CNBC gurus. How bad are they?

[ralph00]

Classic morning - Bob Dahl, Bob Barbera, Jim Paulson - all on at the same time. For the love of god, can we get at least one person who isn't pumping stocks 24/7.

Bob Dahl, who represents the largest long-only asset managers on the planet (and whose firm is more or less a well-paid arm of the gov't), essentially has a permanent segment on Squawk Box. CNBC has become state-run TV.

 

[omegapoint]

Would Kudlow be considered a guru or the model cartoonists use to draw buzzards?

 

[Lethn]

Quote from vhehn:

the rants are scripted:

http://www.ritholtz.com/blog/2010/02/persona-non-grata-at-cnbc/
By Barry Ritholtz - February 24th, 2010, 8:21PM I had lunch the other day with several other analysts, strategists, money managers and economists, all of whom shall remain nameless.

All make frequent media appearances.

The conversation drifted over to CNBC. The consensus is everyone at the table wants to do less of it.

The reasons given:

-Producers try to tailor the discussion (“Be more Bullish/Bearish”);
-Too time consuming;
-Law of diminishing returns — the benefits are less and less each appearance;
-Nuance has become a dirty word (“Pick a Letter to describe the economy”);
-Last minute cancellations when “better” names become available;
-Dumbing down of the discourse (One person called it “Foxification”)

That is the most typical marketing scam I have seen corporations use ever. When they use tactics like that they're trying to make their own made up or useless information seem more important. It's like when advertisers use the whole "Experts say blah blah blah" tactic, same thing.

I'm amazed they can get away with that sort of thing actually because at least in the U.K it's the kind of thing they'd be all over but it's clearly stealthy enough to work even here.

 

[Free Thinker]

Quote from omegapoint:

Would Kudlow be considered a guru or the model cartoonists use to draw buzzards?

the gurus i profile are fund managers they have on air that have a record i can check.

 

[turkeyneck]

http://www.thestreet.com/funds/smarter/891820.html

 

[Free Thinker]

Quote from turkeyneck:

http://www.thestreet.com/funds/smarter/891820.html

i may as well profile cramer. i dont have any recent number for cramer. i have numbers for 2008:
"The YTD Return figures reflect changes since the first trading day of the current year. The Total Average Return figures reflect changes since 1/1/2002.
Current Value $2,321,953.00
Total Average Return -14.57%
2008 YTD Return -38.97% "

since we know cramer has recently been advertising that he did 31% in 2009 we can calculate that he is still negitive for 2 years and as of year end 2008 was negitive about 14% since 2002. i conclude that you would have been better off putting your money in a shoebox than listening to cramer.

 

[Gabfly1]

Quote from hoodooman:

...Rukeyser was famous for his pun-filled humor...

I enjoyed the beginning of his shows. The remainder, not so much.

 

[Free Thinker]

cnbc guru profile for today:
oakmark fund oakmx.
Performance
Trailing returns
1 day +0.08%

1 week
-0.59%
4 week +2.97%

3 month +1.92%

YTD
-0.76%
1 year +76.93%

3 years*
-2.22%
5 years* +2.03%

this is Bill Nygren. media darling. so how good is he? his one year return is outstanding but only because it was so horrible in 2008. if you invested money with him for the last five years you underperformed bonds and cash.
http://www.google.com/finance?q=oakmx

 

[Free Thinker]

today we have mike holland on cnbc. this guy is on tv all the time and always bullish. so how good is he:

http://www.thehollandfund.com/performance.html
Average Annual Return* as of December 31, 2009
Quarter-end (6/30-9/30) 1 Year 3 Year 5 Year 10 Year Since Inception (10/95) Expense Ratio (1/28/09)
4.39** 17.76 -0.30 2.40 1.08 5.16 1.63***


over a ten year period you have averaged a little over 1%. less than a risk free bank cd.



Michael Holland is the Chairman of Holland & Company, a private investment firm he founded in 1995 in New York City. He is also the President and Founder of the Holland Balanced Fund. He began his career at J.P. Morgan in 1968 where he spent twelve years managing both equity and fixed income assets for major institutional clients as well as wealthy individuals. He served as Chief Executive Officer of First Boston Asset Management in the early 1980's and later served as Chairman of Salomon Brothers Asset Management. He has been Chairman of a number of mutual funds.

 

[zdreg]

Quote from Dr. Zhivodka:

You guys still watch that stuff? (TMC) Turner Movie Classics will do wonders for one's piece of mind while trading.

please explain how u manage to maintain focus simultaneously on both trading and the movie.