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The people who are buying stocks because they're going up and they don't know what they do deserve to lose money.
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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.
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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.
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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.
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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.
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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.
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The corporate killer downsizing is directly responsive to what the mutual funds have wanted.
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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.
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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.
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The party line is that stocks historically have outperformed all other investment plans.
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There are tons of people who are late to trends by nature and adopt a trend after it's no longer in fashion. They exist in mutual funds. They exist in clothes. They exist in cars. They exist in lifestyles.
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I made a small fortune. I made a lot of money and I made a lot of other people wealthy.
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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.
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These will be fabulous investments and will make millions of more people rich.
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I have never for a minute felt in was my stock picking abilities. I feel that my stock picking abilities aided- I was able to pick out which are the good stocks in the good market, but I have been blessed with a great market.
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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.
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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.
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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.
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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.
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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.
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The mutual fund industry provided the money for Intel and Motorola and Hewlett-Packard to crush the competitors.
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Well, he's just the same guy who in other aspects of his life would be very late to a trend.
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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.
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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.