Hacker News Reader

Comment by calderwoodra | Hacker News Reader

Is there any reason to believe that Jim Cramer (or the inverse of Jim Cramer) would do particularly well in the stock market?

I imagine following a cat picking random stocks works about as well. https://www.npr.org/sections/money/2013/01/14/169326326/hous...

View on HN

> Is there any reason to believe that Jim Cramer (or the inverse of Jim Cramer) would do particularly well in the stock market?

Jim Cramer, before he was on TV, did well beating the market as a fund manager. So there is a good reason to believe he could. Whether he could televise his strategy to retail investors and funds looking to profit from retail investors and make his viewers money is a different question.

He beat the market according to him, with no evidence to back it up. Multiple analysis of his stock picks that I have seen have all found his picks to underperform the market.

Inversing a pump and dump operation, provided it is well timed, can easily beat the market. Assuming that Cramer is a paid actor, this could probably be the case here

When you say, paid actor, are you proposing that Cramer is being paid by some fund to pump a stock that they already have a position in? I don't know, but I believe it'd be highly unlikely given that he had a pretty good career as a fund manager himself, probably doesn't need more money.

The article mentions (or links somewhere to this info) that there's no longer a Cramer pump, although there definitely was a couple years back

> probably doesn't need more money.

What's he doing on TV all the time then?

Having fun? What are rich founders doing that are still at the helm of their own company, what are rich fund managers doing that have already proven their merit?

Mostly making money because they don't know what else to do? Does anyone actually enjoy doing a ~daily tv show? Seems like a lot of work.

Well it takes a certain type of person...and I guess he's that person. I'm sure he likes the attention.

He probably also likes money. In my experience "has money" doesn't equal "can't be corrupt", to tie this back up a few levels in the thread.

WallStreetBets had something that was like a fish in a fishtank somehow directing stock purchases, versus WSB, and WSB lost.

It was a YouTuber, possibly inspired by a 2012 stunt

[1] https://www.youtube.com/watch?v=USKD3vPD6ZA

[2] https://www.forbes.com/sites/rickferri/2012/12/20/any-monkey...

OP's linked site Quantbase shows a WallStreetBets tracking portfolio with detailed performance history: https://www.getquantbase.com/details?fund=r/WallStreetBets%2...

Reply on news.ycombinator.com