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Duly Quoted: The Awesome Power of Jim Cramer
"I'm a kind of a televangelist for money."
-CNBC's Jim Cramer, in a Guardian profile. Elsewhere in the story, the Mad Money host says he was worried that his infamous "Wake up, Bernanke" rant had given him an aneurysm.
More highlights:
-On his unfortunate "Don't move your money from Bear" advice: "It would have been better if I'd said 'sell, sell, sell' -- that would have been a home run call. But it could have maybe wiped [the bank] out because some people say the show's that powerful."
-On the mortgage crisis: "The market was so out of control that it almost destroyed capitalism as we know it but these guys thought it was just fine because the market's never wrong. It's that hubris -- that belief in the market, that Ayn Rand Fountainhead nonsense that became our mantra in our country. It's embarrassing!"
-On being a Stalinesque boss: "I had a huge chip on my shoulder, I didn't have a lot of money. I felt that in order to get it right, we had to work 18 hours a day. I couldn't tolerate yawning, I couldn't tolerate sneezing because that meant somebody was going to be ill and off work."
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