This post is written as part of AOL Money & Finance's Best & Worst of 2006. Visit to cast your vote for Most Annoying Money Expert.
Jim Cramer may be one of the most annoying money personalities of 2006, but his antics have made Mad Money with Jim Cramer one of CNBC's most popular programs.
Best known as the host of Mad Money, Cramer is also an author and former hedge fund manager. After a stellar career as a hedge fund manager, he left the business after the dot-com bust, and eventually found his way to CNBC. On Mad Money, Cramer is known for his on-the-spot analyses of stocks suggested by callers, as well as his habit of pacing, shouting, and throwing his chair across the studio. He throws copies of his book, Jim Cramer's Real Money, whenever a caller mentions it, and his catchphrase "Booyah!" is both a show of his exuberance and also serves to motivate his callers.
Some have referred to Cramer as the "weather vane" for his reputation for vacillating from bullish to bearish, depending on prevailing market sentiment. Rumors of screaming at employees and throwing phones and even computers stretch back to his hedge fund days, and he's publicly admitted to having trouble with his temper. Among those critics that track Cramer's stock recommendations is CramerWatch.org, a site that pits Cramer against a monkey that makes random buy or sell recommendations based on Cramer's stock picks. The monkey does just about as well as Cramer much of the time.
Cramer is also co-founder of TheStreet.com. Whether he's more annoying than the other contenders in this category remains to be seen, but you can make your selection in this Best & Worst 2006 category.
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Reader Comments (Page 1 of 1)
12-05-2006 @ 7:20AM
MikeL said...
I LIKE JIM CRAMER AS A TV PERSONALITY , HOWEVER MAKING AND LOSING MONEY IN THE MARKET IS NO JOKE ..WHAT ABOUT ALL THE INVESTORS THAT "LOST THEIR SHIRT" ON TheStreet.com WHEN THE STOCK TANKED MANY YEARS AGO.. HOW WOULD HIS STOCKS PERFORM IF HE DIDN'T HAVE MILLIONS OF IDIOTS FOLLOWING HIS ADVICE ???
12-05-2006 @ 8:02AM
Michael Schneider said...
Wall Street Journal used to run a contest where stock pickers went up against "dartboard" selections. Contrary to a lot of mythology, the stock pickers usually won over the random selections. There was a long period of time in the 1990s though when, though thye lost to the stock experts, the dart selections still reulted in good returns- an indication of how strong the market was.
For a time Jim Cramer's stock of the week picks were doing better than his Lightning Round suggestions so one way to play Cramer would have been to focus on those picks (I don't know if he is still doing that). The other way is to have your own standards to try to seperate sheep from gots among his many picks. Or you can do like the monkey and randomly follow some suggestions and hope to luck out-- there's a difference though between luck which you can hope for and having some standards you can count on.
12-06-2006 @ 9:32AM
Kathleen said...
To Mikel..Thats whats the matter with some people who follow idiots like Cramer. Never take some ones word on anything. Thats just common sense. If you cant do your own research and afford to loose...dont invest.Investing doesnt mean instant wealth. you win , you loose. Duh
12-06-2006 @ 6:00PM
Eldin Fisher said...
Jim Cramer is very savvy about stock investing. I like to watch his show but being a senior citizen, often I listen slower than he speaks. Also, when he tells us something important and at the same time rattles one of his toy noise makers, I totally miss the information. We can only hope he slows down some as he ages.
12-06-2006 @ 1:21PM
Paul said...
I don't have the time or knowledge to do individual stock research. I'm not ashamed to admit that. That's why I put my long term investments in solid, no-load stock mutual funds.
12-06-2006 @ 7:19PM
EDDY CLAY said...
jim Cramer gives a much needed insight in corp.America by talking directly to ceo`s making or losing money is still up to the individual.
12-08-2006 @ 9:41AM
Frank said...
I have to step up to defend Cramer. Kathleen, you might think I'm an idiot for following Cramer. That's okay. Thanks to Cramer I'm a rich idiot who's laughing all the way to the bank (yeah, that's right, I think he's funny too). Sure he'll get some wrong. Nobody's perfect. However, I don't believe for a second that a monkey's pick can do as well as Cramer's. Haters can present numbers that could convince you of just about anything. Among the many possibilities, they may be pointing out a stock that he once recommended but that he no longer endorses and has advised people to sell and take a profit. I believe that this has actually happened, which leads me to address the weather vane comment from the blog. A few months ago, the oil stocks were going through the roof. If you would have bought some when Cramer said to, you would have made a lot of money. Recently, those same oil stocks started to go down. If you would have sold when Cramer advised it, you would have kept those profits. Some people may call that being a weather vane. I call it being a trader. It's what the stock market is all about. I just wonder if the monkey knew to sell his stocks to take profits when the time was right.
P.S. I also do my own research. A practice that Cramer constantly drills into people's heads to do.
12-10-2006 @ 5:51AM
Robert Blum said...
Life is a marathon, traveled on roadways in need of guidance - a sense of information and direction. Education is forever and Cramer does provide a stock marketeer's point of view that can be described as non-existant or lacking in honesty or depth from his fellow associates in the financial world. One can be richly rewarded by considering Cramer as one of the members (or sources) of your personal advisory board, providing input for investment or trading considerations. Just listen (primarily to the thesis presented), do the necessary homework and make the personal decisions that will be accurately reported (for better or worse) on your tax return.
12-14-2006 @ 9:38PM
mike lavern said...
Jim is right on top.
But you have to get the whole picture.
If you go off half-cocked, you'll get an education.
He'll see a stock in the afternoon that needs to take off.
The after hours crowd will send the price up.
At the opening, the rest of us could be scarfing it up as it drops.
More often than not, Jim is pointing out where the money has already been made.
The Market is like Vegas.
98% of us are suckers, while 2% make the real money.
2-07-2007 @ 6:48AM
Emilio said...
Jim Cramer is an idiot no matter how you slice it...Of course people will make money on his stock picks in a bull market but when the market stops going up you will give back all that money and then some...That crap he preaches about taking some off the table when it goes up limits the upside of your trade not to mention you pay commission and taxes on that...After all is said and done you have made much less money in the end...All the pro's let their winners run which means they know when to be a pig and when not to be a pig...Cramer's show is a joke and I cannot believe that people actually take his stock picks...Cramer is going to do what every other stock market guru does, he will ride the bull market wave and make some people money and then when the bear market comes he will be gone and hated by the public, but he will be laughing all the way to the bank because he will have sold you all his books and probably seminars etc...For investors out there who are new please do your own homework and find out what works for you....Invest for the long term...I know it is harder mentally but statistics show long term investing is way less volitile than short-term...I have done both and I am much happier with long term and doing what I think is right.