??? um what... "mainstream" meaning the general public (the novice investors), not big fund managers. no shit big fund managers have no reason to watch cnbc. cnbc is one of the only things out there right now. until fox comes out with something better. and nobody is whining except you :eek: . your attitude is perfect for a tv show however. there's nothing wrong with him, you just don't like him because everybody else doesn't also. maybe this is also reflective of your "lets copy whatever other traders are doing" mindset when it comes to trading/investing.
he had ssveral successful funds. He still manages money...so he makes money there. if i were him...i would exactly the same thing. I promise CNBC is paying him quite well. Running a fund is tough...and with a family you dont want to come home a market zombie for the rest of your life. It looks like the show makes him happy and keeps his spirits up. I say kudos.
I shouldn't post when I'm drunk anymore.....although I do like my "Cramer is the George Clooney of investing" analogy. Whatever that means..
was a response to the previous post, where he compared cramer and investing to george clooney and politics. cramer has been in the market for how many years? and how long has clooney been in politics?
his funds returned over 26% yoy over the life of the funds..that is VERY good. Last i looked his picks were right around 50/50..which is better than most. Stock picking is not what this game is all about nor is it buy and hold. so you cant just lookat the basket over time. there is an ideal entry, exit, and target on each...these things are not on the show. come to think of it, they should talk more about risk control, and setting stop losses.
yea but i think he wants the focus of the show to make people aware of the mindset they need to develop in order to manage their own money. and how to follow a company and evaluate companies/industries. it's not a fast money show, which is what most on ET like, which is totally understandable since that's a different type of show. a lot of people here just jump on the "bash cramer" bandwagon. it's kind of boring since they sound like drones saying the same things over and over.
dac8555 said: his funds returned over 26% yoy over the life of the funds..that is VERY good. true. that's *trading* - not investing. some would say, and i'd agree with them, that much of cramer's skill was in 'gaming' inefficiencies in the market which can't be done anymore (thanks to regulations) and purchasing information (which he's admitted to getting upgrades in advance either on thestreet.com or in his book, i forget which) in advance. i'd give him credit for hiring good traders. but also, you can read in his book how one of his best years was almost solely because of his wife - while he was selling everything in oct 98 and posting on thestreet how the sky was falling and to get out of everything, his wife was triple (?) margined the company going long. dead on. > Last i looked his picks were right around 50/50..which is better than most. that's not 'better than most'. and 50/50 - or worse - is fine if you let your winners run and cut your losses. he has the OPPOSITE view - cut most of your winners, and double down on losses. and in his past, he's talked about how he doesn't believe in 'stop losses'. his action alerts portfolio - which is INVESTING - has been below the market indices during most of its 5 year run. and that's not including when the portfolio was reset soon after it was created....because it was down so much. there's a quote from thestreet years ago, which i've posted on ET somewhere, where he (cramer) writes an article about how you (person at home) can invest better than he can, but he can outrade 'you' because he has access to information you don't and can trade on the upgrade before 'you' can. if you think he's still getting that kind of information now, i've got a bridge to sell you...
yea that's all true but he's not a bonehead because some of his picks are huge losers. there's always things to learn. why not look at his good picks and see why they are good picks, or his bad picks see how they are bad and avoid mistakes like that in our own trading/investing. his show is about encouraging people to get involved, nobody here can say he is unsuccessful at that at least. people just dismiss him or hate him because of his personality. if people really hate him because of his picks...then i guess they got burned.. on fast money all those guys have different opinions than the other. why aren't people here criticizing them?and they each lose equally. is there a bandwagon for that.