Talent wasted by pointless grandstanding
I don't get it , Altucher is a smart dude I can tell. I've seen his conversations with sykes. I've read some of his columns , I've read a little of one his books (got intrerrupted and forgot about it). All you have to do is look at his resume and you can see some impressive things.
I personally don't like the stockpickr game, but it was a trailblazer in the space. Mad props to that.
So why does debase himself to Cramer type grandiose statements when gets airtime? Does thestreet.com do that people? Or is it the ever subtle pressures from the financial successes of the infotainment networks vs the financial struggles of the hard news guys? I know Barry Ritholtz has said he become persona non grata at CNBC becasue he refuses to dumb down complex subjects. I guess Altucher has no similiar compunctions.
Unfortunately Altucher seems to have caught the clown-itus disease that affects most the business media. His variant seems to be of the Freakonomics "look at me I'm so clever by inverting your intuitions" type.
Which would be fine (great actually) if he backed it up with carefully constructed logical and empirical based arguments
But he doesn't, at least not on air.
He just throws out some generalities and trusimss followed by "relevant" tickers. And I've seen him in video appearances be extremely dismissive and flippant about contradictory information on positions where he has a high probability of being wrong. That isn't responsible or laudable behavior imo.
One must always be aware of potential weaknesses in a trading/investment thesis and allow for the possibility that one has erred. That's very very basic risk management.
I can only chalk this up to Altucher knowing the stock talk is becoming as informative/ objective as talk radio and him happily playing the part of an un-nuanced embellishing commentator. It's more important to be provocative than right in that world.
C'mon Altucher you know you are better than this.
Still the man is an idea factory and his blog at AOL is a lot less irritating than his media "persona" has sadly become
http://www.dailyfinance.com/writers/james-altucher/
I've got other places to get ideas where I feel I can trust the source more though.
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This review is the subjective opinion of an Investimonials.com member and not of Investimonials LLC.
