I will stand up for what I believe and for what I have always believed: Every person has a right to be rich in this country and I want to help them get there.
When I come to work each day, whether as a commentator for TheStreet.com or a host of Mad Money With Jim Cramer, I have only one thought in mind: helping people with their money.
You have a class of investors and you have a class of speculators. The speculators historically haven't been big enough to cause the investors to doubt the long-term vision of stock.
Well, he's just the same guy who in other aspects of his life would be very late to a trend.
We typically hear numbers that there are 34 million households that are in stocks in some form. Well, I say that what's occurred is if you have a job in this country, you're in stocks.
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.
The way the credit cards were made in the '80s to be a people's form of capitalism and be able to make it so that you could get a loan that you would have been denied previous, now that's the way stocks are.
The party line is that stocks historically have outperformed all other investment plans.
The mutual fund industry provided the money for Intel and Motorola and Hewlett-Packard to crush the competitors.
The corporate killer downsizing is directly responsive to what the mutual funds have wanted.
Microsoft was not a mysterious, strange entity. You put your PC on and there's an ad for them.
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.
If you can't find the next McDonald's, I'll find the next McDonald's. But it's vital to be with people who with looking for 'em, because they do exist. They are created.
I want to buy them, because historically these have been great engines of enrichment for the middle class, 'historically' meaning now for a good ten years.
I think you'll do as well as most professionals. Most professionals don't beat the market. Let's not over-rate my industry. But if you have time, you can be in good mutual funds that have good records.
I think that there are changes that have occurred in technology that make is that more people can have the same level of information that I have. My advantage is that I'm very good at interpreting the information.
I think that the public is in and the public is in big, and the public is not, I don't think going to pull out because the public knows what I said about 1987.
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.
I mean that what makes me a professional, but the market itself has been fabulous during this whole period and I've got to give the market credit before I give myself credit.
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.
I mean I'm not smarter than the market, but I can recognize a good tape and a bad tape. I recognize when it's right and when it's wrong and that's what my strength is.
I made a small fortune. I made a lot of money and I made a lot of other people wealthy.
I invest in funds myself even though I run my own fund for my daughters.
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.
I am doing my best to find it. I will find it before the public finds it. I will get out of it before it's too late. The reason I will do that is because that's what I'm paid to do.
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.
The people who are buying stocks because they're going up and they don't know what they do deserve to lose money.
These will be fabulous investments and will make millions of more people rich.
We are all wrong so often that it amazes me that we can have any conviction at all over the direction of things to come. But we must.
What I'm saying is that there are bargains right now, there are stocks right now that if you're shrewd enough, you will be able to buy them at the opening today and I you'll make money in a year from now.
