Daniel Harrison defends the work of CNBC “Mad Money” anchor Jim Cramer, saying his critics don’t understand his work.
Harrison, who once worked for TheStreet.com, which Cramer co-founded, writes, “Hereâ€™s why: imagine hosting a nightly show, five times a week, fielding calls from across the country from concerned investors, all while having to constantly provide fresh and entertaining content. You probably canâ€™t. Itâ€™s unthinkable.
“For what Jim Cramer does, he does it very, very well, with crystal-clear reasoning underlying his assumptions. If you asked the average investor to trade as frequently as Jim Cramer makes stock recommendations, theyâ€™d probably be out of 100 percent of their capital in a couple weeks.
“Of course no one is going to invest in a stock purely because Jim Cramer says so. In fact, take Cramerâ€™s own advice and youâ€™ll be doing a little homework first. But at least his show is full of original, though-provoking, and fresh ideas on a daily basis.”
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