Mad Money w/ Jim Cramer Mad Money w/ Jim Cramer 12/31/24
Jan 1, 2025
In this engaging discussion, Mike Wirth, CEO of Chevron, shares insights about their $5 billion offshore oil platform and innovative strategies in the oil industry. Larry Fink, Chairman of BlackRock, addresses the pressing need for financial independence and automation in retirement investing, especially for younger generations facing future challenges. The President highlights economic policies essential for revitalizing America's financial landscape. Together, they explore technology, safety, and optimism for American investors amidst global economic shifts.
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Chevron's Anchor Platform
- Jim Cramer interviewed Mike Wirth, CEO of Chevron, on Anchor, an offshore oil platform.
- The platform, a marvel of engineering, cost over $5 billion and took 20 years to complete.
Retirement Crisis and Lack of Hope
- Larry Fink discusses the retirement crisis and the younger generation's lack of hope for financial independence.
- He stresses the miracles of drug discovery extending life, but young people don't know how to invest.
Investing for Retirement
- Building a nest egg requires consistent investing over a long horizon to benefit from compounding returns.
- Young people should prioritize investing, even small amounts, rather than keeping money in a bank account.