- Joined
- Nov 17, 2015
- Messages
- 14,062
Jim Cramer is a carnival barker, and anyone who takes him seriously after 2008...I can't even. And that holds true for most any pundit, they are there for entertainment and viewer ratings, not accuracy.
If the experts were as good as they say, they'd be billionaires multiple times over. Invest in index funds and DCA. Boring.
Jim Cramer is a carnival barker, and anyone who takes him seriously after 2008...I can't even. And that holds true for most any pundit, they are there for entertainment and viewer ratings, not accuracy.
With so much incompetence in the financial industry, why do so many people hand over their money to a fund?
Re: Current Banking news: When I first read about the Theranos debacle, my main takeaway was how many experts were wrong in not seeing, or rather refusing to see, the house of cards foundation. Now, we have a few banks failing or on the verge because they did not protect themselves from market changes. I am 100% convinced that had these institutions hired one of us, on this site, to assess their financial stability they would not be in trouble now.
[as a related aside, special shout-out to Jim Cramer for his assessment on both Theranos and SVB).
From my, ahem, non-expert perspective I'm amazed at the stupidity of experts not being able to do what they supposedly know so much about.
Remember Bernie Madoff. A guy named Markopolis had the numbers that showed his “earnings” could not be right. Despite the math, he was ignored. The gravy train was picking up speed as it went down steeper and steeper slopes. What fun! What an exciting ride? What could possibly go wrong?
IIRC he called her "a visionary", and "another Steve Jobs".
Finally, I wouldn't call Jim Cramer a financial expert. He's a shrill talking head on TV, good for screaming and shouting and nothing else. As for his calls on Theranos and SVB, all I can say is that a broken clock is still right twice a day.
I have no idea who Jim Cramer is.
Yes, he knows a great deal. Just way too short-term focused for me.Jim Cramer worked at Goldman Sachs, ran a hedge fund and now runs a charitable trust. I get the shrill talking head opinion but there is some financial expertise there also.
Well you haven't missed much. I can't believe he's still on the air. He's sort of like Joe Buck is as sportscaster. Worthless, annoying and clueless and I'm being kind.I have no idea who Jim Cramer is.
Me neither.I have no idea who Jim Cramer is.
Jim Cramer worked at Goldman Sachs, ran a hedge fund and now runs a charitable trust. I get the shrill talking head opinion but there is some financial expertise there also.
And back to people.
So today my wife suggests that maybe we just cash her fathers IRA check and put the benji's in the safe?
I say what?
You know because the banks are failing...
Yes, it’s definitely a bank run, but those folks pulling money from SVB weren’t carrying home truckloads of cash.That's what a "run on the bank" is eh?
Yes, it’s definitely a bank run, but those folks pulling money from SVB weren’t carrying home truckloads of cash.
Jim Cramer worked at Goldman Sachs, ran a hedge fund and now runs a charitable trust. I get the shrill talking head opinion but there is some financial expertise there also.
I agree, money is the root of all evil.These things happen when the drive for profit overwhelms morality, ethics, respect for the law, caution and even basic common sense. It is an old problem.....
"For the love of money is the root of all of evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows."
-- Timothy 6:10 (KJV)
I agree, money is the root of all evil.
But I prefer my shortened version--Everybody Lies. Better for a hashtag #EverybodyLies
I know there are a few straight-shooters out there, but I personally make the assumption that on the other side of the transaction is someone who would take from my pocket if they could get away with it.
So I trust you (wink-wink) but not really.
You lost me on that one. Man's grasping nature?Not money in and of itself (which is a morally neutral tool), but the LOVE of money is the root of all evil. It's an important distinction. Even if we had no such thing as money, man's grasping nature would lead him to do evil.