RealMoney Radio: Question Time

"Today is going to be a different kind of show, where I loosen the tie, sit in the corner table and take your questions," Jim Cramer said on his "RealMoney" radio show Friday.

After 25 years in the market, Cramer said he has seen a lot that has gone on and has pretty much held every job there is.

"There are some questions people ask me regularly," he said. For one, people like to ask him about the most he has ever lost.

Cramer said he lost close to $300 million in 2000. However, that same year he also made $450 million.

He lost $15 million in one day with Cendant (CD Quote - Cramer on CD - Stock Picks) while he was on vacation. It was a miserable experience, he said.

Another question people like to ask is whether or not college courses in business and finance are worth taking.

Most professors have not made a dime, and they believe stocks are priced perfectly, which is not true, Cramer said.

Many times stock prices diverge from their fundamentals, but that's when the money's made, he said. When a stock is down, but the company's fundamentals are good, people are likely to make money.

In response to the question: "What does 'Booyah' mean?" Cramer said the word stems from a listener who made a lot of money in KMart.

Another frequently asked question: "What are the factors that most affect the price of a stocks?"

Cramer said that 50% of a stock's move is because of its sector, while the other 50% is based on the individual workings of a company. A company's sector matters so significantly it is generally influenced by larger forces like the Fed.

When the Fed tightens rates, some sectors do better, and some don't, he said.

To see the most recent edition of The RealMoney Radio Recap in its entirety, please click here. This recap is published every day around 3 p.m. ET.