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
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“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.”
The "last" bull market is the current bull market... 2008 to now... it seems like Cramer has lost his touch.
I have at times found Cramer interesting to listen to, but I have never put money into any of his picks.
I have at times found Cramer interesting to listen to, but I have never put money into any of his picks.
Still, he did well during the last bull market ...
Does anyone REALLY trust these supposed gurus?
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.
Almost a +1.On occasion I switch on Cramer but can't seem to take his ranting too long. After I feel worn out from viewing Jim, I them change to Making Money with Charles Payne on FBC that is on at the same time.
On occasion I switch on Cramer but can't seem to take his ranting too long. After I feel worn out from viewing Jim, I then change to Making Money with Charles Payne on FBC that is on at the same time.
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.
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.