Sneak Preview: Admit It When It's Too Hard
Editor's note: This is a special excerpt from Jim Cramer's book, Jim Cramer's Mad Money: Watch TV, Get Rich. To order your copy and read all the rules, click here.
5. Don't be afraid to say it's too hard: some things like restaurant same-store sales, are just too difficult to game. There are hundreds of different ways to make money in the market, but not everything is worth betting on. There are some metrics that are just too hard to predict, and that means you shouldn't try to invest based on them. The hedge funds will try to game anything and everything, but that doesn't mean they have a method that works; it just means that they're willing to place big bets all over the place to try to make big money. But that makes everything in the market much more volatile than it used to be.
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
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