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CNBC “Mad Money w / Jim Cramer” broadcast on Monday, April 15, 2024 was a rerun of Tuesday, June 27, 2023. Therefore, links to the CNBC site where the video clip and transcript (in English) of June 27, 2023 (Tuesday) are listed again below.
(1) Jim Cramer’s guide to investing: Quality is key and patience is a virtue (https://www.cnbc.com/2023/06/27/jim-cramers-guide-to-investing-quality-is-key.html)
- On Tuesday, Cramer told investors that patience is a virtue and giving up on value is a sin.
- “Don’t be afraid to pay up for best-of-breed stocks,” Cramer said.
(2) [No Video Clip for non-Club Members] ‘You simply must know what bonds are doing at all times’, says Jim Cramer (https://www.cnbc.com/video/2023/06/27/you-simply-must-know-what-bonds-are-doing-at-all-times-says-jim-cramer.html)
‘Mad Money’ host Jim Cramer talks his ‘Rules of Engagement’ when investing, including keeping an eye on the bond market.
“Cramer’s rule of engagement: Keep your eye on bonds.”
“Cramer’s rule of engagement: Watch out for unexplained resignations by key executives.” < — When you see a CEO step down for no real reason, you should assume something’s wrong
“Bottom Line: Keep an eye of the bond market & remember, unexplained exec’s resignations equals sell.”
(3) [No Video Clip for non-Club Members] Market corrections are like rain, they are inevitable, says Jim Cramer (https://www.cnbc.com/video/2023/06/27/market-corrections-are-like-rain-they-are-inevitable-says-jim-cramer.html)
‘Mad Money’ host Jim Cramer talks his ‘Rules of Engagement’ when investing, including being prepared for the worst.
“Cramer’s rule of engagement: Expect corrections.”
“Cramer’s rule of engagement: Hope is not a strategy.” –> “Hope is not a part of the equitation, WHen hope is part of the equation, you wind up holding low-quality stocks.”
“Bottom Line: It pays to be realistic in this business … prepare yourself for corrections and don’t pick stocks on hope.”
(4) [No Video Clip for non-Club Members] You have to be able to explain your stock picks, says Jim Cramer (https://www.cnbc.com/video/2023/06/27/you-have-to-be-able-to-explain-your-stock-picks-says-jim-cramer.html)
‘Mad Money’ host Jim Cramer talks his ‘Rules of Engagement’ when investing, including doing your homework on stock picks.
“Cramer’s homework checklist:
- Know how the company makes money
- Be able to articulate a thesis for owning a stock
- Understand how the stock price could increase or decrease
- Start off as a skeptic of any stock
- Don’t buy into the hype machine”
“Bottom Line: Always be able to explain your stock picks, & don’t take anything on faith.”
(5) [No Video Clip for non-Club Members] ‘The difference between a good investor and bad investor is how you handle losses’, says Jim Cramer (https://www.cnbc.com/video/2023/06/27/the-difference-between-a-good-investor-and-bad-investor-is-how-you-handle-losses-says-jim-cramer.html)
‘Mad Money’ host Jim Cramer talks his ‘Rules of Engagement’ when investing.
“Cramer’s rule of engagement: Never subsidize losers with winner.” –> “If you keep selling winners, you get a vicious spiral as that bad stocks stay bad.”
“Cramer’s Market rule: Never speculate on takeovers of companies with bad fundamentals.”
“Bottom Line: never sell your winners to subsidize you losers .. and don’t’ speculate on takeovers in companies with deteriorating fundamentals.”
(6) [No Video Clip for non-Club Members] Jim Cramer and Jeff Marks answer viewers’ questions on investing (https://www.cnbc.com/video/2023/06/27/jim-cramer-and-jeff-marks-answer-viewers-questions-on-investing.html)
‘Mad Money’ host Jim Cramer and CNBC’s Jeff Marks answers viewers’ questions.
- When you advise people to take out their cost basis and “play with the house’s money and let it run”, at what point do you suggest people take profits? –> Nobody ever got broke taking a profit. In charitable trust we are taking profits every 20% or so [for LLY].
- Jim has been talking about “battling” the stocks that are down, What exactly does that mean? Trading a particular stock for a while? Doubling down on a stock that is down from its cost basis? Finding a good exit point to sell the stock? –> The stock is down that we like, We want to scale out and let it grow rapidly, and back and forth. Also, trying to understand if it is a broken stock or broken company.
- Can you recommend a few stocks specifically when investing for young children? Many of us invest for our children or grandchildren so that would be helpful –> drug stock, new kind of tech, company with product that children would use, etc.
Other Advices Discussed (calls with audience):
- How to invest who have extra cash luing around, how should they invest it? [SP 500 for fist 10,000. Only after that invest to individual stocks.]
- Is there a situation where its ok not to be diversified? [No.]
- What sectors are best for long term growth in a 401k? [Standard, good balance sheet, good growth stocks]
Ref: Links to other sites that relate to episode of April 15, 2024
- Google Podcast (Sound from Spotify）
- Internet Archive（Video & Texts per minute）
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