A MarketPlace of Ideas                        

 

His critics say

 1) “He’s an entertainer” 

 2) “He’s a Trader NOT an investor”.   

 3) He’s over the top

I recently went to the RedChip conference here in Phoenix and ran into Motley Fool #10 ( now ex fool ).  He said all these things as criticisms.  In the case of Cramer #1 & #3 are good.  You can modulate your voice and make these complements and therefore they are not substantial.  As for being a Trader maybe he was saying Traitor??  Maybe because it seems he’s putting these Motley Fools to shame.   ( We’re all traders unless you plan on putting money into the market then waiting a while, laying down and dying.  Its only a matter of what time interval you are working with in other words )

In regards to the PAST: most of the writers on Yahoo Finance linked arties report fairly well.  But this does not make me any money. 

Regarding the future: When I read so many arty’s on Yahoo Finance I see their discussions go this way.  Stock XYZ is really great. Its possible you should buy some. However Stock ABC is good too.  Stock XYZ could be risky.  It might really be a piece of crap.  ABC has its risks too. Maybe it would be better to look at LMNOP.   I get nuttin but waffles from these guys about the future.   Its all about positioning themselves so in the future they can’t be accused of being R-O-N-G wrong.  This is because their highest priority is keeping their meager writing job and NOT being a cutting edge stock commentator.  Mediocrity is the usual result of pursuit of safety. 

I suspect its because they wanted to be writers when they grew up and not hedge fund managers.

I enjoy Jimmy Cramers on TV antics.  Its a hoot.  He’s one of those American originals that does it his own way and comes up all 7’s.  In addition I get the feeling I am listening to someone who actually shoved money around for a living long enough to actually learn something.

He makes his bad calls this is true.  But any brand of probabalistic enterprise has its share of mistakes that are allowable.  The key is to make the good calls pay more than the bad calls and at a rate that keeps the light bills paid at the office.

This entry was posted on Thursday, February 15th, 2007 at 9:44 am and is filed under . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.