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Confessions of a Street Addict

3.97  ·  Rating Details ·  1,148 Ratings  ·  66 Reviews
Bestselling author Jim Cramer takes readers on a wild Wall Street ride—revealing how to play the game, who breaks the rules, and who gets hurt.

Everyone on Wall Street knows Jim Cramer, and Cramer knows Wall Street better than anyone. In the most candid and outrageous look at Wall Street since Liar's Poker, Cramer, co-founder of, radio and television commentat
ebook, 351 pages
Published May 13th 2002 by Simon & Schuster (first published 2002)
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Mar 04, 2008 Valerie rated it liked it  ·  review of another edition
Shelves: jbb-book
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Confessions of A Street Addict by James J. Cramer

Okay, first thing you need to know: "Confessions of A Street Addict" is not some world-weary tale of heroin abuse, which the title and the author's hardboiled cover photo might make you assume. (Okay, maybe that was just me.) The "Street" referred to is Wall Street, and the experiences James Cramer relates here describe his time in the trenches.

Cramer wasn't born with a silver spoon in his mouth.
Kirk G. Meyer
I have always enjoyed Jim Cramer on his show and the radio. This book was a look at him and his life in such a manner that you would not expect. The honesty in the book is a breath of fresh air and his insights are amazing. It is also a book that shows that Wall Street is not for the faint of heart. It shows exactly what kinds of sacrifices one must make it in order to really be successful doing what he and his group did year after year. There are some amazing stories about not only his hedge fu ...more
Aug 30, 2010 Robert rated it it was amazing  ·  review of another edition
Before the Mad Money craze, this autobiography takes you from his struggling days as a journalist for newspapers on the west coast to his days at Goldman to his hugely successful (mostly because of his wife) management of his hedge fund and ends at his retirement from that fund. For one of the most notable personalities in personal finance of recent years, it was hard to believe in his words, "It is better to be lucky than good." Reads exactly like his personality would tell it to you. Great rea ...more
Feb 13, 2009 Stephanie rated it it was amazing  ·  review of another edition
I always poke fun at Ryan for reading "boring business books", but this one does NOT fit that mold. This is more of a biography of Jim Cramer's life as a hedge fund manager. He currently has a show called mad money where he talks about stocks. He's hilarious - totally insane - but really interesting. He has a journalism background and loves to write, which is probably why I could hardly stand to put this book down. It's still not a "light read" for non-business people, but I really liked it.
John Chiniara
Oct 22, 2014 John Chiniara rated it really liked it  ·  review of another edition
Shelves: finance, nonfiction
Like "reminiscences of a stock operator" by Edwin Lefebvre, this book traces the path from a teenager interested in stocks, with an amazing memory and drive, to a successful hedge fund manager. Here, Cramer is willing to share his successes and failures, to the point of burnout.. This a wonderful memoir written by a multidimensional raconteur.
Tyler Nals
May 19, 2015 Tyler Nals rated it it was amazing  ·  review of another edition
Love him or hate him, this is a great read. Even if you don't know him, it's a great read. The guy used to live in his car. Now he's all over the place. That's impressive.
Sep 02, 2014 Kristen rated it it was amazing  ·  review of another edition
Fascinating account of Jim Cramer's life leading up to his money management career, his tenure at his hedge fund, and the IPO of

Jan 04, 2015 Yves rated it really liked it  ·  review of another edition
Cramer's most honest book.
Joshua Norman
Aug 18, 2015 Joshua Norman rated it it was amazing  ·  review of another edition
Great account of Jim Cramer's early years, as well as his efforts to build
Eric Bauman
I have a little bit invested in the stock market (no Warren Buffett, I, though, sadly), which I’m trying to build into a retirement fund, since I had to wipe mine out with my prolonged unemployment (of course, assuming I make it to retirement, which is itself a dicey proposition). Given this, I try to watch at least the first segment of Cramer’s “Mad Money” show on CNBC to try to get his take on what happened on the market that day. I do this because, for the most part, he uses language that I c ...more
Adam Piore
Aug 31, 2007 Adam Piore rated it liked it  ·  review of another edition
Recommends it for: someone who wants to learn about the stock market
Basically the memoirs of Jim Cramer -- that annoying stock market guru on Mad Money. Cramer is a former editor of the Harvard Crimson, and even did a few years as a newspaper reporter and writer for American Lawyer. So he's not a bad writer.

Cramer tells the story of his life as a hedge fund manager and founder of the, which went public during the height of the dot com bubble. It's an entertaining read with a plot that reminds me of a sports book, only instead of trying to win ganes, C
The book lives up to its name. The book reads a lot like Cramer's TV appearances. It is hard to find a more energetic, intense person than the author.

I found a conversation Cramer had with Michael Steinhardt to be interesting. "I told him I knew how to trade. He told me no, I knew how to spot good ideas, but I would have to learn how to trade from his traders." He then gives us a pretty good idea of what a trader has to do to survive. Moral of the story is do not be a trader, be a long term inve
Mel Allred
Oct 09, 2012 Mel Allred rated it really liked it  ·  review of another edition
As I look through the list of books I have read (I have kept a dated list since January of 2002), I am amazed to see this book on it. It is so atypical of my reading material. Yet, I still remember ten years later as I write this review the struggle towards success on wall street that James Cramer underwent. The intensity with which he accumulated information to enable wise stock decisions for his clients. He incited me to begin trading myself and I took a course and utilized it for some time, ...more
Sep 09, 2008 Ellen rated it it was amazing  ·  review of another edition
Recommends it for: everyone
Fascinating on many different levels! First, if you're at all interested in learning more about Wall Street, this is a great way to get an accurate, behind-the-scenes look at exactly what goes on at a hedge fund and on Wall Street. Much more educational than any "Investing For Dummies" book you'll ever read because you can see how situations play out in a real life setting.

Secondly, Jim Cramer is a brilliant man who has led an extremely successful and fascinating life. A complex story such as t
Matthew Flannery
Not a bad book. Interesting, and taught me a decent amount about trading (after numerous wikipedia visits). At times slow, others exciting. I can't help but think that this book exists as almost entirely as a "my side of the story" kind of book, not necessary to be entertaining but in order to get his recollection of events on paper as a means to counter public perception or biased stories from contemporaries. I am not going to choose a side and say that he is right or wrong, lying to himself or ...more
Matthias Jørgensen
Probably the one book from Cramer I will read. This one is very special, I think.

It's not a very good book about equity research or the like, but it has its definite strengths in showing how the market participants think and act. It's primary point of interest is def. the personal aspect of the book. As, I think, James Altucher said about the book "He really bleeds out on the pages". Its a wonderful account of a person working with something he is enamored with.

Its brutally honest. Its self-re
Apr 07, 2012 Gary rated it it was amazing  ·  review of another edition
If you watch CNBC, surely you have seen @JimCramer either on his nightly "Mad Money" or "Squawk on Street”. Then you probably have an opinion of Cramer and I this autobiography “Confessions of a Street Addict” would help support your opinion. I like Jim and his personality so it was fun to read, even though biographies are not my favorite. I truly wish I could go inside a trading desk at a hedge fund and see the machine at work and Jim’s tale-telling maybe brought me as close as I probably will ...more
Jan 05, 2009 Kysweenz rated it really liked it  ·  review of another edition
Cramer, a guy I enjoy his entertaining style, but you can see what a maniac he once was- and how a lot of these guys can lose there minds.

It is an inspirational story how he went from sleeping in his car to becoming one of the biggest guys on Wall Street. His knowledge of so many companies is incredible, and is in fact how he got a job, as he knew hundreds of stocks, their prices within a dollar and what his outlook was going forward.

Good read if you have an interest in the US Stock market.
Sep 03, 2012 Anna rated it really liked it  ·  review of another edition
This book was challenging for me.. I have come to really respect Jim Cramer's mind... and to hear that he would throw what amounts to a tantrum over money including smashing keyboards and throwing water bottles at people... I do like that he hired the best people around him at the hedge fund and used their talents to help make his investors money.. I think the he would wish that he could do that at the internet business as well. I am also proud that he knew when to walk away. I like that he chan ...more
Mar 18, 2008 Robloves17 rated it it was amazing  ·  review of another edition
Though I havent read a ton in the field as of yet, this is definitely the best book by a long shot in terms of really giving a feel for how Wall Street REALLY operates. This is the pre MadMoney Cramer; removed is his new Kind-and-Gentle Chivalry thing (which is genuine I believe) and what is left is the Trader in the Trenches, and a damn good one at that. He's obviously a very intelligent and creative individual and here's his expose of some of real goings-on (some of it not so pretty) at the hi ...more
Jan 25, 2008 Mike rated it really liked it  ·  review of another edition
Shelves: business
What a jerk but what an investor! Not afraid to bare his soul. One of the best business book ever. Now he helps little guys like me understand what is going on in the financial world. This is a fantastic read if you don't mind an incredible ego trip. Hey he's made the FU $$, and now he's trying to pass on the knowledge. Most guys on Wall Street couldn't care less about us out in flyover country but not Jim
Oct 13, 2008 Clara rated it really liked it  ·  review of another edition
As I'm reading this book, I notice the number of dips that Cramer faced throughout his career. His wife represents his intuition, which he hardly ever recognizes before it's too late. Intuition is an interesting theme here.
Two things I am learning from Cramer: the insanity of motivation and the value of taking risks. If a man with a temper like Cramer's can manage to get through many things, then that holds a lot of value for someone like me who tends to hold back!
Brandon Little
Jan 23, 2008 Brandon Little rated it it was amazing  ·  review of another edition
Recommends it for: investors, economists, people who like a good story
I must say that the book was one of the few I have read frmo cover to cover without putting it down--once. Cramer has a very interesting writing style that keeps my attention and desire to keep reading. It details his life from college to present and how he wound up being the investment guru that he is today. There is some investment advice, however the book is more of a biography of--a Street Addict.
Jun 29, 2010 Michele rated it it was amazing  ·  review of another edition
Like an adrenaline rush packed into a book. I imagine Cramer writes like he speaks, so don't expect flowing prose. Scary and fascinating on a lot of different levels. Some of the financial talk was hard for me to follow but that didn't make it any less interesting. It will make you wonder how you, as an individual investor, could possibly ever pick anything that could even remotely be considered a safe bet, with all the behind-the-scenes shenanigans that go on in the world of the Street.
Mar 14, 2014 Dean rated it really liked it  ·  review of another edition
If you like James Cramer you'll like this book. It's an autobiography of the awesome stock guy from the TV show Mad Money. He tells you about his life and his addiction to stocks. I found it hilarious at times (when he was busting his keyboard across a desk, keys flying at a secretary for instance) and very depressing at others (when he was playing stocks while his mother died among other occasions). All and all a good read, and it'll let you know more about the awesome guy off Mad Money.
Oct 28, 2007 Eric rated it liked it  ·  review of another edition
Interesting story of Jim Cramer's rise to fame from beat journalist in LA to the head of a major U.S. Hedge Fund. A good read alone for those interested in starting technology or internet businesses. The 100 pages detailing the creation and eventual public offering of "" outshines the rest of Cramer's story through shear drama. It is an excellent profile of the wild west internet days of the late 90's.
Aug 03, 2011 Molly rated it really liked it  ·  review of another edition
I grudgingly read this book at my husband's urging. This was a fascinating read into Wall Street. Jim Cramer definitely meets the definition of the word "interesting." I used to refer to him as "Annoying Guy" but his style grew on me because his knowledge is so broad and easy for everyone to appreciate and employ.
Feb 21, 2008 David rated it it was amazing  ·  review of another edition
This is a great book. I enjoyed it immensely, because of the stories and the hedge fund stories.

I particularly enjoyed the part where the CEO of was on TV. He was showing the host of the show and the viewers at home how easy the website is to use.

When the CEO went to login, he forgot his own password, and locked himself out of the website. ON TV! ON LIVE TV!
Apr 02, 2012 Greg rated it it was amazing  ·  review of another edition
For those who are Jim Cramer fans, and those who wonder who this guy is, this book is a great read that gives Jim's background and motivations. In my opinion he is one of the best teachers on investing for those of us without financial backgrounds.
If you don't study his investing books, you're just another mark for Wall Street.
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James J. "Jim" Cramer is an American television personality, a former hedge fund manager, and a best-selling author. Cramer is the host of CNBC's Mad Money and a co-founder and chairman of, Inc.
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