Wednesday, October 1, 2008

CNBC's Cramer shows TV is not place for advice

My colleague and good friend Tony Williams sent me a great piece about CNBC loud mouth, Wall Street bailout cheerleader and former hedge fund manager Jim Cramer who gave some terrible advice to investors several weeks ago.

Just as with Dave Ramsey, the veritable scandal now engulfing Cramer is a good lesson to the American people about not taking financial advice from TV talking heads or writers like me.

Get a certified financial planner. Don't go to a brokerage house.

And to Tony, thanks. You are the best read person I know. You make bloggers like seem aware.

To read more about Cramer's crash and burn, go to: http://gawker.com/5057233/jim-cramer-sorry-ab!%20out-biased-ruinous-advice

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