In in all probability probably the most candid take a take a look at Wall Street since Liar's Poker, James J. Cramer, cofounder of TheStreet.com, radio and television commentator, and for years one of Wall Street's premier money managers, takes readers on a no-holds-barred tour of life on Wall Streetrevealing how the game is carried out, who breaks the rules, and who will get hurt.
Everyone on Wall Street is conscious of Jim Cramer, and Cramer is conscious of Wall Street larger than anyone. For fifteen years he ran Cramer, Berkowitz, one of the Street's most worthwhile hedge funds with a compounded annual return of 24% in any case fees. In Confessions of a Street Addict he takes us from his fascination with the stock market as a center-class youngster inside the Philadelphia suburbs to Harvard, the place he began managing money. After an apprenticeship at Goldman, Sachs, Cramer set out on his private collectively together with his partner, Karen, the "Shopping for and promoting Goddess," as his companion. Cramer brilliantly describes the life of a money supervisor — the frenetic tempo, the fastened pressure to outperform the market and totally different fund managers, and the shark-like assaults fund managers make as they circle a fund perceived to be in problem.
On the same time that he was managing money, Cramer was one of the right-acknowledged commentators on the financial markets. A former president of the Harvard Crimson, Cramer had been a newspaper reporter sooner than he began managing money. Whereas he was a fund supervisor, he wrote for SmartMoney and totally different publications, making him one of the first money managers to provide notion and analysis from contained within the world of finance. With the rise of the Net and online publishing, he co-based mostly TheStreet.com, the online financial Internet site. In a single of in all probability probably the most fascinating chapters on this book, Cramer takes us contained within the IPO of TheStreet.com, the place he found himself a educated nevertheless helpless onlooker as his private Internet site received right here obtainable available on the market at an unrealistically high value that it certainly not reached as soon as extra, a harbinger of the dot-com disasters which will shortly cling-out the stock market.
All by way of the book Cramer is characteristically outspoken, outrageous, and candid about everyone, himself included. There has certainly not been a high-wired, high-octane book about Wall Street like this one.
- File Size: 678 KB
- Print Length: 352 pages
- Page Numbers Source ISBN: 0743233077
- Publisher: Simon & Schuster; Reprint edition (May 13, 2002)
- Publication Date: May 13, 2002
- Sold by: Simon and Schuster Digital Sales Inc
- Language: English
- ASIN: B000FBJHBM
- Text-to-Speech: Enabled
- X-Ray: Not Enabled
- Word Wise: Enabled
- Lending: Not Enabled
- Screen Reader: Supported
- Enhanced Typesetting: Enabled