A Man in Full -- James Cramer

(c) 2009 F. Bruce Abel

Readers of this blog know that I am an advocate of Jim Cramer and what he does for the individual investor. Up here in Canada I have taken the time to glean from one of his chapters ten rules he came up with coming out of his mistakes.

Think about that -- from his mistakes. What other Wall Streeter would do this.


Ten Lessons From Cramer’s Bad Calls, from "Mad Money, Watch TV, Get Rich"




1. Resisting the Business Cycle is Futile.
2. There’s a Market for Everything; Pay Attention to it.
3. It’s Not Enough to do the Homework; Do the Right Homework.
4. Latin America is Always a Trade.
5. Don’t be Afraid to Say It’s Too Hard: Some Things Like Restaurant Same-Store Sales Are Just Too Difficult to Game.
6. Not All Companies That Produce Commodities Are as Interchangeable as Their Products.
7. Past Performance is Not an Indicator of Future Success.
8. Never Invest Based on Borrowed Convictions.
9. When You’re Playing a Big Rally, Make Sure Your Stocks Actually Fill the Bill.
10. Don’t Try to Smash Iconic Truths; Try to Make Money.