Jim Cramer's Mad Money Stock Recap June 1st
"If there's one thing I've learned in my years and years of trying to help make people money, it's that you've got to play by the rules," Jim Cramer told viewers of his "Mad Money" TV show.
Almost every time he's broken his own rules, Cramer said, he's lost money. "That's why the rules are there: They keep you disciplined and they keep you from making mistakes," he said.
In his book, Jim Cramer's Real Money: Sane Investing in an Insane World, Cramer laid out all the rules he played by while running money at his hedge fund.
But in the year he's spent working on his "Mad Money" TV show, he said, he's learned more about stocks than he did during the five years he spent at his hedge fund.
Therefore, he has 20 new rules for people to use in his book, Jim Cramer's Mad Money: Watch TV, Get Rich.
But because Cramer wants his viewers to make money and believes these new rules will help, he said he's going to dedicate his show to explaining five of the 20 rules laid out in the book.
"The new rules aren't just about being an individual investor trying to beat the market," he said. "They're about how an individual investor can understand how the big institutions work."
"There's no such thing as 'the market,' and we shouldn't reify it," Cramer went on to say. "There are just a bunch of funds that control most of the money that goes into stocks, and the guys running the funds mostly think the same way."
Published By TheStreet.com
Almost every time he's broken his own rules, Cramer said, he's lost money. "That's why the rules are there: They keep you disciplined and they keep you from making mistakes," he said.
In his book, Jim Cramer's Real Money: Sane Investing in an Insane World, Cramer laid out all the rules he played by while running money at his hedge fund.
But in the year he's spent working on his "Mad Money" TV show, he said, he's learned more about stocks than he did during the five years he spent at his hedge fund.
Therefore, he has 20 new rules for people to use in his book, Jim Cramer's Mad Money: Watch TV, Get Rich.
But because Cramer wants his viewers to make money and believes these new rules will help, he said he's going to dedicate his show to explaining five of the 20 rules laid out in the book.
"The new rules aren't just about being an individual investor trying to beat the market," he said. "They're about how an individual investor can understand how the big institutions work."
"There's no such thing as 'the market,' and we shouldn't reify it," Cramer went on to say. "There are just a bunch of funds that control most of the money that goes into stocks, and the guys running the funds mostly think the same way."
Published By TheStreet.com
Labels: Jim Cramer, Mad Money
posted by Stock Administrator @ 7:09 AM
2 Comments:
At 4:07 AM ,
Anonymous said...
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At 8:22 AM ,
solmentor said...
In his book"Jim Cramer's Real Money" Sane Investing in an Insane World, Cramer laid out all the rules he played by while running money at his hedge fund.
But in the year he's spent working on his "Mad Money" TV show, he said, he's learned more about stocks than he did during the five years he spent at his hedge fund.
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