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Confessions of a Street Addict

Confessions of a Street Addict
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Manufacturer: Simon & Schuster Audio
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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.

 

What Customers Say About Confessions of a Street Addict:

This is an excellent book and his best one.I would have given it 5 stars except for the split infinitives, dangling participles,references to the object of a sentence as "who" instead of "whom" and a few othergrammatical mistakes. Normally I would let these slide as being picayune, but asa University of Pennsylvania man, I feel I must call out the former editor of theHarvard Crimson (not to mention a Philadelphian who roots for the METS.oh thehumanity).I also noted only one contradiction - which I now can't find - quite impressive forthis kind of book.

Hats off to Cramer for his straightforward style. A lot of the psychology of what Cramer went through it quite true, as I've gone through it myself at times as an investor. I appreciated the candidness of this book. Some it his stories are very unflattering about himself, but that's what makes his book so admirable, endearing, educational, and ultimately quite entertaining. His story makes a lot of sense and is scary, even if it's only partly true. If it's totally accurate, then it's downright frightening. If you want to understand some of the psychology of what investors go through managing money, or if you want to understand the broader ballgame of the Wall Street machine, then this story is worth reading.

(His wife is a Saint). This book was a fast-paced adventure into the mind and life of a guy who LOVES stocks. It was a true page turner and hard to put down once the book was opened. His true life story resonated with all the heart-pounding audacity and human foibles that a mad man can undergo while learning the ropes of Wall Street. I appreciated Cramer's honesty when he "dirted" on himself on many occasions throughout the book. Loved it so much, I was sorry to see it end. Am hoping to see other books from this Author soon.

This book is his autobiography written years before his following books that try to teach the working man or woman how to invest his or her hard earned money in the stock market. As a would-be Cramerican myself, I found this book to be extremely helpful in understanding from where Mr. Cramer is coming from and why he has more detractors than most other celebrities. In my view, it is a must read.

I read this book a couple years ago, but still remember how much I liked it. Do people with a normal job that invest casually have the opportunity to meet with the CEO of a company and analyze whether or not he is lying about a report that was published.In today's world the price of a stock is already at real value by the time any normal person can buy. Someone else is always going to have a better in, or advantage over you. It is a good reminder of how addicting the stock market can be and how much like a horse race it really is. Do not take Cramers advice and ruin your life as he almost ruined his, quite a few times. Cramer believes that anyone can make money trading and that skill is important and learnable. It was well written and kept my interest entirely. Everything is a gamble unless you know something you are not supposed to know.

Supposedly studying the stocks of companies and knowing the formulas to make comparisons gives you an advantage. Why was he on such a rollercoaster then. With the speed the pros can purchase and sell knowing what you are doing and faster than you can.I know a lot of people disagree with my view of the market, but computers took all advantages from everyday people.Read the book, it is good.

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