I analyzed the stock recommendation signals collected by from Jim Cramer's CNBC show, Mad Money, between January 2018 and December 2024. In total, I tracked 16 701 stock calls to observe how each asset performed afterward. The data reveals a more nuanced story than the popular "inverse Cramer" meme suggests: 1) Betting against the broad sample: My analysis shows that betting against the entire Cramer sample was, on average, a wash. 2) Small-cap "buy" recommendations: This specific segment of calls performed very poorly. 3) Revisited stocks: Conversely, when Cramer revisited a stock he had previously disclosed owning after it had recently declined, those picks performed very well. Ultimately, the specific type of call mattered far more than the general slogan suggests. You can read the full breakdown on the blog