3 ms·
Rethinking Investing - Spotting Mistakes in Jon Stewart vs. Jim Cramer
- karl11 18y agoWhile I agree that Jim Cramer got ripped apart... and I don't really care for Cramer anyway, I didn't care for Jon Stewart's attack on long term investing. People on Wall St. were not engaging in long-term value investing, but in short-term speculative BS that led to the mess we're in now. When Stewart directs blame at CNBC for not acting like more of a watchdog, he should really look at the ratings agencies. When previously reliable entities tell you something is solid, why would you look further? CNBC is getting its data from ratings agencies and regulatory bodies like the SEC. If they've never had to dig deeper before, why would they have started in the last year? There is just way too much blame to go around to even get started here.
- dantheman 18y agoThe point he was trying to make is that if they want to call themselves journalists then they need to do reporting and investigating not merely parroting things they are told.