Rumor had it in the trading world that he blew up his hedge fund, but I do not know if that is accurate. As far as his trading abilities go, he is a discretionary trader who focuses on “the story.” There is just too many things that can go awry when you arbitirarily form opinions on things, then put money behind the opinions. It is especially difficult when the trades go against you, and then you start second guessing which one of the variables you “might” have guessed wrong about. Money has a way of shaking most people’s confidence in their analysis of something. It is very difficult to be consistent trading in this manner from my experience, which is 24 yrs as a trader.

However, for the average Joe trying to learn about investing, I think his show would be worth listening to. Just don’t take any of the recommedations blindly. You always need to do your own research. I would disagree with the comment about him being a momentum trader, he is not that at all. That is a technical way of trading, which he does not use.