Mad Money w/ Jim Cramer 6/29/26

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**Jim Cramer** (1:01)
My mission is simple, to make you money. I'm here to level the playing field for all investors. There's always a bull market somewhere, and I promise to help you find it. Mad Money starts now.
Hey, I'm Cramer. Welcome to Mad Money. Welcome to Cramerica. If you want to make friends, I'm just trying to make you a little money. My job is not just to entertain and educate, but I want to teach you and explain. And tonight, I'm doing it. So call me at 1-800-743-CBC or tweet me at Jim Cramer.
We too often invest for the day.
I always hear people talk about what's working at the moment. In the old days, when the great Mark Haynes ruled the mornings around here, I remember that each time I co-hosted, he would introduce me as Reverend Jim Bob from the church of what's happening now. It was fun back then. It seemed like everyone must run their own personal hedge fund. There was an understanding that a stock could be here today and go on tomorrow, and everything was fine. Everyone was fine with it.
Those days are over though. If you recommend a stock for a trade, even if you say, buy it today for the analyst meeting tomorrow, and then you sell, there will always be a video, a YouTube kicking around, shows you like the stock, but never gave the sell call.
So we've gone beyond that. We're all about educating you to be a better investor. The same thing we do every day at a higher, intense level at the CNBC Investing Club that I want you to join. Tonight, I want to introduce you to this concept that is so important, and it's called suitability.
Basically, what stocks fit you? What investments are right for you? Not for this week, not for this month, but for your age, for your temperament. I first heard of the concept of suitability when I was in training at Goldman Sachs for the group that helps small institutions and individuals. It's now called private wealth management. I've been buying individual stocks for myself and others for a half decade before I got to Goldman in 1983 as a summer intern.
At the time, I was watching Financial News Network between classes at Harvard Law School. That was the predecessor to CNBC.
Whenever I could, I'd run over to the Harvard Business School Library where they had all these old research reports from long-gone firms like Bayes, Sherson, Lehman about stocks totally on a catch-catch-can basis. Those of you who grew up with the internet have no idea how hard it was to access information in the 80s. If I liked a company, I would have to ask the librarian for a microfiche of the firm's SEC filies. I don't know, do they still have microfiches? These were little pieces of plastic that you stuck into a machine and you read the filies, all which were usually six months old by the time I got them. Everything I did back then is online now and instant and updated. The imperfections in the market back then were legion. Now, everyone can know everything, but more on that later tonight. I'd spend all week trying to find one stock that I thought would work, one stock that would be good for a week, where anyone who wanted to invest could take the idea. Then I changed my answer machine. Yes, my answer machine, another thing we got rid of. I changed the message to a 20-second wrap on the stock. Don't know answering machines? Can you imagine? Well, some company used to make them with all those jobs wiped out by your cell phone. Same with the answering services for that matter. Talk about jobs that aren't coming back. Anyway, I'd say, hi, this is Jim. I'm not here right now, but I like both the chart and the recent numbers from People Express. A long since bankrupt airline that I used to jet down to New York for job interviews. My best one, a recommendation for Monolithic Memories, a smoke show of a company with a red hot stock that was run by a guy named Zeve Drury, who two decades later helped save Tesla back when it was struggling during the financial crisis. He was the last CEO before Elon Musk. Anyway, Monolithic shot up like a rocket that we can only ended up being acquired by advanced micro devices at a very big premium. It was the best Cramer's not at home call this machine hit I had ever had. And believe it or not, Jim is not home, became a rallying cry for lots of people who were calling me back then, hoping I wasn't home so they could get the tip without having to interact with me.