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To: Lizzie Tudor who wrote (60797)	6/5/1999 4:29:00 PM
From: dbblg	Respond to of 164684

>>I can't imagine why he would publish a return like that, I certainly wouldn't. One of his investors leaked his year-end letter to the NYT, which then published a catty piece about Cramer.

To: Lizzie Tudor who wrote (60797)	6/5/1999 4:40:00 PM
From: -	Respond to of 164684

Michelle, The articles about Cramer MAY have been in the Wall St. Journal... I tried to do a search there but am not an on-line subscriber to WSJ+Barrons. It was an expose' type article - some of the angry ex-investors in his hedge fund ratted him out to the press, which produced a flurry of stories. Cramer published a three-part "explanation" (his version of what happened last year) on thestreet.com while he was on vacation recently. His explanation was that he "bet the farm" last year on a spinoff from Hayes Modem, which blew up. Pretty good "trading" and "money management", for a guy who calls himself "The Trader", huh? And it was clear from his rebuttal, that he doesn't even have a basic understanding of the technology he was betting so massively on in the Hayes spin-off - it was something he got hyped on by his Wall St. pals. So, one could conclude that he's not much of an investor either! I guess that makes him a journalist... I will search for these articles and post them here/send them to you. It was quite a huge embarrassment for Cramer (he freely admits to and frequently alludes to that) and is also another example of the beauty of the net for keeping people more honest. If you study his past, it seems that he's never REALLY been a trader -he appears to be a (less than consistently successful) failed small-cap investor who's been able to persuade some investors to let him manage $250M (by his account), and a pretty good journalist. I would say, he's very good and very prolific at writing catchy pieces. And very smart, to wring $250M in personal wealth out of a website with little content worth reading, beside 2-3 writers.