Nick Kapur of The Motley Fool criticizes CNBC‘s “Mad Money” host Jim Cramer in a post on Monday.
“The talking heads on TV get paid to put on a song-and-dance show and attract viewers. Your education or your personal success is a secondary priority (or not a consideration at all).
“Whether Cramer turns out to be right or wrong in the end just isn’t the point. The point is that no one can claim to predict the markets — no one. If you follow the advice of those that say they can, it’s likely to cost you thousands (if not more) in costs, fees, and missed opportunities.”
Read more here.
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Mad Money is my favorite show, very entertaining. I watch Bloomberg all day long, only to switch at 5:00pm to watch Jim. If I miss the show at 5 I make sure I catch it at 10 !