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That's how he used to make his money when he was running his own hedge fund.
by jfarmer 18y ago
That's how he used to make his money when he was running his own hedge fund.
- tvon 18y agoWell, yeah, but if he hadn't run his own hedge fund he wouldn't have a TV show about the stock market. Saying Jim Cramer doesn't make his living telling people what to do with their money is like saying Julia Child didn't make her living telling people how to cook. Nobody watches Mad Money for the antics, they watch it for the stock advice, the antics just keeps them awake.
- anamax 18y agoYou're confusing why people watch with how he makes his money. And you're confused about why they actually watch. The vast majority of folks who watch Cramer don't do more than one or two trades based on his statements. Yes, I know about how Cramer's recommendations "move markets". The size of those moves proves my point. He's got enough of an audience that if a significant fraction of them did anything, the changes would be enormous. They're actually on the edge of statistical insignificance. Julia Child is a great example. People watched to "learn" but nothing much changed. Yes, they bought some equipment and cookbooks, but she really just changed how people talked.