If you have something to say...
Say it on the Huffington Post
If you have something to say...
Say it on the Huffington Post
The new Rich List is out -- yet another example of financial pornography. While nearly 15 million Americans still can't find jobs due to the Wall Street-created crash, the top hedge manager, David Tepper, earned $1,057,692 an HOUR in 2012.
It's your choice. You can follow the bloviating hype of Cramer or the sound research of William F. Sharpe and many others. Which do you think is really "the best of the best"?
CNBC long ago made the business decision to operate like a casino in that they know they are going to cost you money, but they hope to provide enough pleasure in the meantime that you think it's worth the price to stick around.
When what you do is make money from money, it seems as if breaking or avoiding laws and rules create victimless crimes. It's all a big game, where each person is trying to out-hustle the other. It's him or me so what does it matter if we both cheat a bit?
Picking the country where stocks are likely to outperform is akin to gambling. Did Cramer pick Turkey in late 2011 as the top performing country in 2012? Why do you believe his predictive powers are more accurate this year?
Since women outperformed men, how did they do against market and risk-adjusted benchmarks? The same study demonstrated they underperformed.
While CNBC's fear of engaging in balanced financial reporting is understandable, because of its reliance on the securities industry for advertising revenues, its lack of ethics is indefensible.
Obviously, Jim Cramer is not always wrong. He has picked many winners, but overall his record is no better than one you would expect from random chance.
Before the liberals write the GOP's obituary it would be wise to acknowledge the role other "bubbles" play in inventing new and ingenious ways to get people to vote against their own self-interests. Rather than one all-encompassing "bubble" that hermetically seals the Republicans inside their media universe, there's no shortage of other equally important bubbles that serve corporate power. These bubbles often overlap in influence and personnel and still possess the awe-inspiring ability to persuade public opinion on the problems of greatest magnitude facing the United States today. Although it was amusing on election night to see Karl Rove on Fox News refuse to accept the reality of President Obama's Ohio victory, we shouldn't be too quick to draw totalizing conclusions from the Democratic victories.
I applaud Cramer for taking on the 401(k) industry. Now he should do investors a huge favor by either dispensing academically-based advice about the perils of market timing, stock picking and fund manager selection or go off the air.
You know what makes Jim Cramer mad? Common mistakes that diminish the power of your money. The Mad Money host has advice for even the most risk-averse investor.
those attending presumably assumed they were there to learn from real "alpha" experts, which is a fancy term describing the value added by a fund manager over its designated benchmark. They must have been disappointed.
In order to understand Romney's reliance on his Bain Capital experience, one must also gain an understanding about how private equity works, the prevailing general ignorance about which has, thus far, benefitted the Romney campaign.
In last Wednesday's CNBC-sponsored "Your Money, Your Vote" Republican Presidential Debate, an intriguing question was posed that goes to the heart of the issue "to what extent should America be willing to rely on the private sector for our economic recovery?"
In the elevator moving 9 floors up the Museum of Art and Design to Robert Restaurant, C and Jeffrey Toobin hotly debated the news of the day: the tria...
The Cramer interview is breathtaking in exposing the administration's total lack of understanding of the distorted formation of the price of oil and gasoline in today's markets and seemingly impervious to its cost to the economy and its destructive impact on jobs.
