Jim Cramer, CNBC's chief stock shouter and generally erratic personality, has at least one thing going for him: he owns up to his mistakes. Which are legion! It makes him a more sympathetic figure than he would be if he gave equally bad advice without appearing close to tears so often. But Cramer also stands by his advice that may yet prove to be wrong. Earlier this month he told everyone to yank all their money for the next five years out of the market. “It was one of the greatest calls of my life,” he told the NYT today. “And I’ve been pilloried for it.” Really? So far, Cramer's been "pilloried" more for the calls that he definitively got wrong, and for being a huge bull in general right up until the bottom fell out of the market. The reaction to his "pull your money out" rant was more slack-jawed amazement at how he could totally flip his entire investment philosophy without blinking. And, you know, at how he was about to cry. He may turn out to be right! We'll see in five years. I guess you can't expect him to know what the public thinks:
For his own part, Cramer insisted he ignores his legion of skeptics and haters. "I have not seen any of the Fox ads," he said. "You know why? For the same reason that I haven't read a blog about me in years; I haven't read an article about me in years. Because you know what? I gotta do my job."