What is your take on Jim Cramer?

Matt Kelmon ‏@MattKelmon: what is your take on Jim Cramer? Genius investor or mostly got lucky, ie right place right time? #PT Barnum

Answer:

I have one rule: I never say anything bad about someone who has been good to me and has made me money. Cramer has been very good to me and I owe a lot to him.

Here are ten things I learned from Jim Cramer.

He gets a lot of heat for his stock picks. For acting the way he does on TV. But you have to keep two things in mind: nobody can make money picking new stocks every day of the year. And, number two, he’s an entertainer, and a very good one. The best on CNBC. The best in business. He’s like the Rodney Dangerfield of finance. And number three, judge not lest ye be judged.

So don’t think of him as a great investor, or a lucky guy (he’s started at least 3-4 successful businesses so that takes more than luck), or even a PT Barnum. I take him for his word: he is an entertainer. And a very good one.

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