The Cramer Delusion

As a non-American who often looks up American finance-related sites for share ideas, I often hear of this legendary figure in the investing community, Jim Cramer. He is one of the most omnipresent financial gurus in American media. Yet, I’ve done some research on the internet, and it turns out Cramer isn’t as successful as the media would lead you to believe. So I have compiled a collection of reasons why you shouldn’t bother listening to Cramer:

1. Once Cramer recommends it, it’s overvalued - Because the American public is so eager to mimic all of the investment guru’s ’successes’, once Cramer recommends a stock, the share price often shoots up. This would be okay if the price rise was because of a recommendation from someone who actually knew about investing, like George Soros or Warren Buffet, because these wealthy investors tend to outperform the market. Howev