Jim Cramer Quotes
When people ask me how I was able to make so much money in the market during a 20-year period, I would always say I did it off the misunderstandings of others.
Cramer, Jim. Jim Cramer's Real Money: Sane Investing in an Insane World. Simon & Schuster, 2005.
In 1900 Argentina was the 4th richest country in the world and had a gross domestic product about the same size as the United States. Misgovernment, ego, delusion, and corruption have impeded their progress since. However, Argentina has had the largest proportion of European ancestry citizens in Latin America. Prejudice being what it was, the European ancestry Latinos perceived themselves better than the descendants of the native Indians or Black slaves. So Argentinians even to this day tend to see themselves as superior to the other Latin nations. And at one point they were amongst the richest countries. Bolivia, in contrast, has the highest proportion of indigenous people and they most of all resent the Argentine attitude of superiority.
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.