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Pastimes : James Cramer Skeptic Thread -- Ignore unavailable to you. Want to Upgrade?

To: RainMan29 who wrote (1222)	5/1/1999 1:54:00 AM
From: AlienTech	Read Replies (1) \| Respond to of 1254

>>Several of those years were above 40%. Nevertheless, the returns were quite impressive, especially when managing hundreds of millions of dollars. << In his dreams.

To: RainMan29 who wrote (1222)	5/1/1999 1:58:00 AM
From: mr.mark	Respond to of 1254

to keep things in their proper perspective, let's remember (for starters) when asking for a copy of "the performance of WmGladstone last year" that gladstone probably isn't being paid a salary to manage other people's money. :) mark

To: RainMan29 who wrote (1222)	5/3/1999 1:19:00 AM
From: synchro	Respond to of 1254

Is his outperformance due to superior stock selection/timing, or is it just due to leverage? Remember, even a stupid, idiotic, dumb, loud monkey can outperform the S&P if it just buys an S&P index fund on margin for the last 15 years...Of course, it is questionable whether any stupid, idiotic, dumb, quiet investment bank would lend to a monkey. (hmmm...perhaps those yahoos that lent money to Long Term Capital) Mr. Cramer is just that -- a newbie never really tested by a bear market. But then I guess I'm a newbie too, and so is 95% of the punters out there.

To: RainMan29 who wrote (1222)	5/6/1999 3:55:00 PM
From: ThomasJeferson	Read Replies (2) \| Respond to of 1254

Cramer had good results for several years, but how did he do it? In my opinion, last Sunday's (5/2/99) was an attempt by Cramer to talk up what he owns (his term). He owns Yahoo, AOL, and eBay, in case anyone wants to go out and buy them. He doesn't own Amazon, and it missed its target last week anyway and is sinking. A month ago he was praising it, but anyone who bought it then is behind now. We all understand that when he wrote about it, that wasn't really a recommendation to buy. What other fund managers enjoy this kind of access to the press for talking about their stocks? Why does he need a trading goddess when he has the Hearst Newspaper syndicate (or whatever it is)? Did anyone actually believe that he hadn't shorted WavePhore? Next week I want to print the rest of his excuses for the shorting IBM fiasco from the February 5, 1996 issue of New York. Anyone can read it and decide for themselves what happened.