Banter and General Comments, page-14591

Brief history on old mate Jim Cramer (from the video) for context:
(more on wikipedia)

In 1984, Cramer became a stockbroker at Goldman Sachs, where he worked on sales and trading.

In 1987, Cramer left Goldman Sachs and started a hedge fund, Cramer & Co. (later Cramer, Berkowitz & Co.). The fund operated out of the offices of Michael Steinhardt. Early investors included friend and classmate Eliot Spitzer,Brill, and Peretz. Cramer raised $450 million in $5 million increments and received a fee of 20% of the profits he generated.

Cramer claims to have sold all of his stocks on the Friday before Black Monday (1987).From 1988 to 2000, Cramer claims to have had only one year of negative returns - 1998, a year when the S&P 500 Index rose 29%. The underperformance in 1998 led to significant investor withdrawals. In 1999, the fund returned 47% and in 2000, it returned 28%, beating the S&P 500 Index by 38 percentage points. Cramer claims to have produced a 24% average annual return over 14 years and "routinely [taken] home $10 million a year and more."However, his results have been disputed.

In 2001, Cramer retired from the hedge fund.The fund was then taken over by his former partner, Jeff Berkowitz.