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Here’s a video I found while surfing YouTube:
Now, I’ve read a little about Jim Cramer before — and wrote a brief piece about him last spring — but I’ve never seen him live. Is he always like this? How’s his financial advice?
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February 21st, 2007 at 2:05 pm
Actually, this is really tame and slow-paced compared to the “Lightning Round” which is available daily as a free video podcast through iTunes (2nd-highest-ranked business-related podcast, BTW). Yes, I like Jim Cramer, and I love his breadth and depth of knowledge of stocks (just watch the Lightning Round to see users call in about random stocks and he always has an opinion). I don’t know if I’d call him a good financial advisor, but I think he’s a good stock picker for those who are into picking stocks.
February 21st, 2007 at 2:27 pm
While I don’t watch this guy, that clip reminded me of an infomercial.. Perhaps like the ever-popular Oreck vacuum comercial….an old guy pitching his wares any which way he can…
This type of show combines advertising gimmicks with a pinch of finance info. It’s an interesting concept, but then, I’m no stock picker either.
February 21st, 2007 at 2:32 pm
Jim Cramer is an amazing financial analyst and adviser. He made millions before giving up the game to ‘relax’ (if you watch his show, you can imagine how wound up he was before).
The reason he gets trashed is because he has to come up with a different stock and story 5 days out of the week. The fact is, things don’t change THAT much, so sometimes he digs really deep. People don’t do their own homework, treat everything he says as gospel, don’t know when to buy, when to sell and lose money.
His episodes towards the new year provided much better advice. He picked his top value, growth and speculative stocks for the year, which have performed amazingly well.
Off the top of my head.
His top growth stock last year was ATI (up over 100% on the year!)
February 21st, 2007 at 3:43 pm
I like Jim Cramer and when I get a chance I listen to his radio show. I hardly ever get a chance to watch his tv show though. He is very animated and fun to listen to. What makes him different than other stock pickers is that he publishes his portfolio and you can buy exactly what he buys and sell exactly what he sells. He sends out emails to subscribers letting them know when he is going to buy and sell. He also has some blurb on his show about stocks that he mentions on air, and when he can buy or sell them, so he doesn’t just hype the stocks that he owns to make a profit.
February 21st, 2007 at 4:34 pm
Don’t watch Mad Money for investment advice, but only for cheap entertainment. Instead, read his columns in New York Magazine. They are well-reasoned and timely.
February 21st, 2007 at 4:50 pm
The show seems a little toned down from what he used to be like on his radio show Money 101 which ended in December. He was great to listen to.
February 21st, 2007 at 5:41 pm
yeah, that was the most tame, quietest i’ve ever seen him.
February 21st, 2007 at 6:45 pm
Yep, very tame for Cramer. Catch a Lightning Round. I know nothing about investing, nothing about “inside business”, and I don’t take his advice (I don’t really invest) - but I’ll watch Cramer - guy is just entertaining.
February 21st, 2007 at 8:45 pm
don’t trust cramer. he’ll pump stocks and say it’s going to the moon then suddenly it plunges like crazy. he probably makes money shorting those stocks. check this for example: http://finance.yahoo.com/q/bc?s=CWTR&t=3m he recommended coldwater creek at $30 and kept telling the world it was going to hit $40 or maybe even $50. soon after it dropped to less than $20. there wasn’t any scandals or anything unexpected like that to cause it to drop like that.
take a look at the video in this blog as an example as well. it was aired on january 6 and apple was $97 at the time. where is it now? $89!!!! that’s a 9% drop since cramer praised this as a growth stock that you cannot lose with!!!
trade on your on homework…not from people who act like they know how a stock will rise or fall.
February 21st, 2007 at 9:52 pm
Cramer rules! Boo-yah!
Homework, my eye. Hasn’t anyone ever heard of “earnings surprises?” Hello! They’re SUR-PRI-SES! So much for homework.
Cramer is good because his style forces you to accept or reject his analysis immediately. That’s why it’s entertaining.
February 22nd, 2007 at 6:28 am
I think he makes smart recommendations - his fundamentals seem solid - although, he is not well respected by the NYC finance community. They think he is a blathering idiot. Just like anything else out there - I listen and take it into consideration as a piece of decision process.
February 22nd, 2007 at 8:45 am
Jim Cramer is entertaining, he is fun to watch. I often go to the street.com for his advice and articles.
For as TV, I do not watch him as much
To say you are not a fan of the stock market, why do you have making money in the stock market ads as your sponser?
February 22nd, 2007 at 1:32 pm
He throws out some sound wisdom from time to time, you just have to take into account that he trys to buy at bottoms, and he isn’t always right.
He is, however, worth over 600 million, so he has a little clout.
February 23rd, 2007 at 10:48 am
Jim’s radio show was much more laid back, but unfortunately he doesn’t do it anymore.
You have to respect someone with his kind of knowledge. People call in to his show with dozens of stocks and he almost always has an opinion. I listened to his radio show for about 8 months before it ended and only once did he have to say to a caller “you know, I honestly don’t know a thing about that company.”
And he is under very very strict restrictions on what he does in the market (no personal investing, only his charitable trust, which is not allowed to short stocks).
He’s not always right– it’s impossible to be a stock picker and always be right. Anyone who tells you otherwise is lying to you.
However, his philosophy (homework homework homework!) is sound and you could do a lot worse than to read his books.
November 15th, 2007 at 1:34 pm
@ryan, how is apple stock doing? 164? Up 70%? LOL Please send me money…