That Jim Cramer, He Says The Darndest Things

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Mark Melin
Published on
Updated on

CNBC’s perma-bull extraordinaire Jim Cramer says that because David Einhorn’s Greenlight Capital lost money, his thoughts on a potential tech market bubble should be ignored. Last week Cramer said that activist value investor David Winters should be ignored because he didn’t have enough money under management. Hmmmm… Short term metrics “How did it come to the point that we now get our opinions from investment letters from managers who lost money in the first quarter?” Cramer writes in a recent article.  So not only is he discounting Einhorn because he lost money, but it’s based on short term metrics. Wonder what Cramer thinks…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.