Those were just his LEGAL bills. He made hundreds of millions in his hedge fund: https://en.wikipedia.org/wiki/Edward_O._Thorp https://en.wikipedia.org/wiki/Princeton_Newport_Partners Truly extraordinary: https://moontowermeta.com/founders-podcast-reads-ed-thorps-a-man-for-all-markets/ Almost forgot, he discovered Ken Griffin while he was trading from his dorm room (think Citadel)...
Hello ChipShotTrader, Thank you for the links! Yes, Ken Griffin is Marvelous man over at Citadel. Citadel made about $9.7 billion in trading revenues recently.
yeah. Tarrifs are prevalent. For example, there’s a reason Mercedes, VW, and BMW don’t make pick up trucks. and until recently you couldn’t buy Indian mangos in the US nor Harley Davidsons in India. the volatility in tarrifs are a problem. what’s your obsession with Cramer? He’s run an incredibly successful show for 20 years and has become a household name. Most people who make their money on Wall Street don’t do it by picking the right stocks. Only suckers do that.
A little bit of information can be a dangerous thing. https://www.cnn.com/2025/03/10/politics/trump-canada-dairy-tariffs-fact-check/index.html Trump either intentionally misleads, or outright lies to, the very people who idolize him. Tells you a lot about what he thinks of them.
Oh my god. You can’t make this up: “Additionally, these tariffs were negotiated during the United States-Mexico-Canada Agreement, which Mr. Trump signed during his first term. Canada's published tariff lists for 2020and 2025 show tariffs on U.S. dairy products have remained unchanged from the end of his first term through the end of President Biden's term. For example, both lists show the same tariff rate of 245.5% for any cheese products above the duty-free limit.” TRUMP NEGOTIATED THE TARRIFS!
Tariffs are something new to me. Just went to Cramer's Wikipedia: https://en.m.wikipedia.org/wiki/Jim_Cramer "As manager of his hedge fund, Cramer said he realized a "rate of return of 24% after all fees for 15 years," until he retired from the hedge fund in 2001. He self-reported a 36% return in 2000, at the peak of the dot-com bubble.[45] In January 2000, close to the peak of the dot-com bubble, Cramer recommended investing in technology stocks, and suggested a repeat of the stock performance of 1999.[46] In February 2000, the year in which Cramer said he produced a 36% return, Cramer said that there were only 10 stocks he wanted to own, and he was buying them every day. These stocks were 724 Solutions, Ariba, Digital Island, Exodus Communications, InfoSpace, Inktomi, Mercury Interactive, Sonera, VeriSign, and Veritas Software. He also dismissed the investing strategy of Benjamin Graham and David Dodd, and said that price–earnings ratios did not matter.[47] An August 20, 2007, article in Barron's stated that "his picks haven't beaten the market. Over the past two years, viewers holding Cramer's stocks would be up 12% while the Dow rose 22% and the S&P 500 16%."[48] Cramer was criticized for repeatedly giving erroneous advice during the 2007–2008 financial crisis. He recommended investing in Bear Stearns, Merrill Lynch, Morgan Stanley, Wachovia, and Lehman Brothers before the stocks fell in value significantly and several went out of business.[49][50] On August 8, 2008, before the climax of the 2007–2008 financial crisis, Cramer recommended investing in bank stocks.[51] On October 6, 2008, on Today, when the S&P 500 Index was valued at 1,056, Cramer suggested to investors, "Whatever money you need for the next five years, please take it out of the stock market."[52][53] Five months later, the market bottomed at 666, a 36.9% decline.[54] A February 9, 2009, article in The Wall Street Journal said that trading against Cramer's Buy recommendations using short-term optionshad historically yielded 25% in a month.[55] On February 8, 2023, Cramer recommended viewers to buy Silicon Valley Bank stock, just a month before its collapse.[56] On March 10, he praised First Republic Bank as a "very good bank" in a Twitter post.[57] First Republic's stock dropped by more than 80% in the days following Cramer's tweet and on May 1, it also collapsed, becoming the third and final bank to collapse in the 2023 banking crisis." PS. If you had a heart beat during that period, you made money (you know this). Cramer is interested in fame (I have met those types). I do give him credit for having the courage of showing up at the "Jon Stewart Show", after the 2008 financial crisis, in which he recommended EVERYONE TO LOAD UP ON BEAR STEARNS Stock. But you know why he did it, yep, FAME...
totally he did it for the fame and I’m sure the money has been pretty good (even if he doesn’t need it). Like I said, making money by calling the market correctly is the suckers way of doing it. that Jon Stewart episode was great. I think Cramer was ambushed, but he deserved it.
Much Better Information can be EVEN MORE DANGEROUS. I started riding my OneWheel in February 2022, and it enabled me to speak to people at gas stations, supermarkets, small businesses, etc. Something I am not used to... UBER Rides are amazing, as well! The drivers will tell you so much!!! These people are living paycheck to paycheck; they could care less about the stock market. They care about their bills, their rent, etc. And that's why Trump won by a landslide. These people (who vote), can't afford to have a stock portfolio!!! I bought the cashiers at my local supermarket premium steak to take home, last night. https://verdefarms.com/ Same as a steakhouse!!! You should try it! If you rely on CNN for news, you are an absolute fucking imbecile... Are you??? PS. Try it. Go to your local supermarket, buy the fanciest steak cuts (sirloin & filet mignon), and give it away to the employees (you got the money). VERY, VERY COOL EXPERIENCE!!!