I’ve lost tremendous amounts of money in various markets and I think that that’s something that makes you better at my job, not worse.
Funny, but after trading for more than 15 years, I still am capable of forgetting a cardinal rule: The paper you own, in the end, will be intertwined with the fate of the 30-year bond.
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.
Remember, I am neither a bear nor a bull, I am an agnostic opportunist. I want to make money short- and long-term. I want to find good situations and exploit them.
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.
Picking the right stocks is one of the hardest parts of investing, and every night on Mad Money, I try to take some of that burden off your shoulders.
I just can’t stop myself; I’m addicted to making you money. I should be spending all day in a country club or never getting out of my pajamas like Hugh Hefner.
On days like today you realize that you just can’t keep these hypergrowth stocks down.
Well, he’s just the same guy who in other aspects of his life would be very late to a trend.
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.
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.
I made a small fortune. I made a lot of money and I made a lot of other people wealthy.
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.
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.
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.
The party line is that stocks historically have outperformed all other investment plans.
I invest in funds myself even though I run my own fund for my daughters.
Don’t move your money from Bear! That’s just being silly! Don’t be silly!
I may play a total madman on TV, but I’m really just a very unbalanced guy at home. However, when it comes to stocks, I believe in being rigorous and methodical, not crazy. There’s no madness to my method.