For those who would prefer not waste their time (with either Mad Money or the paper), here is the punchline: “Cramer’s stockpicking was in line with the market. One could replicate Cramer’s performance by constructing an index composed of 18% Russell 1000 Growth, 29% Russell 1000 Value, and 53% Russell 2000 Growth.”
My friend’s father views Cramer as some kind of guru. Turns out he’s average. I wonder if they could repeat the study, but put weights on the investment amounts proportional to the zaniness of the antics associated with each recommendation.
