For starters, Cramer recommends devoting a portion of your assets to speculation. Everyone wants to find the big winners that can bring outsized gains, and Cramer explains how to allocate your portfolio so that you can afford to take this kind of risk wisely. He explains why "buy and hold" is a losing philosophy: For Cramer, it's "buy and homework". If you can't spend an hour a week researching each of your stocks, then you should hand off your portfolio to a mutual fund, and Cramer identifies the very few mutual funds that he'd recommend.
Cramer also reveals his Ten Commandments of Trading (Commandment #5: Tips are for waiters). He explains why he's not afraid to compare investing to gambling (and tells you which book on gambling you should read to become a better investor). And he discloses his 25 Rules of Investing (Rule #4: Look for broken stocks, not broken companies).
Cramer shows how to compare stock prices in a way that you can understand, how to spot market tops and bottoms, how to know when to sell, how to rotate among cyclical stocks to catch the big moves, and much more. Jim Cramer's Real Money is filled with insider advice that really works, information that Cramer himself used to make millions during his 14-year career on Wall Street.
Written in Cramer's distinctive turbocharged style, this is every investor's guide to what you really must know to make big money in the stock market.
PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your My Library section along with the audio.
Download the accompanying reference guide.
©2006 J.J. Cramer & Co. All rights reserved; (P)2006 Simon and Schuster Inc. All rights reserved.
"[Cramer's] enthusiasm should prove inspiring, and even investors on the wrong side of Wall Street's recent shakeups may find the courage to get back in the game." (Publishers Weekly)
Lots of great information in this book, but probably not a lot that you will use unless you really want to get deep into the market.
Mad Money goes even deeper if you really want to get into trading rather than investing.
If you want a more passive approach to investing then read Rule #1.
I loved this audiobook. This book is FULL or great information. However, I was very suprised at how in depth his approach was to explaining how the market works. I am a finance major in college, and have spent many years trading as a professional, and there were many new insights for me. This is definitely NOT the first book you want to read in regards to the market. Unless you are for real and you have an insatiable thirst for stock trading knowledge, read something else first.
Say something about yourself!
Cramer gives some great guidance on investing. Great ideas, very good presentation. But I would temper his enthusiasm by listening to "Fooled by Randomness" as well. The two balance each other very well.
Mr. Cramer definitely has an engaging delivery though it can wear on you after awhile. He has some great ideas and advice. He's not modest though if he's done everything he says he has, I don't really care. He shares valuable insights from someone with Wall Street experience telling you what happens on the inside. He makes succint points with examples to reinforce them. His book is good for the new investor trying to decide how to start playing the stock market. It's worth reading.
I'd heard of Jim Camer but wasn't familiar with his trading style. Jim did an excellent job with the narration and certainly kept my attention. I like his style and I learned plenty from this book. Thanks Jim!
This book is read by the author, Jim Cramer. His energy and excitement brings to life his book. Although the information is great for some and others will hate it (depending on if you are a buy-n-hold or "day-trader") seeing the words in print would make it easier. If you don't have a lot of time to read, but spend a lot of time traveling in a car, then it would be beneficial to use the audiobook for the information and the book as a reference.
His energy and enthusiasm keeps you engaged. I watch his show most days the market is open, and have read this book in print. I get insight each time.
He brings his energy and engagement... his clear passion for this material. Reading the book, you get the information. Here is a concise (it is abridged I believe) version of the information brought to life by his lively personality.
Starts with the basics of valuing a stock from a professionals point of view.
Yes, because he looks at a stock from a different point of view.
Not to believe the national analysts comments
Cramer does a great job of describing what it takes for the average person to invest his or her money wisely in the market. The 2 most important things he talks about are diversification & his idea of buy & homework. He teaches the everyday investor how to evaluate stocks with publicly available information so that we can make our own decisions when in get in or get out. Anyone looking to improve the performance of their investments would do well listening to what Cramer has to say.
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