Jim Cramer's 2-Year Return Fails to Beat S&P

[DesertCat]

[ QUOTE ]
his show is entertainment and is not a realistic measure of his skill, if he was runnin his own fund he wouldnt be buying 5-10 different new stocks every day like he does on his show


[/ QUOTE ]

RU Sure?

[ QUOTE ]

If Mad Money offers unconvincing proof of Cramer's long-term stock-picking prowess, so does his account of his hedge-fund activities. His memoir suggests that some of Cramer Berkowitz's profit came from clever trading. The $300 million fund might execute hundreds of trades a day, some of them a bit gimmicky. Cramer describes how they'd find a stock in which selling had petered out, then build a position. Next, they'd hunt up some bullish news on the company and feed it to sellside analysts and reporters. On the subsequent rise, Cramer could profit by selling out his position. "Buzz merchandising," his book calls it. Smart and effective, but definitely not in the fuddy-duddy style of Graham & Dodd.


[/ QUOTE ]

[ QUOTE ]


he went from busto to balla through stocks so i think it is still worthwhile to tune in and listen to his reasoning behind things

[/ QUOTE ]

How valuable is his thought process if his best trades involved pump and dump schemes the average joe doesn't have the media contacts to pull off?

[ QUOTE ]

In December, Cramer made a video for TheStreet.com describing the ways his hedge fund had used tricky trading techniques. He said hedge funds could pass negative rumors to "bozo" reporters. When the video circulated through Wall Street and caused an uproar. Cramer said that he'd only been talking hypothetically, to blow the whistle on the hedge-fund industry's bad actors.

[/ QUOTE ]

Of course his show is all entertainment. If you could really trade successfully off it hundreds of millions of dollars of hedge fund money would be devoted to tracking his every recommendation and beating the amateurs to the punch.