James Altucher writes Monday for The Wall Street Journal what 10 lessons he learned from CNBC “Mad Money” host Jim Cramer.
Here are two:
5) Know everything. I was standing by a TV with Jim once and the ticker was running by at the bottom of the CNBC screen. He started doing a lightning round on every stock going by, telling why each stock was up or down a nickel, a penny, a whatever. He knew every earnings report, every news item that was relevant that day. He doesn’t know every stock (see below) but he does know everything he needs to know for THAT DAY. Whatever field I’ve been in, I’ve always tried to know everything about the competition, the technology, the subtleties and the nuances of the field. Jim has dominated financial media for 20 years by doing this.
Read the rest here.
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