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Jim Cramer in his own words February 2000 on internet stocks:
https://www.thestreet.com/funds/smarter/891820.html
https://www.thestree
In the 2003 revised edition of Ben Graham's The Intelligent Investor (p. 16), the following appears, based on the foregoing Feb. 2000 pronouncement:
"In February 2000, hedge-fund manager James J. Cramer proclaimed that internet-related companies 'are the only ones worth owning right now.' These 'winners of the new world', as he called them, 'are the only ones that are going higher consistently in good days and bad.' Cramer even took a potshot at Graham: 'You have to throw out all of the matrices and formulas and texts that existed before the Web...If we used any of what Graham and Dodd teach us, we wouldn't have a dime under management.'
The book continues (footnote 7): "Cramer's favorite stocks did not go 'higher consistently in good days and bad.' By year-end 2002, one of the 10 had already gone bankrupt, and a $10,000 investment spread equally across Cramer's picks would have lost 94%, leaving you with a grand total of $597.44."
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