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Telling people what to do with their money Heaven forbid anyone grow a brain and do their due diligence before shoving their money into a stock or company! Do
by kirse 18y ago
Telling people what to do with their money
Heaven forbid anyone grow a brain and do their due diligence before shoving their money into a stock or company! Do you people really take financial advice from ANYONE and just invest away? Give me a frikkin' break, people are not the victims here.
First of all, "mad money" is the money you have left over to play with after making solid investments, so the show hardly counts as a serious investment show. Secondly, people are not idiotic pawns and are fully capable of weighing their own investment decisions independent of what Jim Cramer is telling them to do.
It's completely unfair to blame Cramer and call him an "asshat" when the show is clearly for entertainment purposes. Anyone naive enough to think it's dispensing serious financial advice should not be putting their money in the market in the first place.
- callmeed 18y agoFTR, I like Cramer ... but I disagree with your take. CNBC bills itself as a financial news network and Cramer's show is on 2 or 3 times a day. Yes, his show is wacky and entertaining–but half of every episode is people calling in for stock advice. How can you say there's no serious investment angle to this? >> Heaven forbid anyone grow a brain and do their due diligence before shoving their money into a stock or company! Do you people really take financial advice from ANYONE and just invest away? For many people, his show is part of the due diligence process. And he's not just anyone–obviously his resume, network, books, and popularity put him in a position where people trust him. You make it sound like he's a 19 year old in a basement twittering penny stock tips. Again, I like Cramer and yes–calling him an "asshat" isn't really constructive. But I also think he has put himself in a position of responsibility/accountability.