Today marks the 12 year anniversary of the Jim Cramer character on CBNC having his now-famous emotional breakdown on live TV. It’s worth listening to once a year to reflect on the extreme level of panic going on this day 12 years ago.

So, I have shared it below.

I was cool as a fan that day… my risk management methods were robust and I had developed the discipline to execute through it. Avoiding the waterfall declines and panic level losses has been the highlight of my experience so far.

I believe we’ll see another period like this and the next time, it could even be worse.

I also managed through the 2000-03 period well, too, by simply observing bonds were trending up as stocks were trending down, so I shifted from stocks to bonds.

As such, I’m prepared and as ready as I’ve ever been, and hopefully, my past experience of operating through the last two major bear markets will continue to compound my skill and discipline.


Mike Shell is the Founder and Chief Investment Officer of Shell Capital Management, LLC, and the portfolio manager of ASYMMETRY® Global Tactical.

Mike Shell and Shell Capital Management, LLC is a registered investment advisor and provides investment advice and portfolio management exclusively to clients with a signed and executed investment management agreement. The observations shared on this website are for general information only and should not be construed as advice to buy or sell any security. Securities reflected are not intended to represent any client holdings or any recommendations made by the firm. Investing involves risk including the potential loss of principal an investor must be willing to bear. Past performance is no guarantee of future results. All information and data is deemed reliable, but is not guaranteed and should be independently verified. The presence of this website on the Internet shall in no direct or indirect way raise an implication that Shell Capital Management, LLC is offering to sell or soliciting to sell advisory services to residents of any state in which the firm is not registered as an investment advisor. Use of this website is subject to its terms and conditions.

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