Jim Cramer breaks down why investors should listen and believe in what executives say about their companies.
"When someone shows you who they are, believe them; the first time," Dr. Angelou once said.
"To put it as bluntly as possible: When a CEO tells you that business is bad, take their word for it," the host of CNBC's "" said. "Don’t try to make excuses. Don’t bend over backwards finding justification so you can keep owning the stock of a company that’s not delivering. Just get the heck out, at least until the smoke clears and you can better assess the damage.
So don't be too cynical. Like the rest of Angelou's quote says, "People know themselves much better than you do. That’s why it’s important to stop expecting them to be something other than who they are."After more than 30 years of investing, Cramer knows how difficult it can be to put together a great portfolio and follow his many investing rules at the same time.
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