Transcripts For CNBC Mad Money 20240714

I do it to help you be a better do it yourself investor or client and i do it with a team regina who has been with me since inception and with the help of dozens of fabulous people responsible for the look and feel of the show to the research we have a team that helps me with memos that back up the research and we have a head writer who is really the only writer and been the only writer since inception when he was a freshman in high school, thats cliff mason my sister nan and her husband today todds son, my nephew. The show is a labor of love. Weve been doing it so long we take it for granted what we do and tonight ill change it, correct it tonight i want to talk to you about the show, the evolution and how you can best use it or worse, misuse it and im doing so because there is so much we throw at you that you might not be able to use it as affectivel as we like i know this because i talk to enough people and interact with email and callers and twitter that i have a pretty good idea why you come here and what you really want. The show evolved from when we started. The show by the way was out growth of a radio show called real money i did in congestion with a Company Called the street going strong still write for it known as real money and manage my Charitable Trusts when we started the show, people were thirsting for specific investment ideas i was happy to compile the stock market changed over time we got hit with a Great Recession which challenged the entire asset class of stocks, meaning stocks as a way to save and make money we had many companies, Big Companies particularly in the financial world destroyed by the downtown because they length a lot of money and didnt have enough money in the bank to handle the losses from the dramatic decline in Economic Activity it was a credit crisis im proud of the fact if you watch me, you might have avoided downturn because i shouted that the fed was nuts, nuts and the situation was far worse than anyone realized no matter. I always find it ironic while the fed acknowledged i was only guy saying things were falling apart, i was the only guy in the media vilified for telling people to sell dammed if you do and dont that era has changed and changed me it changed the show. It was more of metamorphosis because i added language meant to describe a new pan femanifes. I say every night in some form or another, the show is meant to educate, inform and teach and say it in different times and ways each night. Thats very important and very different from the original show, a total break in a lot of ways because i think its not enough to give you stock ideas in fact, we deliberately minimized them over the last, well, decade we want for you to be able to understand the process and depict them for yourself or more important, we want you to understand the stock market enough for you to make a judgment whether you can do it yourself now, me, i love individual stocks, have for years and years and years. I think they can be tremendous vehicles that can lead to great wealth our shows identification with certain stocks literally from getgo, stocks like apple, chipotle, pepsi, honey well, Bristol Myers has not gone unnoticed but since we changed the show, we tried to leave behind the new ideas or hot ideas and instead try to give you themes that allow you to invest in more fertile sectors versus others. Themes i hope i can make come alive with analogy, starts, so you can do homework with them. Or living longer through Healthy Eating habits, social, mobile, cloud, connectivity investments. Ive written many books over time, proud of that. I know confessions of a street addict written before the show began remains a favorite but get rich carefully is designed to be this new shows companion. A lot of what i talk about in the show if youre having trouble get rich do it im caware that the market is hard you have time burdens and demands. You may be bewilders im not just okay with index funds but i insist that you use them i would not own a single stock until i put away at least 10,000 in an index fund either through your ira or 401 k. While i have addressed saving for retirement and saving for tuition and emergencies in many shows, i have in the ever point blank warned you off individual stocks so let me do this tonight. I would actually vastly prefer you to invest in index than mutual funds mutual funds have not distinguished themselves enough. There are individual managers that acquit themselves but move and records can change and past performance of course is no guarantee. All that which brings me to point number one of this show, i am not a Snake Oil Salesman for individual stocks. I am a believer in the asset class of stocks as part of an overall way to save money for retirement, tuition, vacation, anything your heart desires. I want you to have exposure, thats a technical term to the stock market and try to convince you that it is worth it to do so because stocks have indeed created so much wealth over time if you dont believe me, why dont you read warren buffets amazing report that describes why stocks are tremendous as an asset class to own and makes a great brief for them progress of business for business Going Forward and represent the wealth that companies create and the sharing of that wealth with shareholders you get to be a long for the ride and i want you to be along for that ride in a responsible way, which is most definitely owning an index fund im partial to the s p 500 but like a fund that gives you a total return or encompasses all the stocks in the market and offering found among fun houses. If you arent offered one, then of course go to the s p 500. Once again for those who dont get it, here is my bottom line, the show changed over time from we pick stocks to educate you about stocks so you can understand why an index fund of stocks might be worth investing in there is only one problem. We know you like stocks, too, or wouldnt be watching or need to watch which is why when we come back, well explain why we bothered delve into individual stocks at all after we have progress progressed, professed, such undying love these days for index funds as the first way to go larry in massachusetts, larry . Caller jim, i know ive mentioned it before but i just want to tell you how much your nightly focus lessons remind me of roosevelts fire side shaft. Well, president roosevelt was screaming. Thank you. Sometimes my mom just says thank you. Caller we need you out here, jim. Thank you. Caller here is the question, when does an investment turn into trade we dont accumulate too many stocks to have to monitor so how quickly and at what percentage gain do we unload a small position, which has gotten out of control high quality problem and conversely how quickly and at what percentage lost do we admit we got it wrong . Okay, i have short hand for these. I like to take off my rules have evolved. When youre up 50 , you take off 25 and when youre up 100 , you take off, yes, all of your initial investment and play with the houses money and say thank you very much and you got a good gain investment into trade, we dont do that. If something is an investment and labeled an investment, it is if you didnt get enough in when a stock came down and moved up, you can kick that out for a trade. An investment is a trade when you didnt get the whole position on. Greg in new york, greg caller jim, i feel like we speak every day. How are you doing . Quite well. How about you . I got a quick question, me and my friends are young investors. I want to know, do you think its taking more risk when youre younger and you dont have enough money to kind of put more money on the line and try to sneak the higher profit greg, listen to me, listen to me, greg you know, i didnt start with much money but i took big risk because i had my whole life ahead of me. You got your whole life ahead of you. Buy stocks and go down big, you got that paycheck coming its only older people who are further down the line that dont have enough paychecks left you take that big risk thats what i want chris in oregon, chris caller yes, jim, thank you for taking my question and thank you very much for all the great advice youve given me every position in my portfolio is captain cramer approved and doing very nicely. Youre welcome. Thank you so much. How can i help caller my question is i have a ira equity portfolio that i dont plan to draw on for about five more years, and everything then is obviously reinvested into it. My question is about dividends does it matter whether you reinvest those dividends back in the stock that generated them or just reinvest them in the fund in general i have any time you can reinvest dividend, reinvest dividend always reinvest the dividend power of compounding, one of the greatest single things that can happen to your money is the compounding of dividends okay, teach a man to fish, your show evolved but the mission is the same to make you the home gamer better invest tore no matter what you invest in. Im in your corner plenty of mad money ahead including how to plug into the markets biggest sources of wealth in the last few decades and it can be a huge way to win but also a massive catastrophe if youre not careful. Dont miss this important advice and im taking your tweets mad money will be back after the break. Announcer dont miss a second of mad money follfollo follow jimcramer on twitter have a question, tweet him or send an email to mad money a madmoney cnbc. Com or give us a call at 800743cnbc miss something head to madmoney. Cnbc. Com. [spokesman] if youve tried college but never finished, group cheering snhu lets you transfer up to 90 credits toward you bachelors degree. [woman] it doesnt matter how old you are, you can do it, you can finish. [spokesman] finish your degree at snhu. Edu to the wait did frowe just winners. Prouders everyone uses their phone differently. Thats why Xfinity Mobile lets you design your own data. Now you can share it between lines. Mix with unlimited, and switch it up at anytime so you only pay for what you need. Its a different kind of Wireless Network designed to save you money. Save up to 400 a year on your wireless bill. Plus get 250 back when you buy a new samsung note. Click, call or visit a store today. Weve started the show explaining why we teach what we teach, and why you want to own index funds to capture the profits and opportunities of stocks in agrigate those of you that say we think index funds are a waste of time, we arent ever going to change you over or win you. And we do know you dont need to both tore watch. We know. Why do we bother to do the show other than i like to be compensated for doing something if i like index funds that much. I could have retired by now. I did well in a previous life, did well at Goldman Sachs and compound return after all fees of 24 , when the standard index gave you an 8 return during the same period. Im come back to that number so hold on to it. Im lucky enough to be able to do what i want to do at this stage of my life every now and then again im tempted to think i should go back and be a Hedge Fund Manager but i remember my late father thought i was much happier doing what i do now and he thought it would be a mistake to go back to that old life because he thought it was too hard and thought the show was terrific and really helpful and my biggest backer in what i was trying to accomplish here thanks, pop. So why ever talk about individual stocks then first, we know someone must want the information or we wouldnt have lasted as long as we have and the market judged it to be something. If it werent, it could be cancelled years ago. I do it because of six stocks. National video dont write this down this is history. National video, st technologies, also known as Standard Press steel, giant foods, heinz and gantis these are at the core of why i think this show can play a role in your Financial Education and get you to the point where make few eer errors and have more ofa chance to make money if you choose to invest in stocks and index funds index funds are preferable for the vast majority of you but you want to buy individual stocks anyway or you wouldnt be watching mad money, which brings me to the first of six stocks that are at the genesis of this Show National video when i was growing up my fathers brother knew a broker and that brokers name is jack i met jack once. I recall he played a lot of tennis and had a good backhand my father worked hard. After the war he started and now Defunct Department store selling mens slacks, when it was clear he wasnt ever going to get promoted, he decided to strike out with his brother selling carpet and toy games, gift boxes to retailers those who have heard my fathers eulogy delivered the day after he died in november of 2014 know my dad had a really hard business life. He and his brother started the National Gift wrap and box company to supply merchants with everything they needed to box, wrap and bag whatever they sold to customers he never had much competition and customers were always going under and he was on the road quite a bit trying to find those new ones i remember endless days of discouragement i was growing up you know, those were days when my mom would tell me go to your room, go to your room before pop got home because he had a hard day and didnt make sales or customers were cruel to him. It was tough for him to save he had money in a bank account and savings and loan and didnt pay much interest and he was always deathly afraid he couldnt pay the bills so one day pop said he knew what he has, he knew what he was going to do. He was going to buy the stock of National Video because pops brother had heard from jack, the guy with the good backhand who was a broker it was the neck big thing. The stock of the ma lean ya mil. The stock went up and bought more of it and more of it because i was going higher yeah, in fact, that was a really about all pop knew about National Video pop didnt follow it he found out how it was doing by reading the fivestar evening bulletin, one of the biggest in the country that came out to the close of the market or turn on the radio and list a lot of closing prices on the station he put on including the heavily traded National Video and cheer. He even encouraged me to follow it ive told you in the past how i kept the journal of stocks in the fourth grade i didnt know anything more than what pop knew about National Video but i wasnt playing with real money after pop put a huge amount of his life savings in National Video, it went down. Like many people pop didnt know what to do so he would check in with his brother who check in with jack that told his brother who told pop all is well and he should keep buying it. He did all i can say is im glad for two things pop never borrowed money to buy National Video and stocks blessly stop at zero on the way down pop lost everything, everything. We didnt take much vacation and we sure didnt stay at the ritz carlton or four seasons when we went away. I remember ritz mock apple pie made with the crackers there was an important take away from the National Video e incident people are going to be tempted to own individual stocks to save or augment their paycheck. Its a fact. One of the preaccepse precepts, the mistakes my father made with National Video and youll know why this show is set up the way it is. First, he didnt know anything about it so he had no idea how the company was doing, how risky it was, how it would go down as well as up and under he relied on a stockbroker friend of his brother. He had done no work on it autoaautt al and he only knew to continue to buy rather than cut losses thats right he had a tip he bought the tip up and down if you do no work and lost everything substantial chunk of his life savings. So let me give you the bottom line, here are many take aways from the National Video story. Tips for waiters two, you must do homework if youre going to own individual stocks three, if you cant do it, own an index fund. If you fear losing money, dont own stocks as well they can go down as well as up by the way, i still dont know what it does i can google it but thats for another chapter in tonights story. After the break, ill try to make you more money. Limu emu doug and now for their service to the community, we present limu emu doug with this key to the city. [ applause ] its an honor to tell you that Liberty Mutual customizes your Car Insurance so you only pay for what you need. And now we need to get back to work. [ applause and band playing ] only pay for what you need. Liberty. Liberty. Liberty. Liberty. Doprevagen is the number oneild mempharmacistrecommendeding . Memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. Welcome back to a real special show of shows, meaning a show describing what this show is about and why i do it to begin with first, we covered that i dont even want you to buy an individual stock until you own a diversified index fund and it will be the biggest part of your savings, never stocks. We dont call the show mad money for nothing were using it to buy stocks the rest in index funds. Learn how not to invest, buy a stock National Video through a trip from a probroker and ridint all the way up and then all the way down that wouldnt happen with an index fund but we respect the right everyone has to try to invest in individual stocks. Even as we recognize that my father had he diversified into an index fund or basket of stocks might have had more to show for it which brings me to the second stock object lesson of the life, americaning ing amn i made 153 a week and then homicide in l. A. , after winning awards for my coverage of the ted bundy murders, i didnt make much money either there but i knew to open an ira to save money. My dad told me whatever little money i had went to the fideli tity mutual fund by peter lynch but like my dad, i was determined to augument the fund and my paycheck however i was going to do it the right way by researching the stock, getting edge through the research, not through the brothers or broker, all that stuff. Where would i get that edge . Why not read the articles that cover stocks there were so many of them back then i was hoping to start a magazine, trade publication and because of a lifestyle and the kind sister let me crash in her studio apartment in the village for a bit, i was able to save money. In fact, i saved more than 200 beyond my contributions and decided to use the definition of mad money to buy the stock of american agranomics. I read an article we got at work and that article said this orange grower was doing incredibly well and i would be on the ground floor if i bought it so i picked up ten shares of this 9 stock. Ten shares i was in on the ground floor you know what ground floor i was in on . The cheap ground floor yeah, because frost promptly wiped out the orange crop and destroyed my investment. I should have given up there i didnt i just changed my m. O. What i did isnt give up is the idea of giving up on a stock in a wellresearched article. It didnt hit me about a better way to do it so i got a call from an old friend of mine, High School Friend who said a local steel mill sps at that point was hiring if i was looking for a highpaying job. They had a lot of orders and desperate for workers. My friend knew i was struggling for extra money and knew i might want another job hey, those calls in the middle of versia recession for a frienn be like gold i was happy where i was but decided why not look into sps and see how it was doing as a company and stock so i went to the midtown library in new york and probably read up on anything and everything that was sps. Which then changed to st technologies they had everything at that library. Business period, you name it there wasnt much known and what was written was pretty darn negative my first thought is say oh, well, not doing that well, bummer but i realize, hold it, my information is the most current possible i got a guy telling me they cant handle the business they have and need to add additional shifts of unskilled labor like me but the periodicals didnt know about it. I was ahead of the story everybody pretty much knows everything at once but edges exist and we do our best to present them interpretations of news and events can augment the edges and analysis is important but back then i had the pure play i took everything i had, everything, everything i saved and made a ton of money as the sps story unfolded enough money i decided i would look around the office for more ideas. I was writing about lawyers working on acquisitions back then, all the public ones and it was clear the hot feel is about oil and gas, one after another they were being gobbled up i figured why dont i find one not globaled up. I find a company which had just discovered a large find in indonesia and took another chunk of money, 300 and bought that stock. I dont think i had to wait very long before i caught another takeover at that point, i was hooked that changed my whole career plan i put money into my mutual fund but anything left went into individual stocks and made enough money to pay for my first year of law school when i decided to go back and become an attorney people will say wait a second, none of this is possible today the Research Back then is everywhere now courtesy of the web. Anyone can google any company and know how its doing in a nanosecond and would have known sps taken over by precision cast parts that got a bid was hiring doing well third, there are now rules that make it so its really hard to get any edge because Companies Need to have full and fair disclosure that means some would say you cant possibly game stocks at all and might as well buy an index fund you know im not against that. I was investing in individual stocks right alongside a much bigger percentage of my savings in the best mutual time. You can study and pick worthwhile stocks that might be doing better and august tment y savings. Have edge and stay current on the company. Here is the bottom line, remember american and sps if one person says in the media, me or the writer or forbes or anyone else and you buy, im telling you here, thats not good enough its a start better to have genuine insight than others might not have if its against the grain of the consensus and increase the odds of the investment succeeding it is about the odds and any hard work and thinking you can do to increase those odds in your favor is going to make it more likely than not that you will succeed as a do it yourself investor, which in the end should be the exact reason why you watch this show. Joe in new york, joe caller booyah jim this is joe from kings park, new york thanks for taking my call. Of course. Caller just a quick thank you for sharing your wisdom. Appreciate it. Thank you. I got a great staff that helps me thank you. Caller my question, if i want to diversify or add three or four companies to my portfolio for the long term but by diversifying, i would be able to buy two or three shares of my company or would it be better to buy ten shares is the least amount of shares you would invest ten shares is well, ive done many times, ive owned ten. Ive done two or three remember, i favor an index fund for the First Investment after you max out i would suggestion you buy an individual stock. Nobody said investing was easy helping put the odds in your favor. It requires genuine insight, time and hard work dont worry, well do it together stay with cramer i can. The two words whispered at the start of every race. Every new job. And attempt to parallel park. electrical current buzzing each new draft of every novel. typing clicks the finishing touch on every masterpiece. newborn cries it is humanitys official twoword war cry. Words that move us all forward. The same two words that Capital Group believes have the power to improve lives. And that, for over 85 years, have inspired us to help people achieve their financial goals. Talk to your advisor or consultant for investment risks and information. Tonight im telling you how to increase the odds of successful individual investing using stocks for my personal history to tell the story. We have gone over why we start with index funds we have seen the wrong way to invest by examining a failed investment of my dads, National Video. We have seen the right way through a couple stocks i bought before i went to law school, all of which were ahead of the publicly available data curve back then. While at law school i managed to trade daily using personal insights and doing to the Harvard Business School Library that had everything available at the time you can dream of including the research from pretty much every major broker house as well as scc filings of individual stocks. So what if it was about a month old when we got them it was certainly better than nothing. During that time in law school, we saw the beginning of the indexing of individual stocks and saw the bundling first of the stocks followed by the Value Line Company an influence l Research Firm at the time, still around then ultimately the s p 500. I didnt think much of it when they bundled that back down. I just didnt. I was more interested in individual stocks and i had some big scores, all of which you can read about in confessions of a street addict but at no point did the changes cool for individual stocks. The hay day for stock was just beginning at the time i began law school which is why i put it on my answering machine and almost all made money. We were coming out a subpar Market Performance Interest Rates were about four times, five times elongated bonds are now and money coming into stocks, well, lets just say it was all beginning how do i know . Simple i started on commission in 1984 at coGoldman Sachs, i got a cal from nonother than my mother that loved the stock markets and could call for quotes. I got her interested in stocks in the early 80s and she chose to invest in the way peter lynch started to teach us back then, buy what you know and stay on top of it. She was shop income giant food which is a super progressive market and asked me if she thought it was publicly traded what i would do is something i would often tell you to do i would read up on the wall Street Research and marry her experiences at the chain, personal insight with the fundamentals of the grocery business goldman had what was known at the time, the acts and i would read what he had to say about giant versus the other firms he really liked i had the luxury also having a friend tommy tish from the Lowes Corporation that would send me a big gym bag of research that wrote about grols rygrocery stor week you like an idea through personal experience and read up about it with the best research. You match those insights with those of other firms if the acts liked it more, you might have a slight im pinper pex. It was helpful if they trace out the game plan because if there was terrific growth going to national growth, that would mean investors would pay out more than for other companies meaning the multiple, which is the price were willing to pay for future earnings or the p. E. Could go higher these days everything is so much easier giant food was bought by a Touch Company had it stayed public, you could have gone to the web page and it would have most likely have everything you want including a stock price that is available everywhere, no need to call the broker. Everyone has equally the same info equal Public Information but the insight was the starting point you cant substitute for that. No my late mom never lost her interest in stocks she took sick with cancer in 1985 and call me every day at 9 30 to get her quotes when the market opened. She did it to stay alert and to stay connected to me Goldman Sachs gave me as much time off as i needed to spend with her before she died but i never forgot how easy it was for a parent and son or daughter to talk about stocks which is a major reason some of you watch the show and i pledged one day i would do something more creative than make money with money, something fulfilled years later by this show it is important to know despite the different inputs, the process of picking winning stocks can be up ended by events as we know from the Great Recession or execution of the company itself and the power of competitors to knock it off in stride which brings me to the fifth stock in our saga, gantos. Anybody remember that . Is a womans apparel chain that the Goldman Sachs Research Department loved and had a close relationship with. Heavily promoted by the firm i tried to get my father to buy stock in the chain but he would hear nothing of it i asked why because we had the best day on the street he said because no one goes there. I told him that was impossible i was way too highly rated by gold man my father said already, lets take a trip to Franklin Mills a giant outlet mall outside of philadelphia that my father used to go as he called on merchants to see if he needed boxes and bags there was a gantos and my father said here is what well do well sit on this bench and camp out in front of gantos and make a judgment whether anybody goes in or out and buys anything. We sat for hours and hours and talking and watching and only a dozen people entered the darn store and i couldnt recall if we saw one guy and one woman coming out a bag i shorted the company that monday and stayed short until the whole thing went to zero and got liquidated wall Street Research can be wrong. Gantos made me skeptical to put this in perspective, im offering a way for this show to bolster the process and infused with lessons and imagine my mother being a caller and keep the skepticism of the gantos lesson and try to figure out how i can help through presenting you the giants and gantos to understand the process of good investing. Most of all, i want to show you that it isnt reckless to pick individual stocks and those who say it is just dont understand the process of firsthand experience married with research and skepticism it all increases the odds of k successful stock investing here is my bottom line my mom is no genius at stocks but she did have a genuine interest my dad was a genius at retail. And i would like to think that some of that rubbed off on me. Stay with cramer thats what happens in golf nothiand in life. Ily. Im very fortunate i can lean on people, and that for me is what teamwork is all about. You cant do everything yourself. You need someone to guide you and help you make those tough decisions, thats Morgan Stanley. Theyre industry leaders, but the most important thing is they want to do it the right way. Im really excited to be part of the Morgan Stanley team. Im justin rose. We are Morgan Stanley. Stand up if you are first stand up if youre a mother. If you are actively deployed, a veteran, or youre in a military family, please stand. I will tell you this, Southern New Hampshire university can change the whole trajectory of your life. Were talking about individual investing and how to teach you how to analyze stocks you might pick you can keep watching but invest in index funds, not vindividual stocks i want you to have an edge of catalyst or experience to match it with homework, research and from the companys website but recognizing must be skeptical at all times. Now, though, lets get to the final piece of the puzzle that eludes so many of you and make the process far more mystical than it seems. Lets talk about heinz, the Company Bought not that long ago. When i decided to leave Goldman Sachs after four fabulous years to open my hedge fund, the first stock i bought was heinz why . Buzz i was looking to own a stock that represented a call and Great Management Team that could deliver earnings through thick and thin it was a classic growth stock moving from the first world to the third world. Beused we used to call it that and a clear growth ahead plus the time when the japanese were nipping to the companies and chinese a power, i was confident we would never have asian ketchup on the picnic table, that proved to be right but i didnt count on the Hedge Fund Manager class if i had those i could suggest my clients buy more of, that way i wasnt wrong and run the risk of losing a client i could reiterate my buy but Performance Management has its own set of rules and it was learning them on the fly that really got me lets just say down on my luck. Just buying stock because you knew it was terrific didnt matter to my new investors they want a daily performance and i started my fund at a time when the economy was beginning to heat up heinz was a staple with a good dividend and i didnt understand when the economy heats up, people dump these stocks for something more cyclical in the blink of an eye. I watched as heinz and Bristol Myers that i owned drop and drop and drop some more they were caught in what i didnt realize, a rotation into stocks of companies diversified machinery with businesses with earnings that would heat up and pop. I didnt get that if i wanted to perform daily. E re i realize i have to dump heinz and Bristol Myers and to name a few mining and mineral companies. Nevertheless, i had a clause on my contract with my investors, it was silly but one of the guys said if my fund dropped by more than 10 , i would have to open the doors and let people out of their contract with me e kn i noticed each day my funds sank and sank and sank because it was filled with best debris and not fashionable. When i fell in the 9 , we booted my favs and started playing rotation and got to even and much more so it was a sobering lesson i never forget if you want to perform on a daily basis, you got to take action you cant just sit there and get your head into it because you own the companies there is only one problem. This rotation game is not one you can play at home without being a fulltime professional here is why. As that year progressed, the economy got hotter and hotter and hotter and the stocks got higher and higher and at a certain point, things got to high the next thing you know the stock market crashed all of the cyclical plays were decimated. So were Bristol Myers and heinz. They snapped back. Lets come back to the show itself ive told you to use an index fund no matter what and sbriej sto buy individual stocks with mad money. The derailment and follow your stocks because of rotation and vents and then i try to show you as a home gamer, you can use the Hedge Fund Performers by picking up companies i do it by the longer pieces as a result of what is happening and learn about the stories and see if they fit into what is right and wrong in the mad money world view and remember after the great crash of 87 or crash, my job is to keep an eye on that prize for you and explain why the market may not be reflecting what is going on i augment the views. My book get rich carefully and show you how that works. Its a Performance Fund given tough restrictions and it can help you understand the rotations better than anything out there while producing good profits for charities. Im proud i gave away more than 2. 3 million since the inception. All along the way ive had your interest to be a better invest tore at the heart of the show and want you to understand i know this show isnt perfect ive made his stamistakes i didnt always do my homework correctly. Have a reputation for being too bombastic. I want to keep you informed in an entertaining way. If i didnt try to make it a little fun, it would have failed years ago and i would have let down my mother, father and home gamers years and years ago if you know the bottom line is im doing my job and hopefully doing it right stay with cramer today i thought i would give my hands a break in real money, he means the book, you said to be aware of firms financed heavily with debt is there a certain debt ratio to avoid madtweets the main thing you have to do is be sure the debt they have and interest isnt overwhelmed and it doesnt overwhelm the company. Can the cash flow pay for that interest thats what youre looking at, cash flow versus interest. Here we have number two, i jimcramer, is there any possibility of returning Gold Standard no we dont want that that pegs it in a way to make no flexibility whatsoever however, i think that owning some gold is always a good idea. You can do it through the bullion or gld or i might recommend a stock, those are the best ways. Check this out, we have great morning on the west coach teaching my 5dayold the value of investing on cnbc what can i say you know what that kid has, horn sense. High Quality Companies, could you define value, good cash flow, low debt, what is the quality . Everything gets sold best to breed. It is acknowledged to be the corporate leader in its sector thats what i want and if the sector is sector, youll have a good, longterm investment wait until we get a periodic move down. Thats when you pull the trigger. Buy good Quality Companies we know that Money Never Sleeps but do you ive always had a sleeping problem and my sister and father we cannot stay asleep as long as wed like and thats why you see me tweeting at 3 40. Who are short serllers worth following and learning from . Im looking for is the best shorts, not the best short sellers because i found perio c periodically they are in the wrong stocks, shorting the same stock so i like to look at the company case by case youre 6 00 p. M. Show replaced the nightly news, amazing coverage i still like the nightly news but appreciate that. Im glad you wactch it on air. Up we have cjp under score teo. So glad youre helping us. I read every action alerts plus alert. Very helpful thank you for the extra tv hours. Thank you. Action alerts plus. Com is a companion newsletter to my Charitable Trust my own money in a trust i send to a charity and write about it while im doing it to analyze it stick with cramer. Excuse me, where is gate 87 . You should be mad at nonseasoned travelers. And they took my toothpaste away. And you should be mad at people who take unnecessary risks. How dare you, hes my emotional support snake. But youre not mad, because you have e trade, whose tech helps you understand the risk and reward potential on an options trade its a paste. Its not liquid or a gel. And even explore whatif scenarios. Wheres gate 87 . Dont get mad. Get e trade and start trading today. [spokesman] if youve tried colleg group cheering shed, snhu lets you transfer up to 90 credits toward you bachelors degree. [woman] it doesnt matter how old you are, you can do it, you can finish. [spokesman] finish your degree at snhu. Edu doprevagen is the number oneild mempharmacistrecommendeding . Memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. I like to say there is always a bull market somewhere and i promise to help you find it here on mad money. Im jim cramer and ill see you next time. Welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. If they hear a great idea, theyll invest their own money or fight each other for a deal. This is shark tank. With a product she believes will help expecting moms feel beautiful. Hey. My name is deidrea haysel. My company is hot mama gowns, and im seeking 30,000