I expect he can read a cash flow statement just fine. Do you have any evidence that he can't, outside of his liking a stock that you don't?
I'm more interested in the question you raise: why does he write so much in the first place? I dunno about that the "he loves the circus" line. I don't watch television so I can't judge what he's like in the most circus-like medium. I have read every column of his on TSC. I buy his Home Depot analogy. IMHO, Cramer thinks the stock market is the neatest, coolest thing in the whole world, _and_ he understands it very well, _and_ he enjoys sharing that understanding with other people.
Suppose Cramer had a choice of going to dinner with six other people and talking about stocks all evening, or going on national television and talking about something that had nothing to do with the market for half an hour. Which do you think he would choose? A circus-lover would choose the latter, but I really think Cramer would go for the former. Fame is a nice side effect but I don't think that's his primary driver.
Hey, on a lighter note, here is a quote from a recent Cramer chat:
Question: Jim, what is the likelihood of 24 hour markets, and what would be the implications (e.g. for day traders).
TSCNYjjc: No likelihood, and I will tell you why. I trade for about 21 hours a day right now--no I am not kidding, and there is often no one at the other end of the phone.
Uh, Jim, when there is no one at the other end of the phone ... if you start getting fills on those orders, it's time to slow down! |
