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There's been a lot of back and forth about the Barron's piece that came out about Jim Cramer over the weekend, which was critical of his picks on CNBC's Mad Money TV show.
So I decided to break out the software, load up the trades, and do the test. Furthermore, using the same analysis, I also break down Barron's picks from its newspaper. But first, note this: I'm completely biased. I've written for TheStreet.com for almost five years and recently Stockpickr.com was acquired by TheStreet.com, making me a shareholder here. Furthermore, I appear regularly on CNBC (if you blink you might miss me, but trust me, I'm there). But one thing that's not biased is the straightforward numbers. I wanted to do an apples to apples test with Barron's data. Since Barron's tested from Jan. 1 to July 31, that's what I did. I asked Jim Cramer's Mad Money team to give me all his recommendations during that period, which they did. There were 445 recommendations that he made in the main segments of the show (I count a "main segment" as basically any segment where he spends more than 30 seconds on a stock).
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At the time of publication, Altucher was long TheStreet.com. James Altucher is president of Stockpickr LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for The Financial Times and the author of Trade Like a Hedge Fund, Trade Like Warren Buffett and SuperCa$h. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback; click here to send him an email. Brokerage Partners
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