How Money Works Investors Are Trying to Make Money By Doing The Opposite Of Jim Cramer - How Money Works | How Money Works
Investors Are Trying to Make Money By Doing The Opposite Of Jim Cramer - How Money Works
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Mad Money is a finance television program that has been running for 17 years on CNBC and is hosted by this man, Jim Cramer, a former Goldman Sachs trader and hedge fund manager turned reality TV star.
He was the OG personal finance personality.
Cramer has by all accounts had a very successful career, according to his own records his hedge fund returned 24% annualised returns over his 14 years managing the fund, which netted him around TEN MILLION dollars a year in take home pay.
His experience on wall street and strong personality made him a great pick to host a TV show which has performed very well over the years it has been on air, even if it’s not for the best reasons.
The show runners and Cramer himself have said that the stocks they discuss should not become a major part of a viewer’s portfolio and that people’s life savings should be made up of a low-risk diverse selection of stocks, bonds and real estate.
But this sounds familiar, doesn’t it? This is just the TV show version of, “hashtag not financial advice”.
It’s difficult to watch, because a confident looking man that positions themselves as an authority on the subject talking about how a stock is about to make everybody rich is going to make some people buy in no matter how many disclaimers are made.
His catch phrase is “I just want to make you money”
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Edited By: Andrew Gonzales
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