Is he a fraud, /biz/?
Trick question.
He's a television personality HF guy whose claim to fame is encouraging uneducated retail investing.
From the "Selected Controversies" section of his Wikipedia page:
>"What's important when you are in that hedge-fund mode is to not do anything remotely truthful because the truth is so against your view, that it's important to create a new truth, to develop a fiction."
It would be fraudulent if it were revealed that Cramer isn't a fraud.
>>1808816
Is he a fraud? No.
Is he an idiot? Yes.
>>1809003
Last summer when Apple announced lower than expected China sales and was in low-90's he said people shouldn't it touch it until much lower. Sure enough now it's approaching 150's.
Thanks Cramer!
>>1808816
I wouldn't take his investing advice too seriously
>>1808816
The guy who screamed "don't pull your money out of Bear [Stearns]!!!1!" literally days before the bank went belly up and was swallowed by JP?
The guy who said that Lehman is safe and its management is much better than in Bear?
Take a guess...
when you actually hear him speak or what he writes, as opposed to the Mad Money persona, he's pretty level headed and realistic about nobody really being psychic. He offers advice, some of which is bad, some of which is fantastic, and the viewer is supposed to parse it and make a decision. he has a fair amount of credibility and a large viewership which means he can cause his own picks to move just by mentioning them.