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Is there any reason to believe that Jim Cramer (or the inverse of Jim Cramer) would do particularly well in the stock market? I imagine following a cat picking

Is there any reason to believe that Jim Cramer (or the inverse of Jim Cramer) would do particularly well in the stock market? I imagine following a cat picking random stocks works about as well. https://www.npr.org/sections/money/2013/01/14/169326326/housecat-beats-investors-in-stock-market-challenge https://www.npr.org/sections/money/2013/01/14/169326326/hous...

deleted 5y ago
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tomc1985 5y ago
WallStreetBets had something that was like a fish in a fishtank somehow directing stock purchases, versus WSB, and WSB lost.
- eggbert12 5y ago
- asperous 5y ago
  It was a YouTuber, possibly inspired by a 2012 stunt [1] https://www.youtube.com/watch?v=USKD3vPD6ZA https://www.youtube.com/watch?v=USKD3vPD6ZA [2] https://www.forbes.com/sites/rickferri/2012/12/20/any-monkey-can-beat-the-market/?sh=79c0c2a4630a https://www.forbes.com/sites/rickferri/2012/12/20/any-monkey...
- tjs8rj 5y ago
  OP's linked site Quantbase shows a WallStreetBets tracking portfolio with detailed performance history: https://www.getquantbase.com/details?fund=r/WallStreetBets%20Sentiment https://www.getquantbase.com/details?fund=r/WallStreetBets%2...
cuteboy19 5y ago
Inversing a pump and dump operation, provided it is well timed, can easily beat the market. Assuming that Cramer is a paid actor, this could probably be the case here
- vampiretooth1 5y ago
  When you say, paid actor, are you proposing that Cramer is being paid by some fund to pump a stock that they already have a position in? I don't know, but I believe it'd be highly unlikely given that he had a pretty good career as a fund manager himself, probably doesn't need more money. The article mentions (or links somewhere to this info) that there's no longer a Cramer pump, although there definitely was a couple years back
  - kadoban 5y ago
    > probably doesn't need more money. What's he doing on TV all the time then?
    - vampiretooth1 5y ago
      Having fun? What are rich founders doing that are still at the helm of their own company, what are rich fund managers doing that have already proven their merit?
      - kadoban 5y ago
        Mostly making money because they don't know what else to do? Does anyone actually enjoy doing a ~daily tv show? Seems like a lot of work.
        askafriend 5y ago
        Well it takes a certain type of person...and I guess he's that person. I'm sure he likes the attention.
        kadoban 5y ago
        He probably also likes money. In my experience "has money" doesn't equal "can't be corrupt", to tie this back up a few levels in the thread.
HWR_14 5y ago
> Is there any reason to believe that Jim Cramer (or the inverse of Jim Cramer) would do particularly well in the stock market? Jim Cramer, before he was on TV, did well beating the market as a fund manager. So there is a good reason to believe he could. Whether he could televise his strategy to retail investors and funds looking to profit from retail investors and make his viewers money is a different question.
- jjeaff 5y ago
  He beat the market according to him, with no evidence to back it up. Multiple analysis of his stock picks that I have seen have all found his picks to underperform the market.

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tomc1985 5y ago

WallStreetBets had something that was like a fish in a fishtank somehow directing stock purchases, versus WSB, and WSB lost.

eggbert12 5y ago
asperous 5y ago
It was a YouTuber, possibly inspired by a 2012 stunt [1] https://www.youtube.com/watch?v=USKD3vPD6ZA https://www.youtube.com/watch?v=USKD3vPD6ZA [2] https://www.forbes.com/sites/rickferri/2012/12/20/any-monkey-can-beat-the-market/?sh=79c0c2a4630a https://www.forbes.com/sites/rickferri/2012/12/20/any-monkey...
tjs8rj 5y ago
OP's linked site Quantbase shows a WallStreetBets tracking portfolio with detailed performance history: https://www.getquantbase.com/details?fund=r/WallStreetBets%20Sentiment https://www.getquantbase.com/details?fund=r/WallStreetBets%2...

cuteboy19 5y ago

Inversing a pump and dump operation, provided it is well timed, can easily beat the market. Assuming that Cramer is a paid actor, this could probably be the case here

vampiretooth1 5y ago
When you say, paid actor, are you proposing that Cramer is being paid by some fund to pump a stock that they already have a position in? I don't know, but I believe it'd be highly unlikely given that he had a pretty good career as a fund manager himself, probably doesn't need more money. The article mentions (or links somewhere to this info) that there's no longer a Cramer pump, although there definitely was a couple years back
- kadoban 5y ago
  > probably doesn't need more money. What's he doing on TV all the time then?
  - vampiretooth1 5y ago
    Having fun? What are rich founders doing that are still at the helm of their own company, what are rich fund managers doing that have already proven their merit?
    - kadoban 5y ago
      Mostly making money because they don't know what else to do? Does anyone actually enjoy doing a ~daily tv show? Seems like a lot of work.
      - askafriend 5y ago
        Well it takes a certain type of person...and I guess he's that person. I'm sure he likes the attention.
        kadoban 5y ago
        He probably also likes money. In my experience "has money" doesn't equal "can't be corrupt", to tie this back up a few levels in the thread.

HWR_14 5y ago

> Is there any reason to believe that Jim Cramer (or the inverse of Jim Cramer) would do particularly well in the stock market? Jim Cramer, before he was on TV, did well beating the market as a fund manager. So there is a good reason to believe he could. Whether he could televise his strategy to retail investors and funds looking to profit from retail investors and make his viewers money is a different question.

jjeaff 5y ago
He beat the market according to him, with no evidence to back it up. Multiple analysis of his stock picks that I have seen have all found his picks to underperform the market.