A Quote by Jim Cramer

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. — © Jim Cramer
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.
You know why stardom screws up people ? Because it gives you too many choices. As a 20-year-old I was making as much money as, well, as much money as it was possible for a 20-year-old to make in India. That sort of thing could drive people nuts. But I put my in money in the bank.
In my opinion, the greatest misconception about the market is the idea that if you buy and hold stocks for long periods of time, you'll always make money. Let me give you some specific examples. Anyone who bought the stock market at any time between the 1896 low and the 1932 low would have lost money. In other words, there's a 36 year period in which a buy-and-hold strategy would have lost money. As a more modern example, anyone who bought the market at any time between the 1962 low and the 1974 low would have lost money.
When I was 20, journalists would ask me what I would do when I retire from waterpolo. For me this is not just a five- or ten-year-period in my life. This is life itself.
What better way to get to know a culture than to go there and learn their sports? And I say to people who tell me they can't travel, 'How much did you spend at the mall this year? How many times did you eat out? Take that money and go.'
People are always asking me how much I'm worth. Well, all I can say is, I've got enough money to last me the rest of my life. As long as I die in the next 20 minutes.
I would ask my mother to show me how to walk - and she did show me. That's why I think it's funny when people say, 'Did so-and-so teach you how to walk?' And I always say, 'You must be talking about my mother, because it was my mother who taught me how to walk.'
My father was always not concerned about the wealth I have, but every year he would ask me, how much have you given in charity? And how much taxes have you paid?
The NFL has a hard cap, but if you ask 20 NFL experts who is going to win the Super Bowl this year, you might get 20 different answers. If you then asked 20 baseball experts who is going to represent the American League in the World Series, at least 90 percent of them would say the Yankees and the rest would say Seattle.
People used to always ask, and I would say I wanted to be an actress. When they would ask why, I would say because my mother has so much fun.
Normally I would not recommend a book that tells you how to make money in the stock market. Most of these books are aimed at gullible folk, and they usually make much more money for their authors than they do for the investing public.
In any market, in any country, there are developers who make money. So I say all of this doom and gloom, but there will always be people who make money, because people always want homes.
I bet you don't know what is the first thing Little Leaguers always ask me, 'How much money do you make?'
My parents would make huge crops of sometimes 55 to 60 bales of cotton. Being from a big family where there were 20 children, it wasn't too hard to pick that much cotton. But my father, year after year, didn't get too much money and I remember he just kept going.
People don't own teams to lose money. If you ask any owner whether they would rather make $20 million and come in last place or lose $20 million and win a World Series, there's only one guy who honestly would take that championship: George Steinbrenner. Nobody else.
I told my father I wanted to go to the stock market. My father reacted by telling me not to ask him or any of his friends for money. He, however, told me that I could live in the house in Mumbai and that if I did not do well in the market I could always earn my livelihood as chartered accountant. This sense of security really drove me in life.
Be undeniably good. When people ask me how do you make it in show business or whatever, what I always tell them & nobody ever takes note of it 'cause it's not the answer they wanted to hear-what they want to hear is here's how you get an agent, here's how you write a script, here's how you do this-but I always say, “Be so good they can't ignore you.” If somebody's thinking, “How can I be really good?” people are going to come to you. It's much easier doing it that way than going to cocktail parties.
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