Famous quote by Jim Cramer

"The danger that we have right now are people who get the same information as I do and, therefore, think they'll reach the same conclusions that haven't traded as long, don't have bear claws up and down their backs like I do"

About this Quote

In this quote, Jim Cramer, the popular financial expert and television character, is emphasizing the essence of experience and vigilance in the field of trading and financial investment. His choice of words communicates a cautioning about the potential risks faced by unskilled traders who might believe that access to the very same details as knowledgeable investors will yield similar decision-making and outcomes.

Cramer opens by acknowledging the shared accessibility of info, keeping in mind that others can quickly get the same information and reports he uses in making his investment choices. Given the digital age we reside in, where monetary news and information are easily offered to practically everybody, this is an accurate depiction of modern-day trading.

However, Cramer fasts to highlight an important difference: access to info does not automatically equate to expertise or knowledge. When he discusses "bear claws up and down their backs", he utilizes a metaphor to assess his experience with market declines and challenges-- essentially, the scars and lessons learned from enduring challenging monetary markets, especially bearish ones. This expression recommends that he has actually survived and gained from past market failures and complexities that only time and direct exposure can teach.

Cramer asserts that those who have not "traded as long" do not have the skilled judgement gotten through years of browsing unstable markets. Such experience imparts a nuanced understanding of market dynamics, risk management, and psychological strength, which can not be quickly duplicated by merely having access to details.

Ultimately, Cramer's declaration underscores the value of experience over pure data or info. It functions as a care to newer traders that while info is a necessary tool in decision-making, it is the knowledge drawn from experience-- grappling with losses, gaining from mistakes, and developing strategic insight-- that genuinely informs sound financial investment decisions. It is a reminder that the road to successful trading is paved with patience, learning, and resilience versus market difficulties.

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USA Flag This quote is written / told by Jim Cramer somewhere between February 10, 1955 and today. He/she was a famous Businessman from USA. The author also have 32 other quotes.
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