Jim Cramer to Dave Portnoy: Investing Is Game of Skill, Not Chance

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On Mad Money Monday night, Jim Cramer spoke with Jay Snowden, president and CEO of Penn National Gaming. Dave Portnoy and Erika Nardini, who are the founder and the CEO of Barstool Sports, were also in the interview. Barstool has partnered with Penn for sports betting and sports-related content.

Portnoy said he's anxious for the return of sports, although Barstool has been able to keep their audience engaged with other content, like video games and the stock market, in the meantime. He said there's no doubt that when sports returns, Barstool will be the dominant player in their space.

Nardini said there is no audience like Barstool's and they have the fastest-growing audience on every social network. There is incredible growth ahead for Barstool, she said, and if the analysts don't see it, they're looking in the wrong direction.

So, what can investors learn from Portnoy's foray into day trading?

"I think he's bringing people in," said Cramer. "Those people have to make a choice: do they want to do the work or do they want to just ride momentum, or ride luck, be up or down and have no edge."

You can follow Jim Cramer and Katherine Ross on Twitter at @JimCramer and @byKatherineRoss. Read more from Katherine Ross here.

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