Interesting video interview in which Geithner and Cramer discuss Europe as well as the US.
Showing posts with label Cramer. Show all posts
Showing posts with label Cramer. Show all posts
Thursday, September 15, 2011
Friday, March 13, 2009
YouTube - Jon Stewart vs Jim Cramer Interview Fight on Daily Show
While there was much hype in the days leading up to the show, the actual interview was pretty good. Jon Stewart vs Jim Cramer. Here is the link from The DailyShow for the entire episode.
Some talking points:
* Stewart's main point seems to be that while Cramer and CNBC claim to be looking out for investors, in actuality they are are nothing more than entertainment at best and accomplices at worst.
* It is interesting to see the discussion on Short Selling and the way that Cramer (and by inference other hedge fund managers) essentially lied to drive the price down. I would have to think the SEC might be interested in this.
* Stewart maintains that the financial media plays a role in governance. They dropped the ball.
* Cramer was good in admitting that success (year after year of 30% returns) changes our view and we forget that things go wrong.
* Line of the day from Stewart: "We are both snake oil salesmen, but I let people know I sell snake oil.:
* Line of the day from Cramer: "No one should be spared in this environment."
The whole interview (unedited) is also available. Here is the 3rd part:
Some talking points:
* Stewart's main point seems to be that while Cramer and CNBC claim to be looking out for investors, in actuality they are are nothing more than entertainment at best and accomplices at worst.
* It is interesting to see the discussion on Short Selling and the way that Cramer (and by inference other hedge fund managers) essentially lied to drive the price down. I would have to think the SEC might be interested in this.
* Stewart maintains that the financial media plays a role in governance. They dropped the ball.
* Cramer was good in admitting that success (year after year of 30% returns) changes our view and we forget that things go wrong.
* Line of the day from Stewart: "We are both snake oil salesmen, but I let people know I sell snake oil.:
* Line of the day from Cramer: "No one should be spared in this environment."
The whole interview (unedited) is also available. Here is the 3rd part:
Monday, February 09, 2009
Cramer's Star Outshines His Stock Picks - Barrons.com
I get more questions every year from students is on Jim Cramer than any other topic (well except "will this be on the test"). Most such questions come in two main flavors: "what do you think of Cramer" or "did you see Cramer talking about ....".
My stock answer is that while I think he is a really smart and hard working person, I have my reservations that anyone can consistently outperform the market and further most of the evidence suggests he can not.
My points were strengthened by Barrons this week:
Cramer's Star Outshines His Stock Picks - Barrons.com:
Further, recent price movements appear to be a factor in what stocks get discussed and their recommendations. While I am usually not a fan of charts, this one may show why he does not do very well; his buy recommendations are usually for stocks that have gone recently (while his sells are for those that have gone down).
All in all a good article and definitely worth reading.
Two past FinanceProfessor blog articles on Cramer that are of interest:
1. A Barron's article showing his stock picking was not not much better back in 2007.
2. A tirade (which turned out quite prophetic) from 2007 saying that rising rates and falling real estate markets were going to cause a major problem with liquidity.
Unrelated to Cramer but one tidbit in the article that I am looking forward to using in class: EventVestor.com. Seems like an easy way to do event studies that could be used in several classes. Stay tuned on that!
My stock answer is that while I think he is a really smart and hard working person, I have my reservations that anyone can consistently outperform the market and further most of the evidence suggests he can not.
My points were strengthened by Barrons this week:
Cramer's Star Outshines His Stock Picks - Barrons.com:
"The guy is a hardworking genius with a word of advice for everyone...many words of advice, actually. He dispenses thousands of Buy/Sell recommendations a year.....From May to December of last year....Cramer's Sells "made money" by outperforming the market on the downside by as much as five percentage points (depending on the holding period and benchmark). His Buys, however, lost up to 10 percentage points more than the market."But the article went on to discuss much more. For example Cramer's "prepared buys and sell recommendations" did (SLIGHTLY) better than the lightning round picks. Which might be because of more rigorous analysis but the differences (especially on buys) makes any theory speculative.
Further, recent price movements appear to be a factor in what stocks get discussed and their recommendations. While I am usually not a fan of charts, this one may show why he does not do very well; his buy recommendations are usually for stocks that have gone recently (while his sells are for those that have gone down).
All in all a good article and definitely worth reading.
Two past FinanceProfessor blog articles on Cramer that are of interest:
1. A Barron's article showing his stock picking was not not much better back in 2007.
2. A tirade (which turned out quite prophetic) from 2007 saying that rising rates and falling real estate markets were going to cause a major problem with liquidity.
Unrelated to Cramer but one tidbit in the article that I am looking forward to using in class: EventVestor.com. Seems like an easy way to do event studies that could be used in several classes. Stay tuned on that!
Wednesday, March 19, 2008
More news on Jim Cramer
I have never been a big fan of him (my thought has always been is that he is really smart and a great marketer), but this probably has gone too far. Does anyone really believe he didn't say "sell" last week because he was afraid to cause a run on the bank? Mmm...maybe...better to 'fess' up and admit your mistake. This is not your finest hour.
But anyways, here is his response after Bear had fallen.
By the way, thanks to a few readers who correctly pointed out that whoever is writing at Daily Show must have read Fooled by Randomness (or at least came to the same conclusion on their own). The suggested name for the new show (No Matter how well I do over the next ten years, I still won't make up all the money I lost with Bear) while poorly named from a marketing point of view, is the exact point Taleb's Randomness book begins off with.
But anyways, here is his response after Bear had fallen.
By the way, thanks to a few readers who correctly pointed out that whoever is writing at Daily Show must have read Fooled by Randomness (or at least came to the same conclusion on their own). The suggested name for the new show (No Matter how well I do over the next ten years, I still won't make up all the money I lost with Bear) while poorly named from a marketing point of view, is the exact point Taleb's Randomness book begins off with.
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