After four years, Mad Money’s mission remains the same: to help regular people – shareholders at home watching the show – to better understand the market. Knowledge, as the saying goes, is power. And the average investor needs as much as he or she can get. Let’s face it, mutual funds and hedge funds throw around some big money, so the rest of us need to find a way to level the playing field. That’s where Cramer comes in.
You see, this show isn’t about stock picking, as many critics think it is. Mad Money is about education. Cramer’s higher purpose is to explain the forces that move stocks. He wants to teach investors how to make money in even the worst markets. He tries to give the layman the inside scoop on this fashion show known as Wall Street. The big money guys – mutual and hedge fund managers – don’t want you to know this. And like it or not, the deck is stacked in their favor. So Cramer does his best to even out the odds, so to speak.
Sometimes that means finding long-term secular trends that offer a good chance for profits. Think China and Cramer’s trade-down plays like Ralcorp and Treehouse Foods. Other times that means widening the focus a bit to tackle larger issues, such as President Obama’s spending plans or unchecked short selling. Mad Money’s themes vary from AIG to Citigroup to Federal Reserve Chairman Ben Bernanke to the show’s CEOs Wall of Shame. But whatever the topic on any given day, the real focus is always you, you, you. Cramer is doing his best to teach you what you need to know to compete against the big boys, survive the downturns and better manage your money.
No doubt Cramer has made mistakes. He’ll be the first to admit that. And, yes, he recommends stocks. But that always comes second to educating his viewers. That is what he has been doing all along, and he’ll continue to do it, regardless of what the critics say.
So Happy Fourth Anniversary, Mad Money. Here’s to another four.
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