Most respectable traders I've met online.
Most true experts regard him as a joke.
I'd rather listen to someone like TokyoJoe, he has 10 times the trading skill than Cramer.
MaxDepth
Diamond Member
- Jun 12, 2001
- 8,757
- 43
- 91
The pressure of managing a fund got to him. He was very successful but it finally got to him and he had one of those Jerry Maquire moments (although he wasn't fired, he just quit.)
He makes his money from speaking engagements, his money shows on TV and radio. Probably manages his wife's/kids' funds. Basically a conservative in the market.
Wall Street Week on PBS is a mess. Their "good buys" or dumps are old news by the time they report on it.
Wall Street Journal TV is much better in terms of highlighting tax breaks and financial planning
EDIT: Like any "how-to" TV show, the person is an "expert" in the field and trys to bring their skills down to the level of the common guy. Like Norm on the "The Yankee Workshop" where he builds a neat piece of furniture and explains it step by step on how to do it. Now, the common person does not have all those tools nor the workshop space or free time to do the project exactly like ol Norm does. So your project will probably look a little different. YMMV. This is the same with Cramer's show. A joke? Perhaps by his peers who believes his estimates are off or maybe they're just plain snobs. (e.g. "How dare someone try to make our jobs seem uncomplicated or easy to do. No common man is or will ever be as skilled as us.") I mean some woodworkers look at Norm, not really as a peer but more of as a TV talking head. No really art or desing, more of a copy person. So...
He makes his money from speaking engagements, his money shows on TV and radio. Probably manages his wife's/kids' funds. Basically a conservative in the market.
Wall Street Week on PBS is a mess. Their "good buys" or dumps are old news by the time they report on it.
Wall Street Journal TV is much better in terms of highlighting tax breaks and financial planning
EDIT: Like any "how-to" TV show, the person is an "expert" in the field and trys to bring their skills down to the level of the common guy. Like Norm on the "The Yankee Workshop" where he builds a neat piece of furniture and explains it step by step on how to do it. Now, the common person does not have all those tools nor the workshop space or free time to do the project exactly like ol Norm does. So your project will probably look a little different. YMMV. This is the same with Cramer's show. A joke? Perhaps by his peers who believes his estimates are off or maybe they're just plain snobs. (e.g. "How dare someone try to make our jobs seem uncomplicated or easy to do. No common man is or will ever be as skilled as us.") I mean some woodworkers look at Norm, not really as a peer but more of as a TV talking head. No really art or desing, more of a copy person. So...
MikeyIs4Dcats
Lifer
- Nov 5, 2001
- 18,366
- 3
- 0
you are "well connected" because you talk to traders online? That's like me saying I'm an IT guru.
He makes interesting points, but is generally a bit off topic. I think its impossible for him to really know about all the companies he's hyping.
A good example is last week I saw him hyping Seagate, because the hard drive industry will improve with drives being used in MP3 players and DVRs, etc. But that isn't where seagate really shines over other drive manufacturers -- they are big in the server segment of the market, not the cheap stuff that would go in a DVR, or the high capacity that will be needed when DVRs are recording in HDTV. Maxtor would be a better pick given his reasoning.
So what he says might give useful pointers, but you have to really think about it, and not go with EXACTLY what he says.
A good example is last week I saw him hyping Seagate, because the hard drive industry will improve with drives being used in MP3 players and DVRs, etc. But that isn't where seagate really shines over other drive manufacturers -- they are big in the server segment of the market, not the cheap stuff that would go in a DVR, or the high capacity that will be needed when DVRs are recording in HDTV. Maxtor would be a better pick given his reasoning.
So what he says might give useful pointers, but you have to really think about it, and not go with EXACTLY what he says.
What would you define as well connected?
I know personally some of the top online traders. Big time guys.
I've worked in the investor relations industry.
I was posting on Silicon Investor as early as 1997.
I know all the histories. All the names. All the stories. I watched the whole trading boom of the late nineties from start to finish.
And I've been a trader myself for 6 years.
So what in the hell would you define as "connected" if I do not fit that description?
MikeyIs4Dcats
Lifer
- Nov 5, 2001
- 18,366
- 3
- 0
wildebeasts..FTW!!
seriously I can't imagine looking at someone and thinking 'oh yeah...wildebeasts procreating'
Originally posted by: JLGatsby
Originally posted by: Taggart
HAHAHA you're a douche
Jealous!! AHHAHA
yeah, I'm jealous of someone that brags on a fvcking message board :disgust:
MikeyIs4Dcats
Lifer
- Nov 5, 2001
- 18,366
- 3
- 0
Originally posted by: Taggart
Originally posted by: JLGatsby
Originally posted by: Taggart
HAHAHA you're a douche
Jealous!! AHHAHA
yeah, I'm jealous of someone that brags on a fvcking message board :disgust:
It was a ...JOKE.
There is only one sure fire way to make money in the stock market. Sell what I buy and Buy what I sell.
halik
Lifer
- Oct 10, 2000
- 25,696
- 1
- 0
The only person that really makes $$ on it is himself ... you can't make a move on information that everyone else knows.
He seems to hype up a lot of his buddies too - last i heard him he was all about Sears and how good invsetment they are... even though sears hasn't really gone anywhere
Jim Cramer's "Mad Money"
Buy Recommendations
PERFORMANCE SCOREBOARD
7/28/05 to 12/12/05
TOTAL REC: 417 WINNERS: 277 LOSERS: 130 UNCH: 10
Total Portfolio Performance: +4.87%
DOW +0.68% S&P 500 +1.26% NASDAQ +2.65%
Gibson486
Lifer
- Aug 9, 2000
- 18,378
- 1
- 0
He's not a joke be/c he is not succesful. He is a joke to major investors b/c he gives "kiddie advice". the advice he gives is along the lines of "Invest on onine payment b/c it is an untapped market....as a result, invest in checkfree!". What he does with his portfolio is his business, but i doubt that how is how makes he, or any other stock holder, makes real stock decisions.
ponyo
Lifer
- Feb 14, 2002
- 19,688
- 2,810
- 126
Jim Cramer is entertaining. I followed him in the early years at TheStreet.com starting around 1997. I've made and lost money following his advice. For a period of time after 2000, I actually had great success fading his recommendations. I know lot of traders shorted Cramer's recommendations to great success.
I find him entertaining and his writing style fun. That's all. No way I would follow his advice. But I think he serves useful purpose making investment fun. For that I give him props.
I don't have the time to trade fulltime now that I've my business so I've gone back to the basics. The person that got me interested in trading in the first place was Peter Lynch. I read all his books when I first started out investing. His common sense approach to investing appealed to me but got lost during the Internet/Tech craze of the late 90s. I've gone back to that route now and purchased Costco and Outback Steakhouse recently. Both are Peter Lynch type stocks and both will be held longterm.
I find him entertaining and his writing style fun. That's all. No way I would follow his advice. But I think he serves useful purpose making investment fun. For that I give him props.
I don't have the time to trade fulltime now that I've my business so I've gone back to the basics. The person that got me interested in trading in the first place was Peter Lynch. I read all his books when I first started out investing. His common sense approach to investing appealed to me but got lost during the Internet/Tech craze of the late 90s. I've gone back to that route now and purchased Costco and Outback Steakhouse recently. Both are Peter Lynch type stocks and both will be held longterm.
FWIW: my YTD is 53.54%
I DVR Mad Money everyday .. watch maybe 3 times a week ... over the past year i have tracked him and he is not doing bad ... (i track him using virtual stock exchange at game.marketwatch.com) .. i also track Martin Weiss ...
... i have never acted upon JC - but i do like some of his reasoning and he sometimes exposes me to stocks i would not have researched / found on my own ... he is fun to watch ... bottomline: listen to him / learn from him / dont act on his recommendations / trust your own skills/ analysis and reasearch ...
I DVR Mad Money everyday .. watch maybe 3 times a week ... over the past year i have tracked him and he is not doing bad ... (i track him using virtual stock exchange at game.marketwatch.com) .. i also track Martin Weiss ...
... i have never acted upon JC - but i do like some of his reasoning and he sometimes exposes me to stocks i would not have researched / found on my own ... he is fun to watch ... bottomline: listen to him / learn from him / dont act on his recommendations / trust your own skills/ analysis and reasearch ...
Originally posted by: JLGatsby
Originally posted by: Taggart
Originally posted by: JLGatsby
Originally posted by: Taggart
HAHAHA you're a douche
Jealous!! AHHAHA
yeah, I'm jealous of someone that brags on a fvcking message board :disgust:
It was a ...JOKE.
I so have to comment here from the last thread I read were you posted here.
http://forums.anandtech.com/messageview.aspx?catid=38&threadid=1775044
So you are early or middle 20's from one of your posts cause you said you will be a millionaire in 5 years and will be in your late twenties at that time.
You work 80 hours a week....run 2 businesses...been posting on silicon investor since the late 90's and are buddy buddies with all these traders.
I am quite confused.
Lastly, Jim Cramer was in charge of the largest hedge fund for a very long time before he lost it. You have to respect that. He made tons and tons of money doing it.
For everyone talkin' bout how he's gone a bit mental remember this. It is a TV/radio show about stocks. The point of TV/radio shows are to bring in viewers to get more money from ad time. So in order to draw in more viewers/listeners he acts like he's on speed and honestly I think it works.
How many people would listen to the same advice given in monotone by your college history professor?
He gives good advice. I don't deal with any individual stocks but I still watch his show every now and then. I prefer Bob Brinker which is more appropriate since I invest in no-load mutual funds (listening to his radio show I believe there is a lot less sweating as well).
How many people would listen to the same advice given in monotone by your college history professor?
He gives good advice. I don't deal with any individual stocks but I still watch his show every now and then. I prefer Bob Brinker which is more appropriate since I invest in no-load mutual funds (listening to his radio show I believe there is a lot less sweating as well).
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