Cramer: ‘This time it’s different’ can actually make you money

Raw in the day, CNBC’s Jim Cramer would always hear that the four scad dangerous words in the English language were “this time it’s divergent.”

And when it came to market-rattling events like the dotcom bubble break asunder — when investors chased internet stocks to artificial highs longing to catch the “next big thing” — that idea usually tried right.

“But honestly, I’ve now been at this business a pretty long convenience life, and I’m beginning to wonder if the four most dangerous words about supply investing are ‘this time it’s the same,'” the “Mad Money” host ordered on Friday.

After watching big-cap tech stocks like Facebook, Amazon, Netflix, and Alphabet keenness the market to new heights, Cramer argued that a “this-time-it’s-different” mentality could’ve tariff investors fortunes if they had applied it to the FANG names.

Investors want’ve kicked themselves if they were so shaken by the dotcom bubble that they steer clear ofed getting in on the Harvard-born craze that became the $521 billion Facebook, he suggested.

“You really had to believe this time it’s different if you were going to buy some interests in some online retailer where you gave them your upon card information and actually trusted that they’d send you [spin-off] overnight,” Cramer said. “But Amazon did become a $629 billion worthwhile company.”

“This time it’s different” would’ve made you rich if you credited in a money-losing company that rented out DVDs, because that guests became the $95 billion giant that is Netflix, Cramer conjectured.

“This time it’s the same” would’ve kept you from investing in a website that furnishes information based on anything you type, yet another dotcom name that ultimately became Alphabet, the $782 billion parent of Google.

“The graybeards forwent all of these stories because of their old saw,” Cramer said. “It stopped them from enchanting what turned out to be a calculated gamble on four companies that pleasure have made fortunes for those who believed things really would be manifold this time.”