Mad About Cramer
Investorial should have been on top of this story, but Investing Intelligenty picked it up and ran beautifully with his take on
I always thought the show to bring little value to the “common investor”; the ones Jim wished to help. I never did think enough of the show to do research and post on it. Like Investing Intelligently, I could barely stand watching the show for more than a few minutes while I flipped through the channels. It’s all about showmanship for Jim. While he’s busy pressing buttons for sound effects and graphic overlays, he talks like a midnight infomercial about the stocks he recommends to buy or sell. It is not a stretch to mistake Jim as a door-to-door salesman peddling stock tips.
Investing Intelligently took the time to do some analysis, walking you through examples to back up his assertions. Here’s an excerpt:
The analysts are always full of crap with their buy/sell recommendations and I am sure any reader of this blog is aware of that. What is sad is that Cramer’s show is insanely popular. What is even more sad is that a friend of mine’s dad is an investment advisor and he watches Cramer every day after work AND TAKES NOTES.
Early in my investment career, I also watched Canada’s Report On Business (ROBTv) to see what analysts were recommending. I’ve stopped that habit for a long time now. However, for most people, analysts like Jim can come off as spammy as those pump-and-dump emails you receive in your junk mail. If you are depending on a bunch of people on television to take charge of your investment portfolio or retirement plans, why not take the same time and educate yourself first? May I recommend starting by reading Investing Intelligently’s analysis?
