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Celebrating financial literacy efforts
More people participating in wealth management is a positive for the markets. But blindly following bad advice opens up the dark side of investing.
April 12, 2021
The GameStop fiasco brought that to the fore. The rise and fall of the stock in recent months reminded me of the battles that erupted around the advent of “Mad Money.” I bore witness to the explosion of Jim Cramer’s “Mad Money” on to the investing scene. The show straddled the line between game and clinic, and while most attention was paid to the games and the booyahs, there were lessons in most episodes, as Jim strived to educate.
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