Mention any other company in a sector and he trots out the "rather be in xxxx" spiel, in this case using LINE (again) when someone asked about BBEP. Of course, even the most devoted LINE holder understands that it's prudent to own more than one security in a given sector, and that BBEP has excellent prospects (as do other upstream MLP's), but Crammer doesn't do actual research or bother to know something about other companies, it's too easy to just fixate on one company and dismiss all others, constantly. What a blabbering fool he is. In this case he's not really wrong, LINE is undervalued compared to BBEP, but that's only an accident of course, he doesn't know that.
I can't bear the persona he takes on as he plays the ultra fast-talking clown on his regular show. Way too manic for my taste. Now and then, though, I catch a snippet (meaning about 20 seconds worth) when I'm iceing my cranky knees after exercising. I then shudder and switch to CNN. But he's what alerted me to Linn in the first place. Several years ago he was interviewing Mike Linn (as I wrapped on the ice) who was talking about Linn Energy's high yield and hedging strategy. So I watched the whole Linn portion, did some research, and made my first LINE buy in the upper teens. And so far, so good.
I do recommend his 2003 book "Confessions of a Street Addict." It's an engaging read and will give you a whole new view of the man. But it won't change any negative views of the insufferable clown he plays on his regular (and distressingly popular) CNBC show. I bet that the show embarrasses his wife and kids.
The problem isn't the man (I don't dispute that he's reasonably intelligent in "real life"), or even the clown show he puts on. The problem is that people listen to him like he's giving serious investment advice, and follow it, to their loss. But, that said, I do not allow his face on my TV. I leap for the off button at the end of Fast Money, to make sure that not even a nanosecond of his voice gets in my ears.
Mr. Crammer is fine. He does make some shot from the hip errors which really can not be avoided in the format.
Our markets are generally and usually efficient. But not always and some times wildly not, in bubbles. The best way to gauge bubble if the front page of the Value Line syrvey and their projection of future market returns.
The CEO interviews are very valuable. If one studies enough to accept our markets are generally and usually efficient his real world observations about NY Jon Stewart mound situational ethics and resulting confidence games, are extremely valuable. HUman beings can do amazing things but never perfect things.
I must say with Ron's pompus displays this really is a kettle calling pot black thing. Except Crammer likes slap stick while Ron is not even aware of his show.
It's not clear because you could do as well as Crammer just by flipping a coin. Understanding his analytical process is like looking in one of those Magic 8-balls, the ones you shake and an answer floats up? Of course, I could be showing my age, you don't see those toys anymore.
I think that is dumb on their part weather cramer likes something shouldn't effect your feelings although I do feel he has more information than I do I have never been able to pinpoint if he has more analytical thoughts than I do Be that as it may there are some tangents he becomes anamerd with that I cant get behind his thesis on these companies just leave me saying eventually this one will be a good short