"I think that I could have been take apart if the bear market continued, but I waited three years before I felt the bear market was over and I was right"
- Jim Cramer
About this Quote
Jim Cramer is referring to the stock exchange and the bear market that happened in the early 2000s. He is stating that if he had continued to invest throughout the bearishness, he would have been taken apart financially. Nevertheless, he waited 3 years before investing once again, and he was right in doing so. This quote is a testament to the value of being client and waiting for the correct time to invest. It also shows the value of understanding the stock exchange and having the ability to acknowledge when a bearishness is over. By waiting 3 years, Jim Cramer had the ability to prevent the financial losses that would have featured investing throughout a bearishness.
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