To: SliderOnTheBlack who wrote (329 ) 2/27/1999 10:42:00 PM From: Adam Weiner Read Replies (3) | Respond to of 766
The issue I have with Cramer's returns as disclosed in the NY times article is that it casts serious doubts on his actual ability to make money in the market (and in turn make money for the people who read TSC). While I have disagreed with some of his writings, I felt much of what he wrote was insightful and useful. However, now I must reconsider that evaluation. I mean, the whole purpose of reading publications like TSC is to help make money in the market, right? People don't just read them for entertainment. So, if he can't beat the market, and in fact woefully underperforms it, how are people benefiting from his articles - if what he knows doesn't work for him, why should we believe it will work for anyone else? I must admit, if this were any other analyst/pundit, I would not be compelled to speak up on SI. But unlike other analysts, this man goes out of his way to constantly attack other analysts. "Attack" is not the word; Cramer attempts to eviscerate them. When I would read his angry diatribes against these analysts, I assumed I was reading the rantings of a market genius who, like other "geniuses", simply couldn't tolerate mediocrity in his discipline. Sad to say we come to learn this man is nowhere near a genius; he's not even as smart as the market, and probably not as smart as half the analysts he pillories. Cramer has an ever-growing forum on TSC, and his constant attacks against other analysts can pose a threat to their credibility and livelihood. If he's allowed to throw aspersions, well, then, Cramer, don't be surprised when they come back at you. Payback's a bitch, isn't it? BTW, kudos to the NY Times. Even though they had a material interest in TSC, they ran an article they knew could hurt his credibility and in turn TSC. The NY Times rarely disappoints in reaffirming my confidence in the American press.