10 of the Worst Stock Calls By the Pros
How many times have you seen articles discussing the best market calls of all time? Probably quite a few. They're everywhere.
But you don't hear much about the worst market calls of all time. That's because nobody likes to talk about their losers, especially not market professionals who are paid to be correct.
That's too bad, in a way. Because regular investors can learn a lot from a pro's mistakes, not just the successes. (That idea applies to most things in life, not just investing, by the way.)
For instance, Jesse Livermore shorted the entire stock market right before the 1929 crash, netting himself a cool $100 million for his troubles. That's pretty interesting. But investing isn't just about finding winners - it's about figuring out how to avoid losers and minimize losses. We could've learned plenty had Livermore also discussed his worst trades and why these bets failed to deliver profits.
Let's look at 10 of the worst stock calls by the so-called "pros," which include institutional investors, celebrity stock callers and even CEOs. Some of these are simply "wow" moments that we couldn't repeat if we wanted to, but some of these provide very tangible lessons for investors.
General Electric
Investor: Jim Cramer of CNBC's Mad Money
The Call: Long GE
Love him or hate him, Jim Cramer - the one-time lawyer turned professional investor - can sure cause a stir.
It's difficult to know how many stocks Cramer has talked about through his 14-year stint as host of CNBC's Mad Money, but it's likely in the thousands. Thing is, like most investment pundits, Cramer is going to get it wrong occasionally.
General Electric (, $10.02), which Cramer recommended several times throughout his career, including in 2008 and in 2015, might
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