Mad Money w/ Jim Cramer 08/09/19
Mad Money w/ Jim Cramer
CNBC
4.3 • 4K Ratings
🗓️ 9 August 2019
⏱️ 43 minutes
🧾️ Download transcript
Summary
Transcript
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| 0:00.0 | My mission is simple to make you money. |
| 0:04.0 | I'm here to level the playing field for all investors. |
| 0:08.0 | There's always a more good summer and I promise to help you find it. |
| 0:12.0 | Man money starts now! |
| 0:16.0 | Hey, I'm Kramer! |
| 0:18.0 | Welcome to Man Money. Welcome to Kramer America. |
| 0:20.0 | I'd be able to make friends. I'm just trying to make you some money. |
| 0:22.0 | My job is to entertain but to educate and teach you some call me at 1-800-743-CBC. |
| 0:28.0 | Or tweet me at Jim and Kramer. |
| 0:30.0 | You want to know the single most useless thing you can do in this business? |
| 0:34.0 | Well, that's easy. |
| 0:36.0 | The most useless thing you can do as an investor is to worry about what everybody else is worrying about! |
| 0:44.0 | The flip side of this though is also true. |
| 0:48.0 | There's no point in getting excited about something that everybody else is eagerly anticipating. |
| 0:52.0 | Why? Because when the vast majority of investors agree that something's going to happen, |
| 0:56.0 | well, that thing tends to be already priced into the stock market. |
| 1:00.0 | While the real economy moves at its own sedate pace, |
| 1:04.0 | you've got to borrow money to build out equipment, then use that equipment to manufacture goods, |
| 1:08.0 | then transport them to retail outlets, then wait for the customer to come along, and buy them. |
| 1:12.0 | The stock market has no such limitations. |
| 1:14.0 | Stocks don't quite travel at the speed of light. |
| 1:16.0 | Well, how about the speed of thought? |
... |
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