johnlewing

Boo-yah! Barron's Shorts Cramer

It's interesting that you seem to ignore the obvious point of the Barron's report which is quite simple:

Cramer does not add value based on the period analyzed, and investors should be very dubious of his emotionally charged advice.

This is true statement about the vast majority of money managers, and I would guess that the one's that seek attention through journalism are the most dangerous to novice investors.

Unfortunately the best advice Cramer can give to the folks that are entertained by him is to simply invest in an index fund or diversified basket of ETF's. But even though Cramer likely knows that he adds no value, his schtick would not play well if it were preceded by his own admonitions about the financially dangerous spoutings to follow.

Whether Cramer actually added value while he was a hedge fund manager is difficult to know - even so-called sophisticated investors (this usually is just slang for people that can afford to lose money) are pretty clueless about performance evaluation and attribution.

It's a good service for Barron's to point out Cramer's poor track record, but it's not too tough to see his lack of value by listening to his words and following up the results as this internet blogger did:

www.youtube.com/watch?...

You have to give it to Cramer for putting himself up to scrutiny........the unfortunate reality is that he offers little beyond smart sounding conjecture.

johnny b. dog

p.s. those that talk do not know. those that know do not talk.