Cataloguing the worst investment calls in history, so you don't have to make them yourself.
"Bear Stearns is fine! Do not take your money out. If there's one takeaway, Bear Stearns is not in trouble. I mean, if anything, they're more likely to be taken over. Don't move your money from Bear...."
— Jim Cramer, CNBC Mad Money Host
Dec 15, 2024"Bitcoin is a fraud. It's worse than tulip bulbs. It won't end well... someone is going to get killed. It's just not a real thing, eventually it will be closed."
— Jamie Dimon, CEO of JPMorgan Chase
Dec 14, 2024"Bitcoin is going to zero. It has no intrinsic value. Gold is the only real store of value."
— Peter Schiff, Gold Bug & Euro Pacific Capital CEO
Dec 13, 2024"There's no chance that the iPhone is going to get any significant market share. No chance. It's a $500 subsidized item."
— Steve Ballmer, CEO of Microsoft
Dec 12, 2024"Stock prices have reached what looks like a permanently high plateau."
— Irving Fisher, Renowned Economist at Yale
Dec 11, 2024"Amazon.com is not going to be a profitable company. The valuation is insane. This is a company that will eventually go to zero."
— Henry Blodget, Wall Street Analyst (ironically later bullish)
Dec 10, 2024"Disclosed a massive short position against Tesla via put options worth over $530 million in notional value."
— Michael Burry, Scion Asset Management ("The Big Short" fame)
Dec 09, 2024"Tesla is on the verge of bankruptcy. The company is burning through cash, demand is falling, and they'll be out of business within 6-12 months."
— Various Analysts & Short Sellers, including prominent bears
Dec 08, 2024"Cryptocurrencies are a jihadist call against the U.S. dollar. They have no inherent value. I wish all these crypto-people the best of luck — I just think they're wrong."
— Ken Griffin, Citadel Founder & CEO
Dec 07, 2024"Google is not a real company. It's a house of cards. The search business is not a sustainable model, and they'll be overtaken within five years."
— Various Tech & Media Analysts, circa 2004-2005
Dec 06, 2024"There will be 50 to 100 sizeable municipal bond defaults, totaling hundreds of billions of dollars. This will be the next crisis."
— Meredith Whitney, Meredith Whitney Advisory Group
Dec 05, 2024"Netflix is done. Disney+ will completely dominate streaming within two years. Netflix will either be acquired or go bankrupt."
— Various Media Analysts & Commentators
Dec 04, 2024"We believe Coinbase could reach a $4,600 price target as crypto adoption accelerates globally."
— Cathie Wood / ARK Invest Research
Dec 03, 2024"Apple is overvalued and due for a major correction. The iPhone growth story is over. Sell and take profits."
— Multiple Wall Street Analysts (recurring theme, 2013-2016)
Dec 02, 2024