Mad Money Investment Challenge
Mad Money “Investment” Challenge should be call “Train Wreck” challenge. The contest does nothing, but entice participants to recklessly taking huge risk because looking at the top performers’ holdings, most of them are concentrating all their money in one stock. If this was a real portfolio, I think no one in this top ten group would allocate their money that way. I thought Kramer’s investing philosophy is to diversify with some percentage in risky trade. I think there should be rules included in the challenge to include minimum of four stocks in different industry group.
It's not when you buy. It's when you sell!
