Stewart / Cramer and the role the Financial News Networks
This is the last episode of a very funny and informative saga a lot of people have been waiting for, enjoy (3 parts):
While I almost agree with Stewart on everything he said here, there was something that struck me; something that was missing, something that I think Cramer wanted to say; something that almost nobody with a career can say on American television:
Even if 90% of financial advisors told to NOT invest in this "fast money making scheme", a big chunk of the public would rush to the advices of the 10% who are saying how to make that quick buck. American, and for that matter, almost everyone on this planet, is somewhat interested into "how to make money quickly".
So what the CNBC can do ? Put itself in a corner where nobody will look at, and say boring stuff like "well, real money is created by work; so you should probably invest into companies which do real work. It is slow, and doesn't make the 30% of the other guy, but in 10 years, you will be happy".
Like Cramer almost said, how can you ask somebody to ask reasonably for years and years when they see people making 5 times what they are making with the same amount invested ?
