CNBC phenom and Mad Money host Jim Cramer, recently revealed on his live television he does not research the stocks he pumps to his viewers, instead he has developed a system of throwing darts at trending stocks and IPO’s and “makes up reasons that should make sense” as to why they can go up or down.
Cramer said this system is yet to fail and has given him an 80% positive stock pick return. When asked how long he has been doing this Cramer simply replied “My whole career. I wasn’t a good hedge fund manager, I just was a hedge fund manager.”
One angry boomer who found out this shocking news managed to create a Twitter account to complain stating:
“Mr. Cramer, I have been watching your show for over a decade. I have based my retirement account stock picks around yours, to hear this is extremely disheartening. I was hoping to retire by 65 but this news scares me.”