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Transcripts For CNBC Mad Money 20120829

seniors being willing to take on part of the burden. that s not what we re hearing from this campaign, we re hearing them attack barack obama. nobody is saying you need to september less in social security and in benefits. it was very well delivered. i don t know, i loved the second american century, and that sense of opt him, and having what he calls principaled compromise and leadership. that was his style in new jersey and i think that s what mitt romney is going to try to do. in some sense, this is the blueprint of what romney will do. most of all, principaled compromise and leadership which is exactly what president obama has not delivered. what struck me is what he did not talk about. not one single mention of the so called social issues. if you think back to 1992 when pat bucanan gave the same speech about the culture wars and religious wars, the republican party is delivering a message much more focused on the economy instead. do you agree with that? no question

Transcripts For CNBC Mad Money 20120828

discipline. and so night, i m laying out these rules to help make money in what can be an incredibly bewildering, confusing and even infuriating, certainly irritating market. if you flow my rules you should recognize an opportunity when you can see it and to manage not losing money if you don t have to, no matter what the circumstances. including a collapsing euro or a slowing giant or even skyrocketing oil prices. let s get down to business. here s the first one. i don t want you digging in your heels anymore when you re wrong. or in the immortal words op john manor canes, when the facts change, i change my mind. what do you do, sir? one of the easiey esiest mistak make, i refuse to change my 12r50i7s after the facts are in and i ve been proven wrong. it s natural to dig in your heels and refuse to change in your mind when you think you re right but the market is going against you. it s also a quick and easy way to lose money. yet mad mailers, and particularly twitter follow

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