Money investing for yourself than hiding out in bonds or putting your money in index and mutual funds, which you know we favor. Pundits and commentators say its too hard. 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 you are succeeding at individual investing when you stop me on wall street or squawk on the street. Not everybody is up to it. Thats why i say i have no problem with index funds. In order to be a good investor which i know you can be youve got to understand how the market works behind the scenes. Thats why tonight im devoting the show to sharing the most important lessons i learned in more than four decades in the market. There are lessons i need you to unlearn, myths that need to be demolished. The notion that the market is rational. That the action makes sense. That simply isnt true. Any given day the action in the market can be no
Money investing for yourself than you would be by hiding out in bonds or even putting your money in index and mutual funds. The pundants say its too hard. Ordinary people shouldnt invest for themselves or shouldnt try it. I know from experience by running a hedge fund for 14 years and returning after fees that you could do it as long as youre willing to put in the time and effort. And i know youre succeeding when you stop me and tell me and i know it because you tweet me jimcramer on twitter thanking me for help along the way. I have no problem with index funds. You have to understand how the market works behind the scenes. Now before i can start teaching and before you can start learning about stocks theres lessons i need you to unlearn. Myths that need to be demolished. One is the notion that the market is always rational. That the action always makes sense. That simply isnt true. On any given day the action in the market can be completely nonsensible. Stocks can go up when they shou
Market works behind the scenes. Now before i can start teaching and before you can start learning about stocks theres lessons i need you to unlearn. Myths that need to be demolished. One is the notion that the market is always rational. That the action always makes sense. That simply isnt true. On any given day the action in the market can be completely nonsensible. Stocks can go up when they should have gone down and vice versa. Entire sectors can move for bogus reasons. As i always say, never forget that the market can often be stupid for whole sessions of trading. I see it happen frankly around here at least once a week. Maybe even twice. Now its our job in the media to help you make sense of whats happening but sometimes we go too far and start creating explanations where there are none and trying to find the knowledge behind the moves that are nothing but tales told by idiots. Never assume that just because something happened it has to thats nonsense. On a daytoday basis the marke
Market works behind the scenes. Now before i can start teaching and before you can start learning about stocks theres lessons i need you to unlearn. Myths that need to be demolished. One is the notion that the market is always rational. That the action always makes sense. That simply isnt true. On any given day the action in the market can be completely nonsensible. Stocks can go up when they should have gone down and vice versa. Entire sectors can move for bogus reasons. As i always say, never forget that the market can often be stupid for whole sessions of trading. I see it happen frankly around here at least once a week. Maybe even twice. Now its our job in the media to help you make sense of whats happening but sometimes we go too far and start creating explanations where there are none and trying to find the knowledge behind the moves that idiots. Never assume that just because something happened it has to make sense. Thats nonsense. On a daytoday basis the market does crazy thing
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