Jim Cramer's 'Mad Money' Recap: Leaving Comfort for the Cloud
NEW YORK (TheStreet) -- It's terrific to invest in what you know, Jim Cramer told his "Mad Money" TV show viewers Monday.
But for investors willing to stretch their imagination and learn what they don't know, there's even more money to be made.
Cramer, broadcasting on location from the 2013 DreamForce conference in San Francisco, said many investors might not understand the cloud computing revolution, preferring to invest in old-line tech names such as Microsoft
Investors must then choose whether they believe these companies, many of which have rich valuations by traditional metrics, are overvalued, or are the next big thing. Believing in the latter, as Cramer does, will involve leaving your comfort zone and taking on some additional risks. But the rewards for doing so can be astounding.
Executive Decision: Marc Benioff
In his first "Executive Decision" segment, Cramer sat down with Marc Benioff, chairman and CEO of Salesforce.com
Benioff said there are four things driving the growth at Salesforce, and they include cloud, mobile, social and the newest driver, connected devices. Behind all of these factors, he said, are customers -- managing customer relationships is what Salesforce is all about. No matter what business a company is in, they need tools to sell, market and connect to their customers, Benioff continued, and Salesforce software allows them to do that on a one-on-one basis.
Benioff mentioned that Philips
Cramer said he'll be talking so some of those companies building on the Salesforce model later in the show.