To flesh out an earlier thought, I had a little epiphany that I was simply parroting the concept behind the Inverse Cramer trading strategy. The strategy, which I had heard about long before making that post, “takes a short position in Cramer’s 10 most-recommended tickers”. This is because famously he has a knack of picking badly. Someone could make profit from listening to someone who themselves were consistently wrong.
Side note, the returns recently have actually been pretty bad (-21.42%) over the last year, meaning that peoples efficacy isn’t consistent! There’s a smaller lesson here that just because someone has prestige (or infamy), it doesn’t mean they’ll keep on that trajectory. As the U.S. Securities and Exchange Commission (SEC) under Rule 156 put it; past performance does not guarantee future results.