Thump
Posts : 2740
Join date : 2008-05-13
Location : Central Florida
 | Subject: Lying Money Managers  Mon Jun 13, 2011 9:58 am | |
| The Wall Street Journal recently busted several money managers — including CNBC host Jim Cramer — for misleading advertising: The managers compared their investment returns, including dividends, to the benchmark S&P 500 Index without dividends. That's like suggesting I beat you in Monopoly because my net worth (my properties plus my cash) is higher than your net worth — but we don't include your cash in the equation. It's a ploy that even my eight-year-old wouldn't fall for. Of course, many people just read the headline; in Cramer's case, "My portfolio is CRUSHING the S&P 500." (When you do a fair calculation, the Journal points out, that "crushing" advantage is worth 0.9 percent. And that's before you pay several hundred dollars for Cramer's newsletter.) "CRUSHING"? The Article | |
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