Chapter 1: What unconventional investment advice does Jim Cramer offer?
Yetis, whip out your wallets and pop open your portfolio. Because today's interview is financial advice. The lawyers don't want us to say it, but we just did. And careful, because he has a law degree. Today, we're standing up with Jim Cramer, America's biggest stock-owning evangelist. The man who simplifies Wall Street like it's Sesame Street. And breaks down the S&P 500 like it's the Indy 500.
from Philadelphia to Goldman Sachs. He has interviewed every CEO from Apple to Zillow. Love him or love to challenge him, Jim Cramer pulled off one market win that no one else had. He was the first to make finance fun and make millions of Americans care about companies they can't even pronounce. His dog, it's named NVIDIA.
Chapter 2: Why does Jim Cramer believe traditional 'normal' stocks are traps?
True story. And that was five years before you even knew what AI stood for.
2017, stock at two bucks. 2017.
He is not just the most recognizable face on financial TV, he is a New York Times best-selling author. We read his new book, we called his agent, and we said, we got to get him on the show. So Jim is going to reveal today that what the finance industry tells you is wrong. And why the best wealth advisor may actually be yourself.
Plus, we'll share Jim's playbook to pick five stocks and fall in love with them. Because that's how you make money in any market. And that's the title of his book. Besties, please welcome the Sultan of Stocks. The Baron of Bullishness. The High Priest of Price Targets. And the Regent of Rolled-Up Sleeves. Although today he's wearing a suit.
Tim Kramer is the man from CNBC's Mad Money and the author of How to Make Money in Any Market. I am honored. Today's interview with Jim is the best one yet. You're going to want to go long on this one.
Thank you. It was just terrific. And I want a copy. I can transcribe it, but that's... We got you. Everything you said, I have to show my wife because she thinks, do you have a show? This will reveal that I have a show.
This is true.
No, honestly, what I try to do in life is more captured by that poem than almost anyone's been able to capture what I do. So I really appreciate it. Now I'm going to pay you a compliment. One of the reasons why I wanted to come on the show. At 7 o'clock, Every night, which is the end of the show, I get a phone call. Pop. And he would say, Jamesy, that was the best one yet. No way. Every night.
Your dad. Every night. Jamesy, that was the best one yet. And now when I do my club meeting. Which I have once a month. My daughter texts me and says, dad, that was the best one yet. Because she knows that it made me so happy. You know, by the way, for a while I got tired of it. And then I realized, well, pop's not always going to be with us.
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Chapter 3: What is the '50/50 Rule' for investing according to Jim Cramer?
Yeah. That's how we came up with it. Now, 13, 14 years later, we have the show and we really feel like every episode is the best one yet.
Well, the franchise is unassailable. Thank you. And a lot of it is because the poem, what you do in the poem, which is that you had genuine knowledge of what I've tried to do. and you paid homage, but more importantly, your audience doesn't know me, now they do. I mean, just plain and simple. It's a montage. That poem was a montage, and it is much appreciated.
Thank you, Jim.
Chapter 4: How did Jim Cramer discover Nvidia as a key investment?
Well, our audience does know you. Our audience loves you. We got more DMs related to this interview than any other interview we've ever done, with questions ranging from, just tell Jim I say hi, to my dad got me watching Jim Five years ago, should I buy Elf stock or not?
You know, it's funny. A lot of people, a lot of father-daughter, a lot of father-son. And if I can do that, given the fact it was hard for me to connect with my father, we had to connect over sports because he was very conservative. So we would just fight. But we found things to talk about. Stocks are a great neutral thing to talk about. To save space. Right? Yeah.
And, you know, people do get excited. Elf is a very complicated story, right? It's short. It's heavily short. Okay. And Tarang Amin comes on and he tells a great story. And then the next thing you know, a China tariff is really high. Cosmetic sales. Yeah. And then, well, he got into support. He got road beauty. Yes. But at the same time that that happened, he had the shortfall.
So, I mean, Wall Street's complicated.
Yeah. Well, this is what we love about you, Jim, is because we could have thrown any ticker symbol at you right now and you could have given us the full synopsis and we were here for it.
But, well, the rest of my life is a shambles because that's what I'm good at. I have the edge on the stocks, but could you please help me with the rest?
But, Jim, you know, as Jack and I were preparing for this interview, you know, it's funny.
It's not as good as you prepared for that analysis of Google versus OpenAI. Now it's funny because I was going to use it today. And I wasn't going to credit you to laughter. And the reason I was doing that, because I thought it was so brilliant. And when people say it's brilliant, I say, well, I got it from you guys. Instead, I said, I got it from you guys. And then I told it.
And these guys are like, yeah, I mean, really? If I had said that it came from John Malone, you know what I mean? But no, and a lot of that is because of what I regard as this reluctance for the new guard to be recognized.
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Chapter 5: What mistakes does Jim Cramer say investors commonly make?
No, no, no. Enemy at the gates.
Yes, they had that. So I said, well, that's good. So I went to, then I interviewed Reed Hastings. He says, yes, our customer service is great. But what we really do is we try to figure out what you like. So for instance, let's say you like Scarface. Well, we have five movies for you and we do recommending. I said, well, how do you do that?
He goes, because we have a lot of people who've seen a lot of movies.
Yeah.
And then you realize, wait a second, they get AI and everything they push to you is fantastic. And then they're getting sports and then they're getting really great games. And you say to yourself, this is a company that knows what it's doing.
So the total opportunity value was that every TV watching American subscribes for what was then 10 bucks a month.
Right. And to go further, what they say is their enemy's the clock, okay? How many hours you have a day.
Yeah.
And I like that, too. And what it says to me, the opportunity value of this thing is almost limitless.
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Chapter 6: Why does Jim Cramer emphasize the importance of doing homework in investing?
It's just that I believe if you're watching the show, it's because you like individual stocks. So can I at least get you to do it right? I took a horse handicapping course. And it was for people to say, listen, people are going to go to the racetrack and they're just going to lose money. At least let me teach you how to use the racing floor.
Now, a quick word from our sponsor. Speaking of individual stocks, too, I mean, I believe we're sitting with the man who named his puppy.
No, it was a deranged pit bull. It was one of these mutts, and it ripped somebody's face off once because the person tried to get into our house, but it happened to be the landlord. We were the renters.
So Jim, in 2009, it's the first time you ever suggested people should buy NVIDIA. 2017, you were so convicted. I doubled down because Jensen called me out. It was a $4 stock. Jensen called me out. Tell us how you got the edge to decide to invest in NVIDIA. What are the signals that NVIDIA sent you that we could apply to others?
What's the edge? Here, this is one where it's not fair. You'd have to listen to the show. Okay. And I'll say this is why, because Jensen was, Jensen was the CEO. was beside himself, that people weren't listening. So he knows that I'm a sucker for him and for his company and for gaming. And I knew that his chips were being used in all the great car companies.
I had the edge to know that Audi's built on NVIDIA.
The edge is your information advantage. You were interviewing the Audi executive who mentioned NVIDIA chips had, were used to be for video games and now we're an outdoor.
Yeah, well, I kept saying to you, look, you keep saying the great technology, great technology, great technology. Who? And he goes, NVIDIA. I said, what? That's an edge.
So when the Audi CEO told you that his cars had NVIDIA chips, that's when you said, that's my edge. People don't know that except me.
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Chapter 7: What strategies does Jim Cramer recommend for selecting stocks?
It was like more me than me, okay? And then we went around and he showed me some of the latest stuff, including like a robot that brought me coffee and brought me the right coffee for heaven's sake, you know, not the bad coffee. And he said, what kind of, I've got a box that can speak 27 languages. So you can imagine Wendy's, they have a lot of different people come.
And so I said, but he said, it means nothing to people. How do I get people to know about my stock? And he's a lover, not a fighter. I said, I got it. I got it. I got it. I got it. I got it. I got it. I got it.
I'm going on my show tonight.
Yeah. And so I say, you got to tune in. Tune in. Tune in next week. Tune in next week. The dog. So I start the show by saying, okay. And then I gave you all the things I just said. And I said, but no one's listening. No one's listening. But I have a dog and the dog's name is Everest. And he loves the name Everest, but you know what he really answers to? He answers to NVIDIA.
And so I've renamed him NVIDIA. So, okay, so fast forward. I did this thing for millionaires that we created. Yeah. Just for Jensen. Jensen wanted to meet all the millionaires.
Wait, can you clarify that? So you have created millionaires.
Oh, no, we did a room of millionaires from the club. People who made a million dollars.
Because of your recommendation.
Yes. And a policeman stops me after I did this Barnes & Noble signing, and he goes, look, Pulls me over. I'm still in the camp which says, okay, what did I do? What did I do? I'm now like 140 and I'm still asking. And he says, I'm a millionaire because of your dog. I said, what? He goes, well, you named your dog NVIDIA. And I figure only a guy who really believes would name his dog NVIDIA.
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