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RE: Daily Crypto Markets Live Blog: Crypto Markets Continue To Drop (05/19/22)

in LeoFinance3 years ago

I've thrown out these names before, but in this case I think it makes sense: As predictors or prognosticators, Jim Cramer and Mike Francesa have poor records. However, VCs may have even worse records than the host of Mad Money (Cramer) or the Hall of Fame sports radio host (Francesa) also known as "The Sports Pope".

I forget where I saw this stat, but I thought I read somewhere that VCs are right in 2 out of 10 predictions they make when they hand out venture capital. However, the 2 times where the VCs are right more than make up for the 8 times they are wrong, and when they are right they are BIG winners.

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