Jim Cramer: Money Buys Influence in Investing
Like in politics, money is a powerful tool in investing, according to TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer.
Like in politics, money is a powerful tool in investing, according to TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer. 'Some people are more influential than others,' Cramer said, urging investors to read a MarketWatch column, which discusses how billionaire investor Carl Icahn's $2 billion stake in Apple (AAPL) - Get Report , which was sold earlier this year, is an example of 'investment inequality.' Cramer said boards may have to play ball with Icahn, given his vast wealth. Boards have more flexibility blocking influence from smaller activist investors, according to Cramer.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.









