#cramerica

[brianfrench1995]

Capitalism in one MSnbc graphic 

[hornak-reflections]

Confessions of a Street Addict

Written By: Jim Cramer

What I gained from this book was different than expected. The lessons I learned were completely scattered, from relationships, to persistence, to interview and stock tips.

Jim applied to Goldman Sachs to achieve his first associate position with a big money management firm. The interview process was incredibly rigorous and Jim was under great pressure. Goldman’s program was selective and renowned. That weighed on him, but he focused and prevailed. After every question Jim was asked during the interview, he paused and thought. He exploited every bit of time he could.

This resonated strongly with me because I have a problem with thinking before I talk. We are human beings full of emotion; high stakes, excitement, and resentment are just a few variables that can cloud our thoughts and performance. Once we speak or act, we cannot take that back. Sometimes we only have one chance, and we have to make it count. It is imperative to take every second we can to think so we act in an effective way.

Once Jim got more deeply involved in trading, it began to consume him. His friends and family who had given him so much were nearly forgotten and began to resent him. Stock market analysis and trading were most certainly Jim’s passions, but his habits simply became too much. If it hadn’t been for Jim’s friends and family, he wouldn’t have had the opportunities and success he had achieved. Once he began to lose the support he once had from his family and friends, he finally started to turn around. If he hadn’t restored these relationships, he would have given up priceless gains that have continued on throughout his life.

On the business side of things, Jim provided some stock tips:

1.      Stocks that are do not get a lot of attention are opportunities for big gains because they will eventually be found out.

2.      Always have someone to check up on your stock choices. I believe this one to be incredibly important. Jim said in another one of his books that you should be able to convince another of your action, and if you can’t, you should reevaluate.

3.      Cramer described how he created a stock market bottom with his hedge fund, and this is what he has to say about it: “At the bottom even the coolest, most hard bitten pros blink. At the bottom, the last bulls throw in the towel. At the bottom, there is the final capitulation.”

4.      “Flexibility is what distinguishes a good trader from a bad one.” Don't cling to positions when you know the facts have changed and the original justification of ownership has deteriorated. Even if there are big losses that you want to regain, it is not safe to hold if the facts have changed!

Jim is a great man who is incredibly talented, but fallible. He always says that he wants his viewers and readers to learn from his mistakes. This is a great book to do just that. It is incredibly inspirational. I hope to be like Jim someday.

[thestreet]

Jim Cramer talks about Friday’s jobs number

Is good news bad news?

We got a really, unbelievably good employment number today. It looks like there's more people being put to work, part-time people are finding full-time jobs, and wages are a little better. And people are interpreting this as negative...

[thestreet]

It’s National Coffee Day and Jim Cramer is really excited

[julesmcdonaldmusic-blog]

This guy cracks me up! 😂😂 #fbf #madmoney #thestreet #cnbc #cramerica #funny #happyfriday @jimcramer

[thestreet]

"I love that Netflix goes into the viewing habits of customers. This company has actually thought about customers like good retailers do. It recognizes that people prefer to have all the content at once if they would like that content."

Jim Cramer, via TheStreet.com 

[brandsonvine]

CNBC

Jim Cramer and the Mad Money On CNBC team ring the closing bell for the NYSE! #CNBC #NYSE #Cramerica