Talk:Jim Cramer
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[edit] Early Background
The article says Cramer is from a poor working class background. In his autobiography Confessions of a Street Addict, he maintains that he came from a comfortable middle-class background. Could someone please look into this further. Z80x86 04:30, 21 March 2007 (UTC)
You raise a good point. Perhaps you should edit that line yourself, as you are already familiar with a conflicting reference from his book. Edit the line and cite the book, I'd say. Piperdown 04:59, 21 March 2007 (UTC)
[edit] Drugs
"Jim takes lamotrigine (Lamictal) to help control his "highs". Lamictal is generally used to control seizures and is indicated for treatment of Bipolar I Disorder." What is the source of this? Is it relevant to anything, even as trivia?
—The preceding unsigned comment was added by 208.107.215.111 (talk • contribs) 22:32, 4 December 2006 (UTC).
[edit] Chat
The fact that he's a fan of the game of Monopoly and the Philadelphia Eagles is very chatty, and clutters up the article. I think there's a lot of other stuff here that could also be usefully removed to make a more concise and impactful article.
[edit] got married until?
"Cramer got married in 1988 to his wife, who he used to call the Trading Godess until their first of two daughters was born in July 1991." What does this sentence mean? CDA 00:08, 31 July 2005 (UTC)
It means that Cramer's wife stopped stock trading. 2004-12-29T22:45Z 01:20, July 31, 2005 (UTC) I Think It Means--Read between The Lines--You are Getting Me And My Wife's Advise.
His daughters names are Cece and Emma. By all indications he is still married. He still calls her "The Trading Goddess" on a near weekly basis on his show, "Mad Money."
[edit] car with an ax
This sentence was removed: "While living in Los Angeles, he went on vacation to Las Vegas and lost lots of money, and his house was burglarized, so he lived at an acquaintance's home and in his car with an ax and a gun. On top of it, he got hepatitis." It's not well written, but if any of it is true I think it should be included.
Yeah, it's mostly true, though I think he was on assignment for his newspaper when he was burglarized. He lived in his car for five months and he had an axe, a gun and a bottle of Jack Daniels. He said that just this weekend on Tim Russert's CNBC interview show. Readparse 08:21, 22 January 2007 (UTC)
Oh, and that part of life is covered to some extent in his book Confessions of a Street Addict. I'll try to find my copy and see what I can confirm/add/delete. Readparse 08:25, 22 January 2007 (UTC)
It never says in his book that he got hepatitis, just a liver problem. There are a myriad of things that could be. He was also not on vacation in Las Vegas, but covering a news story at the behest of his boss.
[edit] Weasel words
I removed this sentence per the wikipedia policy, Wikipedia:Avoid weasel words. Also, the main point of the sentence appears to be about capitalism and the stock market, it probably belongs in one of those articles, not as a cursory note in Cramer's bio.
- Some say that Cramer typifies the issue that management guru Peter Drucker identified when Drucker noted that higher rewards for trading activities than for productive activities are a sign of decadence in the economic culture. Others say that he feeds that trend while ostensibly exposing it.
Drucker sounds a bit Marxist in the quote. Too removed from the means of production?
[edit] investigation
what's up with the sec subpoena?? there's only a sentence about it on here. is there any background/context avaliable?--216.165.11.242 11:40, 2 March 2006 (UTC)
- Are you refering to the Overstock.com / Gradient subpoenas? I know Cramer and Herb Greenberg (MarketWatch writer and appears on CNBC ) commented on the air about their subpoenas months ago. They seemed to think it was rediculous of Overstock to go after journalists as a scapegoat for its stock performance / issues with naked shorts. See [1] [2] --George3 02:10, 27 October 2006 (UTC)
[edit] Cramer's Religion
I don't think it is proper to include the reference to Cramer's religion, that he received a "bar mitzvah gift". Is that of any importance? Would it be mentioned if it was a "confirmation gift"?--Tomstoner 17:52, 11 March 2006 (UTC)
- I thought it was pretty worthless speculation. "Cramer" (or "Kramer") is a common Jewish surname, like Goldstein or Reuben.
Jim Knows What He's Doing--Worthless As A Bar Mitzvah Gift--Is A Common Joke Among Jewish People.
[edit] Billy Joel
Has anybody noticed that this guy looks a lot like Billy Joel?
He looks more like Bradley Whitford. If there was a movie about him, I can't imagine anybody but Whitford playing present-day Cramer. Readparse 08:22, 22 January 2007 (UTC)
No he is much hairier
[edit] Video
Wasn't there a video of Cramer on this page at one point? Shouldn't it be brought back, as it really explains him well. Kaiser matias 04:17, 6 April 2006 (UTC)
[edit] Tone of the bio
The fact that much or all of the bio was written by a fan doesn't bother me, but I don't think it should be that obvious. Unecessary superlatives like 'unmistakable' and 'encyclopedic' push it a little over the top, and the phrase 'learned the value of a dollar' is a nice thing to say but has no place in a fact-based article. Furthermore, I don't doubt that Mad Money is CNBC's most popular show based one or more measuring sticks, but those measuring sticks should be specified.
[edit] Needed?
"Criticism of Jim Cramer has also expanded to the Internet."
Is there ANYTHING that isn't criticized on the internet?!--KingZog 05:35, 6 May 2006 (UTC)
- Welcome to Wikipedia.
[edit] Divorce to Karen Backfich?
Is there a reference to the divorce? I can't find that anywhere on the net
[edit] harvard ug major
What was his undergraduate major at Harvard?
[edit] Error or Vandalism
Just wanted to point out that in the beginning of the Bio, it states, "Jim Cramer grew up in the town of Berlin,Germany, outside Tokoyo." I don't know if this is an error or if someone tried to vandalize the page. Just pointing that out. Thanks.
[edit] Removed from Category:American lawyers (for now)
I temporarily removed this article from Category:American lawyers because it never mentions the subject actually practicing law. He graduated law school, but it sounds like he went straight from that into banking and investing as opposed to attorney work. If the article is later expanded to mention him specifically practicing law at some point, then go ahead and place it in the appropriate subcategory of Category:American lawyers by state for whichever state he primarily practiced.Dugwiki 21:59, 10 August 2006 (UTC)
cramer says several times on his show that he never practiced law after law school
I agree. In his book he says he did internships at law firms and decribes it as horrible and not at all what he wanted to do with his life, so he started taking classes at the business school concurrently. He got his law degree, but never practiced and dreaded failing at trading and having to go back to law to make a living.
[edit] Errors
The article has several errors. It states, "... strongly promotes portfolio diversification (generally five stocks, believing that most individuals do not have time to research more than five,)" Five stocks is not typically considered a diversified portfolio, so recommending having only five stocks would be an argument against diversification. A citation or quote should be provided to back up this assertion.
The article says, "They have two daughters called Bilqueez and Hoot.". According to numerous articles in the press, one of his daughters is named Emma. Googling these names and "Jim Cramer" does not turn up any hits. A citation or quote should be provided for this too.
Concerning diversification, Cramer promotes a portfolio of stocks with little to negative correlation. Though he does not clarify whether the correlations are qualitatively determined, and thus implied by the nature of the stock, or are statistically derived, Cramer espouses diversification despite his low recommended portfolio size.
The article states "Despite Cramer's lofty claims for his hedge fund's returns, there has never been any independent audit of those returns." The results of every stock mentioned on air is recorded and searchable on the webpage http://madmoney.thestreet.com/. This has nothing to do with his hedge fund which he managed in the 90s!
"It is a little-known fact that Jerry Seinfeld modelled the character of Cosmo Kramer, his neighbor in the famous sitcom, after Jim, although the resemblance of the name is definitely a hint." I have never head this before. Cosmo Kramer was based on Kenny Kramer, a freind of Seinfeld co-creator Larry David. How is Jim Kramer in any way like Cosmo Kramer in the first place?
[edit] Cramerwatch.org
Should that really be mentioned. The site compares Cramer to a random-selection over 30 days... things would be different if they compared over a quarter, or year or 18 months. I don't think cramer is making reccomendations based on short term.
[edit] Refusing to shave - why?
confusing: the article says that he has uncertain superstituous reasons why he won't go clean-shaven, but at the end of the same paragraph it says he is concerned his children wouldn't recognize him without his facial hair. Which is it? 199.214.26.118 20:37, 22 September 2006 (UTC)
[edit] Age
He stated his age tonight (10/12/06) as 62- if born Feb 1955 I think he'd be 51- exaggeration of his age (my suspicion)?
- He said "my 62-year old demographic" or something like that -- I think it's more of a self-deprecating joke on his older attitude towards things. He's said it before. Google "jim cramer" 1955, there are other references than Wikipedia. Dze27 04:41, 13 October 2006 (UTC)
- He mentioned that he's 62-years old again on today's episode (Nov 11th)... Vikramsidhu 02:34, 11 November 2006 (UTC)
- On 12/28/2006 and 12/29/2006 he referred to himself as being 62. This cannot be true given other known details of his bio such as graduation date from Harvard College. —The preceding unsigned comment was added by 24.118.0.14 (talk) 04:27, 30 December 2006 (UTC).
He stated that the 62 year old thing was a joke on the air.
In his book he says that he jokingly claims to be 62 on air in order to appear youthful to the TV audiences.
[edit] uncited criticism (WP:BLP)
Needs to be cited before it can be readded. Savidan 18:40, 26 January 2007 (UTC)
Critics often use the nickname "The Weathervane" to describe Cramer, whose outlook will rapidly oscillate between bearish and bullish following the prevailing market sentiment [citation needed].
He is also said to have exhibited a violent temper at his hedge fund, characterized by screaming at his employees and throwing telephones and computers when he was unhappy with his results. In his interview with 60 Minutes, Cramer admits to having had a problem with his temper, and after speaking with his father (who said he would outlive Cramer if things continued as they were) Cramer left the hedge fund business. Cramer's reputation as having an anger-management problem has helped him in creating Mad Money, though, as it moves away from typical CNBC programming. [citation needed]
Criticism of Cramer has also expanded to the Internet. A number of websites have sprung up with the intention of tracking Cramer’s recommendations. Some are merely blogs that vent frustrations against Cramer, his onscreen persona, and the stock picks made in the ‘Lightning Round’ of his CNBC show. Other sites go further and analyze Cramer’s stock picks in some detail. Some of the more creative websites use complex programs to track and compare recommendations with the performance of the overall market.
Despite Cramer's lofty claims for his hedge fund's returns, there has never been any independent audit of those returns.
[edit] Vandalism
the user williamrobinsonb created the following section:
(Crammer speak) - - - Cramer speak is taking over, - - CRAMERICA: The term given by Jim Crammer to the following of people who study and use Jim Cramer’s methods of stock picking or just tune in and enjoy the show. - - CRAMERICAN: The term given to an individual who use Jim Cramer’s methods of stock picking or just enjoys the show. - - CRAMICIOUS: A stock that meets Jim’s criteria to qualify for one of Jim’s three distinct categories of stocks. - - CRAMICIOUSNESS: a term used to evaluate the viability of a stock pick or a person’s ability to pick good stocks ready to pop, or go up in value. - - - CRAMICIOUSNESS and CRAMICIOUS were coined by author poet and professional investor William R Robinson on February 09 2007
I took this out for the unprofessional tone, no source, and self-admitted original research.Thepatriots 09:26, 9 February 2007 (UTC)
[edit] = Clean up of article
Did some editing of the biography section, which is in need of some overhauling. Corrected some sentence structure, rearranged some awkward sentences, and modified the Mad Money show section to a more neutral description that's less promotional than the previous section, which seems to have been cut and pasted from the CNBC promo. This whole entry could use a lot more TLC, and there are many more subjects postive and not so much, to add to Jim's entry. Also a lot more citing of sources could be done. Piperdown 00:44, 9 March 2007 (UTC)
--- Article is not encyclopedic --- Trivia section is filled with non-facts. This article is a joke. Encyclopedia entries are not TV Show advertisements, Tabloid style rumor mongering about celebrities, etc. Now it's a playground for drunken falstaffs to see how much they can get away with in editing it. Unreal.Piperdown 02:25, 15 March 2007 (UTC)
-- link to MySpsce page removed (Not Jim Cramer's myspace page --
Page has this disclaimer on it:
Thank you for visiting Jim Cramer’s official MySpace page. Please be advised that Mr. Cramer does not maintain this account or read the messages sent to it. However, he does visit the page from time to time, so please feel free to leave a comment or add him as a friend. Thanks for visiting! Cramerica, Jim, Jim Cramer, JJC, Mr. BOOYAH, your friend. I started to invest fresh out of college with a few hundred bucks to my name and piles of credit card bills. In the 25 years since then, I..ve made millions of dollars for lots of people (including myself)... I became one of Wall Street most successful hedge fund managers before I co-founded a company called TheStreet.com, Inc. In 1996, which went public in 1999. At TheStreet.com, Inc. I created ActionAlerts PLUS, a personal portfolio open to the public for educational purposes via subscription, the proceeds of which go to a charitable Trust as of March 2005.
so someone is this MySpace page is not directly edited or controlled by jim cramer, so does not qualify WP:RS Piperdown 02:25, 15 March 2007 (UTC)
-- Article should be fair and balanced --
If people believe that Jerry Seinfeld has built Cosmo Kramer after Jim, they should be able to say so. After all, this is America. They should be able to express whatever they believe and not be censured. It has to be fair and balanced.
-- re: the above authorless comment: Wikipedia edits require WP:RS for statements of fact --
If you have a WP:RS saying that Jerry based Kramer on Jim, you're welcome under WP rules to edit as such. Do you think you are funny or something? This isn't "America", in fact you are posting from the UK ironically, it's Wikipedia which reguires "reliable sources" as they define it. Piperdown 01:18, 18 March 2007 (UTC)
-- re: re: --
Do you have a problem with fair and balanced?
[edit] Selling Ben & Jerry's ice cream?
Someone needs to verify this statement or remove it completely:
He learned the value of a dollar by selling Ben & Jerry's through an ice cream vending service at Veterans Stadium during Philadelphia Phillies games.
According to the article, Ben and Jerry's, the company was founded in 1978. Cramer would have been 24 at the time and already graduated from Harvard. Alcarillo 19:56, 20 March 2007 (UTC)
I'm going to remove it as it is not sourced. Their is a claim on his IMDB entry referenced here that he sold ice cream at Phillies games. That's all. Piperdown 04:13, 21 March 2007 (UTC)
- Thanks. I'll remove the {{disputed}} tag. Alcarillo 17:00, 23 March 2007 (UTC)
-
- okay, great
[edit] YouTube video of Cramer
Does this really need to be on here? It is a very interesting video to watch but I don't know if it even needs to be mentioned in a biographical article. To the best of my knowledge, what Cramer describes doing isn't illegal, which is what this paragraph in the article states. Heavy buying or selling/short selling in the futures to get the cash market to open higher or lower isn't illegal. Maybe a bit manipulative or shady, but not illegal. Clinevol98 22:07, 20 March 2007 (UTC)
Looks like the story is taking off. Reuters has a long article on it with quotes from laywers, hedge fund managers, references to possible regulatory involvement. It should probably stay as it's getting coverage from major news orgs. It could turn out to later merit its own "controversy" section, or if the story fizzles out, should probably just stay as it is now, a relatively small blurb in the criticism section.Piperdown 04:17, 21 March 2007 (UTC)
-
- Oh ok; thanks for pointing that out. Didn't know it was getting mention in the mainstream press. It should stay then. However, as I said in that previous message, the techniques Cramer describes doing with regards to "manipulating" the futures aren't illegal. In the video, Cramer recommends hedge fund managers do these things because they are legal. Clinevol98 17:20, 21 March 2007 (UTC)
Clinevol98, apologize for the removal of the YouTube video that is the central story of this piece, but at first take, YouTube video links are probably 100% disallowed on wikipedia as it opens up a pandora's box of video's sourced anonymously. Of course, many reliable news sources are linking to it in their articles, so perhaps that would allow the link to the video. Or perhaps we should just let the RS links be used, then readers can find the youtube link from those RS pages. I would anticipate wikipedia someday soon having a "bot" that would delete youtube video links from wiki entries, imho.Piperdown 04:27, 23 March 2007 (UTC)
Yeah...I figured it would be OK because the Reuters article had a link to the video. Clinevol98 15:32, 23 March 2007 (UTC)
[edit] Most Enduring?
Since this show started on March 14, 2005 only (see Mad Money), it is premature to claim that it is "one of the most enduring shows" on CNBC.
- Good point, that could even be looked at as a left handed compliment, since CNBC has a sketchy track record with shows lasting more than 6 months other than their 6am-4pm market coverage. McEnroe, Dennis Miller, etc. So Mad Money's a grandfather on CNBC ;-) Piperdown 01:52, 25 March 2007 (U
I believe he was interviewed by kiplinger's personal finance magazine sometime in the past 2 years, in which he discusses several of the topics mentioned.
- Yes, fine, and what is the relation of your comment to the above discussed?
