This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Why I Do What I Do

Editor's Note: This is a bonus story from Jim Cramer, whose commentary usually appears only on RealMoney . This column was published on Jan. 12 on RealMoney . We're offering it today to readers. To read Cramer's commentary regularly, please click here for information about a free trial to RealMoney.

Is he the next Joe Granville? Is he the next Dan Dorfman? In the last 48 hours, I have been compared with both gentlemen, and I think it's about time I weighed in on who the heck I am and what I am doing on both my television and radio shows as well as in my writings.

First, the comparison to Dan Dorfman came from an unflattering bit of research from the shop of Laszlo Birinyi. It's always disappointing when you read something under the name of someone you respect that links you with someone who was dismissed for ethical violations. For those of you not familiar with Dorfman's work, he used to come on CNBC and dazzle us with takeover stories that might or might not be true. I always found him entertaining, but he was, I felt, a negative force, not a positive one, because his splashiest stuff was about who would buy whom and that's unknowable, at least legally.

The Granville analogy comes closer to home, and appears closer, too, being from none other than our own Doug Kass. Having traded aggressively during the period that Joe Granville moved markets, I find myself momentarily flattered by the comparison -- except Joe turned out to be more one-trick than I thought. He couldn't reinvent himself, despite the pyrotechnics.

OK, now let's talk about me. First, I was a professional money manager, something that Dorfman wasn't. Did Granville run money? I don't even know.

Second, I made a ton of money, enough to be able to burn through piles of it to start this enterprise and still feed and house my family, which, believe me, is saying something.

I point these two out because Wednesday, Don Imus, a man I respect tremendously, said that what distinguished me from many of the pontificators out there is that I actually did it and I made a lot of money, which puts me in a different camp from many others who write and talk about the market.

But there are others who have made a lot of money who don't make the splash that I do and don't put on "the show," if you want to call it that.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AAPL $124.25 0.00%
FB $81.66 0.00%
GOOG $542.56 0.00%
TSLA $187.59 0.00%
YHOO $44.13 0.00%


DOW 17,698.18 -77.94 -0.44%
S&P 500 2,059.69 -8.20 -0.40%
NASDAQ 4,880.2280 -20.6570 -0.42%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs