Jim Cramer: Unless You're Willing to Take a Beating, It's Time to Reposition

Here's the issue: most of the companies that you might be investing in because you think that they might be the next Tesla, Netflix, or Amazon won't get there. If you understand that, if you are willing to take that risk owning "non-profitable techs" as Goldman's David Kostin, understand that they have gone up a lot, gone down a lot, but are still well above where they started. There are so many high quality tech stocks that now sell at or below the market multiple - especially if you subtract the cash on the books -that I ask why do you even need more than one or two of those?