Jim Cramer on the Retail Trading Revolution
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Why does Jim Cramer believe individual investors can beat the market?
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Bloomberg Audio Studios, Podcasts, Radio News.
Hello and welcome to another episode of the Oddlots Podcast. I'm Joe Wiesenthal. And
I'm Tracy Alloway.
Tracy, something I think about the market these days is that in the media, there is this incredible drumbeat of experts and ads that support the media, et cetera. All these experts that they say, don't try to beat the market.
That's right.
Index, index, index. And actually, indexing is great because like it's cheap and indexes have performed incredible returns. And now though. For the last several years, it's like the public is becoming unshackled and doing the exact opposite of everything. And we see the most extreme form of, you know, day trading and trading on Robin Hood, individual names, zero day op meme stocks, options. It's like the public has revolted against this message that it's been inundated with for years.
Well, you know what I think is really interesting is not only is retail sort of going out on its own, but Wall Street and the institutional investors are kind of copying what retail does, right? Because retail was the first into something like zero day or one day options. And then it became institutionalized and you saw that big professional volume follow on. So it feels like retail is a really important part of the market now. And rather than retail trying to do what the experts do. It's kinda the experts trying to catch up. Catch up. Yeah, catch up with retail.
Understand what retail is doing. And again, like I love an index fund and I don't like having a lot of people. You're an
EMH guy. I'm just gonna remind you. I'm just gonna remind you.
I'm like an EMH guy. Yeah, I love it. But like I do feel like there's this huge tension and it only feels like it's accelerating because now there's more and more things to bet on. And there's crypto. And pretty soon on your Robin Hood app, you're gonna be able to like bet on a prediction market on what the Fed is going to do. So we live in this world of trading against what all the nannies like myself sometimes on TV things. Yeah. Well, anyway, we really do have the perfect guest, someone I've wanted to speak to literally for years, someone who has long been preaching in public that the individual can pick stocks, that picking stocks is a good thing, that you don't have to accept the idea of just being boring and being average and getting the average return.
We are gonna be speaking with Jim Kramer. He is the host of Mad Money. Never heard. Never
heard of it.
And he is the author of a new book, How to Make Money in Any Market. So, Jim, thrilled to have you uh on the odd lots. First of all, that intro of what you're
talking about, yes, this is the the fundament of what I'm talking about. But I want to spend a second. Talking about the person to my left. Joe Joe Weezing. She's looking at the book tour and she goes, Okay, you got today's show. And you got Joe. And Joe is someone who's gonna get it going for you and wake up and he's gonna probably know the book and he's gonna know your stuff. And Tracy, I tell you, when you do these things they're pretty soulless. So when you get something like you guys, I mean I just laugh. I you know my dad sold Corrugated. That was his job. When I was a hedge fund manager, I just went exclusively with him. I mean a reference to last week's show. But I do want to talk uh totally much really about what you're talking about.
I wrote this book
Well, I just was never supposed to say it's a first line. The
first line of the book is Congratulations, you have just bought the most radical book about investing ever written.
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Chapters
8 chapters
1
Why does Jim Cramer believe individual investors can beat the market?
0:01–7:44
2
How did the rise of retail trading change Wall Street’s behavior?
7:44–15:14
3
What is Jim Cramer’s philosophy on balancing index funds with stock picking?
15:14–22:20
4
How does Jim structure his daily research and show preparation?
22:20–28:20
5
What lessons does Jim share from his wild‑cat strike and being fired?
28:20–35:36
6
How does Jim evaluate and recommend individual stocks versus speculative bets?
35:36–42:46
7
What does Jim think about the impact of meme stocks and market bubbles?
42:46–49:51
8
How does Jim see the future of retail investing and its role in the market?
49:51–56:31
Speakers
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