04/12/2009 05:12 am ET | Updated May 25, 2011

Jim Cramer's Former Partner Speaks Out

The first thing I remember about Jim Cramer was how engaging he was, even over the phone. He was highly intelligent and masterful at harnessing information, which he used to his advantage time and time again. There's nothing wrong with that unless you cross a regulatory line or put other people in harm's way.

At the root of the current conflict is the notion of responsible reporting. Therein lies the question of intent and consciousness. I sat across from Jim in February of 2000 when he wrote his infamous "Winners of the New World" article, pushing ten high-flying tech stocks to an unsuspecting public. While that proved disastrous, there was no malice involved--he bought into his own gospel.