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
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
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?
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