The King of Boo-yah is doing a real job for GE at CNBC. Ratings are up and it has been fun to watch how the show has been tweeked by his handlers and probably himself.
An entertainer he is. Nothing more. His decade run of 24% per year was accomplished by paying massive commissions to the Street. His wife, a former Steinhardt trader, taught him most of what he used to garner that "first call" by analysts and the hot IPO allocations put him on the map. He earned it, yes. The clients really paid for their performance by allowing him to throw their money (commissions) to the Street. Massive commish.
What's not like? Capitalism at it's finest. What a great planet, even Spitzer had money in there.
One thing Mr. Cramer does allow in his new book, that I agree with wholeheartedly, is that no matter how rich one gets, it surely can't come near the joys of fatherhood and a loving family.
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