Mad Money Machine

MMM-120: iShadenfreude

iShadenfreude defined. Cramer makes money from charity?  Warren Buffet Rap. Investing in taxable accounts. XBOX 360 gets Netflix movies. Lew Rockwell laughs at Bernanke. Frontier Market ETFs. Mark Hulbert looks at stock pickers. Zweig vs. Cramer in guru smackdown. 

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MMM-120: iShadenfreude [ 40:24 ] Play Now | Play in Popup | Download

The Mad Money Machine is proud to be sponsored by Index Funds Advisors at ifa.com

  Topics in this week’s show include:         

• An iShadenfreude story about waiting in an iLine for my iPhone.
• Are you having fun watching Bill Miller shadenfreude?
• Gold bugs relish the dollar’s pain.
• Michael emails to say that Cramer has other flip-flops such as the one on Amazon last fall. He reaffirmed his love for the stock one day then decapitated a hobby horse to signify his rejection of Amazon the next day.
• Also, Michael exposes Cramer’s exploitation of his charitable fund to make money on subscriptions.
• How do I inform newcomers of the basics while not boring the old-timers? 
• Warren Buffet rap.
• Warren Buffet answers a Girl Scout’s question about new investors. (hat tip CrossingWallStreet.com)
• The Learning Earning segment sponsored by Index Funds Advisors explores the silent partners in mutual funds. Be careful when investing in your taxable account to choose a tax-efficient fund.
• Philip emails to say that the Dave Ramsey course was helpful.
• My XBOX 360 is going to get more valuable this fall. The are going to redo the dashboard to look more Wii-like and Apple coverflow. Also, it will be able to play Netflix streaming movies. Need to be a Netflix subscriber and XBOX Live Gold subscriber to get it.
• Lew Rockwell laughs at Ben Bernanke.
• Frontier Markets ETFs are appearing.
• Mark Hulbert points to a study showing that stock picking ain’t possible.
• Guru Smackdown! Our Guru is Jason Zweig who writes in a recent article, “TV pundits [e.g. Cramer] who shriek out trading advice as if their underpants were on fire.” Here is Cramer’s response.

Music from music.podshow.com:
ALTA PLAZA – XRAY DOGS
Money Control – Voide
Runaway Train – Under Feather
Who Are You – Ola Onabule

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