Oct. 24 at 12:40 PM
$KTOS ..who's the fuck is Jim Cramer?
Jim Cramer's performance record is a subject of debate; while he claimed a 24% average annual return from his hedge fund years, academic studies show his "Mad Money" stock picks often underperform the market and many are not successful long-term. Studies have indicated that his recommendations may generate short-term "abnormal returns" shortly after they are announced, but these gains often disappear within a few weeks, while sell recommendations have shown a positive average return over the next year.
