ATLBob

Cramer's Mad Money - Buy Bank of America (3/10/09)

Cramer has the same dedication and attention span related to any individual stock as a four year old does when watching a 30-minute cartoon show. This is OK as long as you remember that Cramer (who is a really smart and experienced guy in addition to being a CNBC entertainer) is essentially an 'uber trader' and not a long term investor. Unless you define long-term as one week.

Between all of the emotional, bipolar rants on government policy or pleas to buy/sell a particular position or a particular industry, Cramer often discusses some informative and educational investing and trading concepts that can be helpful to those with limited financial experience.

Watch Cramer for the entertainment value and the occasional financial lesson, but don't base investing decisions on what he says. By the time a particular stock is praised or reviled by Cramer, the time to act has generally already passed and the audience needs to remember 'caveat emptor'.

Accept him for what he is (entertainer, educator and trader) and make your own informed, researched investment decisions and only take the risks that are appropriate for your financial position, goals and timeframe.

Wall Street Breakfast: Must-Know News

Great quote: What is the source/who said it?

On Mar 03 09:25 AM know nothing wrote:

> "You cannot legislate the poor into freedom by legislating the wealthy
> out of freedom. What one person receives without working for, another
> person must work for without receiving. The government cannot give
> to anybody anything that the government does not first take from
> somebody else. When half of the people get the idea that they do
> not have to work because the other half is going to take care of
> them, and when the other half gets the idea that it does no good
> to work because somebody else is going to get what they work for,
> that my dear friend, is about the end of any nation. You cannot multiply
> wealth by dividing it."

Buffett's New Moats: NRG Energy, Nalco

On Feb 19 11:13 AM Did U Think The Ponzi Scheme Would Last? wrote:

> Well it's about time for Buffet to get some new moats because his
> a$$ is sinking fast in the old ones.


There always seems to be an endless supply of people who opine that Warren Buffet and Charlie Munger have "lost it", or that they aren't in touch with the way the markets work today. When Berkshire didn't participate in the 'dot-com' frenzy a few years ago, they were called dinosaurs until the 'dot-coms' became 'dot-bombs' and self-imploded. Warren and Charlie have certainly made some mistakes in the past and will likely make more; however, when all of the day traders and shorts have crashed and burned once again, Berkshire will still be standing.

The Blue Chip Cycle

Well said and I couldn't agree more.

The Buffett Bump - Fast Money Recap (9/24/08)

Buffett buying into GS was a good sign that there was an opportunity for BRK to own a nice piece of a 'best of breed' company at a great price, and nothing more.

Since I'm long BRK, it's certainly a good sign.