OLD Media Moves

Yet another profile of Jim Cramer

March 28, 2006

This Jim Cramer profile, which follows on the heels of profiles by the Dallas Morning News, Philadelphia Inquirer and Newsday, ran in the Hollywood Reporter and is appearing on the Reuters wire.

The story, written by Paul Gough, states, “There have been criticisms of Cramer’s technique, and endless sniping about the accuracy of his picks and whether anyone can make money off his approach. Cramer himself acknowledges his record and points to his own history as a hedge-fund manager — gaining and losing millions of dollars in that high-pressure environment — as qualifications. He also emphasizes that it’s not just about making money.

“‘This is a show that is about education, entertainment and making money. And I think that people should recognize that you need all three components going forward if you’re going to be successful because the stock market is no longer the way it was,’ Cramer says. ‘It’s not a ‘build it and they will come’ situation. There are many people who think that it is and I think that they will be continually surprised to the downside with that view, as we say on Wall Street.'”

Read the profile here.

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