Famous quote by Jim Cramer

"The way the credit cards were made in the '80s to be a people's form of capitalism and be able to make it so that you could get a loan that you would have been denied previous, now that's the way stocks are"

About this Quote

In this quote, Jim Cramer draws a parallel between the evolution of credit cards in the 1980s and the existing state of stock exchange ease of access. In the 1980s, charge card were created to democratize access to credit, making them a tool that could help regular individuals participate in capitalism, even if their monetary profiles would have formerly disqualified them from standard loans. This development enabled more individuals to take part in financial activities that were once limited to those with a remarkable credit rating or substantial security. It simplified loaning, making it more available and widespread, which contributed to the expansion of consumer-driven economic growth.

Cramer suggests that the stock exchange is experiencing a comparable change today. This analogy suggests that stock investment, once controlled by rich people or specialists, has actually ended up being more accessible to the public. A number of elements contribute to this shift, such as the proliferation of online brokerage platforms, reductions in trading charges, fractional share purchases, and the widespread accessibility of financial education. Additionally, the rise of mobile applications and financial innovation has equalized stock trading, allowing individuals with limited capital to take part in the stock exchange more easily than ever in the past.

The quote suggests that simply as charge card made it possible for a wider portion of society to access credit and participate in capitalist activities, modern-day developments and modifications in the stock exchange are offering comparable chances for personal financial development and participation in the capitalist economy. Cramer likely sees these changes as positive, seeing them as a further step in making financial participation more inclusive and empowering for the typical individual. It highlights the evolving nature of financial instruments and markets as they end up being more inclusive, blurring traditional limits and motivating wider participation throughout varied market sections.

About the Author

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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