Ideology won't make you money

When you are blinded by your agenda, you risk being blind to opportunity.

By Jim Cramer Oct 25, 2011 8:30AM

the streetIdeology is a killer in this business. Ideology meaning that there's an agenda behind what people are saying, an agenda that might be keeping you from making money.

 

Take Europe. How many times have you heard that Europe is going to take us all down? There's ideology behind that statement. The ideology is that the social democrats are going to wreck the world and that we can't afford to have a European welfare state.

 

Or how many times have you heard the debate about how the economy is stalled because there's too much regulation? That's the laissez-faire ideology rearing its head. Or how about how the market is stalled because there's no demand? That's the "absolve the liberalism of Obama from the problem" issue.


Let me tell you something. I don't care about ideology. I care about making money. I am not heartless or oblivious, but my politics and my ideology should be of no interest to you.


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Let's face it, if you get lost in the political debates, you can't observe the positives or negatives correctly. For example, we can debate forever what Europe can do, but as long as the debate is forever, then we have a fighting chance to work our way out of the jam. The long debate has allowed banks to reposition themselves to have less exposure. It's allowed policymakers to have a chance to craft some thoughtful solutions. It gives them a chance to raise money.


As far as the demand-supply situation here, I don't care who is to blame. I just care about how we are really doing, and it seems like we are doing pretty darned well. If you get too mired in the debate over unemployment, then you missed this remarkable retail and restaurant rally. Get too caught up in Tea Party versus Occupy Wall Street, and you missed the seasonal tech bottom. You hate Obama too much or get too furious at Republicans, and you don't see rallies in transports, including stocks like UPS (UPS), which called out the toxic politics in our country.


I understand the need to talk and debate ideology. I care about taxes, and I care about energy and health care policy. But my real issues are trying to figure out what companies are going to earn, how well they are executing and how much we should pay for those earnings and that execution.

Ideology just blinds me. It makes me less rigorous, not more rigorous. It makes me worse at my job. So I save it for talk at home or with my buddies at the Elks or with my dad. Not here. I just can't let it cloud my judgment. It's too costly for all of us.

At the time of publication, Cramer was long UPS.


jim cramer
Jim Cramer
is a co-founder of TheStreet and contributes daily market commentary to the financial news network's sites. Follow his trades for his charitable trust.



14Comments
Oct 25, 2011 12:00PM
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Honest reporting from the media is hard to find. Political hacks abound at cnbc (kiernan,sorkin,cabrerra,kudlow) and try to influence the audience with their own agenda. These shills will say anything to keep their high paying jobs and care little for us small investors trying to stay afloat in a sea of snake salesmen. Avoid the crooks and seek out unbiased reporters. Buy American and support our Troops.
Oct 25, 2011 11:34AM
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my idealogy makes me plenty and part of my regimen is to debunk you and SHORT you 

 

why didn't your "rigor" alert us to netflix?

 

cnbc was average this morning without you which is a huge improvement

 

how did you EVER get the idea that you are so great?

Oct 25, 2011 3:39PM
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Best money is made by the mutual fund managers,stock brokers,media shills,banks,flash traders,madoff look alikes,insiders,etc etc etc. Beating a rigged game is very difficult. Keep making noise and maybe someone will go to jail and scare the rest of the devils.
Oct 25, 2011 3:30PM
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how can cramer or anyone else pick an individual stock with any predictability?

you can do like cramer and do homework and rigor only to find out the books are cooked or the ceo had an affair ect etc..............using technical analysis and etf's gives you a fighting chance...........doing like cramer gets you a bushel of gap down surprises

Oct 25, 2011 4:21PM
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CNBC bring back Erin and find her a decent partner along the lines of Mark Haines - this guy demeans your network and makes you all look like chumps !

 

@AtWake Up Now - I couldn't agree more!!!

Oct 25, 2011 5:34PM
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you won't find another haines because all today's males are dumbed down by political correctness.....haines was old school....tough and savvy......pc couldn't touch him

 

just get rid of the shyster and his talk over everyone ego

 

oh yeah .....cramer missed warning us about amazon.......no that's right he did warn us

by shouting buy buy buy how bout that tech rally

Oct 25, 2011 5:45PM
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Surprised Don't be blind of the opportunity to bail out while the going is hot?Disappointed
Oct 25, 2011 4:32PM
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Try wearing a bow tie sometimes. ps I am buying long and find your suggestions valuable.  Why don't we start a stock which bets on state politicians and how they vote.?What do you think?

Have a nice day.

jerome

Oct 25, 2011 1:14PM
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0( bgdog) sorry people but (slt) has a copper mine near dudleyville, so I assummed it was a USA co tells you what I no   ,,, hasusta lavista baby

Oct 25, 2011 3:19PM
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My best pick has been psmt. I think they will cover up south america with stores and should do well. I started in the the 20s and have bought dips since.Hope it splits soon and will continue on.
Oct 25, 2011 12:38PM
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Hey , people, jimmy is jimmy, but I bought (slt) yesterday,@ 9.49 , I feel anything below 10 is a good deal . What do you think( bgDog)?         ... ps   talk ,talk, talk , is just that ,, work work work , is just that , the word pension pisses me off  . from a ditch digger from dudleyville az   , hausta nunca ,,and I am grengo , go figure
Oct 26, 2011 1:22AM
Oct 25, 2011 3:47PM
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    Your thesis is loony.  People are worried about Europe because it is a real financial problem that could collapse the EU, the Euro, and the global economy.  There's no ideology behind it all for most people that understand the problem.

 

 

The long debate has allowed banks to reposition themselves to have less exposure. It's allowed policymakers to have a chance to craft some thoughtful solutions. It gives them a chance to raise money.

 Rubbish.  The banks are just as exposed as ever and are poised to be even more exposed with the EU bailout plan.  Policy makers haven't crafted anything.  They can't even come to an agreement on policy yet.

 

 

    When you write crap like this Mr. Cramer it's difficult to take you seriously anymore;   You are like a carnival barker for the stock market insiders- you pump it  and they dump it; however what really disgusts me is that  I know you are going to hurt people financially in the future because  when the EU and the euro are about to collapse you'll still be writing garbage  like this trying to get people to dump their money in stocks.  

Oct 25, 2011 9:59PM
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So, you have just declared that you don't care about anything else but your profit... I think that, this is exactly the type of ideology that is the biggest problem with our country.
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