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Confessions of a Street Addict
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 TheStreet.com, radio and television commentator, and for years a premier money manager, takes readers on the wild ride that is Wall Street -- revealing how the game is played, who breaks t...more
Paperback, 352 pages
Published
June 3rd 2003
by Simon & Schuster
(first published 2002)
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Archived at http://web.archive.org/web/2002101306...
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....more
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....more
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
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
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
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
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Aug 31, 2007
Adam Piore
rated it
3 of 5 stars
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 Street.com, 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...more
Cramer tells the story of his life as a hedge fund manager and founder of the Street.com, 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...more
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
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.
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
This was an enjoyable and informative read. I appreciate how transparent he was with his own faults and manic behaviors. It was also a fun way to learn about wall street behavior from the "inside". Very insightful. Above all, I found his own behavior interesting to follow. To quote from the book, he gave "workaholic" a bad name.
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...more
Secondly, Jim Cramer is a brilliant man who has led an extremely successful and fascinating life. A complex story such as t...more
Some insight to a hedge fund manager and someone who loves to talk about stocks, but is restricted due to SEC regulations.
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.
If you don't study his investing books, you're just another mark for Wall Street.
This is just a well written book. You do not have to like the market to enjoy this book.
Goddamit Cramer you obnoxious bastard this book is actually pretty good...
I liked it. It was good to learn about the financial world.
First cramer book I read. Been a while. It was very enjoyable.
Great insight into the emotional pressures of trading
Jul 08, 2010
Matthew Hanley
added it
Great book showing the true underbelly of Hedge Funds.
My #1 Financial type book. Really fun to read.
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
How does he sleep at night?
Love this guy.
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.
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.
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.
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!
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!
Jim Cramer is not the jester he appears to be on TV, he knows his stocks, he just has some quirks like we all do?
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 "thestreet.com" 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.
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
This is a great book. I enjoyed it immensely, because of the dot.com stories and the hedge fund stories.
I particularly enjoyed the part where the CEO of thestreet.com 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!
I particularly enjoyed the part where the CEO of thestreet.com 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!
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