“No one that ever lived has ever had enough power, prestige, or knowledge to overcome the basic condition of all life—you win some and you lose some.”
Ken Keyes Jr.
Financial blogs are buzzing over the ass kicking that Jon Stewart handed Jim Cramer last night on Comedy Central. You can see the interview over here (nsfw believe it or not). Folks seem thrilled to see a financial expert taken out at the knees by a comedian.
Jon Stewart is very intelligent, as I assume most really good comedians are. He wants CNBC to be more about informing and less about entertaining, which may be a noble goal, and is very thoughtful in articulating what is bad about the CNBC brand of infotainment. People want to make money and if you can entertain them while they're doing it, you'll be a winner. Nobody has made money over the last few years which creates a lot of unrest.
Cramer is annoying as hell but nobody has to watch his show.