[truth777]

The tell that investment advice is bs:

Is this person rich and successful solely or in large part just from their investments?

Where's the proof?

Very few people are billionaires from investing. If Nassim Nicholas Taleb is such a great investor, where is his hedge fund? He's a writer who sells compelling books, nothing more!

As Paul Graham states, billionaires build.

Warren Buffett is the exception that proves the rule, and even he says "Just toss your money into an index fund."

If the richest (and therefore wisest) investor in the world is humble enough to admit that it's a (nearly) impossible game to win at, then who is Jim Cramer?

Hedge Funds delenda est.

[0x445442]

It’s amazing to me that otherwise smart people can’t see this. Maybe there’s a fog of war thing going on when it comes to the equity markets because I imagine many would question the exact same behavior coming from a sports handicapper or race track tout but don’t see it with the Cramers of the world.

[MrMan]

Cramer's hedge fund did very well, and his picks for his sales clients at Goldman were very good and his reputation based on making a lot of money for sales clients gave him the ability to raise his fund.

Running a huge fund is very stressful and Cramer I don't think was cut out for it. It's a lot easier to perform on TV and he has made a lot of money that way. In the 90's I respected him but I think he has fallen a long way from there.

[Donald]

> If Nassim Nicholas Taleb is such a great investor, where is his hedge fund?

Taleb was a founding partner of Empirica Capital from 1999 until about 2006. He has also been active in Universa https://www.universa.net/, which is an active black swan fund selling long-vol strategies.

[easytiger]

Empirica Capital being so successful they shuttered it https://www.tavakolistructuredfinance.com/2009/06/talebs-str...

[anshumankmr]

I was reading the Psychology of Money, where the author talked about Benjamin Graham, who was a mentor to Buffet, and it mentioned that most of Graham's wealth came from a few stock picks that went against everything he wrote about in the the iconic book, Intelligent Investor.

So it kind of is about luck.