Mad Money: Key points from October 17, 2023 (Tuesday) = Day of Atonement (Learn from mistakes) =

[Jun Kurema (暮眞★潤)]

This page contains summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Tuesday, October 17, 2023.  It also contains links to CNBC sites which contain video clips and transcripts.

 

(1) Jim Cramer’s guide to investing: Don’t bet on lawsuits (https://www.cnbc.com/2023/10/17/jim-cramers-guide-to-investing-dont-bet-on-lawsuits.html)

• When making portfolio decisions, CNBC’s Jim Cramer told investors never to bank on the outcome of any one company’s litigation.
• Cramer said he made this mistake by betting that Johnson & Johnson would be able to settle its talc lawsuits without significant losses.

Ticker: JNJ

 

(2) Jim Cramer’s guide to investing: Lessons from the Silicon Valley Bank crisis (https://www.cnbc.com/2023/10/17/jim-cramers-guide-to-investing-silicon-valley-bank-crisis-lessons.html)

• CNBC’s Jim Cramer reflected on his flawed prediction for Silicon Valley Bank in which he recommended the stock shortly before the bank failed.
• SVB’s sudden collapse took many by surprise when the bank’s failure followed an inability to raise capital after clients withdrew money en masse.

Ticker: SIVA

 

(3) Jim Cramer’s guide to investing: Good management isn’t always enough (https://www.cnbc.com/2023/10/17/jim-cramers-guide-to-investing-good-management-isnt-always-enough.html)

• CNBC’s Jim Cramer said that good management can’t always make a poorly performing company succeed.
• “Management matters, sure, but when you bring in a new pilot on a crashing airplane, they can’t defy gravity,” he said said.

Ticker: FL

 

(4) Jim Cramer’s guide to investing: Don’t look past a bad balance sheet (https://www.cnbc.com/2023/10/17/jim-cramers-guide-to-investing-dont-look-past-a-bad-balance-sheet.html)

• CNBC’s Jim Cramer told investors not to fall in love with a company if it has a poor balance sheet.
• “No matter how fantastic a company might be, do not fall in love with its stock unless you’ve given serious consideration to its balance sheet, because when the balance sheet’s bad, it’s like marrying someone with horrible credit — you’re going to be paying for that mistake for ages.”

Ticker: DIS

 

(5) Jim Cramer’s guide to investing: If you’re confident in your thesis, stick with it (https://www.cnbc.com/2023/10/17/jim-cramers-guide-to-investing-stick-with-your-thesis.html)

• CNBC’s Jim Cramer said investors should not be dissuaded by naysayers if they have a thesis they feel strongly about.
• “If you have a thesis that looks like it’s going to play out, don’t let its unrelated negatives scare you away,” he said.

Ticker: BA

 

(6) [No Video Clip for non-Club members] Jim Cramer and Jeff Marks answer Investing Club members’ questions (https://www.cnbc.com/video/2023/10/17/jim-cramer-and-jeff-marks-answer-investing-club-members-questions.html)

‘Mad Money’ host Jim Cramer reflects on his past investing mistakes to give you advice on how to be a better investor.

• How investors should play “own it, don’t trade it” –> it is ok to trim, esp. if the stock become too large as a percentage in the portfolio due to the outperformance
• 50% cash after profit taking, how to get back in to investing? — market must be down, we don’t pick high, we pick low; use dollar cost average, do in regular schedule and get best price over time
• maximum exposure to one stock –> should not be more than 10%,

Other Topics Discussed (Calls with Audiences): 

• next step after investing first 10,000 to SP100 –> 50% minimum in index, and added bonds, mix with individual stock.
• in 401K, all index fund or split up with other funds? –> you need diversify, and index fund is best
• 529 plan how should they invested –> index fund
• what point should investor sell stocks –> when you don’t want to be in
• how should investors divide up their money to invest — rank or pick best five stocks

 

Ref: Links to other sites that relate to episode of October 17, 2023

• Google Podcast (Sound）
• Internet Archive（Video & Texts per minute）

Disclaimer

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