The jokes on doing the reverse of anything Jim Cramer says, seem to have more merit than you realize. I was just reading some findings by Steve LeCompte. -Regarding Jim Cramer's pupular cable TV show, Mad Money. After a six-month analysis, LeCompte reported that the stocks rated "sell" in the show's Lightning Round segment had gained more than twice as much as the stocks rated "buy"! LeCompte concluded with a remarkable finding: "His 'sell' recommendations in aggregate may outperform the market."
We did this almost twenty years ago with Mad Money, you had to be patient during the Briefing-com prints after Krammer touted stocks.
It was more like 15 years ago. he touted a company and the retail guys got the wrong ticker (they bid up some pink sheet name) he once touted a company that was a French power company that was unreadable.
I think he's a pretty amazing guy myself. It's not easy doing a show like that every night. I think the retail traders that talk sh*t about him perhaps are ones that lost money because they didn't know how to do their own dd, are too lazy to learn, or more than likely both. I think the pro's that talk sh*t are just jealous. (I'm sure that one will get some eye's rolling here, but whatever.) The guy's super intelligent, incredibly quick witted, has amazing energy, and he knows tons and tons of well connected people across every facet of this game we call the stock market. When I hear someone like Becky Quick talk candidly and say he is "genuinely a great human being"... I take that as gospel, because she's not the type to say something like that lightly. Don't get me wrong, I've made a few profitable trades shorting his picks back in the day, one of my favorites was Build-A-Bear. I shorted it while he was talking about it lol. I'll never forget. $29. 85.. 5000 shares. I covered a few days later at $26 and change. I don't think it's ever looked back either. Damn thing went to $8. There's a few more. I only remember BBW because... it's BBW lol... overpriced stuffed bears with an adoption certificate. Oh ... and Fitbit. That's another one I remember off the top of my head. I shorted that one too. I did get burned pretty bad on Decker once, the shoe company. #$$%%. Went to the moon. But all that said, and pa-leeeze, don't call me a fanboi... I DVR his show. And at some point during the week, at a minimum I watch his first 7 minutes. I don't care what ya'll say, most of you wouldn't recognize brilliance if it hit ya in the friggin head anyway, Cramer's a hell of an entertainer and a very, VERY, smart man.
And that is why I have called him the Howard Stern of finance. He is entertaining, smart, and has come into his own in 40 years in his field of operations. So he gets things wrong from time to time. So has Stern. Hell, everybody does. But at least he, like Stern, has owned up to his mistakes in his later years. They have both become "seasoned". Unlike Cathie Woods, who now has an inverse fund on her, the SARK. So go ahead all you haters, fade Cramer's charitable trust. Let's see who wins in the end.
Cramer is typical wall-street... Sell your mothers gold teeth if profit is possible. He has no great knowledge or insight. He has contacts and a microphone! November 30, 2021 https://rumble.com/vq1795-jim-crame...-military-to-declare-war-on-unvaccinated.html At some point, the financial and big-business "celebrities" will learn money can also be made by doing the right thing, rather than... because.
Can you name a single person on Wall Street who is NOT typical Wall Street? And don't you dare mention Buffet. He's a freak who has been filing tax returns since he was 12 YO. No human does that, ever. He is the epitome of Wall Street.
Buffett is typical wall street. He has been wrongfully lionized. His strategy is buy-and-hold and he used to be good at it. Now then, I may not agree with the philosophy, but I'm sure there several people involved with ESG investing and associated companies that are not typical wall street in the context as being discussed.