Squawk box hazing Cramer!

Quote from pdbro:

I read his biography a long time ago when i was stupid enough to look for inspiration from the guy. First of all, he has no ability whatsoever to read a chart. The poor guy can't even find a bottom which is looking for a simple uptrend which is class 101 TA.

The next thing is that the guy is an enternal bull. He is constantly bullish on everything and is thus one sighted. He is like a hypomanic mutual fund with 100% confidence in their simple minded one strategy approach of buying a company because of it's long term fundamentals. To bad he can't understand he needs to diversify strategies and not stocks.

Thirdly, the way he made money while being a hedge fund manager is actually an illegal practice today. Because even back then Cramer was the personality of wall street he could easily get any CEO in for a meeting or a conversation on the phone. Him and Jeff Berkowitz would tag team the CEO's and ask every piece of vital information which is totally illegal now.

Lastly, the reason cramer quit being a hedge fund manager was because he lost around 29% during august of 1998. He regained some of that but never made it back to positive grounds. Soon after that inviting CEO's to lunch for some talk became illegal and now he has to misform the entire population that watches his show how to invest and trade in stocks.

This just reaffirms my opinion that wall street is hugely based on hype. Oh well, makes it the more easier to make money in the future.
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the above doesn't explain why few make it.
I am waiting for your assessment of jim rogers and george soros.
 
Quote from Cutten:

By that logic, Anna Nicole Smith is even more admirable than Cramer.

If you value only money then yes, Cramer is successful. But most people - people with a brain and some self-respect - also value things like credibility, skill, integrity etc. Otherwise schools would teach everyone how to be the next Al Capone (except not get caught).

Cramer is rich, but has no market skill, no remaining credibility, rapidly diminishing integrity, and has becoming the laughing stock of the Street. Believe me, rich people would give away 90% of their net worth to recapture those other qualities. You can bet your bottom dollar that Cramer *craves* respect, he would give his right arm to be able to trade well.
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I agree Cramer is or has become an attention craving media whore. I seems like he's trying to substitute the satisfaction of making money with being loved and admired on TV; a strategy that is clearly failing. But for the rest, I disagree.

This is Wall Street, not a charity event of 'who is the most likable guy'. Money talks, bullshit walks. As long as you're making money and you don't get caught you could be Lucifer himself, it wouldn't make a difference.

Ever hear anybody say what a great likable guy with 'credibility' and 'integrity' Eddie Lampert, Steven Cohen or Ken Griffin etc. are? Nobody cares about their charisma, all that matters is their net worth and their performance last quarter. As long as their performance is great, everybody wants to be best friends with them. Once performance falters, nobody returns their calls and suddenly remembers what 'egoistic, low-credibility assholes' they were.
 
Quote from makloda:

I agree Cramer is or has become an attention craving media whore.
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So do I:

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