Diamonds and Dogs
Felix and OscarFelix and Oscar
What an odd pair, Jim Cramer and Lenny Dystra. One is a self-described investment genius and non-athlete. The other is a well-known former professional athlete and maybe the worst investor "du jour". But here they are, the athlete idolizing non-jock who is best friends with the dim-witted baseball player. Jim Cramer called Lenny Dykstra a "brilliant" investor on March 19th, of this year. Well, as many of those who have tried to mimic and follow Jim Cramer's manic picks, Lenny is out of the game. This week, Lenny Dystra declared bankruptcy declaring assets of fewer than $50,000 dollars and debts of $10-50 million. This cautionary tale can offer a lesson; do not blindly follow the touts and recommendations of talking heads and newsletter writers. Take the time to do some of your own work or take the time to truly find someone that has your best intentions at heart. Lenny Dykstra can't teach you to hit a major league curve ball and Jim Cramer can't teach you how to frenetically trade the ups and downs of the market like he does.