Book Description
James J. Cramer, co-founder of TheStreet.com takes listeners on a no-holds-barred tour of Wall street -- revealing how the game is played, who breaks the rules, and who gets hurt.
Everyone on Wall Street knows Jim Cramer, and Cramer knows wall Street better than anyone. For fifteen years he ran Cramer Berkowitz, one of the Street's most successful hedge funds, with a compounded annual return of 24 percent after all fees. He takes us from his fascination with the stock moarket as a middle-class kid in the Philadelphia suburbs to Harvard, where he began manging money. He brilliantly describes the life of a money manager -- the frenetic pace, the constant pressure to outperform the market, and the shark-like attacks fund managers make as they circle a fund perceived to be in touble.
With the rise of the Internet, he co-founded TheStreet.com, the online financial Web site. Cramer takes us inside the IPO of TheStreet.com, where he found himself a knowledgeable but helpless onlooker as his own Web site came on the market at an unrealistically high price that it never reached again, a harbinger of the dot-com disasters that would soon haunt the stock market.
Throughout the audiobook Cramer is characteristically outspoken, outrageous, and candid about everyone, himself included. There has never been a high-wired, high-octane book about Wall Street like this one.
Amazon.com
It's hard to think of anyone more intense or opinionated, or who wears as many hats as James Cramer. In Confessions of a Street Addict, the man who first made a name for himself on Wall Street successfully managing his hedge fund--and then became famous on Main Street with his manic appearances on CNBC--tells the improbable story of his career as journalist, Wall Street pundit, Internet entrepreneur, and television commentator. For the most part, Cramer manages to avoid the self-congratulatory hype that mars so many books of this ilk; in fact, what makes Confessions so compelling are the shots that Cramer takes at himself, be it his now infamous capitulation during the stock market panic of October 1998, when he wrote a piece for TheStreet.com advising readers of an impending crash just as the market began to rebound, or the callous way he treated so many around him in pursuit of the next trade. Here's an informative, honest, and rollicking read for fans of CNBC, TheStreet.com, or anyone who has ever lost sleep thinking about their portfolios. Highly recommended. --Harry C. Edwards
Average Customer Review:
1 of 1 people found the following review helpful:
Cramer's Best Book Ever, 2008-04-20
This book is the best. I laughed reading this book because not only is Cramer so funny but I can tell he is to honest and almost to reveling. There are many trading and investing books out there that sell you techniques and Strategies but this book gives you everything and teaches you the side of investing that the wanna be books don't tell you.Even though this book is a bio of Cramer's start I can promise you will get more than just that. I learned so much out of this book. I am a big fan of Cramer mostly because of his honesty. I hope he comes out with more great books. I wasn't a big fan of his last book that was based more around safe investing. I really like the the real dirt on what Street Pros really do-
Thanks Cramer!
2 of 2 people found the following review helpful:
Page Turner, 2007-12-31
This book was an excellent read. I could not put it down. I would wake up in the middle of the night and read, read, read. I loved the drama with thestreet.com It was so funny to read about how foolish he and Marty were with the CEO selections. They were multimillionaires and clueless on how to run operations for the dot com startup. Great Book!
2 of 2 people found the following review helpful:
A Work of Art!, 2007-12-30
All of Cramer's books are very good but this one is his literary masterpiece. What a wild ride with plenty of scenery and insight to boot. I wouldn't be at all surprised to see this story on the big screen someday.
10 of 11 people found the following review helpful:
High Energy Reading, Don't Miss This Book!, 2003-09-24
I recommend reading this book, even if you don't like the stock market or investing. I could hardly put it down once I started to read it. Jim Cramer is not only an exciting individual, but he has tremendous writing skill. You will be amazed at how much fun you will have reading this book, because every line you read causes you to crave the next and the next and the next.If you desire to see inside the mind of someone on Wall Street this is your opportunity. At times you will envy him, at other times you will despise him, but in the end you will walk away with a deep respect for him. Even if you disagree with his total workaholic mentality, his work ethic will astonish you. He is one of the truely interesting people in the financial world and he has given you the guided tour of his life.
Personally I look forward each day to Real Money on the radio and Kudlow and Cramer on CNBC each night, so this book was a logical next step in understanding the Markets and the people who move them. Don't miss this one or you will regret it.