Jim cramer what does booyah mean

But what percentage actually do that? He relentlessly tells viewers to take some profits when they have them, but many callers confess that they haven't done so. Cramer is walking a fine line. In creating a show "with all the excitement of sports," as he put it in his first book -- and all the hyperbole of a shopping channel -- he has made thousands of investors hot to trot for stocks.

Perhaps too hot. One key to the hyperkinetic Cramer's character -- and to his appeal -- is the use of the word all. Small word, huge meaning. Consider two crucial passages from Jim Cramer's Real Money.

In the book, Cramer correctly states that most financial-advice books seem unaware of readers' weaknesses. Then he writes: "All investing literature has one thing in common: It refuses to admit that great investing, long-term or short-term, has much in common, not with science or mathematics, but with gambling!

John Maynard Keynes wrote in , "The game of professional investment is intolerably boring and overexacting to anyone who is entirely exempt from the gambling instinct; whilst he who has it must pay to this propensity the appropriate toll.

So, in a single sentence, Cramer makes an interesting point but then torpedoes it with hyperbole. He also writes: "I don't know a soul besides me who thinks that speculating can be a handy tool on the road to riches. No one? Not a single hedge-fund manager? What about those huge long-term gains in Microsoft, Intel and Cisco that you wrote about in Confessions of a Street Addict? In all likelihood, Cramer isn't really trying to misrepresent anything.

He's simply a chronic exaggerator, an extreme personality who can't stand being wishy-washy -- or, heaven forbid, boring -- about anything. How well Cramer's style serves viewers is an open question. Repeating that constantly would not make for very stimulating TV. Note, however, that Roper says nothing about beating the market, which Cramer has done for most of his career. And that's important, especially in light of the ludicrously high failure rate of other market "gurus. It's all but impossible to get a handle on the success of Cramer's Mad Money picks.

CNBC claims that his recommendations did better than the SP , but there are problems with its methodology. In fairness, Cramer's performance has been hampered by what he calls "crippling" trading restrictions, including an inability to sell stocks short. These factors may explain part of the gap. But a close reading of Confessions of a Street Addict suggests that it was partly the trading skill -- and, often, the day-trading skill -- of his hedge fund that led to those big gains, as well the ability of the fund's managers to game changes in analyst recommendations.

So is Jim Cramer happy? It's hard to say. There have been reports that he and his wife have separated. But, professionally, he's a happy man. He's thrilled that his show is a hit and he loves doing it. But with Mad Money, he enjoys the best of both worlds.

Jim Cramer is a man on a mission. He sees himself as the financial world's version of Jack Bauer, the hero of the TV show Well, Jack Bauer survives no matter what his enemies do. And the same could be said of Jim Cramer. Andrew Feinberg is a Kiplinger's Personal Finance columnist and money manager. Skip to header Skip to main content Skip to footer. Home investing. Most Popular. Tax Breaks. February 25, Fans of financial advisor Jim Cramer's television program should recognize the exclamation Booyah as one of his most popular catchphrases.

Most callers to the show begin their conversations with this word, followed by a question concerning possible stock investments. Cramer himself claims that the craze started when an investor from Louisiana called into the show to praise him for a recent piece of good advice.

The caller's exuberant shout of "Boo-yah! The origins of the term are not exactly clear, but there are some interesting theories. Some sources say the expression started in Wisconsin, where there is also a casserole dish known as booyah.

Access insights and guidance from our Wall Street pros. Find the product that's right for you. That's a question you won't be asking anymore -- whether you're a fan of Jim's TV show, his videos, or both -- thanks to The Daily Booyah!

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