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JIM CRAMER GENIUS OR CHARLATAN?

One thing that we can agree on when talking about Jim Cramer; either you love him, or you hate him, they don't call him the Mad Man Of Wall Street for nothing. There is no “in-between” with this guy. Cramer ran his hedge fund, Cramer-Berkowitz, for many years before finally burning out and turning the fund over to his partner. One immediate positive point for Cramer; his fund made a LOT of people rich. He easily outperformed the market during his time at Cramer-Berkowitz, and left the fund after a banner year. Anyone who doubts Cramer’s ability, simply look at the performance of his fund.

However, Cramer gets it wrong too. Just before the Internet bubble popped in 2000, Cramer famously penned an article that outlined a number of Internet stocks that you just had to own. One by one, these stocks were taken out and shot by the market, and Cramer was left with egg on his face.

Cramer is now seen on his own show, Mad Money. I for one, love the market, and I love the fact that someone else loves the market as much as I do. He also still writes for Thestreet.com, has his own radio show, and has his aforementioned television show

The sheer volume of recommendations that Cramer makes on a daily basis is staggering, and certainly leads to a number of picks not working out. It’s simple math; he can’t be perfect, even using his 25 rules for investing. Cramer is a smart guy, but you should never blindly follow anyone; use his recommendations as a springboard into your own research. If you and Cramer both like the stock, it has a good chance of working out. If you buy it just because Cramer tells you to do so, well, you are asking for it.

Cramer had an impressive track record with his hedge fund. In my opinion, he provides helpful advice on his radio and television show and gets people thinking about how they could possibly make money in the market. Charlatan? Not a chance. Genius? Maybe, maybe not. Helpful, insightful, thought-provoking?

 

 
 

DISCLAIMER: Disclaimer: This site has no affiliation with Jim Cramer, CNBC, or Mad Money. This summary is done for you and I to be able to better track and follow Jim Cramer’s comments. ACCURACY IS NOT GUARANTEED but is however strived for. In no way does this site (jimcramermadmoney.com) assume any responsibility for any investment or other decisions made based upon the information provided on this web site.