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Originally Posted by eribrav
You may not like Jim Cramer, and you're entitled to your negative personal opinion but you can't say he's a nut and "doesn't know what he's talking about."
Cramer ran a hugely succesful hedge fund and over a long period of years made millions upon millions of dollars for himself and his hedge fund partners.
So do you know more about trading and markets then he does, and do you have a track record to prove it?
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In word: no. But I didn't say that Cramer doesn't know what he's doing. He just doesn't know what he's talking about. He generally exacerbates the problems with the herd mentality in the marketplace, and then loses it when things don't go the way he wants them to. Maybe it's an act. I don't know. All I do know is that I would never recommend anyone follow his advice. There are many other intelligent advisors out there; one doesn't need to pay attention to this guy. But I guess it all depends on what you want to do. You want high risk? Then go ahead. But I think the average investor is interested in protecting their money from undue losses. There is much going on in between the extremes of "buy-and-hold" and "stock picking"; it's called intelligent investing.
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Knowing that death is certain and that the time of death is uncertain, what's the most important thing?
—Bhikkhuni Pema Chödrön
Humankind cannot bear very much reality.
—From "Burnt Norton," Four Quartets (1936), T. S. Eliot
Last edited by Baraka_Guru; 03-04-2008 at 04:31 PM..
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