There’s been plenty of articles about those in either direction. I don’t subscribe to his newsletter or follow his picks and I haven’t read his last book or so. Ten things I Learned from Jim Cramer 1) Return emails. If my own mother sends me an email it might take me six months to return it. 10 convert arb opportunities, How to trade gap down opens, etc.
I was just a day late even wishing her a Happy Birthday. (Only one other guy responded to me and I ended up trading for him, starting a career trading for several hedge funds and then starting a fund of funds. If you have a TV show where you wear costumes, yell at the screen, throw chairs, and interview guests often in the hope for some laughs then I don’t think anyone would call that anything other than entertainment.
Here are 10 things I learned trading for Victor Niederhoffer). I framed the 0 check I got after I wrote my first article for them (the framer said, “are you sure you don’t want to cash this? When I sold Stockpickr to thestreet, Jim signed the back of that 0 check. Jim has said this repeatedly that he’s an entertainer.
Jim wrote back almost immediately: “You should write these! I need to get better at responding to people who write to me. I think the key is to even be able to write back and say “Thanks! 99% of people shouldn’t be buying stocks anyway (this is my opinion) and those that do buy stocks should do their own research.
The channel provides real-time stock quotes that are linked to videos on the quoted stocks, and you have the ability to set up your own portfolio within the channel.Rather than swearing off the former hedge fund manager’s advice, all that may be required is the poise and patience to wait a couple of weeks before putting your money where his mouth is, judging from a study into trading patterns after each airing of Mad Money on weekday nights.Cramer himself urges viewers to avoid the temptation to rush right in, especially during after-hours trading, though he doesn’t see a need to hold off for weeks. It’s rare for average investors to have direct access to a professional stock picker with Cramer’s vast knowledge and experience.The first time I met Cramer was on the set of his show “Mad Money”. I probably did dozens of videos with Jim after that and got to know him quite a bit. I have zero business relationship with Jim or thestreet nor do I intend on having one. In the fall of 2002 I wrote Jim and gave him 10 ideas for articles he should write.The show hadn’t officially launched yet but he wanted to try out the idea of having guests on the dress rehearsals. I did so poorly he immediately dashed the idea (at least initially) of having guests on the set. In the meantime, some disclaimers: this article has nothing to do with his stock picks. If anything, I’m going in the exact opposite direction of writing about stocks. This was during a period (described in an earlier post, or maybe a post I plan to write but haven’t yet) when my only idea for getting out of the gutter I was in was coming up with ideas for other people and sending it to them. Some of the article ideas I suggested Jim write were “10 stocks trading below cash” (this was September, 2002 where even TSCM was trading below cash).