This show is based on one herdical idea that its possible for you if you work at it to make more money investing for yourself than you would be hiding out in bonds or even putting money in index and funds. Which we favor pundits and commentators say its too hard, ordinary people shouldnt do it for themselves but i know from running a hedge fund you can do it as long as youre willing to put in the time and effort. I know youre succeeding when you stop me on wall street or on the way to squawk on the street because you tweet me at jimcramer. Thanking me for help along the way. Not everybody is up for it, i have no problem with index funds. But to be a good investor, you have to understand how the market works behind the scenes tonight im devoting this show to educating you, sharing important lessons ive learned in more than four decades in the market before i can start teaching you, lessons i need you to unlearn. Myths about the market that need to be demolished one of the most perniciou
Penn presbyterian. Great doctors, great staff. Reporter 57yearold councilman underwent surgery overnight but he bounced back quickly and askeing to home. He spoke about the terrifying encounter with a knife wielding suspect. The next thing i know hes there next to me with an urgent look on his face. Reporter councilman oh says he realized immediately something was very wrong. And then he punched me in the lower rib which i happen to know what that is so i said, did you just stab me . And he had. I looked down and he had a seive more than a knife it was a seive. He said, keys, car, wallet, cash, everything. He said i want everything. At one point in time he lunched at my, you know, face i had to put my hand up and i got cut across the forearm. Reporter in the middle of the attack council om revealed several men in white car pulled up asking do you need help . But thinking it was the suspect who was in trouble. They took out their smart phones and they were recording what was happening.
If you work at it, to make more money investing for yourself than you would be by hiding out in bonds or even putting your money in index and mutual funds which you know we favor. The pun thats commentator say its too hard. But i know from experience, from running a 500 Million Hedge Fund for 14 years and returning 24 after fees that you can do it as long as youre willing to put in the time and effort and i know youre succeeding when you tell me about your big winnings, i know because you tweet knme but in h order to be a good investor which i know you can be, youve got to understand how the market works behind the scenes what might be happening four stocks without you even knowing it thats why tonight im devoting this show to educating you, sharing most of the important lessons ive learned before if can start teaching you or learning about stocks, theres lessons i need you to unlearn. The notion that the market is always rational. That the action always makes sense. That simply isnt t
As i always say, never forget that the market can often be stupid for whole sessions of trading, and i see it happen frankly around here once a week or maybe even twice. Its our job in the media to make sense of what is happening and sometimes we go too far trying to find the logic and the reason behind moves nothing but tales told by idiots, and on a daytoday basis the market does crazy things and its important to be able to say, you know what . These moves are just nuts and dont make any sense at all, because once you Start Cooking up connections where none really exist, you are in trouble. Sometimes stocks or the whole market will go up or down that have nothing to do with the prospects of the companies, and when it occurs, you want to take advantage of the rationality, and nobody ever made a dime panicking. When we get hit with a huge pull back, there will be stocks that went down disconnected, and hedge funds in trouble start selling and not because they want to, because they have
In the time and effort. I know you are succeeding when you tell me about it, and you tweet me thanking me for help along the way. Of course not everybody is up to it, d thats why i i say, i have no problem with index funds but in order to be a good investor, which i know you can be, you have to understand what is going on behininthe scenes. I am devoting the show to educating in some of the most important lessons i have learned in four decades in the markets. There areessons need you to unlearn, myths about the market that need to be demolished. Theres the notion the market is always rational and the action makes sense, and thats not true. On any given day, stocks could go up when they should have gone down and vice versa. As i always say, never forget that the market can often be stupid for whole sessions of trading, and i see it happen frankly around here once a week or maybe even twice. Its our job in the media to make sense of what is happening and sometimes we go too far trying t