Jim Cramer: Hardest Investing is Holding
on Saturday, June 30, 2018Jim Cramer Money Quote saying investors need the discipline to hold through downturns so long-term gains can be realized. Jim Cramer said:
“The hardest part of investing is holding on through difficult periods and taking short-term pain so you can have long-term gains” — Jim Cramer
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In this quote, television personality and financial expert Jim Cramer is offering advice about successful long-term investing. He notes that the most challenging aspect is having the discipline to “hold on through difficult periods” when investments may be experiencing downturns or losses in the short run. Cramer suggests investors need to be willing to endure some “short-term pain” by not panic selling during volatile stretches.
The interpretation is that he believes only by maintaining a long-term perspective and not reacting emotionally to temporary setbacks can investors achieve the full “long-term gains” and returns that come from riding out market fluctuations according to his perspective expressed in this quote. Cramer appears to be emphasizing patience and fortitude as key to investing success over an extended time horizon.