41:46 GMT
This is a good story. I was always skeptical about Jim Cramer. He appeared to be more of an entertainer than an "investment guru." This article mentions several terrible recommendations (Tesla, Bear Stearns, FTX, Meta) made by Mr. Cramer. Unfortunately, he often wasn't held accountable for his blunders. The CramerTracker Twitter account was created in November 2021 for the sole purpose of tracking Jim Cramer's stock recommendations so that investors can take opposing actions.
From the CramerTracker creator:
"He decided to analyse the performance of the stocks Cramer recommended between 2017 and 2021 – his 12,564 individual calls – and compared them to the simultaneous performance of the S&P 500. The analysis showed that Cramer’s picks underperformed the S&P by around six percentage points. Not horrific, by any stretch, but far from stellar. ‘A little bit closer to the market than I would have anticipated,’ he said."
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Post by catdog on Feb 5, 2023 1:48:27 GMT
I remember listening to Cramer on the radio in 2002. He was on every afternoon at about 3pm. He already had the noise makers, rattles and spinning wheels that he used on CNBC. At the time he was very popular with young impressionable investors and college students. Might be a stretch but it reminds me of some of the new investment platforms like robinhood. I remember getting sucked into the .com bubble myself. Live and learn.
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Post by Norbert on Feb 5, 2023 8:46:24 GMT
It's interesting how Cramer loved Sam Bankman-Fried (FTX) and Elizabeth Holmes (Theranos), but didn't see the potential of Elon Musk's Tesla. He has terrible judgement.
Why does CNBC give him a show? He's a clown.
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Post by bobfl on Feb 5, 2023 13:34:14 GMT
It's interesting how Cramer loved Sam Bankman-Fried (FTX) and Elizabeth Holmes (Theranos), but didn't see the potential of Elon Musk's Tesla. He has terrible judgement. Why does CNBC give him a show? He's a clown. There is a fund that buys the opposite of what he recommends. I have to turn him off when he appears because I don't like his presentation style.
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Post by uncleharley on Feb 5, 2023 13:48:45 GMT
It's interesting how Cramer loved Sam Bankman-Fried (FTX) and Elizabeth Holmes (Theranos), but didn't see the potential of Elon Musk's Tesla. He has terrible judgement. Why does CNBC give him a show? He's a clown. They give him a show because he is a clown. The audience tunes him in for entertainment and CNBC can sell Ads.
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Post by johntaylor on Feb 5, 2023 14:55:25 GMT
One definition of his show title "mad money" is a small amount kept aside for frivolous use, so perhaps he slipped in a disclaimer?
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Post by johntaylor on Mar 11, 2023 23:10:36 GMT
"Following the collapse of the Silicon Valley Bank this past week, investors remembered being recommended to purchase the stock by CNBC’s Jim Cramer during his show Mad Money last month in what is perhaps one of the worst stock buy calls in the host’s history. Cramer made the call on February 8th when he explained that the bank was a high performer..."
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Post by mnfish on Mar 17, 2023 13:30:50 GMT
Recent articles - Cramer says BTC is going away and Woods says it's going to $1m - So it's probably gonna be somewhere in between.
Another one is Kudlow, who I must admit I like listening to sometimes. However,
Kudlow in the Fall of 2007 - "“Despite all the doom and gloom from the economic pessimistas, the resilient U.S economy continues moving ahead quarter after quarter, year after year, defying dire forecasts and delivering positive growth.” Looking ahead to 2008—when the entire U.S. economy came crashing down and millions of Americans lost their jobs, and banks, automobile makers and mortgage lenders had it be bailed out to the tune of hundreds of billions of taxpayer dollars—he said “we are about to enter the seventh consecutive year of the Bush boom.” Anyone who thinks otherwise, he added with flair, “are going to wind up with egg on their faces.”
Kudlow recently - “I know the media is constantly reporting a new financial and banking crisis. I don’t know if that’s true,” “I don’t know if we have a true financial crisis. I think what you have is one particularly rogue bank. That being Silicon Valley Bank that did crazy things.” "I’m telling you, they’re going to have to raise rates more because the economy is strong,” Kudlow declared.
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