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mad money

In Defense Of Jim Cramer

"Bear Stearns is not in trouble!" Jim Cramer, CNBC's bug-eyed "Mad Money" host who is to finance what Carrot Top is to comedy, shouted last Tuesday. "Don't move your money from Bear! That's just being silly." The immediate reaction to seeing his advice in the wake of Bear's collapse is: what an idiot. But really, his advice was not bad! Cramer—a famously bad prognosticator—noted that Bear would, at worst, be taken over, meaning those who had money with the firm would have their investments guaranteed by a more deep-pocketed buyer. Which is exactly what happened when JPMorgan bought Bear over the weekend. Note that he was not speaking about Bear's stock price [last Tuesday: over $60. Now: toilet paper]. What have we learned? Only Wild Jim Cramer can stop the collapse of the American economy. Click to watch the crazy savant's ill-fated harangue. [via WJNO]

10:15 AM on Mon Mar 17 2008
By Hamilton Nolan
12,359 views, 39 comments

Latest by heroinandpeeps: @Furious George: Hell, yes. Wearing question marks after Labor Day, and he gets away with it! So suave. more »

mixed metaphors

Email: "Let's Go For Greatness," Sam Zell Tells Investors

"It's a great day," newly-minted CEO Sam Zell says in an email to his "fellow investor" on his first day heading up Tribune Company. Mixing his metaphors and going for grandiose, Zell anounces an era in which the Tribune saves not just your soul but our nation's as well. "We will take intelligent risks and reward innovation," he says. "We will tear down bureaucracy and reward entrepreneurial spirit. We will compete fiercely but with integrity." We will use anaphora! We will! We will! We will! Email after the jump. More »

4:00 PM on Thu Dec 20 2007
By Maggie
935 views, 34 comments

Latest by SheWalkedWithAZombie: @Furious_George: @Pope John Peeps II: I wish I could take umbrage at this and chastise you two for being sexist. But unfortunately I cannot. Let it be said that the payoff is that women professors are shown to go easier on more »

now you know

Know Your Spotted Pig Investors

There are eight investors in the perpetually blooming West Village celebrity hotspot The Spotted Pig. We bet you'd like to know who they are. This unfortunately-headlined Observer piece and a little research did the trick:

  • Mario Batali
  • Ken Friedman
  • Fatboy Slim aka Norman Cook
  • Jay Z aka Sean Carter aka Hova
  • Bono aka That Self Righteous Guy Who Saved Africa
  • Michael Stipe aka the Nightswimmer
  • Michael Guido, a prominent music-industry lawyer. Notable quotable: "I think I own a spoon and a coat hook."
  • Paul McGuinness, longtime U2 manager

2:00 PM on Wed Nov 21 2007
By Joshua Stein
3,082 views, 30 comments

Latest by n/a: Spotted Pig=Wait an hour for not good British food in a gastropub with no decent lager available. more »