Jim cramer...Fast money...cnbc..anybody watch?

[donald]

What do you think of jim cramer?a quack?dangerous to listen to him?entertianment?

I like msn stock charts,and they always have video links of cnbc fast money team,cramer,sometimes interviews with ceos of various companies or hedge fund mangers.

Seems like cramer is abit add hyper and hot under the collar,but he obviously has a lot of knowledge,id never blindly accept his advice without looking further into companies.

He is very bullish still,if anything its entertainment,i like the segment (im i diversified).i like that watching cnbc fast money team also.

Does anybody watch cnbc?Cramer?

[Homerhomer]

I sometimes watch it, and the only segment that pretty much interest me is his general commentary, sometimes he has good ideas.

Apart from that IMO he is promoting securities which are already in his portfolio and he is a bit (or alot) biased, and most of the segments IMO aren't worth the time.

[Causalien]

It is my observation that you will be profitable most of the time if you sell the Jim Cramer pump and cover in a week.

[andrewf]

He's worse than noise. If anything, I would bet against the trades he recommends.

[MoreMiles]

He made a good call on Google:

http://www.cnbc.com/id/43238470/Is_Google_a_Value_Stock

Those who listened and bought in low $500s or high $400s are extremely happy now.

[kcowan]

His calls are unreliable. It is more of an entertainment show. In a study of his picks, he was right 47% of the time. So a little worse than flipping a coin.

[fatcat]

he made a bad, no, really bad call on bear stearns .. gosh, and he was absolutely certain

http://www.youtube.com/watch?v=gUkbdjetlY8

[LBCfan]

What do you think of jim cramer?...................Does anybody watch cnbc?Cramer?

Surely you jest.

[HaroldCrump]

As always, there are two sides of a coin.
Jim Cramer these days is mostly a theatrical character.
He loves to exude this type of persona - waving his hands, thumping the desk, barking "buy, buy, buy" or "sell, sell, sell".
His mad money show is mostly of entertainment value, IMO.
Or maybe to gather a list of ticker symbols for further research, and maybe once in a while, take a position in one out of a hundred.

However, it cannot be denied that he was a very successful hedge fund manager.
The guy must know how to pick stocks and how to make long/short bets.
During his career at Goldmac Sachs and then his own private fund, he averaged nearly 25% annualized returns over a period of 14 years - quite a venerable record.
He consistently beat the S&P 500 by wide margins.

Yes, there were occasional allegations of market manipulation and pumping, etc.
His record as a TV/radio personality is more controversial than his investing career.
Most of the controversies and manipulations occured during the TV years.

Anyhow, I wouldn't look to him for investing advice and neither is he a Warren Buffet.
But the guy has a great record and is no fool.

[Larry6417]

Cramer had a great record as a hedge fund manager, but a poor record as a TV host-cum-stock picker. See http://online.barrons.com/article/SB...755995100.html

The Barron's article is from 2007. I don't know what his more recent record is. His record of out-performance was made in the tech bubble days. I'm not sure if he was brilliant or just lucky. I found an older article from 2000 by David Dreman that criticizes Cramer. Cramer's fund gained an annual 30% per year in the last half of the 1990s. It sounds impressive - until you realize that the NasDaq100 (Cramer invested in tech) was up 56% annualized over the same time frame. See www.forbes.com/forbes/2000/0221/6504172a.html

I suspect Cramer's style "worked" in the internet/tech bubble days, but I'm not sure it would work in any other period. So was Cramer/fund manager skilled or lucky? I'm thinking the latter.