3 ms·

I haven't looked at him very closely, but I'm not sure how to read Jim Cramer. Just observing his onscreen personality at face value: He's very loud and bold,

I haven't looked at him very closely, but I'm not sure how to read Jim Cramer. Just observing his onscreen personality at face value: He's very loud and bold, erratic, yelling ridiculous things at the audience in a Philly accent (no offense to Philly on that ... it just lends itself to a particular stereotype, like he may as well be at a bar talking about the Eagles). When his investments are bad, you can just say oh, the guy is a blowhard, not basing his opinions on keen intellectual insight; it's all entertainment purposes and so on. But there's another cynical angle that enters, maybe it's paranoid to say but I think it's plausible: Does he have personal stake in his advice? Does he have some connections at these companies telling him to boost the stocks on air? That would enter into the realm of fraud. I guess when people confidently urge others to make ruinous financial decisions, that kind of concern always enters into it.

JumpCrisscross 4y ago
> dops he have personal stake in his advice? In its performance? No. In the number of eyeballs it attracts? Absolutely. It would make no sense to jeopardise the latter in pursuit of the first.
oth001 4y ago
This should give you some idea: https://youtu.be/r07Gg92YjOI https://youtu.be/r07Gg92YjOI
- asveikau 4y ago
  I'm not huge into finance, can you tell me what it's supposed to give me an idea about? It seems like he's talking about his early career in the context of possible advice for people starting out. Some of it is career advice that would be applicable to other fields too -- talking about education, building connections and networks, getting your foot in the door at a company, etc.
oth001 4y ago
.
blablabla123 4y ago
Not speculating whether Cramer or acquaintances of his have a stake on the stocks or not. But from what I remember from posts on WSB his advice if you'd follow through a) doesn't give very significant changes and b) rather goes in the negative direction. To me it seems it's hard to separate from noise. Of course this might be explained by stating a free money paradox. (If everyone invested...) But also it seems his advice is actually rather random and just fits an entertainment narrative at best or sales pitch at worst.

JumpCrisscross 4y ago

> dops he have personal stake in his advice? In its performance? No. In the number of eyeballs it attracts? Absolutely. It would make no sense to jeopardise the latter in pursuit of the first.

oth001 4y ago

This should give you some idea: https://youtu.be/r07Gg92YjOI https://youtu.be/r07Gg92YjOI

asveikau 4y ago
I'm not huge into finance, can you tell me what it's supposed to give me an idea about? It seems like he's talking about his early career in the context of possible advice for people starting out. Some of it is career advice that would be applicable to other fields too -- talking about education, building connections and networks, getting your foot in the door at a company, etc.

oth001 4y ago

blablabla123 4y ago

Not speculating whether Cramer or acquaintances of his have a stake on the stocks or not. But from what I remember from posts on WSB his advice if you'd follow through a) doesn't give very significant changes and b) rather goes in the negative direction. To me it seems it's hard to separate from noise. Of course this might be explained by stating a free money paradox. (If everyone invested...) But also it seems his advice is actually rather random and just fits an entertainment narrative at best or sales pitch at worst.