Jim Cramer
Businessman
1955-02-10
Quotes by Jim Cramer
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I mean it's the most objective industry in the world. If your numbers stink, you're out. If your numbers are good, you get more money. It's the most Darwinian, it's beautiful, it's brutal, it works.
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I don't think that's changed at all. I think there are a thousand stocks out there that could make you rich, totally independent of what you do for a living.
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I have never for a minute felt in was my stock picking abilities. I feel that my stock picking abilities aided- I was able to pick out which are the good stocks in the good market, but I have been blessed with a great market.
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And, strangely, this one of the few things in life that the third, the latter, the buy with our eyes closed has actually done better than everybody else.
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It's the company itself, but most of these mutual fund companies, the guy who runs the company is just a fact totem and the guy who runs the money is the power. But we really don't know who they are.
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The danger that we have right now are people who get the same information as I do and, therefore, think they'll reach the same conclusions that haven't traded as long, don't have bear claws up and down their backs like I do.
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There's accountability in the mutual fund industry. And they've been tremendous engines of wealth for people and they're going to continue to be so.
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There are tons of people who are late to trends by nature and adopt a trend after it's no longer in fashion. They exist in mutual funds. They exist in clothes. They exist in cars. They exist in lifestyles.
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I think that I could have been take apart if the bear market continued, but I waited three years before I felt the bear market was over and I was right.
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I made a small fortune. I made a lot of money and I made a lot of other people wealthy.
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