Stock Market History PBS Video: Frontline Presents 'Betting On The Market': First Broadcast In 1997

CLIP 1 of 4. Includes interviews with James Cramer, Garrett Van Wagonner, and Peter Lynch.

Clips 2 and 3 are after the jump. Youtube doesn't seem to have a copy of part 4 though I'm still looking.

CLIP 2 of 4---1997 interviews with Cramer, Van Waggoner, Lynch.

CLIP 3 of 4. A FRONTLINE classic from 1997. The Motley Fool, Dave & Tom Gardner, the Iomega Zip Drive meteoric rise and fall, and Jim Cramer comments, among others.

I have copied some of the transcript below.  The complete transcript can be found here.

FRONTLINE Show #1506
Air Date: January 14, 1997

Betting on the Market

JAMES CRAMER, Money Manager: It's the most objective industry in the world. If your numbers stink, you're out. If your numbers are good, you get more money. It's the most Darwinian. It's beautiful. It's brutal. It works.

All right, guys. Let's roll. Buy 5 HMTT at an eighth. See what happens. It's against puts. We're fine. I want to see if you can even buy it. Colgate opens up an eighth.

IBM... August, '95 calls? I want an offering on a thousand. I want an offering on a thousand! I want an offering on a thousand! Yes! Double down. Double down. I want ten... I want a thousand!

MANAGER: Pfizer, 17-and-a-quarter. It's X. We get the dividends.

JAMES CRAMER: Sold!

JOE NOCERA: A new faith is sweeping the country, gathering strength by the day.

JAMES CRAMER: It's 25. It's 25! Okay? It's 25!

JOE NOCERA: Over the years, as a financial reporter, I've watched money manager Jim Cramer turn into one of the market's most avid missionaries.

JAMES CRAMER: Colgate, Colgate, Colgate! Get me, get me, get me!

There are a thousand stocks out there that could make you rich totally independent of what you do for a living, all right? If you had bought Merck in the 1950s, just bought 10,000 shares of Merck instead of buying U.S. Savings Bonds, you would not ever have to work again.

Forty-six-and-three-quarter bid Cascade!

I believe that stocks like Bristol-Meyers, had they existed 100 years ago, there would have been no Marx. There would have been no communism because what's happened is these stocks have made many millions of people rich and they're going to do it again.

Sold!

Comments

[Ain't Bullshittin']

Now everybody is a part loser! How much you like Wall Street NOW?....SUCKA'

[Chubbz DeLinquente]

uhhh, isnt that James GRANT?? (publisher of Interest Rate Observer and former GM3, USN)

[comrade675]

Transcript:
http://www.pbs.org/wgbh/pages/frontline/shows/betting/etal/script.html

[Steve Phillips]

Funny to see Garrett Van Wagoner shown as some sort of whiz kid money manager in this episode. The SEC brought a fraud action several years back against him for falsifying returns, and he finally was booted from Van Wagoner funds last year after his Emerging Growth Fund returned an average of -10% for 10 years.

[Steve Phillips]

Part 3 is a hoot too. I can clearly remember being on AOL in the Motley Fool chats during the IOM craze. They actually had a ton of pull at that time in driving stocks. They also drove AOL & ATHM & CMGI into the stratosphere. "The Gorilla Game" by Geoffrey Moore was mandatory reading along with, of course, the Fool Investment Guide and everyone awaited the word of George Gilder (of JDSU/telecosm fame) with bated breath as if he were Jesus/Nostradamus/Warren Buffett combined.

[DailyBail]

@ steve phillips

i remember iomega as well.

and yes it is a young james grant, one of the smartest folks around.

[DailyBail]

I remember ATHM and all teh rest.

I traded all these stocks and survivied. Those were ridiculous times.

[Andy]

Missing video part (4)
http://www.youtube.com/watch?v=qD3c-ugsN0I&feature=PlayList&p=727C761F6526466B&playnext=1&playnext_from=PL&index=152

[RecoverylessRecovery]

@ Zara

I like this new tactic you have of bolstering DB's apparent readership by posting under a multitude of different names. It seems FRAUD is so popular in America, people engage in it at EVERY LEVEL.

Enjoy.

[Zarathustra]

What if I am DB???

[Zarathustra]

ORLANDO, Florida (AFP) – Tiger Woods underwent sex addiction treatment during his five-month absence from golf, his former swing coach Hank Haney said in excerpts of a television interview released Saturday.

Haney also told The Golf Channel that he saw no hint of world number one Woods taking any sort of performance-enhancing drugs, including during sessions with controversial Canadian doctor Anthony Galea.

DB...That's funny, I blame steroids for his sex addiction. Come on Nike, why would he seek out Galea. Is it because Galea knows a lot about Canadian Football? Is it because Tiger needed more energy...Galea flew to Woods’ Windermere, Fla., home at the request of his agents to treat the golfer earlier this year with his platelet-rich plasma injection therapy, also known as “blood spinning.”...what, blood doping sounds too unfair Nike? Is everyone picking on Tiger because he is African American Nike? Calf's blood in golf for his putter, sounds creepy. Tiger's body is breaking in half because steroids made his body too strong for his frame. That results in tennis elbow, no wait, all the girls gave him that.