look at the move above the 50. stay with us >> buy bitcoin here. >> i'm in the pete camp in those chips. 32.5 gets you done >> thanks for watching see you back here tomorrow at 5:00 "mad meysttsow on" ar n "mad money" with jim cramer starts right now my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job is not just to entertain but to educate and teach you so call me at 1-800-743-cnbc or tweet me @jimcramer. every night i come out here and tell you what happened during the day, why it happened, and what you can do with the

information. i do it in order to help you be a better do it yourself investor, or a better client i do it with a spectacular team of people, headed by an executive producer, who has been with me since inception. with the help of dozens of fabulous people responsible for everything from the look and feel of the show to the research we have a team that helps me with memos that backs up the research and we have a head writer who is our only writer, has been our only writer since inception, that's cliff mason, my sister's son, my nephew the show has become a labor of love we've been doing it for so long, we take it for grant it. tonight i want to correct that tonight i want to talk to you about the show, its evolution, and how you can best use it or worse, misuse it and i'm doing so because there's so much we throw at you that you might not be able to use it as

effectively as we would like i know this because i talk to enough people about the show and interact with enough people through e-mail and twitter that i have a good idea what you really want. the show has evolved mightily from when we started the show was an outgrowth of a radio show called "real money," and that's where we first heard boo-yah by the way, which i did in conjunction with a company i called street, still going strong and i manage my charitable trust from that the stock market changed over time we got hit with the great recession, which challenged what we called the entire asset class of stocks, meaning stocks as a way to save and make money we had many companies, big companies particularly in the financial world, destroyed by the downturn mostly because they didn't have enough money in the bank to handle the losses that came from

a dramatic decline in economic activity it was a credit crisis i'm proud of the fact that if you watch me, you might have avoided a lot of the downturn that i shouted that the feds were nuts, and the situation was far worse. even the fed acknowledged in its minutes that i was only the guy saying things were falling apart, i was also the only one vilified in the media telling people not to sell but that's changed and it changed me. it changed the show. it was more of a metamorphasis i added some language at the top of the show meant to describe a new reason for being i say every night in some form that the show is meant to entertain, teach, to educate and i say it different ways each night. that's very important and different from the original show, a total break in a lot of ways it's just not enough to give you stock ideas. we have minimized them of the last decade.

we want for you to be able to understand the process, and to pick them for yourself for more important, we want you to understand the stock market enough for you to make a judgment whether you can do it yourself now, with me, i love individual stocks, have for years and years and years. i think they can be tremendous vehicles to heed to great wealth our show's identification of certain stocks like apple, pe i pepsi pepsico, and yes, bristol-myers, that hasn't gone unnoticed but we have tried to leave behind the so-called hot ideas and give you themes that allow you to invest in more fertile sectors versus others, themes i hope i can make come alive with analogy, sports, movies, whatever so you can do the homework on them or living longer through healthy eating habits. i've written many books over

time proud of that. i know that "confessions of a street addict" remains carefully. but "get rich carefully" is designed to be this show's companion. a lot of what i talk about in the show, if you're having trouble, getting rich will do it you have time burdens and demands. you may be bewildered. that's why emphasize i'm not just okay with index funds but insist that you use them i would not own a single stock before i put away $10,000 in an index fund through a 401(k). i have never warned you off of point blank stocks, so i would prefer you invest in index funds instead of mutual funds. there are always individual cases where managers do acquit

themselves but managers move and records can change and past performance is no guarantee. which brings me to point number one. i'm not a shill or snake oil salesman for individual stocks i'm a believer in the asset class of stocks as a way to save money for anything your heart desires. i want you to have what is known as exposure to the stock market, and i try to convince you that it is worth it to do so. because stocks have indeed created so much wealth over time if you don't believe me, read warren buffett that describes why stocks are a tremendous asset class to own why do they work they represent the sum progress of business going forward. they represent the wealth that companies create in aggregate, and the sharing of that wealth to the shareholders. you get to be along for the ride i want you to be along for that ride in a responsible way, which is most definitely owning an

index fund i'm partial to the s&p 500, but i like a fund that gives you a total return or encompasses all the stocks in the market if you aren't all for one, then of course go to the s&p 500. once again, for those who don't get it, here's the bottom line the show has changed over time from where we picked stocks for you to one where we educate you about stocks where you can understand an index of stocks might be worth interesting in. we know you like stocks, so when we come back, we'll explain why we bother to delve in individual stocks at all after we have professed such undying love these days for index funds as the first way to go. larry in massachusetts, larry. >> caller: jim, i know i mentioned it before, but i want to tell you how much your nightly focus lessons remind me of roosevelt's fireside chats. >> president roosevelt was a great man. larry, thank you

sometimes my mom just says thank you. thank you, larry >> caller: we need you out here, jim. here's the question, when does an investment turn into a trade? we don't accumulate too many stocks to have to monitor. so how quickly and at what percentage gain do we unload a small position, which has gotten out of control, high quality problem, and conversely, what percentage loss do we admit that we got it wrong? >> i like to take off now my rules have evolved when you're up 50%, you take off 25 when you're up 100%, you take off, yes all of your initial investment then you flay with the house's money and say thank you very much and you've got a good gain. if something is an investment, it is an investment. if you didn't get enough in when a stock came down and moved up, you can kick that out for a trade. an investment becomes a trade when you didn't get the whole position on. greg in new york, greg

>> caller: jim, i feel like we speak every day. how are you doing? >> doing quite well, greg. how about you? >> caller: me and my friends are young investors. do you think it's worth taking more risk when you're younger and you don't -- when you don't have enough money and try to put more money on the line and try to seek a higher profit? >> greg, listen to me, listen to me, greg you know, i didn't start with much money, but i took big risks because i had my whole life ahead of me. you've got your whole life ahead of me. buy some stocks when they go down big you've got that paycheck coming. it's only older people who don't have enough checks left. you take that big risk that's what i want chris in oregon, chris >> caller: yes, jim, thank you for taking my question, and thank you very much for all the great advice you have given me every position in my portfolio is captain cramer approved and doing very nicely. >> you're very kind, chris

thank you so much. how can i help >> caller: my question is, i have a i.r.a. equity portfolio that i don't plan to draw on for about five more years. and everything then is obviously reinvested into it my question is about dividends does it matter where you reinvest those dividends back in the stock or just reinvest them in the fund in general >> any time you can reinvest dividend, just reinvest dividend power of compounding, one of the greatest single things that can happen to your money is the compounding of dividends okay, teach a man to fish, your show has evolved but our mission is the same, to make you a better investor i'm in your corner plenty of "mad money" ahead, including how to plug into one of the market's biggest sources of wealth over the last few decades. plus, it can be a huge way to win, but also a massive

catastrophe if you're not careful. don't miss this important advice and i'm taking your tweets "mad money" will be back after the break. >> don't miss a second of "mad money. follow @jimcramer at twitter have a question? tweet cramer at #madtweets send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com.

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we've started the show explaining why we teach what we teach and why you want to own index funds to capture the stocks in aggregate. for those that come away from the show saying we count stocks every night and say index funds are a waste of time. we're not going to win you and we do know, you don't even need to bother to watch. that's fine. so why do we bother to do the show other than i like to be compensated for something if i like index funds so much surely i could have retired by now. i did well in a previous life. i will come back to that, so hold on to it. but i mention it now because i'm lucky enough to be able to do what i want to do at this stage

in my life every now and then, i'm tempted to think maybe i should go back and be a hedge fund manager. but i remember my late father thought i was much happier doing what i do now, and he thought it would be a mistake going back to that old life. plus, he thought the show was terrific and my biggest backer in what i was trying to accomplish here. thanks, pop. so why ever talk about individual stocks then first we know that smomeone mus want the information or we wouldn't have lasted second, i do it because of stocks national video -- this is history. national individuvideo, heinz, others they can play a role in your financial education and get to your point where you make fewer

errors and have a chance to make money longer term. if you invest in individual stocks as well as index funds. remember, index funds are preferable for the vast majority of you, but you are going to want to buy individual stocks any way, or you wouldn't be watching "mad money. which brings me to the first of six stocks at the genesis of the show, national video when i was growing up, my father's brother knew a broker, and that broker's name was jack. i met jack once. i recall he played a lot of tennis my father worked hard. after the war he started at gimble's selling men's slacks. when it was clear he wasn't going to get promoted, he decided to strike out on his own with his brother, selling carpet and toy games, then gift boxes to retailers those who heard my father's eulogy delivered the day after he died in november of 2014, know that he had a hard business

life he and his brother started the national gift wrapping box company, supplying merchant everything they needed to box, wrap, and bag whatever they sold he never had much competition and his customers were always going under, and he was on the road quite a bit, trying to find the new ones i remember endless days of discouragement i was growing up, you know, those were the days my mom would tell me go to your room before my pop got home, because he had a hard day it was tough to save he had money in a bank account, but it didn't pay much interest and i knew he was always deathly afraid he couldn't pay the bills. one day pop said he knew what he was going to do. he was going to buy the stock of national video, because pop's brother heard from jack, the guy with the good backhand that was a broker, it was the next big thing. the stock of the millennium, or at least of the roaring 1960s.

at first, the stock went up dramatically, and pop bought more and more because it was going higher yeah in fact, that was about all pop knew about national video. pop either found out how it was doing by reading the evening bulletin, which came out at the close of the market. or he would turn on the radio and they would list a lot of closing prices on the station, including the national video and he would cheer he even encouraged me to follow it i kept a journal of stocks i followed in the fourth grade i didn't know any more about the companies beyond what pop knew, but i wasn't playing with real money. he was sure enough, after pop put a sizable amount of his life savings into national video on the way up, it started going down like many people, pop didn't know what to do. so he would check in with his brother, who checked in with jack who told his brother who told pop all was well and he should keep buying national video, which he did.

for all i can say is i am glad for two things one, pop never borrowed money to buy national video and two, stocks stop at zero on the way down he lost everything, everything i didn't notice the changes back then, but let's put it this way, we didn't take much vacation, and we sure didn't stay at the ritz carlton when we went away i remember ritz mock apple pie made with crackers there was an important takeaway. people are going to be tempted to own individual stocks to save or augment their paycheck. one of the preseps of "mad money" is to now how to invest in individual stocks think of the mistakes my father made with national video and you'll know why this show is set up the way it is first, you didn't know anything about it so he had no idea how the company was doing, how risky it was, and how it could go under he relied on a stockbroker

friend of his brother. he done no work on it at all so he was at the mercy of the movement of the stock and only knew to continue to buy rather than cut losses. that's right, he had a tip he bought the tip and down after doing no work and lost everything substantial chunk of his life savings. let me give you the bottom line. here are the many takeaways. tips are for waiters two, you must do homework if you're going to own individual stocks three, if you can't do homework, own an index fund. and four, if you fear losing money, don't own stocks at all, because they can go down as well up i still don't know what national video does that's for another chapter in tonight's story. after the break, i'll try to make you more money. >> mr. cramer, love the show >> we really appreciate you out there, man >> boo-yah from my kids in elementary school. >> boo-yah, mr. cramer

>> i know you hear this all the time, jim, but thank you, thank you, thank you so much >> this has been my best year by far and away in the market >> i just want to thank you for looking out for the regular guys out there. >> i am trying to teach people to be better investors that's the goal here >> great to hear your voice and know that you're there for us. ♪

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find a price that fits. tripadvisor. ♪ it's not just a car, it's your daily treat. ♪ go ahead, spoil yourself. the es and es hybrid. experience amazing. ♪ welcome back to a real special show of shows. a show describing what this show is about and why do it to begin with? first, we covered that i don't even want you to buy an individual stock until you own a diversified index fund and own enough to make it so it's always going to be the biggest part of your savings, never stocks we don't call the show "mad money" for nothing next, we learn how not to invest, buying a stock national

video ignorantly through a tip from a broker via brother and riding it all the way up and then all the way down. >> that was easy >> that wouldn't happen with an index fund, but we respect the right everyone has to try to invest in individual stocks. even as we recognize that my father, had he diversified, if they existed back then, or at least a basket of stocks, might have had a lot more to show for it the second stock object lesson of the name, american agranomics when i got out of school, i made about $150 a week. and then homicide in l.a., i didn't make much there, but i opened an i.r.a. to save money so whatever money i had went to the fund like my dad, i was determined to

try to augment that mutual fund and my paycheck by buying individual stocks. i was going into it the right way by researching the stocks, getting an edge through the research, not through the brother or the broker. where was i going to get that edge why not read all the periodicals that covered stocks. i was helping to start a magazine, a trade publication devoted to law because of a kind sister that let me crash in her apartment, i was able to save some money. in fact, i saved more than $200 beyond by contributions to my i.r.a. and decided to use that to buy -- >> buy buy buy >> the stock of american agranomics why? >> because i read an article that said this orange grower was doing well, and i would be on the ground floor the i bought it so i picked up ten cares of this $9 stock i was in on the ground floor, all right.

you know what ground floor i was in on? the cheap linoleum ground floor. yeah, because the frost wiped out the orange crop and destroyed my investment. i should have given up, but i didn't i changed my m.o what i did give up on, though, was buying a stock off a well researched article i got a call from an old friend of mine, high school friend, who said a local steel mill, called sps at that point, was hiring if i was looking for a high paying job. they had a lot of orders and desperate for workers. my friend didn't know i was struggling for extra money hey, those calls in the middle of a recession from a friend for a job, they can be like gold i said no, i was happy where i was. but i decided to look into sps and see how it was doing as a stock. so i went to the library in new york where they had all the

periodicals and read everything on sps, which then changed to st technologies they had everything at that library. you name it. and here's what i discovered first, there wasn't much written about sps. and second, what was written was negative my first thought was to say well, it's not doing that well, bummer but then i realized hold it, my information is the most current possible i got a guy telling me they can't handle the business they have, and need to add additional shifts of unskilled labor like me but the periodicals all read negatively about it. in other words, i had insight nobody else had. now, these days it's hard to get that edge. edges do exist, though, and we do our best to present them. interpretations of news and events can augment the analysis. but i took everything i had, everything i saved, and i made a ton of money as the sps story

unfolded enough money that i decided to look around the office for more ideas where i had an edge. i was writing about lawyers working on mergers and acquisitions back then, and the hot field was oil and gas. one after another, they were being gobbled up so i thought let's find one that hasn't been gobbled up yet i found a company that had just discovered a large find in indonesia. i took another chunk of money, like say, $300, and bought that stock. at that point, i was hooked. it changed my whole career plans. yep, i put money into my mutual fund, but anything left went into individual stocks i know already that there are people out there who say wait a second, none of this is possible today. first, the research is every now, courtesy of the web second, anyone can google any company and now how it's doing in a nano second

third, there are now rules that make it so it's hard to get an edge, because companies have to have full and fair disclosure. that means some would say you can't game stocks at all, and you might as well buy an index fund you know i'm not against that. i was investing in individual stocks alongside a much bigger percentage of my savings at the time still, though, i recognize that you can study and pick stoblg doing better and it augment your savings. have some edge and stay current on the company so here's the bottom line. remember sps and agranomics. i'm telling you right here, it's a start. better to have genuine insight that others might not have, especially if it's against the grain of the consensus then you increase the odds it is about the odds in the end.

and anything that you can do to increase those odds in your favor is going to make it more likely than not that you will succeed as a do it yourself investor, which should be the reason you watch this show joe in new york, joe >> caller: boo-yah, jim, this is joe from kings park, new york. just a quick thank you for sharing your wisdom. most certainly appreciate it >> i have a great staff. thank you. >> caller: my question is this, if i want to diversify and add thee or four companies to my portfolio, but i would only be able to buy two or three shares, or be better to buy ten shares of one of them and what is the least amount you would invest? >> many times i've done ten sha shares only after you maxed out on

index funds. nobody said investing is easy. that's why i try to help you put the odds in your favor it requires time and hard work on your part but you know what? we'll do it together so stay with cramer.

♪ tonight, i'm telling you how to increase the odds of successful individual investing, using stocks from my personal history to tell the story. we have gone over why we start with index funds we have seen the wrong way to invest by examining a failed investment of my dad's, national video. and the right way through a couple of stocks i bought before going to law school, ahead of the publicly available data curve back then.

while at law school, i managed to trade daily using personal insights and going to the harvard business school hi brli, which had everything you could dream of at the time, as well as what we called microfiche of s.e.c. filings of individual stocks so what if it was about a month old when we got them during that time in law school, we had the beginning of indexing of individual stocks, followed by the value line company. that was a research firm at the time, still around and then ultimately the s&p 500. i didn't think much of the s&p 500 back then, i didn't. i was more interested in individual stocks and i had some big scores at no point did these changes school the arbiter for individual stocks. the heyday for stocks was just beginning, so i put a stock a week on my answering machine, and almost all of them made money. we were coming out of a period of subpar market performance

interest rates for about four, five times what they are now, and money coming into stocks in the fervor, let's just say it was all just beginning how do i know this when i started on commission in 1984 at goldman sachs, i used to get a call every day from none other than my mother, who loved the stock market and would call for quotes on her favorite stocks i got her interested in stocks in the early '80s and she chose to invest in the way peter lynch started to teach us, buy what you know and stay on top of it she had been shopping in giant food, which was a very prerogative supermarket chain and asked me if it were publicly traded she bought 35 shares and itching to buy more. so i would do is read up on the wall street research and marry her experiences at the chain, personal insight, with the fundamentals of the grocery business goldman had what was known at the time as the ax, the best analysts on the street, and i

would read what he had to say about giant versus the other firms. i had a friend, tommy tish, who would send me research from other firms, including firms that wrote about grocery stores. so you like an idea through personal experience, giant food. you read up about it with the best research. if the ax liked it more, you might have a light imperfection as other analysts got on board and started recommending it. it was helpful if the ax were to trace out the game plan. if there was terrific growth, especially regional going to national growth, that would mean investors would pay out more of them for other companies in a sector, meaning the multiple, which is the price we're willing to pay for future earnings, or the p.e. could go higher these days everything is so much easier while giant food was bought by a dutch company, had it stayed public, it would have had

everything you want, including a stock price, which is available everywhere of course, the negative here is everyone has the same info but the insight by my mother was the starting point you can't substitute for that. no my late mom never lost her interest in stocks she got cancer in 1985, and she would call me every day for quotes she did it to stay alert and stay connected to me goldman sachs gave me as much time off as i needed to spend with her before she died but i never forgot how easy it was for a parent or a son and daughter to talk about stocks. i plenl pledged one day i wouldo more than just make money. it is important to know that despite these inputs, the process of picking winning stocks can be up ended by events, or by execution of the company itself and the power of

competitors to knock it off in stride which brings me to the fifth stock in our saga, gantos. anybody remember that? here was a woman's apparel chain. it was heavily promoted. i tried to get my father to buy stock in the chain, but he would hear nothing of it i asked him why, because we have the best analysts on the street. he said, because no one goes there. i told him that was impossible it was too highly rated by goldman. my father said all right, let's take a trip to a giant outlet mall outside of philadelphia that my father used to go as he called all merchants to see if they needed his boxes and bags my father said we're going to sit on this bench and camp out in front of gantos, and make a judgment whether anybody goes in and out. we sat there for hours and hours talking and watching, and only about a dozen people entered the

store. i shorted the company that monday and stayed short pretty much until the whole thing went to zero and got liquidated wall street research can be wrong. gantos made me skeptical i never forget that exercise i'm offering a way that this show can bolster the process i try to keep the skepticism of that lesson, and figure out how i can help by presenting you the giants and the gantos. i want to show you that it suspect reckless to pick individual stocks and those who stay it is don't understand the process of firsthand experience married with research, buttressed by skepticism it increases the odds of successful stock picking, minimizing the risk. so my mom was no genius at stocks, but she did have a genuine interest my dad was a genius at retail.

i would like to think some of that rubbed off on me. stay with cramer ♪ some things are simply impossible to ignore. the strikingly designed lexus nx turbo and hybrid. the suv that dares to go beyond utility. experience amazing.

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♪ we're talking tonight about the notion of individual investing and recognizing how i try to teach you how to analyze stocks you might pick if you have the time an inclination if you don't, you can keep watching, but i want you to invest in index funds, not individual stocks. why? because i can't have you buy a stock on a tip and do no research i want you to have an edge or a catalyst or a personal experience, where you can match that experience with homework, principally research, and

recognizing you must skeptical at all times now, though, let's get to the final piece of the puzzle that eludes so many of you and make the process far more mystical than it seems. let's talk about heinz, a ketchup company bought not long ago. when i decided to leave goldman sachs, the first stock i bought was heinz. why? because i was looking to own a stock that represented a call and a great management team that could deliver earnings through thick and thin it was moving from the first world to the third world we used to call it that. plus, at a time when the japanese were nipping at our compani companies, i was confident that we would never have asian ketchup on the picnic table. but what i didn't count on was the performance demands on the hedge fund manager class

as long as i was at goldman sachs recommending stocks, i could suggest my clients buy more of them that wasn't wrong, and would run the risk of losing a client. but performance management has its own set of rules and it was learning them on the nigh that re -- fly that got me down on my luck just buying stock because you knew it was terrific didn't matter to my new investors they wanted daily performance. and i started my fund at a time when the economy was just beginning to heat up heinz was a tapele with a good dividend what i didn't understand is when the economy heats up, people dutch these stocks for something more cyclical. i watched as heinz and other companies drop and drop more it was a rotation, with earnings that would heat up, start

popping. i didn't get that if i wanted to perform daily. i realized i had to bump my heinz and bristol-myers, start buying reynolds metals and phelps dodge, your mining and mineral companies. nevertheless, i had a clause with my investors, one demanded by one of the guys, which is if my fund dropped by 10%, i would have to open the doors and let people out my fund sank and sank because it was filled with not what was fashionable. when i had fallen to 9%, we footed all my favorites and played that rotation game and got to even, then much more so it was a sobering lesson if you want to perform on a daily basis, you've got to take action you can't just sit there and get your head handed to you because you own best of breed companies. this rotation game is not one you can play at home without being almost a full time professional

as that year blogged, the economy got hotter and hotter and the stocks kept getting higher and higher. but at a certain point, things got too high people started worrying about interest rates going higher, and then the stock market crashed. all those cyclical plays were decimated. so were heinz and bristol-myers initially. but they snapped right back. and that's what happens to the best of breed well managed companies. remember, i have now told you to use an index fund no matter what and buy only individual stocks with mad money using the right way, not the wrong way here i have detailed how a rotation can derail the best of the best for a short period of time what we do is try to explain right up top why your stocks might not be following the fortunes oh of the companies underneath because of things like rotations and so-called macro movements. then i try to show you where you can use the flailings of the hedge fund performers by your

own advantage. i do that by bringing on executives to learn about their stories and see if they fit into what's right and wrong in the mad money world view i've seen the best of breed does win out in the end, whether it's after the great crash of '87 or the recession of 2009. my job is to explain why the market may not be reflecting accurately what's going on at actual companies, and that's your chance to get in at reasonable prices. i augment these views with my other works. these are mine my book has a lot of this stuff, as well as my blog shs and my charitable trust that you can follow along that's a way to show you how big money works. it's more of an exhibit with e-mails. that's okay. it can help you understand the rotations better than anything out there, while producing some good profits for charities i'm proud that i've given away more than $2.3 million

i've had your interest to be a better investor. understand how it works and how the match nations of the pros enter twine with how a home gamer should invest. i know that the show is not perfect. i have favored companies that didn't work out. i know that i have a reputation not really deserved for being too bombastic. i'm trying to keep you informed in an entertaining way but if i didn't try to make it a little bit of fun, it would have failed commercially years ago. and i would have let down my mother, father and all you home gamers education is what it is about, as long as you know the bottom line is i'm doing my job and hopefully doing it right stay with cramer cramer, you are super. you are awesome. >> i'm a first time investor >> you inspire me to get in the

game >> your show is the best i'm so glad you're on tv >> i want you to know, you have transformed me thank you, cramer. ♪ it's a champagne and models potpourri ♪ ♪ on my yacht made of cuban mahogany, ♪ ♪ gany, gany, gany, gany ♪ watch this don't get mad (bell mnemonic) get e*trade and get invested

♪ but today i thought i would give my hands break and dig into some of your tweets here on "mad money. in real money, he means the book, you said to be aware of

firms financed heavily with debt is there a certain percentage to avoid? if you go to stay mad for life, i have a lot of rules about that but you have to be sure that the debt they have, the interest that they have to pay isn't overwhelmed -- doesn't overwhelm the company. in other words, can the cash flow pay for that interest that's what you'll hear. here we have at number two, is there any virtue or possibility of returning to the gold standard no, we don't want that that makes it so we have no flexibility whatsoever however, i do think that owning some gold is always a good idea. you can do it through the bullion or the gld or periodically i might recommend a stock. check this out who said, great morning on the west coast, teaching by 5-day-old the value of investing on "mad money" at cbs. what can i say you know what that kid has

horse sense. could you define precisely value, good cash flow, what is the quality? everything gets sold high quality companies is acknowledged to be the corporate leader in its sector that's what i want, and if the sector is a good one and this is the best of breed in the sector, i think you're going to have a good long-term investment. i prefer to wait until we get these periodic moves down. that's when you pull the trigger. buy good companies at prices you like we know that money ever sleeps, but do you i've always had a sleeping problem, my father and sister had a sleeping problem we cannot stay asleep as long as we like. that's why you see me tweeting at 3:40. next, who are some short sellers worth following and learning from this is an industry where what i'm looking for is actually the best shorts, not the best short

sellers. what i found is that the best short sellers are in the wrong stocks so i look at the companies case by case. your 6:00 p.m. shows replace the nightly news amazing coverage i appreciate that and i'm glad you watch it when it's on air. now, here we have, so glad you're helping us. i read every action owners alert. never miss one thank you. that is a companion newsletter to my charitable trust it's my own money in a trust which i then send to a charity, and write about it while i'm doing it to analyze it stick with cramer. ♪ stars belong to everyone ♪ ♪ they cling there for you and for me ♪ ♪ flowers in spring

♪ the robins that sing ♪ the sunbeams that shine ♪ they're yours and their mine ♪ love can come to everyone ♪ the best things in life they're free ♪ ♪

your bbut as you get older,ing. it naturally begins to change, causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. the name to remember. i like to say there's always a bull market somewhere. i promise to try to find it for you here on "mad money." i'm jim cramer and i will see you next time

>> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪ is jason lucash and michael szymczak with a creative new technology business. ♪ i'm jason... and i'm mike, and our company is origaudio. we love to travel. we're total travel junkies and have been all over the world. and we also love music.