To: Adam Weiner who wrote (555 ) 5/19/1999 8:36:00 AM From: Stocker Read Replies (1) | Respond to
Ok. You said I guess he finally realized that since almost every call he makes is wrong, he might as well not let it determine his happiness, otherwise he'd probably turn bipolar. Most people in this situation would finally realize their incompetence and find another career - Cramer instead learned to accept his ineptitude with ignorant bliss. the analysts he berates Please name one. Berating someone in my opinion is attacking them personally (which is what you and others here are doing). Who has he attacked personally?? It's a whole different thing when Cramer writes about a bad call made by an analyst who is paid to make good calls, who basically works for fund managers like Cramer. Analyst calls and the analysts themselves are judged constantly by the institutional investors they serve, it's just that the public rarely sees someone in Cramer's position call an analyst's bluff in public. I've been a subscriber to the site for more than two years now and I've yet to see Cramer "rip" anyone apart. As a writer, his job is to bring out the truth. If that sometimes means a talking head's, analyst's, or another fund manager's mistake is brought to the forefront when they would prefer it be kept quiet, then so be it. That's what good journalists get paid for. The reason you don't see other journalists writing hard hitting commentary about analyst blunders is because they are in bed with the analysts - they rely on analysts for story ideas and information. Cramer's not in that position, and that's a good thing. You said Those guys depend on their good name to make a living. - just as Cramer or anyone does. An analyst makes a good name for himself by not following the herd, by making well thought out calls, etc. The guys with a "good name" aren't the guys you'll see Cramer talking about in a negative light. It's the analysts who are nothing more than stock promoters that Cramer calls to task, and just because Cramer's one of the only guys who does it doesn't mean that he's the one with the problem. Who sticks up for the analysts who don't have a publication like TSC to defend themselves? I've seen Cramer write just as many positive things about analyst's as negative. Are you sticking up for the bad analysts Cramer has mentioned?
