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Politics : Formerly About Advanced Micro Devices
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To: Paul Engel who wrote (71510)9/9/1999 2:34:00 PM
From: Burt Masnick  Read Replies (2) of 1574023
 
Paul - I'm pretty familiar with Cramer's investing record which is terrific (many years with 30%, 40% returns). Unfortunately his investment style is "momentum" which means that he attempts (and usually succeeds) to ride the hot pony. I personally don't care much for that style, but he has been VERY successful with it for close to 20 years. Last year, he zigged when he should have zagged (I think it was last October) and essentially blew away the years profits on guessing market direction wrong. The NYTimes got wind of this and wrote an article showing how he only made 1% in a year when the S&P made 30% which made him look like an idiot. Agreed, that his investment style is not for me but he is no jerk. And he didn't short AMD. But he has expressed, to say the least, extreme displeasure with the leadership of one J. Sanders.

Regards,
Burt
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