저자: JimCramer · 외국인
요약 보기
짐 크레이머가 신간 'How to Make Money in Any Market'을 소개하며 투자 교육 철학을 설명. 개인은 인덱스펀드와 소수 개별주(5종목 포트폴리오)를 병행하고, PER·재무제표를 직접 확인하며, 성장주 중심으로 분산할 것을 권함. 엔비디아로 큰돈을 번 사례를 언급하나 구체적 가격 전망은 제시하지 않음. 'Western Digital', 'Seagate' 등 스토리지주가 계속 오르고 있다고 언급.
다듬은 글
This is Jim Kramer's eighth book. It is called How to Make Money in Any Market. And Jim is here with us now. Congrats on this new work. Thank you. Thank you for having me. Uh the show has been unbelievable as always. And I love the discussion at the top about you just got to go with the flow. And I feel that's true.
You feel pretty good. We'll get to the book obviously in two seconds. You feel pretty good about stocks heading into Q4. Yeah, I still do. Uh I'm looking at certain stocks that just can't quit. I mean the old line names like a Western Digital keeps it keeps going. Segate names that we know for for ages
forever forever and I just find that what's happened is people have a groove and they say listen I can keep paying up for these and up for these and up these and then out of nowhere healthcare explodes I mean and Merc which has just been a terrible performer goes up five just using these as an analog is each day it seems like there's something that comes alive with pleasure
okay so with pleasure is how you've talked about the markets and stocks for all of these years but you you do pride yourself on being a teacher and trying to you know export your knowledge to help people become better investors. You you call this a how-to book. In what sense? Well, look, I I I think that what I'm trying to do is democratize things.
I want people to be uh at home to be every bit as good as as you guys in terms of facility. All right? You're you're you're pure stock pickers, but I want people to understand what you say because it's incredibly valuable. And I want, for instance, I spend a huge amount of time on the PE multiple. What's the multiple?
Because I never hear anybody talk about it. I deal with what I talk about what my mom and my late mom and my late dad the mistakes that they made. Like my mom felt that Pepsi if it was at 100 was twice as expensive as Coca-Cola at 50 and that that bothered her. We can't do that. We have to help people.
My father always wanted to buy the greatest tip in the world. And he and he destroy destroyed us when a company called National Video which was a game a team a company that made uh vacuum tubes right at the height of when solid state came out. So we have to know what we own. We have to like it and we can't just say, you know what, buy and hold.
You have to buy and do homework. All these things are about trying to get Yeah. trying to get people to be I like to buy and do homework. Yeah. Say, hey, listen. I'm going to buy a stock and just do great. And I I make these mistakes. I bought Bristol Myers and I didn't do enough homework on Bristol Myers.
But you want people to be investors, not traders at at their core. Do it. Yeah. I mean, what happens? Look, I I think that, and I was a professional trader for a long time. I just think that a lot of people are at home and they're watching mad money when they get home and they can't compete with people who are just just driven and know every piece of data, but they can on the other hand find some long-term stocks and compound and we all think that compounding is driven.
All right, Jim, first of all, congratulations. Thank you, Joe. To your point, chapter 4, finding an edge. Chapter 20, lesson two. Your stocks will tell you when to sell as an investor in an environment that you and I both know market structure has changed dramatically. What's the simplest way that you could do that?
Well, the simplest way you can tell is that you you take a look at at what just goes down and down and down. Then you look at the balance sheet. I sp actually give I've never done the multiple stuff and I've never done the balance sheet stuff. You take a look at the balance sheet. sheet. I mean, a lot of people can't read it.
But you know what we got? We have chat. We have Perplexity. We We have Grock. And you can ask them to take a look at the balance sheet and tell you whether it has too much debt. People have to start doing that. And the people who just say, "Listen, you just only need to be in index funds." They don't realize that.
If you want to go look at bow health, thank you for telling me how bad ba health was. You can go in and say, "Is that balance sheet any good?" And it'll tell you, "No, it's horrendous." But the other thing the other thing that you that you've focused on historically as we've known each other is that if you know more about the company, you're more comfortable owning it and actually buying more to increase your return in turbulent times in the market.
Yes. I remember my father sold boxes and bags for a living. We used to go to the Franklin Mills, this giant retail mall, and we would go on Saturday. He says, "We're going to get in front of Gantos," which Goldman liked at the time. There will be no customers. We sat there in front of it for 5 hours.
No one bought anything. It was one of the greatest shorts I ever had. I mean, that's that was the Kramer channel check in the parking lot. But I said I he said at the end he said we got to go in and buy something. This is a horrible day for them. Hey, let me ask you this. Um has your view of what you think the quote unquote right portfolio should look like as you've evolved, as the markets have evolved.
We grew up, you know, it's 6040 was the way people talked about the markets, but things are so different now. Investors have have different and greater access to more securities and asset classes than they probably have ever had. How do you think about that? Okay. I'm I'm really glad you brought that up because one of the the major themes of the book it's and it's very radical and anothetical, but I think it shouldn't be to everybody here is that you can own index funds and you can own some individual stocks.
If you hear something that you like here and you can research it, you can make that one of what I call your five stock portfolio with one actually can be speculative. Yes, if you want to own an Ollo, be my guest. You can have one of those after it's up 80 points only one. But well, yes, on a five stock portfolio, but I also want index funds.
And look, we look at the at the Trump funds, these new funds where you'll get $1,000. That's all index funds. So maybe you also buy one or two stocks for a baby because I've got to tell you, individual stocks, whether it be Fang from 2013 or whether it be Nvidia, they can change your life. I did a book signing yesterday at Barnes & Noble and there were a couple people were moved to tears because they had retired because of Nvidia.
Man, Jim, I've seen it firsthand. I I've honest I'll let in a second. I've seen it. I've seen people come up to you uh at various places that we've been uh and say very similar things and it's so moving to see the impact that you've had on all of these years through all of these books on the individual
investor came up to me yesterday and and said that he had made a million dollars on Nvidia and it changed his life but he look he's he has a calling he's still doing his job it's not really a job for him but it's nice when you see a regular person I mean someone stop you on the street and say listen I made a million dollars on Nvidia.
It is it's very moving for me and for him. Liz, how do you in a market like this? I mean, it's called how to make money in any market. The way you've made money in this market is to be a concentrated investor, right? You talk about diversification in here. How do you tell somebody to stay diversified in a market like this where it's like if you just owned those 10 stocks, you made a lot of money.
If you were diversified, it was worked against you. It's a trick of diversification. Liz, I say you can only be diversified among growth stocks. I have a list of sectors I say you can't buy because they're trading stocks and that the after you drop one after another after another. What you're left with is growth and I want you to be diversified among growth stocks only because I don't want more than one decision for unless the company's fundamentals deteriorate and then you sell.
All right, here it is again. How to make money in any market. It's Jim Kramer. Uh again, it's number eight man on all these. Tell us tell our viewers quickly what's coming up for you tonight on Matt. Okay. Well, I I've got uh a company that I think you all know that is just been eviscerated since the great last quarter, Jill.
And they give you a good sense of how you can move your manufacturing around, maybe be able to deal with the tariffs. And plus, I'm dealing with the I always like to look at the third quarter when we get to the fourth quarter. And sure enough, the third quarter winners are insanely great today. You know, maybe there's just don't fight the tape, don't fight the Fed.
Yeah. But that's the way a lot of people are thinking. There's a place for you anytime you want it. Don't be a stranger. Thank you. Remember when you guys mention ideas, people should now say, "I'm going to do my research. I really like that." And there's plenty of ways to research that didn't exist when we got in the business.
Buy and do your homework. Thank you. All right, Jimmy. Thank you. That's Jim Kramer.
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