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Makes you wonder if there should be professional repercussions for being so wrong. Does credibility or accuracy with assessments and predictions even matter? O
by m348e912 4y ago
Makes you wonder if there should be professional repercussions for being so wrong. Does credibility or accuracy with assessments and predictions even matter?
Other notable examples are Jim Cramer, who seems to be more wrong than right on stock and company analysis but still gets paid handsomely by CNBC. Or Paul Krugman who said the Internet's Effect on the World Economy Would Be 'No Greater Than the Fax Machine's. Krugman managed to maintain a fine career in academia and in print.
- crop_rotation 4y agoCramer is not a stock trader but an entertainer, and he did fine on that job. Same goes for Krugman. Krugman nowadays is an opinion columnist and not an economist. If you read his articles regularly you will realise that accuracy is not the main goal. Sounding important is the main goal. And he too is doing fine on that job.
- StrangeATractor 4y agoPretty sure if you bet against them consistently you come out ahead.
- ceejayoz 4y agoIf you wanna try, SJIM and LJIM are the ticket symbols to buy.
- everybodyknows 4y agoHmm, Money in SJIM about 5x that of LJIM. https://www.crameretfs.com/sjim https://www.crameretfs.com/sjim https://www.crameretfs.com/ljim https://www.crameretfs.com/ljim
- pengaru 4y agoCalling Cramer just an entertainer is absurd, he's more manipulator of a gullible audience than entertainer. It's pretty clear his role is to promote investing, and more specifically making certain (often bad, for the audience) investments.
- readyplayernull 4y ago> who seems to be more wrong than righ Just invert their output and you will have some good predictors.
- moffkalast 4y agoAh the ole inverse Cramer.
- sys_64738 4y agoBallmer lost is CEO job.