Show HN: Jim Cramer Stock Pick Performance | Hacker News Reader

Show HN: Jim Cramer Stock Pick Performance

quiverquant.com

22 pointsckardat12315 comments

Inverse Cramer Strategy is interesting but it's not exactly an inverse strategy. From the description:

   This strategy takes a short position in Cramer's 10 most-recommended tickers (whether bullish or bearish) over the previous 30 days, and hedges it with a long position in the market index.

A true inverse strategy will go short on his bullish tickers and long on his bearish tickers. Also, value-weighting will be more appropriate rather than equal-weighting.

Is the 'return since' the return of holding the stock? Or it the return, given you went in the direction Cramer recommended?

And if so, is there a difference between 'hold' and 'bullish'?

It's the return of the stock since his pick

Please let me know if you have any feedback on the dashboard.

The data is currently updated approximately daily, although if the page sees significant interest I may look into increasing the update frequency.

I would have liked to see a section discussing what the long strategy looks like before presenting the short strategy. I imagine it's just the inverse of the short strategy? What if you apply different rebalancing rules to the long strategy?

So at the end of the day, did he beat the market?

I think the link shows the inverse Cramer to be successful. So everything opposite to what he says wins.

"Inverse Cramer Strategy" is gold.

Sadly it probably won't work reliably.

$SJIM

The tell that investment advice is bs:

Is this person rich and successful solely or in large part just from their investments?

Where's the proof?

Very few people are billionaires from investing. If Nassim Nicholas Taleb is such a great investor, where is his hedge fund? He's a writer who sells compelling books, nothing more!

As Paul Graham states, billionaires build.

Warren Buffett is the exception that proves the rule, and even he says "Just toss your money into an index fund."

If the richest (and therefore wisest) investor in the world is humble enough to admit that it's a (nearly) impossible game to win at, then who is Jim Cramer?

Hedge Funds delenda est.

It’s amazing to me that otherwise smart people can’t see this. Maybe there’s a fog of war thing going on when it comes to the equity markets because I imagine many would question the exact same behavior coming from a sports handicapper or race track tout but don’t see it with the Cramers of the world.

Cramer's hedge fund did very well, and his picks for his sales clients at Goldman were very good and his reputation based on making a lot of money for sales clients gave him the ability to raise his fund.

Running a huge fund is very stressful and Cramer I don't think was cut out for it. It's a lot easier to perform on TV and he has made a lot of money that way. In the 90's I respected him but I think he has fallen a long way from there.

I was reading the Psychology of Money, where the author talked about Benjamin Graham, who was a mentor to Buffet, and it mentioned that most of Graham's wealth came from a few stock picks that went against everything he wrote about in the the iconic book, Intelligent Investor.

So it kind of is about luck.

> If Nassim Nicholas Taleb is such a great investor, where is his hedge fund?

Taleb was a founding partner of Empirica Capital from 1999 until about 2006. He has also been active in Universa https://www.universa.net/, which is an active black swan fund selling long-vol strategies.

Empirica Capital being so successful they shuttered it https://www.tavakolistructuredfinance.com/2009/06/talebs-str...

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