Jim Cramer and the Art of Being Wrong
https://nymag.com/intelligencer/2023/06/jim-cramer-and-the-art-of-being-wrong.html
First, it’s worth stipulating that anyone who makes a lot of predictions about financial markets will very often be wrong. That’s part of the nature of markets. Still, Cramer has made some particularly notable, high-profile bad calls that helped inspire and propagate the meme. A small selection of his all-time whiffs includes telling viewers to buy Silicon Valley Bank just weeks before it crashed, the time he compared Sam Bankman-Fried to the banker J.P. Morgan, and the time he told ex–Theranos CEO Elizabeth Holmes — who reported to federal prison for fraud in May — that it was “reasonable to compare you to Steve Jobs.”
https://nymag.com/intelligencer/2023/06/jim-cramer-and-the-art-of-being-wrong.html
First, it’s worth stipulating that anyone who makes a lot of predictions about financial markets will very often be wrong. That’s part of the nature of markets. Still, Cramer has made some particularly notable, high-profile bad calls that helped inspire and propagate the meme. A small selection of his all-time whiffs includes telling viewers to buy Silicon Valley Bank just weeks before it crashed, the time he compared Sam Bankman-Fried to the banker J.P. Morgan, and the time he told ex–Theranos CEO Elizabeth Holmes — who reported to federal prison for fraud in May — that it was “reasonable to compare you to Steve Jobs.”