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Hats off to Cramer for his straightforward style. A lot of the psychology of what Cramer went through it quite true, as I've gone through it myself at times as an investor. I appreciated the candidness of this book. Some it his stories are very unflattering about himself, but that's what makes his book so admirable, endearing, educational, and ultimately quite entertaining. His story makes a lot of sense and is scary, even if it's only partly true. If it's totally accurate, then it's downright frightening. If you want to understand some of the psychology of what investors go through managing money, or if you want to understand the broader ballgame of the Wall Street machine, then this story is worth reading.
(His wife is a Saint). This book was a fast-paced adventure into the mind and life of a guy who LOVES stocks. It was a true page turner and hard to put down once the book was opened. His true life story resonated with all the heart-pounding audacity and human foibles that a mad man can undergo while learning the ropes of Wall Street. I appreciated Cramer's honesty when he "dirted" on himself on many occasions throughout the book. Loved it so much, I was sorry to see it end. Am hoping to see other books from this Author soon.
This book is his autobiography written years before his following books that try to teach the working man or woman how to invest his or her hard earned money in the stock market. As a would-be Cramerican myself, I found this book to be extremely helpful in understanding from where Mr. Cramer is coming from and why he has more detractors than most other celebrities. In my view, it is a must read.
I read this book a couple years ago, but still remember how much I liked it. Do people with a normal job that invest casually have the opportunity to meet with the CEO of a company and analyze whether or not he is lying about a report that was published.In today's world the price of a stock is already at real value by the time any normal person can buy. Someone else is always going to have a better in, or advantage over you. It is a good reminder of how addicting the stock market can be and how much like a horse race it really is. Do not take Cramers advice and ruin your life as he almost ruined his, quite a few times. Cramer believes that anyone can make money trading and that skill is important and learnable. It was well written and kept my interest entirely. Everything is a gamble unless you know something you are not supposed to know.
Supposedly studying the stocks of companies and knowing the formulas to make comparisons gives you an advantage. Why was he on such a rollercoaster then. With the speed the pros can purchase and sell knowing what you are doing and faster than you can.I know a lot of people disagree with my view of the market, but computers took all advantages from everyday people.Read the book, it is good.
If you had to pick a Cramer book I'd read his "Real Money" before I picked this one up. This is just one of the stories that Jim tells in his mini biography. I never got a phone call on vacation letting me know I lost $17 million dollars but he did. Real Money gives you actual strategies as to how he thinks about money where this is more of a historical account of all the money he made and lost. Then again I don't manage $300 Million of other people's money either and take 20% of the gains each year. Jim takes us on his life tour from his middle class home in Philadelphia all the way to Wall Street with stops in Harvard and California. It was funny reading this book in 2009 as I remember some of those tech stock IPOs from early 2000. Like I said not much actual investing strategy to learn here, but if you want to know how the inner workings of a hedge fund are setup I think this is the perfect book for you.
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