Re: Jim Cramer
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This isn't totally true. Have you heard of frontloading? He could load up on a stock, mention it on his show (stocks go crazy when he mentions them), then sell.
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CNBC doesn't let him talk about stocks with under a certain market capitalization because of that reason. He can't own stocks personally, just for his charitable trust.
Personally I think his mission of bringing investing to the masses is an honorable one. He explicitly tells people both in his books and on the show to not go out and buy every stock he recommends. His whole philosophy is that of "buy and homework", which means you have to evaluate all of his picks for yourself and see how they fit with your investment strategy. All those grannies that are losing money really aren't following his advice.
(Obviously I'm a fan of his).
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