Friday, March 13, 2009

"We are capitalizing your adventure." 

That's Jon Stewart from pt 2 of his much-discussed interview with Jim Cramer. See the whole thing here, if you haven't done so, or if you want to see it again.

Now, as someone who has watched Cramer for about a decade, and who has read his books, I'm something of a Cramer apologist. To me, Confessions of a Street Addict reads like an extended love letter from Cramer to his wife and You Got Screwed! is full of decent financial advice, plus plenty of justified criticism of Wall St. (though not enough is self-directed). I'm not a fan of Cramer's tv "shtick", which is all that most viewers see. I'm always trying to look past it to see if there is something telling behind the showmanship. But in general I think Cramer's stock-picking show is dull, and you should pretty much ignore Cramer when he's bullish about something (which is most of the time). But his books and his strategy for novice investors aren't that bad.

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I guess all that I'm saying here is that Cramer's books are surprisingly useful, unlike his tv shtick.

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2 Comments:

Well done! I picked out the same quote.

By Blogger jeffrey, at 10:37 AM  

Yay! It's definitely a beaut.

By Blogger oyster, at 10:41 AM