Mad Money 08/10/26 | Audio Only

Jim Cramer delivers an autobiographical special episode of Mad Money, tracing his investing journey from childhood to Goldman Sachs. He imparts key lessons: start early, save consistently, research thoroughly, and diversify. Amid the personal stories, he offers actionable views favoring utility stocks and recommending S&P 500 and Vanguard total return index funds for long-term investors. - Cramer recounts how he became fascinated with stocks as a child by tracking newspaper stock tables. - Stresses the importance of starting to invest early and saving money no matter one's circumstances. - Advocates thorough research, knowing what you own, and using catalysts for trading ideas. - Shares the value of letting long-term investments run and not turning them into trades. - Tells caller Dave to favor utility stocks for their potential multi-year goodness. - Advises caller Michael to use S&P 500 fund and Vanguard total return fund for children's long-term inheritance. - Emphasizes dividend reinvestment plans (DRIPs) as a powerful wealth-building tool. - Highlights the need for diversification from his early experience with oil stocks crashing.