nedsaid wrote:I don't know, my US Total Stock Market Index has done pretty well.
Cramer has a trader's mentaility and not an investor's mentality. He was probably very good at trading. I have noticed that he runs hot and cold on his recommendations and his market outlook. Within a week!!! One week he might be bullish and a week later be bearish. Like watching a Tennis match. My neck hurts on the back and forth of his recommendations.
He was not good at stock picking -- just like 9 out of 10 people (and closer to 10 out of 10 over the long term). He was a hedge fund manager, i.e. he made his money by short selling and market/stock manipulation. And he's still not good at stock picking. Someone (I think Ferri maybe?) linked an article here not too long ago that discussed the performance of his "hot tips." Dismal. A randomly chosen stock portfolio would have outperformed his suggestions in most cases during the period in question. I'm too lazy to locate and link the article here.