Kass defends Cramer

You may also like...

1 Response

  1. Nan says:

    I don’t watch cable and hear little of Cramer’s advice. But I wonder if readers/listeners are poorly served by scorecards that declare “good” or “bad” stock picks on a limited timeframe.
    My grandmother, who was widowed in her 20s with a baby and toddler to raise, refused Owens Illinois (eventually Corning) stock in favor of raises as small as $75 during her long carer there. She’d have been a millionaire had she taken the Depression-era stock and held it.
    With the rare exception of delisted and otherwise dud stocks, it is difficult to judge a pick based on this year or a five year horizon. It was ever thus, and as journalists we owe this disclaimer in our coverage.

Leave a Reply

Your email address will not be published. Required fields are marked *