Jim Cramer / Phil Town Feud ??

[npg]

Maybe Phil squeezes the toothpaste from the wrong end of the tube (or some other lubricant) and now their relationship is 'sour' they both decided that they cannot live together any longer, and file for divorce.

Happens every day. What's there to worry about?

For my part, I prefer not to be a sucker to the financial industry's marketing machine. I am more concerned with how well my business interests are run.

[tombrown1]

You do realize that your posting here puts you squarely in the center of the machine, right?

[npg]

Hmmm interesting thought, could you expand pls?

[tombrown1]

Nothing to be ashamed of - all of us in the same boat.

Phil Town writes a book (clearly the machine at work), we all come to this website because of it, and then Justin makes a bunch of money from all these Google ads, and the machine makes money from people coming to their websites because of these Google ads. One of the reasons it continues to make money is because of people like you who post interesting comments that people want to read.

Basically, our dialogue creates money for other people - the machine. That's what forums do - forums are a big business for many people.

You post a comment - some new person reads it, but also notices that they can make a gazillion dollars in penny stocks according to an ad at the top of the screen, they click on it, and all of a sudden you've helped them to be machined.

I, for one, hope that you continue to produce thought-provoking comments even if it means empowering the machine.

[npg]

Originally Posted by tombrown1

You post a comment - some new person reads it, but also notices that they can make a gazillion dollars in penny stocks according to an ad at the top of the screen, they click on it, and all of a sudden you've helped them to be machined.

I don't mind being part of the business model of an individual entrepreneur like Justin. After all, there are running cost and certain risks involved in getting something going, so that's not a problem at all.

But that's not really being part of the financial industry's marketing machine, is it?

[rsspartan]

I didn't ask the question so I could get Phil & Jim to work things out on an Oprah reunion show.
My quest to find out why their may be a rift between them is to see if one or the other now doesn't agree with how the other makes $ or how they teach about making money. They may be poking holes in each others philosophies. Does Jim now disagree with Phil's Rule#1 and if so why?

[vikefan52]

Originally Posted by petekoch

Cramer is smart, but he's a phony and he's dangerous. Ask yourself how he (or anyone) can be an expert on 8000 stocks plus know exactly where the market is going. The little pecker is ugly, has a horrible voice, and his eyes are going to pop out of his head any day.

A phony? Dangerous? Come on, please. First off, Jim Cramer has never said that he is an expert on 8,000 stocks. If you watch 'Mad Money' on a regular basis, you would already know this. He just has a general understanding of that many stocks; enough to make an educated investment decision. He is immersed in the market all the time. Afterall, this is his job and his passion. He is not right all the time; far from it. Nobody is perfect. However, there are very few that can match his record as a hedge fund manager. His resume speaks for itself. I have read 3 of his books, and think they are fantastic. His method requires about 1hr/week of homework for every stock you own. Since transitioning over to TV, and hosting his own show, he has become more of a statesman. I have also read Phil's Rule #1. Just because Jim Cramer and Phil Town have books out, does not mean they are salesmen, so to speak. Yeah, they are pulling in some profits. However, I truly believe they are trying to help individual investors. They are providing us with some great information and investing ideas. In the end, however, it is our decision what to do with our hard-earned money.

Also, as far as a feud between Cramer and Town, I have not heard or read anything about it, aside from Cramer's comments during his show about Phil's name on the floor.