February 18, 2015

Why should you listen to nobel laureates in Economics instead of buffoons like Jim Cramer or others on television?

3 thoughts on “February 18, 2015”

  1. Elizabeth Barske says:

    Nobel winners are a far more credible source of information than the majority of people on TV. People like Jim Cramer are trying to turn finance reporting into a game and that’s not what it should be. He doesn’t have your best interest in mind, he is just trying to move himself forward in his career.

  2. Garrett Haag says:

    Jim Cramer is an entertainer, he is not qualified to teach you about investing. His only qualifications would be that he is a former fund manager. That does not give you the insight to tell average people how they should manage their money. He is just on tv to get rating for NSNBC. You need to listen to people who are actually teachers, that have done the research. You need to listen to people who are just out to inform you. You should do you own research before following anyone’s advice on investing and money management.

  3. Mike Finley says:

    Well said you two. Let’s recap.

    (1) Nobel Laureates do the research and capture the empirical data showing what investors did and how they performed collectively.

    (2) Buffoons like Jim Cramer make a lot of noise on television to boost ratings as they try to predict the future returns of individual stocks.

    (3) Ignore people who try to predict the future and listen to people who report the facts. Informed and successful investors will be rewarded using this method.

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