That's it. I quit. I am going in the incubation business. I mean, forget about taking over my dad's jobber business. And this hedge fund business, now that had appeal for a while. Cash business. Good margins. No credit risk. Heck, I even liked the dot-com business for a while, at least until we came public and the abuse started.
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Ahh, but this incubation business, now there is something. You don't even have to do anything. You just get a bunch of guys in a room, preferably in Philadelphia, and you spread some dough around and then you, ahh, sit around and wait, nah, you incubate!!! (Do I dare look in the dictionary and see if that isn't the exact definition of incubate?!)
Sorry, couldn't resist. But it does occur to me that the only thing easier than doing is watching someone do it!
And I am long the incubators!
shorted the drug stocks. Shoulda bought the
Red Hots. Shoulda, woulda coulda. My wife, the
, is right. I am a true second-guessing *&$*&$&$^.
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James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund had no positions in any stocks mentioned. Cramer's fund also may be long or short certain stocks in his B2B rotisserie league or Red Hot index. His fund often buys and sells securities that are the subject of his columns, both before and after the columns are published, and the positions that his fund takes may change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Cramer's writings provide insights into the dynamics of money management and are not a solicitation for transactions. While he cannot provide investment advice or recommendations, he invites you to comment on his column at