Jim Cramer Quotes


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.


Citations

Cramer, Jim. Interview. Frontline: Betting on the Market, PBS, 14 Jan. 1997.

Related Quotes

He distressed most of the other stock brokers on Wall Street by pointing out that if brokers were so smart, why would they not want to buy the stock for themselves rather than sell it to you. Therefore, he generally concluded that the best stocks are bought by the brokers and bankers for their own accounts, and the lesser quality shares are sold to the public.


Stock brokers and investment banks who are supposed to provide professional investment advice generally tell their customers good news about a company, market sector, or the market in general, but rarely convey bad news even if they are aware of it. They will often protect their own accounts but not tell their customers what they know and what they honestly believe.


Jim Cramer
Jim Cramer
  • Born: February 10, 1955
  • Nationality: American
  • Profession: Television Personality, Author

James Joseph Cramer is an American television personality and host of Mad Money on CNBC. He is a former hedge fund manager as well as an author and a co-founder of TheStreet.com.