iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
20,626 Blog Posts

Tip of the Hat to James Cramer

I know everyone loves to hate Jim Cramer, including me. We all sit atop our high perches and besmirch, over and over again–because we’re better, sans his $500 million net worth. We poke fun at “how stupid he is” and “how bad his picks are,” even go as far as to suggest he’s a contrarian indicator–part of a short selling cabal alongside his ageless friend, Herbert Greenberg.

All that aside, who puts in the effort that Jimmy does, day in and day out? Each and every morning, the man must drink a large mug, brimming with Columbian cocaine–just to get started. He’s on in the morning, the afternoon, and again during Mad Money. In case the “markets are in turmoil,” Jimmy stays up with us for as long as the CNBC will let him, discussing the market, trying to offer sage advice.

I shouldn’t be so hard on Cramer, since I could never do what he does. Tonight was his 2,000th show and I’d like to congratulate him for doing the public a service. He might not get every call right and he might even muck up a few (who doesn’t?); but, he soldiers on and aims to win on a daily basis, while you perverts and drug addicts make fun of him from your Lazy Boy recliners.

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23 comments

  1. mojo

    epic.

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  2. xxxhuggiebearxxx

    He is one of the hardest working men in show business.

    I remember reading a quote from him long ago about what it took to be successful in money management, and i believe he simply said “get up earlier than everyone else.”

    As i’ve gotten older, I’ve realized there is a lot of truth in that statement across all disciplines.

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  3. TaoOfPatrick

    I started out with Following and Reading Cramer.Even joined Action Alert Plus.I learned a lot from him,so I don’t put him down.I knew I had to step up my game so I joined you,Chess and the gang.Couldn’t be happier.Tip of the Hat!

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  4. TaoOfPatrick

    I started out with Following and Reading Cramer.Even joined Action Alert Plus.I learned a lot from him,so I don’t put him down.I knew I had to step up my game so I joined you,Chess and the gang.Couldn’t be happier.Tip of the Hat!

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  5. TaoOfPatrick

    aka Jimmy Two-Times!

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  6. purdy

    His greatest contribution: http://www.cnbc.com/id/100000942

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  7. kapitalist

    I used to love watching Cramer when I first got into the market. He would get me so pumped up for investing. I still respect his enthusiasm for the game.

    On the flip side, EVERY time he has made a call on a stock I was owning at the time or was about to buy, he has gotten it completely wrong. The most recent of which was YGE five days ago. He stated that he would advise selling YGE because it was a company based in China. Not being a xenophobe myself, I’ve watched the stock make 30% since he stated his opinion.

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  8. matt_bear

    did he bang Erin Burnett? The way they interacted back in 08-09, she was smitten of him. You could see it thru the camera.

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  9. pedro

    I prefer to remember ole Jimmy thru this video instead:

    http://www.youtube.com/watch?v=wdqGS0RWlcw

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  10. steak

    I don’t think Cramer’s an idiot, by any means. I do think that his job – picking ~5 “winners” on a daily basis – is impossible.

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  11. narwhal

    He said every morning, he feels like he’s been shot out of a cannon! He has a dark side too, lurking below the surface, probably kept at bay by anti murder pills.

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  12. StocksRider

    Fly, well said. Sometimes intentions matter. Even in unpredictable worlds like the markets, a man with the right intention helps more often than not.

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  13. narwhal

    That clip is magnificent.

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  14. tradingnymph

    Met him at USC Show,he even gave me a shoutout on one of his shows once. He was my original teacher and if the market was total fundie I would still be hanging out at Real Money everyday. Yet, something happened in Oct 2008, when I recommended Chattem, Jim had the CEO on his show saying everything was great. Then it, along with the rest of the market fell apart and I learned Good Stocks can go down…Miss being bullish, but Bubbles always pop, and I have to find out how this one finally does. Congrats Jim..one day I will be Bullish again.

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  15. winescale

    Well said Sir Fly, he puts out quality content and is much more good then bad from an advice perspective.
    He is not as accurate as the PPT, but what human could be.

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  16. txchick57

    I go WAY back with him to his American Lawyer days. In the 1990s, I used to email him with stock ideas and themes and he would answer and comment on every one.

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  17. TheHarper

    Glad you wrote this. Jim Cramer is a mensche.

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  18. gatorsun

    have to respect anyone in the game who is transparent,,,making calls for the world to see.i like him, and hat tip to Fly for this post…hope Cramer sees it

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