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CNBC “Mad Money w / Jim Cramer” broadcast on Wednesday, March 13, 2024 was a rerun of Tuesday, October 17, 2023. Therefore, links to the CNBC site where the video clip and transcript (in English) of October 17, 2023 (Tuesday) are listed again below.
(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 [Charitable trust sold JNJ]
“Lesson Learned: Bet on Businesses, Not Lawsuits.”
“Bottom Line: If you find yourself betting on lawsuits, don’t try to fight it because you love the company.”
(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: SIVB
“Lesson Learned: Be Better than the Regulators.”
“Bottom Line: Many of us got SVB wrong because we relied on Regulators, but we need to always be better than the Regulators, which is why I’m atoning.”
(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: ULTA, FL [bought FL for charitable trust]
“Lesson Learned: Management Matters, but Comeback Stories Can Take a Long Time.”
“Bottom Line: Management matters, but they can’t defy gravity. ”
(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 [Charitable trust owns DIS]
“Lesson Learned: Never Fall in Love With a Stock.”
“Bottom Line: Don’t fall in love with a stock unless you’ve given consideration to the balance sheet.”
(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 [Charitable trust sold BA in Mid-May 2022]
“Lesson Learned: Don’t Let Unrelated Negatives Scare You Away From Your Thesis.”
“Bottom Line: If you have a thesis that you think is plying out, don’t let the negatives scare you away. BA’s performance wasn’t a reason to sell, but to buy, if you had to fortitude to stick with it.”
(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 it
- how should investors divide up their money to invest — rank the stock or pick best five stocks
Ref: Links to other sites that relate to episode of March 13, 2024
- Podcast at Spotify (Sound from Spotify）
- Internet Archive（Video & Texts per minute）
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