“A study of Cramer’s picks once showed that he is correct slightly less than half the time. So you’d do better by just flipping a coin.”
What were the gains and losses?
> What were the gains and losses? <
Good question. My post #15 referred to a contest someone set up between Cramer’s stock picks and those of ‘Leonard the Wonder Monkey’. Leonard was actually a computer program that picked stocks randomly. Leonard won, but just barely.
It’s been years since I’ve followed this. So I just did a quick search. From what I could find, “winning” was determined by return on investment.