dac8555 said: his funds returned over 26% yoy over the life of the funds..that is VERY good.
true. that's *trading* - not investing. some would say, and i'd agree with them, that much of cramer's skill was in 'gaming' inefficiencies in the market which can't be done anymore (thanks to regulations) and purchasing information (which he's admitted to getting upgrades in advance either on thestreet.com or in his book, i forget which) in advance.
i'd give him credit for hiring good traders. but also, you can read in his book how one of his best years was almost solely because of his wife - while he was selling everything in oct 98 and posting on thestreet how the sky was falling and to get out of everything, his wife was triple (?) margined the company going long. dead on.
> Last i looked his picks were right around 50/50..which is better than most.
that's not 'better than most'. and 50/50 - or worse - is fine if you let your winners run and cut your losses. he has the OPPOSITE view - cut most of your winners, and double down on losses.
and in his past, he's talked about how he doesn't believe in 'stop losses'.
his action alerts portfolio - which is INVESTING - has been below the market indices during most of its 5 year run. and that's not including when the portfolio was reset soon after it was created....because it was down so much.
there's a quote from thestreet years ago, which i've posted on ET somewhere, where he (cramer) writes an article about how you (person at home) can invest better than he can, but he can outrade 'you' because he has access to information you don't and can trade on the upgrade before 'you' can. if you think he's still getting that kind of information now, i've got a bridge to sell you...
