https://nitter.1d4.us/CramerTracker/status/1634237672997699602
If you had invested $100 million at the start of 2021 and followed the Inverse Cramer Strategy, you would have $132 million by the beginning of Q4 2022.
16% yearly return is rather decent. It means very little unless you have a ton of money, but still, it's better than a savings account.
i remember some segment from the Daily Show where Stewart did a supercut of all the hairbrained "buy buy buy" bullshit cramer was spouting right up into the GFC, basically showing the guy had no idea what he was talking about. but i don't remember the crying lmao
it just blows my mind this guy is still paid handsomely to make stock tips on tv.
it just blows my mind this guy is still paid handsomely to make stock tips on tv.
He's paid for the entertainment value, not the knowledge (obviously, but yeah that's what CNBC values as well as its audience)
Cramer did exactly the same thing with Bear Stearns literally weeks before it collapsed. He is friends with most of the CEOs and big investors and he did them a favor of providing exit liquidity. Stewart asked him some reasonable questions and Cramer was very shocked.
Also you all should see Hasan Minaj and Mr. Wonderful which he calls a type of investment influencer who can afford to take some hits but those who follow their advice get washed and it's mostly the unsuspecting retail, who look up to him.
Why you shouldn't take investment advice from TV personalities
No serious investor takes his word seriously right? He’s just there to appeal to the people at home who think the stock market is fair and they can get rich easily right?
I think it's a common joke to always do the opposite of what he says.
My dad used to listen to the guy religiously but that was like 20 ish years ago
A big W for Forbes as well - https://twitter.com/bizboyle/status/1634213662658379777
He was even wrong about Stark Industries way back in 2008.
lmao as if :porky-happy: would let someone give the everyman ACTUAL stock market tips
yep assume any of these "stock experts" are just doing a pump for some hedge fund or billionaire.
Remember when he convinced everyone that Bluth Co. are a "Don't Buy"?
Once again, the world teaches us that it will always be more lucrative to make a living teaching people how to get rich rather than actually trying to get rich with what you teach.
