Jerry asked:
I find it disturbing that Jim Cramer makes a mockery out of investing, which is a serious business. His stock picking accuracy is nothing special. In fact I lost money listening to him. Why doesn’t he realize that he is no stock picking genius and that he can cause harm by touting individual stocks to the general public?
Ferrari
Sphere: Related ContentI find it disturbing that Jim Cramer makes a mockery out of investing, which is a serious business. His stock picking accuracy is nothing special. In fact I lost money listening to him. Why doesn’t he realize that he is no stock picking genius and that he can cause harm by touting individual stocks to the general public?
Ferrari
Tags: Accuracy, Blowhard, Investing Business
December 29th, 2008 at 8:23 pm
He’s no worse than some others - just more flamboyant. Its up to investors to do their own deciding and not just follow media experts.
December 31st, 2008 at 9:40 am
I have done really good with some of his picks. I bought Toyota and Tim Horton’s and several other stocks based on his comments. Remember you need to make sure you do your own research before buying.
January 1st, 2009 at 11:50 pm
He is entertaining and helps people stay motivated. His stock picks are HORRIBLE.
January 3rd, 2009 at 7:16 pm
First of all…..Cramer has had a few VERY successful business ventures of his own that got him where he is today. His stock show is for informative purposes and it’s HIS opinion on different dealings. When you deal with a STOCKBROKER, it’s also only HIS opinion on what will happen. There are many people out there that take the advice of others for stock information. If you’re at ALL knowledgeable about the industry, you know you should do your own research and figure out what is going to be the best investment for yourself and your situation. Just hearing Cramer talking about this company or another is NOT the way you should pick stocks. That would be foolish, which I believe is what you are if you do. Not to mention that when you pick stocks, you’re also playing with money that could possibly be gone in a flash if that company folds. If you’d like a somewhat safer venture, look at a no load mutual fund over the long haul.
And just to let you know….I’m not for or against Cramer. He’s on the tv to catch the audience with his antics and to get people excited and thinking about investing. He’s giving his advice on what he believes. If people are dumb enough to follow it without using common sense, then it’s their own fault.
January 6th, 2009 at 7:48 am
because THE BOOK>>> HOLY COW THE BOOK… buy the book… *Beep beep beep* load up the truck and buy the book.
in all seriousness…
I don’t believe his intent is to mock investing. However, because he is in the entertainment industry now. His job is to attract viewers that cnbc can then sell advertising space for during his show… oh yeah and to market his own publications
At one time he ran a very scessful hedge fund… he definately understands the market and how to invest. But his primary focus is on selling his book and advertising space.
agreed… he can do significant harm to the average investor that wants to get rich trading stocks in his spare time without the education to realize the risks.
excitement sells.
January 8th, 2009 at 9:31 pm
Cramer had many years of stable experience beating the market above average at his fund. I think the guy is only trying to share his expertise. I don’t think his common stock mistakes are due to a lack of research, but to the instability of the market. Even the best investor on Earth, Warren Buffet is having trouble managing his portfolio.
January 11th, 2009 at 1:47 am
Cramer’s show does affect stock prices in after hours. Probably the few that benefit from his picks are those that daytrade in after hours while watching his show.
January 11th, 2009 at 7:10 pm
haha I buy stocks and two months later he recommends them its time to sell they go down after the recommends them!!
January 13th, 2009 at 8:42 am
He’s a good teacher for a novice investor to the point of learning the basics of investing. Don’t know anyone else who has taken the approach to teach non-professionals.
If you listen to his show about the “how to invest” and ignore his “what to invest in” advice, you will be as good of an investor as he or any other “pro”.
January 14th, 2009 at 8:07 am
jim was one of the best and with one of the biggest brokerage houses there was ….but because of his contract with nbc he could only own ge stock and no others… just a few years prior to working for the brokerage house ,,, jim was living in a car in san diego
January 16th, 2009 at 7:27 am
I have a lot of respect for Cramer. When you are going to buy a house you don’t listen to someone who is renting, you listen to a homeowner; and in the stock market Cramer is a great landlord.
I have never bought or sold a stock advertise on his program, but when I am slacking or going down, I turn on his show; and believe me, watching a guy of his age with so much energy and motivation becomes an “upper” to go back in the saddle and do the homework!
Regardless of his picks or calls been right or wrong, not anybody can get in front of a tv camera 5 days a week for an hour and put up a show like he does, week in and week out! He not only say “buy” or “sell”; he gives you a reason, is up to you to debate the reasoning or agree with it. At least you have an additional perspective and a point of view and that’s what it is all about!
We as traders, don’t have too many options available every day to watch. The few ones we have, we should protect them and/or make them better; not fight against them!
January 19th, 2009 at 2:50 pm
Yes, he is. You need a investment theme as you only need to make a decision once every decade. Energy and precious metals are the place to be for the foreeable future. 30% per annum since 2001.