All you need to know: Cramer called for a melt-up
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Depending on the bread he wanted to go with it, that could be considered rye humor.
Far be it from me to defend anyone that I am not real familiar with, especially someone in the media with a reputation to look after, but look at it from a different perspective. The guy only needs to be right 50% of the time to make money with a solid approach.
That said, outsiders who just look at his generic broad calls from a batting average perspective will have a very skewed perspective.
Like I said I don't know the guy, nor do I know his track record since his hedge fund days (and that was an impressive fund track record btw), but I think people have to be careful labeling a trader or investor so flippantly
. Anyone with in depth information on his performance, including batting average, risk/reward, etc... please speak up!
Goodluck,
That said, outsiders who just look at his generic broad calls from a batting average perspective will have a very skewed perspective.
Like I said I don't know the guy, nor do I know his track record since his hedge fund days (and that was an impressive fund track record btw), but I think people have to be careful labeling a trader or investor so flippantly
. Anyone with in depth information on his performance, including batting average, risk/reward, etc... please speak up! Goodluck,
Cramer's problem is he wasn't content to be a good trader, he had to become a "guru" as well to win respect and satisfy his ego. Also he signed some stupid legal deal not to trade short-term so that he could promote investment picks on his website. He basically willingly gave up his trader's edge, in a vain attempt to become some kind of great investment guru and journalist.
His wife warned him that starting TheStreet.com was a bad idea as it would take away focus from his trading. And that is exactly what's happened. It's never a good idea to court publicity as a trader.
Cramer ought to quit trying to be some kind of Peter Lynch wannabe, and instead go back and trade like he used to at his hedge fund. He was good at that, so he should stick to what he knows IMO.
His wife warned him that starting TheStreet.com was a bad idea as it would take away focus from his trading. And that is exactly what's happened. It's never a good idea to court publicity as a trader.
Cramer ought to quit trying to be some kind of Peter Lynch wannabe, and instead go back and trade like he used to at his hedge fund. He was good at that, so he should stick to what he knows IMO.
