A co-host for Kudlow & Cramer presents guidelines on how to invest successfully by becoming a "prudent speculator," explaining the role of psychology in risk taking while covering such topics as understanding hedge funds, spotting an undervalued stock, and knowing when to sell. By the author of Confessions of a Street Addict. 125,000 first printing.
For a long time I was a staunch critic of Cramer as I perceived many of his ideas to be reckless and dangerous. Having read his book I've done a complete 180. Not only did I enjoy the book, I watch his show on CNBC almost every day now. His insights are not earth shattering. Rather I would describe them as Advanced Common Sense. His book and show have helped me to identify why some of the stocks that I've invested in the past did not perform as I expected them to. Although he shamelessly plugs his book and TV show, I genuinely believe that Cramer's primary motivation is to educate people and help them succeed in investing. He owns his mistakes which is rare in this day and age. I've yet to read an analyst report that said "My bad, we blew it when we recommended BUY on this stock".
The book is well laid out and the information is simple and easy to understand. Cramer describes almost everything by relevant analogies that I think most everyone can relate to. The book is all about empowering its readers as opposed to offering a get rich quick scheme. My only criticism of this book is his abundant use of SAT words that I had to constantly look up in the dictionary.
Did you know Jim Cramer ran a hedge fund? If you didn’t trust me by the end of this book it may be the only fact you do know. I haven’t started applying any of his information yet so I can’t speak to that. The information itself seems good and honestly offered.
Booyah to Jim Cramer for writing this book. I’m a new listener to Mad Money and a 1-year investor in the market, so I’m still trying to figure out the reason people say Booyah to him, but I’ll swim with the tide.
I’m still a rookie investor so this book was a lot of help, especially in explaining the small details and key elements of the market. He offered great advice and I’m already starting to implement (rate your stocks from 1-4, as per the book!)
I love Mad Money and I’m so glad Cramer decided to narrate this audiobook himself. I’m excited to continue learning from The Professor.
This book is a classic example of why you should always do your homework. For my short investment career, I've been led to believe that Cramer was a buffoon. I know now that that is extremely false.
Jim has passed on his knowledge on what to look for and what to look out for. Some sections go deep and I would read this book again in the near future to try and understand the details.
Excellent book on Cramer's trading strategy. It requires some prior knowledge: vocabulary and basic trading experience.
Cramer touches briefly on options and short selling mostly this book is about how to diversify, spot "tops" spot "bottoms" in markets and how to do your homework on specific stocks.
Great chapter on speculation and managing growth potential vs risk