— Topic —

    Finance

    4 receipts tracked • 17% industry hit rate

    — Filed —

    4 receipts on Finance

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    RECEIPT #CRAMER

    OCT 27, 2022

    Missed it.

    PREDICTION BY

    Jim Cramer
    “I trusted this management team. That was ill-advised.”

    FOLLOW-UP

    Cramer declared Meta uninvestable at ~$97/share in Oct 2022. Stock then ran from ~$90 to over $700 by 2024 — one of the great recoveries of the decade. Inverse-Cramer at its purest.

    ORIGINAL SOURCE

    CNBC

    EVIDENCE

    RECEIPT #CRAMER

    MAR 11, 2008

    Missed it.

    PREDICTION BY

    Jim Cramer
    “Bear Stearns is fine! Do not take your money out. ... Bear Stearns is not in trouble.”

    FOLLOW-UP

    Cramer told a viewer on March 11, 2008 that Bear Stearns was fine. Five days later JPMorgan acquired Bear for $2/share in a Fed-backed fire sale. Iconic bad call.

    RECEIPT #CHAMAT

    JAN 07, 2021

    Too early to tell.
    “It's probably going to $100,000, then $150,000, then $200,000. ... In what period? I don't know. [Maybe] five or 10 years, but it's going there.”

    FOLLOW-UP

    Palihapitiya gave a five-to-10-year window in January 2021, so the test runs to 2026-2031. Bitcoin passed his first $100,000 marker and hit a record near $126,000 in October 2025, but trades near $86,000 in September 2026. The $150,000 and $200,000 marks have not been reached yet.

    RECEIPT #BILL-A

    JUN 03, 2015

    Partially right.

    PREDICTION BY

    Bill Ackman
    “Herbalife will implode "no later than March of 2016" when its "debt comes due."”

    FOLLOW-UP

    Herbalife did not implode by March 2016. It restructured debt and settled with the FTC, and its stock rose, leading to significant losses for Ackman's short position, which he closed in 2018. The company did face regulatory scrutiny and a large settlement, indicating some accuracy in the 'fraud' claims, but not total 'implosion'.