Mad Money w/ Jim Cramer Mad Money w/ Jim Cramer 2/28/25
37 snips
Mar 1, 2025 Delve into the art of disciplined investing with insights from 40 years in finance. Explore the tricky relationship between paper profits and actual gains, and get listener-guided advice on underperforming stocks. Learn smart strategies like diversification and research diligence to avoid panic selling. Discover the importance of composure during market downturns and the benefits of a concentrated investment approach with fewer, high-quality stocks. Plus, understand the necessity of cash management in volatile markets and what to consider when evaluating investments.
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Discipline Over Conviction
- Discipline is more important than conviction when investing.
- Sell a stock when the rules dictate, even if you love it.
Avoid Piggishness
- Bulls make money, bears make money, but pigs get slaughtered.
- Don't get greedy; take profits.
Learning from Steinhardt
- Jim Cramer learned about piggishness from Michael Steinhardt at Steinhardt Partners.
- He held onto a winning stock for too long, lost the gains, and learned a valuable lesson.