My latest post takes a look at some comments from Jim Cramer about ETFs and includes the following;
The point is not to trash Cramer or to say using individual stocks is a bad idea but the notion that anyone is perfectly infallible avoiding stocks that go on to fail is simply wrong. A modest weighting in an individual stock like Baltimore Opera Hat Company (fictitious name owned by Mr. Burns on the Simpsons) that goes on to disappear either from obsolescence, mismanagement or something else will be a drag whether it is owned individually or as part of a fund and while Cramer seems to assert failures in the making can always be avoided his track record is proof that they cannot.
Please click through to read the entire post.
We are in Maui for a few days. This is from Po’olenalena Beach near Makena.