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To: Paul Senior who wrote (45809)	4/26/2006 10:34:57 PM
From: masa	Read Replies (2) \| Respond to of 118717

I actually watch Cramer almost every night. But I don't do (almost) anything based on what he says. His investment style is too far from mine. But I think I am getting something from him, and that is: different points of view, questioning what I am doing. It does not hurt me to consider things, and then do whatever I believe is the right thing to do. Usually it means: do nothing. But of course I am somewhat experienced investor (well and somewhat successful), not a newcomer. Cramer has said that he is following about 2000 stocks. I don't believe anyone can do it thoroughly enough, I mean really understand them all. I only invest in companies I understand (which is quite limited). So: Mad Money is just a show.

To: Paul Senior who wrote (45809)	4/27/2006 3:52:57 AM
From: Madharry	Respond to of 118717

Re cramer- in his first book I recollect he made a lot of money buy buying de-mutualized banks. He also had a strategy he learned from his wife the trader, which was buy paying comissions he could find out when a mutual fund was pretty much done selling out its position so he could frequently benfit from a quick percentage upsurge by buying the last lot for sale. He also supposedly rode the tech boom and got out in march of 2000 at just the right time. Re greenblatt- in his first book he stressed that owning something like 8-10 stocks gave you most of the diversifaction required so he probably held very few positions at a time in his hedge fund. we really dont know how big it actually was. he also alluded to some situations in his book which had returns in excess of 600% such as Liberty Media. It doesnt take too many stocks like that to boost returns. The return in the gotham fund was over 10 years in the first book.