Jim Cramer's Real Money: Sane Investing in an Insane World

Version: Abridged
Author: James J. Cramer
Narrator: James J. Cramer
Genres: Finance
Publisher: Simon & Schuster Audio
Published In: October 2006
# of Units: 5 CDs
Length: 5 hours
Ratings:
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Overview

Even after repeated boom and bust cycles on Wall Street, it’s still possible to make real money in the stock market—provided investors take a disciplined approach to investing. Financial guru Jim Cramer shows how ordinary investors can prosper, no matter the climate on Wall Street.

How do we find hot stocks without getting burned? How do we fatten our portfolios and stay financially healthy? Former hedge-fund manager and longtime Wall Street commentator Jim Cramer explains how to invest wisely in chaotic times, and he does so in plain English in a style that is as much fun as investing is—or should be, when it’s done right.

For starters, Cramer recommends devoting a portion of your assets to speculation. Everyone wants to find the big winners that can bring outsized gains, and Cramer explains how to allocate your portfolio so that you can afford to take this kind of risk wisely. He explains why “buy and hold” is a losing philosophy: For Cramer, it’s “buy and homework.” If you can’t spend an hour a week researching each of your stocks, then you should hand off your portfolio to a mutual fund—and Cramer identifies the very few mutual funds that he’d recommend.

Cramer reveals his Ten Commandments of Trading (Commandment #5: Tips are for waiters). He explains why he’s not afraid to compare investing to gambling (and tells you which book on gambling you should read to become a better investor). He discloses his Twenty-Five Rules of Investing (Rule #4: Look for broken stocks, not broken companies).

Cramer shows how to compare stock prices in a way that you can understand, how to spot market tops and bottoms, how to know when to sell, how to rotate among cyclical stocks to catch the big moves, and much more. Jim Cramer’s Real Money is filled with insider advice that really works, information that Cramer himself used to make millions during his fourteen-year career on Wall Street.

Written in Cramer’s distinctive turbocharged style, this is every investor’s guide to what you really must know to make big money in the stock market.

Author Details

Author Details

Cramer, James J.

"James J. Cramer" is co-founder of "TheStreet.com." After earning undergraduate and law degrees at Harvard University and working as a newspaper reporter, he joined Goldman, Sachs & Co., where he worked in the Private Client Services unit. In 1987 he founded Cramer, Berkowitz, a private hedge fund that he ran until 2000. Jim Cramer is the markets commentator for CNBC's "Squawk Box" and co-host of CNBC's "America Now," and host of the national daily radio program "RealMoney." He is "Bottom Line" columnist for "New York" magazine and continues to write for "TheStreet.com." Mr. Cramer and his fam