Jim Cramer's stock picks trail market

[REWahoo]

I'm shocked, shocked I tell you...

Jim Cramer doesn't beat the market - MarketWatch

[W2R]

Yeah, but just wait until the market takes a sharp and lasting downturn. People will be hanging on Cramer's every word, as though he had inside information on what to do and when.

[jimbee]

I really don't understand why anybody pays any attention to Jim Cramer.

https://www.youtube.com/watch?v=o3FVBKic5Ek

Well, Bear Stearns was sold, so not completely off.

[braumeister]

Still, he did well during the last bull market ...

Quote:

In 1987, Jim Cramer took his knowledge of the stock market and started his own hedge fund company, Cramer & Co. Cramer ran his fund from 1987 to 2000 and had only one year of negative returns. He eventually retired from his hedge fund in 2001, posting an overall annual average return of 24% from 1987 to 2001 ... “I’ve lost tremendous amounts of money in various markets and I think that that’s something that makes you better at my job, not worse.”

www.investopedia.com

[pb4uski]

Quote:

Originally Posted by braumeister Still, he did well during the last bull market ... www.investopedia.com

The "last" bull market is the current bull market... 2008 to now... it seems like Cramer has lost his touch.

[NW-Bound]

Why don't we arbitrage this info?

Short Cramer's picks, and go long the rest of the market the same dollar amount. Sure gain, no?

[aja8888]

I remember when he loved Linn Energy and was in North Dakota touting Continental Resources wearing a hard hat. There were others he pushed on his show....

[braumeister]

Quote:

Originally Posted by pb4uski The "last" bull market is the current bull market... 2008 to now... it seems like Cramer has lost his touch.

I'm pretty sure that 1987-2000 was considered a bull market on its own, which is what I meant.

[jim584672]

I am waiting for the 3x inverse Cramer ETF.

[papadad111]

Off topic a little ....

Not many of the financial heads out there made their money investing. Most made their cash by selling...investment books.

Suze Orman was bankrupt
Jim Cramer was bankrupt
Dave Ramsey was bankrupt
Kiyosaki's company went bankrupt

Does anyone REALLY trust these supposed gurus? There's something deeply unethical about bankruptcy in my mind. Kinda like a cheating spouse. Sure you can forgive but few can totally forget ...

[Senator]

Not surprising. Most money managers can't beat the market. Jim Cramer is no different.

[DrRoy]

I have at times found Cramer interesting to listen to, but I have never put money into any of his picks.

[Totoro]

Bill Ackman blew up his first fund, Gotham Partners. Mostly because he doubled down on one big investment.

It looks like he managed to do that again with his new fund.

[Mulligan]

Quote:

Originally Posted by DrRoy I have at times found Cramer interesting to listen to, but I have never put money into any of his picks.

I watch him several times a week for one reason. He truly enjoys his job and lives and breathes it, so I enjoy his passion. I was never able to accomplish that. Once my career as a professional baseball player ended before it ever began I have waited for retirement.

[jimnjana]

Quote:

Originally Posted by DrRoy I have at times found Cramer interesting to listen to, but I have never put money into any of his picks.

He is entertaining. He at least tells people to wait for a pull back before buying. I like listening to his line of reasoning about general market conditions and the lightening round. I like to hear what other investors are thinking. I have looked at some of the stocks he likes, but never bought anything based on his show.

[Gone4Good]

Quote:

Originally Posted by braumeister Still, he did well during the last bull market ...

Perhaps.

But one wonders why someone with that kind of talent would give up the chance to become a billionaire hedge fund manager to be a millionaire T.V. personality instead.

[Ready]

I don't find him particularly entertaining. More annoying than entertaining.

[W2R]

Quote:

Originally Posted by papadad111 Does anyone REALLY trust these supposed gurus?

Unfortunately, yes, although they are less likely to admit it during a bull market.

I remember back in 2008-2009, when the market crash was freaking out the forum - - several forum members were hanging on Cramer's every word, quoting him, and actually using his shows as an investment guide. He's not someone that I would trust with my money.

[Gumby]

Quote:

Originally Posted by papadad111 Off topic a little .... Not many of the financial heads out there made their money investing. Most made their cash by selling...investment books. Suze Orman was bankrupt Jim Cramer was bankrupt Dave Ramsey was bankrupt Kiyosaki's company went bankrupt Does anyone REALLY trust these supposed gurus? There's something deeply unethical about bankruptcy in my mind. Kinda like a cheating spouse. Sure you can forgive but few can totally forget ...

I represented creditors in bankruptcy court for many years. There are sound reasons why we allow individuals to get a fresh start and businesses to reorganize in bankruptcy. With respect to individuals, who would ever take an entrepreneurial risk if the downside is that they are forced to be indentured servants to their creditors should the risk not pan out? We gave up the idea of debtor's prisons long ago. And for businesses, many of them are not bad businesses per se, but their current finances are bad. By allowing reorganization and recapitalization, instead of insisting on liquidation, we keep businesses alive to make useful products, employ people and pay taxes. The benefits of bankruptcy were recognized by the Founders, which is why it is in the Constitution. (Article I, Section 8, clause 4). Would could debate other variations on the theme that it is not a matter of personal morality, it's just business. But as you noted, that would be a digression from the thread.

[Mulligan]

Quote:

Originally Posted by Gumby I represented creditors in bankruptcy court for many years. There are sound reasons why we allow individuals to get a fresh start and businesses to reorganize in bankruptcy. With respect to individuals, who would ever take an entrepreneurial risk if the downside is that they are forced to be indentured servants to their creditors should the risk not pan out? We gave up the idea of debtor's prisons long ago. And for businesses, many of them are not bad businesses per se, but their current finances are bad. By allowing reorganization and recapitalization, instead of insisting on liquidation, we keep businesses alive to make useful products, employ people and pay taxes. The benefits of bankruptcy were recognized by the Founders, which is why it is in the Constitution. (Article I, Section 8, clause 4). Would could debate other variations on the theme that it is not a matter of personal morality, it's just business. But as you noted, that would be a digression from the thread.

Well since you continued it....And I know you didnt mention it but Papa did... I never have heard of Jim Cramer personally going bankrupt. I did a cursory look on net and didn't find it.
It appeared for a long time he was a very successful hedge fund manager. Probably a very stressful job... He is just doing the John Madden thing. Moving from the field up to the booth in a less stressful talking head job. Who can blame him.