Hacker News new | ask | show | jobs
by 0x445442 1283 days ago
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.
1 comments

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.