Speaker 1: I am a natural food chef. I went to culinary
Speaker 1: school for Food and Healing in New York around two
Speaker 1: thousand one, and I went to a school that's no
Speaker 1: longer there. I didn't realize that, but it's called natural Gourmet.
Speaker 1: It wasn't really all vegetarian. There was a week of
Speaker 1: meat and chicken, but it was largely vegetarian and health
Speaker 1: conscious cooking for people who have food allergies, food intolerances, diabetes,
Speaker 1: cancer prevention foods. This was way ahead of its time too.
Speaker 1: Back in the day, I was very interested in food
Speaker 1: and healing, long before the world of plant based foods
Speaker 1: and everything being organic and being a natural food chef,
Speaker 1: long before wheat egg and dairy free and gluten free
Speaker 1: and celiac. That was not really a conversation back then
Speaker 1: at all. Soy milk was an alternative and that was
Speaker 1: really it, and some people would eat tofu. But this
Speaker 1: world of beyond and impossible burgers and plant based foods
Speaker 1: has really grown exponentially. Anyway, back then, I ate raw
Speaker 1: for a year, which is also very advanced. Being eating
Speaker 1: raw doesn't mean like eating raw meat and chicken, although
Speaker 1: some crazy people do that. It means a raw food
Speaker 1: diet where nothing is cooked over a hundred and I
Speaker 1: think it's like eight eight degrees. People differ on the degrees.
Speaker 1: People cook foods in a dehydrator specific type ovens to
Speaker 1: non cook these foods, people soak grains so then you
Speaker 1: can eat them. They're soft enough to eat. And it's
Speaker 1: raw nuts, not roasted nuts, and it's um, it's live,
Speaker 1: and it makes sense to me like they're live foods.
Speaker 1: But once you come off of a juice cleans or
Speaker 1: juice fast, you're supposed to start and break your fast,
Speaker 1: which is as important as the fast itself with live foods,
Speaker 1: And to me, it makes sense when you cook for
Speaker 1: your kids, if you're making broccoli, you'd rather be fresh.
Speaker 1: It's as close to alive as possible. And then if
Speaker 1: you flash steam it and it's still bright green versus
Speaker 1: being like mushy and gray green like when we were kids,
Speaker 1: it seems to me that it makes sense that it's
Speaker 1: more alive with nutrients. And the same thing like I
Speaker 1: never understand why someone would grill romaine, lettuce or peaches.
Speaker 1: It's just like a natural live fruit. So I cringe
Speaker 1: when I see people grill lettuce. I cringe myse people,
Speaker 1: grilled peaches. You can go on and on, and it's
Speaker 1: not that easy to always eat a row foods diet.
Speaker 1: But I did it for like a year, and I'm
Speaker 1: very knowledgeable about this, so probably about twice a year. Definitely,
Speaker 1: once I'll just feel a little sluggish. I may not
Speaker 1: be sleeping well, my skin like, it's not about breaking out,
Speaker 1: but it may just feel little dull, not alive, and
Speaker 1: I'll do a cleanse, a juice cleanse, which I just did,
Speaker 1: and I will definitely do another rant on that, because
Speaker 1: I know you're gonna want to hear about my juice
Speaker 1: cleans and detoxing um. But I did a juice cleanse,
Speaker 1: and then I often, after the juice cleans, decide to
Speaker 1: go vegan, but not in an obsessive way where if
Speaker 1: there was chicken broth in some food soup based I
Speaker 1: would freak out. I'm just not that obsessive about that
Speaker 1: type of stuff. But I'll do vegan to see how
Speaker 1: it makes me feel. And I don't really do a
Speaker 1: lot of dairy, so even in the morning, if I'll
Speaker 1: do almond milk or some sort of alternative milk, I
Speaker 1: often have that tickle and that congestion and it's really irritating,
Speaker 1: like you're blowing your nose. You wake up, your nose
Speaker 1: is dry. I don't know if any of you know
Speaker 1: that and have that experience. And it's not sinuses and
Speaker 1: it's not allergies, and it's just whatever it is, and
Speaker 1: it's maddening to me. So lens and then maybe something
Speaker 1: like going vegan is an interesting thing because once you
Speaker 1: go off a cleanse, you're almost doing like an elimination diet,
Speaker 1: where if you add back in let's say it's steak,
Speaker 1: and you just feel really tired or really gross and
Speaker 1: you've been eating nothing, no animal, then you know that
Speaker 1: maybe it's the stake. If you simply that, just initially,
Speaker 1: just add back in. Let's pretend it's dairy and you
Speaker 1: start to feel sniffley, then you'll kind of be able
Speaker 1: to see. The point is where you do a cleanse,
Speaker 1: it's like a blank canvas, so you can individually see
Speaker 1: how does caffeine affect my body, How does sugar affect
Speaker 1: my body? How does alcohol affect my body? So it's
Speaker 1: a great way to have a blank slate to be experimental.
Speaker 1: So I decided to quote unquote go vegan, and it
Speaker 1: has to have been like a month now, and it
Speaker 1: can be annoying. Your stomach can get like sort of
Speaker 1: like you know, like gas paints because you're going to
Speaker 1: a restaurant. They have nothing that's vegan except for like vegetables.
Speaker 1: You get like a side of this vegetable, a salad.
Speaker 1: It's redundant. You just want to be eating the New
Speaker 1: York Strip steak, and you know you're telling everybody no butter,
Speaker 1: which you should do anyway. Saute with olive oil. That's fine,
Speaker 1: but I will say that you sort of feel full
Speaker 1: from all this food you're reading, but not really full.
Speaker 1: And sometimes I do the vegan quote unquote junk food thing,
Speaker 1: like the frozen faux wings or whatever. If there's a
Speaker 1: food that's not like from the earth and not natural
Speaker 1: and is an ingredients, you can pronounce it's junk food
Speaker 1: even if it's vegetarian, even if it's vegan. But I
Speaker 1: really wanted to stick to it, so I said, Paul,
Speaker 1: I've been doing this for three weeks, and you tell
Speaker 1: me if there's anything different, because there's a steak on
Speaker 1: this menu and I want to buy there's lobster and
Speaker 1: bacon and blue cheese and avocado and egg on that
Speaker 1: lobster cob that I'm crying over. So somebody needs to
Speaker 1: tell me something besides that I'm not congested, which I
Speaker 1: haven't been too so I don't you know, So I
Speaker 1: just stay on this thing whatever. This thing isn't forever
Speaker 1: how long? And I love animals, and I wish I
Speaker 1: could say it's only about the animals, but and it
Speaker 1: really is, because I get freaked out when I see
Speaker 1: when I just think about the animals, and the dairy
Speaker 1: is supposed to be even worse. And that's sort of
Speaker 1: a more humane conversation for another time. And I do
Speaker 1: think about that, and then the hypocrisy because I do
Speaker 1: have leather, and so there's a whole conflict with that
Speaker 1: whole conversation, and we can have that conversation for another
Speaker 1: day also, But as far as I like not having
Speaker 1: the congestion, and Paul said, skin looks really good, and
Speaker 1: now I have good skin, I don't break out, but
Speaker 1: he's like, I don't know, it just looks like more alive,
Speaker 1: you look more youthful, You just look fresh. And he
Speaker 1: said it to me a couple of times on FaceTime
Speaker 1: from Boston, like you look young right now, and someone
Speaker 1: else said that to me. Now, I've also been sleeping
Speaker 1: very well lately, but I think that's also as a
Speaker 1: result of this. I wasn't in the beginning, but now
Speaker 1: I'm kidding my stride and I'm having very deep, clean sleep.
Speaker 1: Imagine if I also didn't drink alcohol, which definitely hasn't
Speaker 1: been happening, but not been drinking a ton. So today
Speaker 1: I get my makeup done by my makeup artist because
Speaker 1: I had day oppressed, and he says, your skin is amazing.
Speaker 1: I'm like, well, I had a facial last week. He's like, yeah,
Speaker 1: but you always you know, I've seen you before since
Speaker 1: you had a facial. So he said, no, what's going on.
Speaker 1: You didn't change your skin products. I'm like, no, not
Speaker 1: at all. He said it must be the vegan thing.
Speaker 1: So I have to say, if the animal cruelty thing
Speaker 1: is not your motivation, maybe think about trying it just
Speaker 1: for decongestion. Skin, sleep youthfulness sort of makes you think
Speaker 1: more about drinking water. So I'm kind of I'm gonna
Speaker 1: keep documenting how I feel. What do you think have
Speaker 1: you ever thought about a vegan lifestyle? My guest today
Speaker 1: is Jim Kramer, host of Mad Money on CNBC, where
Speaker 1: he helps viewers navigate the confusing world of Wall Street investing.
Speaker 1: He's a former hedge fund manager, as well as an
Speaker 1: author and a co founder of the street dot Com. Today,
Speaker 1: we talk about why you need to embrace low points
Speaker 1: to grow, the importance of taking a break for joyous creativity,
Speaker 1: how you need to be relentless when starting your business,
Speaker 1: and why getting comfortable with projection helps you succeed. I
Speaker 1: love talking with Jim, and I think you're gonna love
Speaker 1: this episode. He is very interesting, very unique, and he
Speaker 1: has a lot to say. Hi, Hi, how are you good? Okay,
Speaker 1: So how's your day today? I mean, just its jordinary
Speaker 1: because it's joted. Last night at this U mere our
Speaker 1: restaurant where I was dining with some friends, and I
Speaker 1: got very, very exciting because ever real lies. I am
Speaker 1: now two days from vacation, my first vacation of the year,
Speaker 1: and I am so excited because we all need time
Speaker 1: off if we're gonna do great. A lot of people
Speaker 1: feel like the secret is to never take vacation totally wrong,
Speaker 1: and you must you if you believe in that, you
Speaker 1: must you must agree with me because there's a lot
Speaker 1: of strivers self made thousand aires want to be self
Speaker 1: made millionaires like you who think that the secret is
Speaker 1: never taking time off. It's just the opposite. By the way,
Speaker 1: it's so funny that you say that, because I always
Speaker 1: say when you relax and you sit back and you retreat,
Speaker 1: that's when the good ideas come. Like when you give
Speaker 1: yourself a space, that's when you declutter your mind and
Speaker 1: you get the good ideas. This is so, and I'll
Speaker 1: tell you something else. But then I am absolutely convinced
Speaker 1: that the week before you go on vacation is the
Speaker 1: week when you start questioning your self existent should I
Speaker 1: be doing this? Am I doing the right thing? I'm
Speaker 1: really tired of what I'm doing. No, you're tired of
Speaker 1: being tired that who you are, and you will be
Speaker 1: so fired up that you will do the best stuff
Speaker 1: you've ever done. Well. I heard that Serena Williams said
Speaker 1: that to her husband because she used the metaphor about
Speaker 1: being a professional athlete that you need to let your
Speaker 1: muscles rest in order to perform. So for someone like you,
Speaker 1: who's on all the time and so high energy and
Speaker 1: has to be analytical and in the weeds. You literally
Speaker 1: have to be in the weeds. But I would imagine
Speaker 1: you some you have to take yourself out to get
Speaker 1: the macro perspective. You're in the micro perspective with individual
Speaker 1: stocks and investments, but then don't you have to get
Speaker 1: to the macro perspective of the state of the world
Speaker 1: and what trends are and the highs and the lows.
Speaker 1: I think that when I step aside from the day
Speaker 1: to day grind, I find out what's going on away
Speaker 1: from me in a way that is joyous. I mean,
Speaker 1: we will probably be talking. I can envision being with
Speaker 1: my fabulous mother and father in law and then asking
Speaker 1: me about what I think about Biden and the environment,
Speaker 1: and I will say I don't know. I mean, I'll
Speaker 1: tell you this box of so and so, no being
Speaker 1: saving trees, getting the ocean clean. Things I really care
Speaker 1: about that I don't think about because they seem to
Speaker 1: not be important to my day to day but are
Speaker 1: so important to the earth and you and I know
Speaker 1: we have to do something about. My question is what
Speaker 1: is your personal relationship to money, Like growing up, how
Speaker 1: did you financially grow up? Did you have money noise anxieties?
Speaker 1: Your parents have money, noise, anxiety. They's still a work ethic.
Speaker 1: You have to make money and be successful. What is
Speaker 1: your background and relationship with money? I think there was
Speaker 1: a clock. It was one of those old fashioned clocks,
Speaker 1: little rounded thing was on the bureau in my parents bed,
Speaker 1: and it was a war zone. It was a war
Speaker 1: zone because there was a ten underneath it or five.
Speaker 1: My father, when he left the five knew that he
Speaker 1: couldn't make ends. Me and my mom would have to
Speaker 1: buy chop sterling for every night, or hot dogs. The
Speaker 1: ten meant that we could have steak in chicken. In
Speaker 1: the battle over the five versus the ten was horrendous.
Speaker 1: One every day we heard it. It depressed us, but
Speaker 1: we realized what it was about. It was about my
Speaker 1: father coming home having sold no boxes and bags. He
Speaker 1: was selling, He sold games, he sold carpet, then he
Speaker 1: sold boxes and bags for retailers. And when he came
Speaker 1: home and went right into his bedroom and slammed the door,
Speaker 1: my mother would say, go do your homework, and we
Speaker 1: would say what happened, and she would just say, go
Speaker 1: do your homework. And that meant that my father had
Speaker 1: no sales. And when we watched Death of a salesman
Speaker 1: as a family with late v Jacob. It was embarrassing
Speaker 1: because he had the same route that my father had,
Speaker 1: the exact same route, and just to be shut out,
Speaker 1: to come home and have nothing that day, nothing to
Speaker 1: bring home the five star Philadelphia bulletin, but no worders
Speaker 1: meant the five er was gonna be underneath the clock
Speaker 1: and the war would start again and again and again. Wow.
Speaker 1: So that's like real serious motivation. So you kind of
Speaker 1: had no choice but to go make money. You're in
Speaker 1: a figure out a way. I said, that's it. I
Speaker 1: am not gonna let this happen to me. I have
Speaker 1: a single minded goal to be rich. The point that
Speaker 1: my mother was repulsed. My mother, mother was dying of
Speaker 1: cancer in she said, who have you? What have you become?
Speaker 1: You're an artist, you were a writer. Who are you?
Speaker 1: Who are you at Goldman Sex? Who are you to
Speaker 1: talk about how much money you made at the dinner table?
Speaker 1: What's happened to you? And I said, Mom, I'm not
Speaker 1: fighting over the five or ten. I don't want to
Speaker 1: fight over the five or ten. Wow. So but so
Speaker 1: so many people want to be rich. So you went
Speaker 1: to a good school, You went to Harvard, So you
Speaker 1: were smart. So somebody wants to be rich, how do
Speaker 1: you tell people to go do it? And I don't
Speaker 1: mean what you do for a living, but is the
Speaker 1: mindset and the journey and the approach. All right? My
Speaker 1: father was a salesman, and I said, I want to
Speaker 1: get rich. I had lived in my car. That was
Speaker 1: an unfortunate time when I was a homicide reporter. We
Speaker 1: can go there, but where I really realized I need
Speaker 1: to get rich. But I I envisioned myself on a
Speaker 1: trading desk initially when I went to Goldman Sacks after
Speaker 1: Harvard Law. And then I realized, now I'm gonna be
Speaker 1: like my dad. I'm gonna be a salesperson, but I'm
Speaker 1: gonna be successful as a salesperson. Not to show my
Speaker 1: dad was still alive. It was still alive at the
Speaker 1: time that he didn't know what he was doing. But
Speaker 1: to show him that he put me on the right path.
Speaker 1: I just figured out how to do it. I read
Speaker 1: every one of those books about how to be a salesperson,
Speaker 1: every one of those those seal belt books, and they
Speaker 1: just told you how to have confidence. I've had Deale
Speaker 1: Carnegie for having say, um, I how to have confidence,
Speaker 1: how to cold call, how to not be rejected, how
Speaker 1: to not feel rejected, how to make it so that
Speaker 1: when you said absolutely not, that meant maybe. Um. And
Speaker 1: then I taught sales at Goldman and sales is being relentless. Uh.
Speaker 1: There was a character Bud Fox in movie Wall Street.
Speaker 1: The person who did the movie interviewed me extensively. I
Speaker 1: brought flowers to the secretaries who were the gatekeepers. I
Speaker 1: endlessly flattered people when I found out their birthdays. I
Speaker 1: was relentless. You could not turn me down, and I
Speaker 1: got the order. So it was all about getting the order.
Speaker 1: And then later on I taught it, and then I managed.
Speaker 1: I managed the money because I had knocked on enough doors.
Speaker 1: And then you know, when I saw I would go
Speaker 1: to town small towns, uh binghamton Um, you know, towns
Speaker 1: like Chemung, Chamung County where you know, you know, because
Speaker 1: where Mark Twain lived, and I would go and look
Speaker 1: at the obituaries in the local paper, see who died,
Speaker 1: who might have been wealthy, and wait a few weeks
Speaker 1: and then called wow to manage the money. Here's what's interesting,
Speaker 1: because I talked about this so much. Here for people
Speaker 1: who want to figure their way out. What's interesting is
Speaker 1: that every person who's successful, no one's bringing up bells
Speaker 1: and whistles or new things or Instagram or filters or
Speaker 1: any bullshit. Everybody brings up old school hard work. You're
Speaker 1: talking about Dale Carnegie. You're talking about stuff that fifty
Speaker 1: years ago. If you if your dad had taken five
Speaker 1: courses and done sales in a different way, he would
Speaker 1: have been rich. So you're taught. Everybody. Everybody has these
Speaker 1: tools that you're talking about, which are just set yourself
Speaker 1: up for success. And what I always say is everybody's accessible.
Speaker 1: You can find a way to get to somebody. It's
Speaker 1: the way that you do it. If you're talking about
Speaker 1: the flowers the birthday for me, it was cookies. For me,
Speaker 1: it's connecting, follow up email, finding way in through the garage.
Speaker 1: So I like what you're saying because it's comforting two people,
Speaker 1: and to me to tell people you could be sixty
Speaker 1: five and be successful. Now. You don't have to be
Speaker 1: a young kid who's a gen Z or a millennial
Speaker 1: that you knows all these tricks, because tricks will not
Speaker 1: make you. Tricks might get you in the door, Tricks
Speaker 1: might be getting on TV. But you will not be
Speaker 1: really successful unless you have these old school principles. So
Speaker 1: I appreciate you saying that, because that's what people need
Speaker 1: to hear, and it's the truth. But then you've come
Speaker 1: up with things brilliant, things skinny, brilliant, but it's an
Speaker 1: extension of how hard you were. It was not something
Speaker 1: that you woke up and said, I've got it, Eureka.
Speaker 1: How many Mark Circer works other I don't even if
Speaker 1: you want to be Mark Circer wroop, although I found
Speaker 1: a lighter side of them. Believe it or not, it
Speaker 1: is absolutely great to be a SANBC disruptor where you
Speaker 1: have come up with something that basically makes something else
Speaker 1: just say irrelevant, obsoleted. But how about just getting up
Speaker 1: really early, setting the alarm early, practicing, looking in the
Speaker 1: mirror about how you're going to handle the jetten, and
Speaker 1: just doing it with a smile, Start on the thirty
Speaker 1: floor of a thirty story building, and knock on every
Speaker 1: door that had anything like equity, anything like lt D.
Speaker 1: I didn't invent a thing, you executed. You executed. You
Speaker 1: brought up Mark Zuckerberg. And let's pretend that the wink
Speaker 1: of us twins did have that idea, why the way
Speaker 1: I live next door to me that they're really nice,
Speaker 1: but they didn't execute the way he did. He's Mark Zuckerberg.
Speaker 1: So like the Skinny Girl MARGARITEA was a great idea,
Speaker 1: don't get it twisted. It was a great idea, but
Speaker 1: it was the execution. Five. If I gave that idea away,
Speaker 1: who cares? It was the execution. I almost failed fifty times.
Speaker 1: We didn't have glass, we didn't have a gove like.
Speaker 1: It was a pain in the ass, but I had
Speaker 1: to just jam it through. Like you're talking, I didn't stop.
Speaker 1: I was relentless. So you're talking about old school principles.
Speaker 1: It wasn't that I had the best graphic designer to
Speaker 1: put up a post. We didn't even post then. So
Speaker 1: that's interesting. So you're, um, you've obviously had successes and
Speaker 1: you've definitely had failures. So what has been your biggest
Speaker 1: success and your biggest failure, your biggest hit, and your
Speaker 1: biggest shame in your career? Okay, that's good, that's good.
Speaker 1: My biggest failure in life. I remember Karen asking me
Speaker 1: what was my worldview? Uh? And I didn't know what
Speaker 1: worldview meant? And she said, idiot, what do you think
Speaker 1: is gonna happen over the six and nine months? I said,
Speaker 1: how do I know? She just watch your job, got
Speaker 1: envision and then you can pick stocks for six to
Speaker 1: nine months. But if you don't have a world view,
Speaker 1: you're clueless. I don't want to deal with someone clueless.
Speaker 1: And she used to leave me things in research, like
Speaker 1: page twenty nine. It would say, meet me at uh
Speaker 1: Texarcana tonight. Well, you know, when you're young and in love,
Speaker 1: it's dying. Oh white wow. But you had the capability
Speaker 1: to listen to know what you didn't know. In business,
Speaker 1: you need to know what you know and know what
Speaker 1: you don't know. I mean, there's so much that I
Speaker 1: don't know, and I don't know that I have a
Speaker 1: big world view either. I know what I know, but
Speaker 1: I look around for other people. I just do what
Speaker 1: I know. Are you secretive about your own personal investments? Like?
Speaker 1: Do you? In other words? You know when I was
Speaker 1: a kid, I grew up at the race track, and
Speaker 1: if I because I had had a family of horse trainers,
Speaker 1: and if I would go up to the betting window,
Speaker 1: people would want to bet when I was betting, so
Speaker 1: and that's a responsibility and obviously you're telling people, but
Speaker 1: are there's some things you keep for yourself because they're
Speaker 1: risky or you don't want to tell people. Are you
Speaker 1: totally transparent about how you're investing? How does that work?
Speaker 1: I'm totally transparent because I'm not allowed to invest. I
Speaker 1: can't own anything, so yeah, I mean you're not allowed
Speaker 1: to invest in anything. Personally. I never, I've never thought
Speaker 1: of that. Sorry if that makes me stupid, I literally
Speaker 1: know it's okay. Most people think that I'm secretly investing.
Speaker 1: If you don't listen to John Stewart, you thought I
Speaker 1: was secretly, Oh no, I literally never. I don't know
Speaker 1: this world that openly. And when I buy a house,
Speaker 1: I tell people, and you know, I am happy to
Speaker 1: tell people because I'd like to think that I know
Speaker 1: what's right. But I don't want anyone think that I
Speaker 1: take advantage of my show to make any so I
Speaker 1: don't earn anything. Well, this is fascinating. You think you
Speaker 1: would have made more money in the market or in
Speaker 1: television if if you had, if they were, you know,
Speaker 1: too much more money in there. That's what I think.
Speaker 1: That's so interesting. Never be able to even come nearer
Speaker 1: but I used to make every year. Then why did you?
Speaker 1: Why do you love doing the television so much? If
Speaker 1: it's got so much risk, personal, public scrutiny, risk, and
Speaker 1: you wanted to be rich that was your goal. That's
Speaker 1: so interesting to make. I got rich. I got to
Speaker 1: where I had. I promised my mom on a deathbed
Speaker 1: that when I got there, i'd stopped and go be
Speaker 1: an artist, Go be a writer. And I write every night.
Speaker 1: I write about seven thousand words at night. I do it.
Speaker 1: My mom would have loved it. She would have said, Jimmy,
Speaker 1: Jimmy got to where he had to go with the money,
Speaker 1: and he went back to who he really was, which
Speaker 1: was an entertainer who tries to get people to own
Speaker 1: stocks and learn how to do it. I fulfilled my
Speaker 1: father's vision of making a killing, and then I fulfilled
Speaker 1: my mother's vision of once I had made the killing,
Speaker 1: of doing something good, given money away, being really societal
Speaker 1: and trying to change things. At this point, it's E S.
Speaker 1: G is holding feet c CEOs to the fire. What
Speaker 1: are you doing about the environment, What are you doing
Speaker 1: for quality? What are you doing from inclusion? So I've
Speaker 1: satisfied both my mom. Okay, do you still get nervous
Speaker 1: about things you're telling people to invest in and like
Speaker 1: the roses and the thorns, like the things that are
Speaker 1: gonna work at aren't And what percentage? What percentage do
Speaker 1: you right and wrong? Well, you know, I have taken
Speaker 1: big themes, and my biggest theme is I created an
Speaker 1: acronym called fang and I have urged everyone since Facebook
Speaker 1: came public and went to eighteen to own Facebook, tone
Speaker 1: Amazon for since I don't know, for seventeen years, to
Speaker 1: own Netflix when I first watched Netflix and it was
Speaker 1: just gets tone. Google the day came public at eighty
Speaker 1: eight to recommend Apple a five. And those are my
Speaker 1: core principal stocks. And I returned to them and returned
Speaker 1: to them, and people say they're boring, Jim, That's all
Speaker 1: you do is return to them. I say, go to
Speaker 1: hell the right and then periodically all of others like
Speaker 1: in video that really are terrific, and then I'll make
Speaker 1: forward right now. Then I'll make a lot of mistakes.
Speaker 1: But the fact is is that my core stocks, Uh,
Speaker 1: if you bet against me, you were crushed always the
Speaker 1: little people on Twitter, so oh, I took the other
Speaker 1: side of a Kramer said their chowder heads and sunshine nothings,
Speaker 1: And I don't mind calling them out because I'm from
Speaker 1: Philadelphia and I just don't care. I come right back
Speaker 1: at you, just like everybody in Philly. We come right
Speaker 1: back at you. So don't you dare come into our zone?
Speaker 1: Don't you dare? Is your investment style, if your personal
Speaker 1: investments that would be conservative or aggressive? Oh? Conservative? I
Speaker 1: mean I'm I I think that give it my age.
Speaker 1: I can't afford to be aggressive anymore. It's too risky.
Speaker 1: I got a wife, I've got kids, I've got responsibilities.
Speaker 1: I don't want them. I don't want to make it
Speaker 1: so that they have so much money that they don't
Speaker 1: they don't look. I want them to fight over the
Speaker 1: fifth year of the hundred, over the under the clock,
Speaker 1: not the five or the ten. But I want them
Speaker 1: all to work hard, and I want them all to
Speaker 1: to realize and get the pride of work. But I
Speaker 1: also meant at the age where it would really be silly.
Speaker 1: As I used to tell people at Goldman Sacks, you
Speaker 1: only need to get rich ones. That's so true. And
Speaker 1: where where are you on shorting stocks in your mind?
Speaker 1: Like as a principle, is that don't is that that
Speaker 1: in the don't pass line? I mean, look at this
Speaker 1: game stop. If you had shorted that, you wiped out AMC.
Speaker 1: Now now it's shorting is too risky for for the
Speaker 1: people who who watched my show, But what about just
Speaker 1: any person? Just no, you're not a fan of shorting
Speaker 1: stocks because it's unlimited losses and it's arrogance to some degree.
Speaker 1: You think you're smart in the market, and there are
Speaker 1: things obviously that are frauds, but you better have your
Speaker 1: your you better really have it down. And for my audience,
Speaker 1: that's too hard. It's not fair. Okay, what percentage are
Speaker 1: you lucky? We're percentage smart? Well, first of all, it's
Speaker 1: better to be lucky than good. Okay, but what are you? Oprah?
Speaker 1: Once they asked me to come on her show and
Speaker 1: talk about how lucky it was. And I get up
Speaker 1: between three thirty four every day to study, and I
Speaker 1: studied to a webin at night in between shows. I
Speaker 1: do it so I can be better than everybody else.
Speaker 1: I can't always, but my homework is my craft, and
Speaker 1: my craft gives me confidence, and my confidence makes me
Speaker 1: be a lot more right than well, it's amazing and
Speaker 1: people must come up to you on the street forgetting
Speaker 1: just being famous, telling you their personal stories about I
Speaker 1: invested this in this and I bought a house or
Speaker 1: love it, Oh you do love it. It It happens a
Speaker 1: lot right up to me last night at dinner saying
Speaker 1: that she had basically I made a ton of money
Speaker 1: watching watching the show, wanted to thank me, and it's
Speaker 1: very grateful. Just had done quite well in life by
Speaker 1: watching the show, and I was thrilled. I get a
Speaker 1: lot more of those, and I get people who like
Speaker 1: the people who hide beyond whatever silly moniker they have
Speaker 1: on Twitter, who say I am an idiot because I
Speaker 1: recommended Apple and I went from one. So yeah, I'm
Speaker 1: proud of that. I've made a lot of people out
Speaker 1: of money. And you could say, well, it's anecdotal, but
Speaker 1: after sixteen years it's empirical, or I wouldn't be one
Speaker 1: right in the hook. No one's been able to really
Speaker 1: duplicate it, which is really interesting because everything is a remix.
Speaker 1: So what is your personal family life like and how
Speaker 1: do you try to be present in that and be
Speaker 1: so connected to what you're doing, and how does it
Speaker 1: all fit have a split family. I think it's been
Speaker 1: as good as it can be. Obviously, nobody gets married
Speaker 1: to get divorced. We all went together to St. Lucian
Speaker 1: for Christmas vacation. I had a great time my ex wife,
Speaker 1: my wife, her ex husband, their kids, my kids, they're
Speaker 1: significant others, and it was an amazing time, a time
Speaker 1: where we do things together. This is our third time
Speaker 1: doing it. And uh, you want everyone to get along.
Speaker 1: You can't always because obviously there were reasons why you
Speaker 1: got divorced. But I would say one of my four
Speaker 1: or five best friends is my wife's ex husband. Wow,
Speaker 1: that's nice. I think he's a sensational guy. Bill. Oh,
Speaker 1: you're current your's your second marriage and your current wife's
Speaker 1: ex husband. And so you're good at blending. You're good
Speaker 1: at blending, you're good at into personal relationships. It sounds well, yeah,
Speaker 1: how can you not be? Bill is fantastic, And um,
Speaker 1: I remember our we had a we had at our wedding.
Speaker 1: My sister said, look at those two. Those two are
Speaker 1: having the greatest time. I want to meet them. I've
Speaker 1: never seen my sol. I'll bring him over. And she
Speaker 1: said to Bill, she said, wow, you are having the
Speaker 1: best time. What's your relation? Why are you here? And
Speaker 1: Bill said, oh, I'm the d my boy. That's my
Speaker 1: ex wife out there. And my sister said, you're at
Speaker 1: your ex wife wedding and he said, I wouldn't miss
Speaker 1: it for the world. That's beautiful. So you're doing something right.
Speaker 1: How much to their kids love that. I'm hoping to
Speaker 1: go voting with him this weekend. I just got my
Speaker 1: wife and new whaler. Uh we go out Father's Day
Speaker 1: for our son, who loves that. I do call him
Speaker 1: our I know he's my stepson, but I love him
Speaker 1: to death. I love his sister to death. They are
Speaker 1: the greatest. They treat me so well. It always gives
Speaker 1: me puts me a smile on my face. I want
Speaker 1: my kids. You know my kids are you know, they're
Speaker 1: not as as contibual. Um, but they had a great
Speaker 1: time on the on the trip, and I own a
Speaker 1: couple of restaurants and they both like to go by
Speaker 1: the restaurants, which is fantastic. But my my oldest teaches
Speaker 1: English and Madrid, so you don't get to see him
Speaker 1: nearly as much as i'd like. Well, um, I've had
Speaker 1: many different people on here that are very successful. Well,
Speaker 1: the metric here or the sort of filter is to
Speaker 1: have started from the bottom and be here in your
Speaker 1: own non traditional way. Uh. And I'm really proud of
Speaker 1: the people because it's like I've kept it really tight.
Speaker 1: I want like people with stories like yours. But I
Speaker 1: also ask these very successful people who are often married
Speaker 1: or in relationships with other successful people. So we talk
Speaker 1: about successful relationships. So just because your divorce doesn't mean
Speaker 1: you're not you know, you don't have to have a
Speaker 1: successful relationship. So what does a successful relationship require? Does
Speaker 1: it require along leash? Does it require total acceptance? Does
Speaker 1: it require Uh? If it's important to you, it's important
Speaker 1: to me. What are your what's your prescription for that?
Speaker 1: If you have one? Obviously that's in love. But there's
Speaker 1: that goes without saying space space age. I never sold
Speaker 1: my house, She never sold her house. Monday nights and
Speaker 1: Thursday nights are nights with my kids or with my
Speaker 1: butts always since the day we met? Interesting and when
Speaker 1: was that? How long ago is that? To this? Five? Okay?
Speaker 1: He Um is with her girlfriends. She has her group.
Speaker 1: I love them. I have my group, she loves them.
Speaker 1: But I have my time and she has her time.
Speaker 1: We are never on top of each other. We are
Speaker 1: people who give the other person the opportunity to lead
Speaker 1: their lives as they were before, as they always wanted.
Speaker 1: And when you take that out of the equation, they're like, hey,
Speaker 1: I don't get to spend any time X or go
Speaker 1: to the ball game. Why your love life is is
Speaker 1: enhanced from mattath Okay, I want to say something to you.
Speaker 1: This is the secret that no one talks about. This
Speaker 1: is the secret that no one's telling young people getting
Speaker 1: married because I'm now asking every person on here who's
Speaker 1: successful and has a major career, So that makes it
Speaker 1: more challenging because they're divided. And I'm telling you this
Speaker 1: this long leash and space concept where there are different quadrants.
Speaker 1: So I'm with my daughter, then I'm with my fiance alone,
Speaker 1: then we're all together with all the kids, and then
Speaker 1: he's buying himself with his Like there's quadrants and it's
Speaker 1: a dirty secret that no one wants to say. People
Speaker 1: need space because when you get together, you become one person.
Speaker 1: You're almost codependent. What are we doing? What are we
Speaker 1: doing for dinner? What are we doing this weekend? And
Speaker 1: you feel like it's wrong if you don't want to
Speaker 1: do something, and you want the other person to be
Speaker 1: what you want them to be. I'm if you're with
Speaker 1: somebody who's the boring one and you're the crazy one,
Speaker 1: you look at them like, why are you boring? I
Speaker 1: can go find excitement on my own, with my own
Speaker 1: other quadrants. So what you're saying is super important and
Speaker 1: no one talks about it. My wife loves to go
Speaker 1: to Quog little town, uh long On and I garden there.
Speaker 1: I love it. It's terrific. I love the Philadelphia Eagles,
Speaker 1: you know what I mean. I just love them like always.
Speaker 1: I mean, it doesn't matter. And I go to those
Speaker 1: games and no one's gonna stop me. I never missed
Speaker 1: the game. She gets to go to Quog. I get
Speaker 1: to go to my games. I love it when she goes.
Speaker 1: But if she doesn't, I understand. And I'm with my
Speaker 1: I'm with my friends, and that space is so important.
Speaker 1: Everyone told me i'd sell my house. Everyone told her
Speaker 1: she she would sell her house. We kept our houses.
Speaker 1: We know where to go and we have I mean, look,
Speaker 1: everyone's going to say, well, this is ridiculous, but it's true.
Speaker 1: We don't fight. Well no, but Jamie, uh Jamie Simonov
Speaker 1: who created the ring told me they don't think about
Speaker 1: the optics of their relationship. They don't think about what
Speaker 1: it's supposed to be, whether she's traveling, he's traveling. So
Speaker 1: that's what you're saying. So I literally, I'm going to
Speaker 1: write this whole recipe book on this successful relationship thing
Speaker 1: because I think I'm onto something here. I'm learning so
Speaker 1: much and it's all different. It's as non traditional as
Speaker 1: the way that you came up in business and as
Speaker 1: how you make your limits. Oh, you have to do it.
Speaker 1: I cannot wait to see my wife on Tuesday night.
Speaker 1: I don't get to see your mind tonight. But if
Speaker 1: she ground you, if she ground you into being with her,
Speaker 1: you would not feel that same way. It would feel
Speaker 1: like an albatross. And I get what you're saying completely.
Speaker 1: So I love this. This is good. This is amazing.
Speaker 1: Take away. We went to a dinner uh and Mark
Speaker 1: Bennie Ops. It was a terrific businessman built salesforce. Uh.
Speaker 1: It was late lunch and we had to go around
Speaker 1: the room and it was all his board and a
Speaker 1: lot of famous people including say Tony Robbins was there,
Speaker 1: you know. I mean, guys, it's more people, and they
Speaker 1: went around the room and had to say what they were,
Speaker 1: and uh, they we're all, I mean, there wasn't this
Speaker 1: person that wasn't a Titan. And they get to my
Speaker 1: wife and my wife says, I'm the CEO of this
Speaker 1: guy and she points to me. Brought the house down,
Speaker 1: but true, he's the CEO of me. And she pencils
Speaker 1: me in to be with friends on Monday night and
Speaker 1: Thursday night. Fascinating. You're amazing. We've had some great people
Speaker 1: on here, you Hallary Clinton, Chelsea Handler, Matthew McConaughey. People show.
Speaker 1: I mean, it's blowout. So I'm honored to be in
Speaker 1: your show. It's just total blowout. Thank you. I know.
Speaker 1: I'm trying to keep it like lean and and on
Speaker 1: brand And if you know anybody who you think is
Speaker 1: should appropriate to be on the show. You know, we've
Speaker 1: even had but it's not all famous people. We've had
Speaker 1: the guy from General Catalyst, people that you would know
Speaker 1: of that other people wouldn't know. The guy who created Kind,
Speaker 1: Daniel Lebski, so, oh my god. Kind. The CFO was
Speaker 1: that we hand the department. Uh, my wife lost real
Speaker 1: estate and the CFO was from Kind and I said,
Speaker 1: pay let us, please, let them pay us in kind.
Speaker 1: I want stock and said, no, you don't do that,
Speaker 1: it's real estate. I didn't know. I want chair, so
Speaker 1: I want points in kind. She said, Now he really
Speaker 1: doesn't want to do that. What a company? Crazy? But
Speaker 1: I mean crazy. So if you know anybody, throw them
Speaker 1: over here. If you've somebody who's start, you know, I'm
Speaker 1: molling right now. I know what you mean. Titans like
Speaker 1: you just said, tighten your shows about people having within
Speaker 1: themselves success well, and and everybody likes coming on here
Speaker 1: because I don't. I'm not asking you to talk. You
Speaker 1: can talk whatever you want. I'm not asking about scandal.
Speaker 1: I'm not trying to got you. I want to understand
Speaker 1: who you are, how you did it, how you think,
Speaker 1: what your father said, what your mother said, which you
Speaker 1: really It's just a real conversation. So I'm obsessed with this.
Speaker 1: I love it. So if you think of anybody, let
Speaker 1: me know. But you were amazing and your time is
Speaker 1: obviously so valuable, and I hope you have the best vacation. Well,
Speaker 1: thank you for coming on and have the best time
Speaker 1: on your vacation, and say hello to your family the best.
Speaker 1: Thank you so much. Awesome, great, that was Jim Kramer.
Speaker 1: That was interesting, that was different, That was telling I
Speaker 1: love guests who are willing to completely reveal themselves, tell
Speaker 1: personal information, insight just to help you. I thought it
Speaker 1: was really a special conversation. And I just every day
Speaker 1: I learned something here and I just sit down, I'm like,
Speaker 1: all right, what's this conversation going to actually be like?
Speaker 1: And then it goes on this journey and I end
Speaker 1: up really becoming alive and just electrifi. So it always
Speaker 1: motivates my day to have his awesome conversations. Thank you
Speaker 1: for listening, Grate, review and subscribe. I appreciate you. Just
Speaker 1: Be is hosted an executive produced by me Bethany Frankel.
Speaker 1: Just Be is a production of the Real Productions and
Speaker 1: I Heart Radio. Our Managing Producer is Fiona Smith and
Speaker 1: our producer is Stephanie Sender. Our EP is Morgan Leavoy.
Speaker 1: To catch more moments from the show, follow us on
Speaker 1: Instagram and just Be with Bethany