Patterico's Pontifications

3/17/2008

If You Take Your Investment Advice from TV Talking Heads, You Are an Idiot

Filed under: General — Patterico @ 7:04 pm

As Jim Cramer proves here.

7 Comments

  1. If the TV talking heads mention an fluctuating investment (like stocks), the time to get in has already passed.

    Comment by Paul — 3/17/2008 @ 7:19 pm

  2. Cramer is entertainment.
    That said, the principles he propounds are the right ones; but his extreme hyperactivity makes him more of a clown than an advisor.

    Comment by kishnevi — 3/17/2008 @ 7:19 pm

  3. Just have to play the game.

    Comment by NeoconNews.com — 3/17/2008 @ 8:00 pm

  4. The principles he propounds didn’t work out too well with Bear Stearns.

    Comment by Patterico — 3/17/2008 @ 8:05 pm

  5. Well wait a minute: I always thought that the louder you spoke into the TV monitor, the more you knew what you were talking about. You mean I have been wrong all this time?

    And please don’t tell me that I am wrong in assuming that the more likely you are to use the word “fuck” in a blog comment, the more likely you are to have a really interesting opinion.

    Comment by JVW — 3/17/2008 @ 8:32 pm

  6. As I understand Cramer’s comments, he is responding to a question about moving an account from Bear not commenting on the stock. Bear was taken over and the accounts are still whole. I understand the equity holders are not, but that wasn’t the question he was answering.

    Rick

    Comment by Rick Caird — 3/18/2008 @ 6:25 am

  7. Agreed, but I am not at all sure that you are any better off following the research advice from any of the major wire houses.

    Comment by Bar Sinister — 3/18/2008 @ 6:47 am

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