I think we should be ashamed that we tolerate sideshow barkers on radio and television. Loud and colorful opinions might be stimulating, but the errors damage us.
Who will count the millions that CNBC’s Jim Cramer has led astray? This chart shows stock picks from his broadcast and his poor record.
Cramer’s peculiar tirade brought viewers to advertisers, but few others would benefit, if only a random few that threw dull darts at rubbery balloons charted in Cramer’s casino.
Too many took his view that investment is no more than speculation, and worse, investment is no more than gambling. He sold the pace of a game and distorted our social purpose.
Cramer’s record shows Cramer is wrong and people are hurt.