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Confessions of a Street Addict
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Sales rank 235,143
Customers rating (based on 176 reviews)
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In the most candid 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 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% after all fees. In Confessions of a Street Addict he takes us from his fascination with the stock market as a middle-class kid in the Philadelphia suburbs to Harvard, where he began managing money. After an apprenticeship at Goldman, Sachs, Cramer set out on his own with his wife, Karen, the "Trading Goddess," as his partner. Cramer brilliantly describes the life of a money manager -- the frenetic pace, the constant pressure to outperform the market and other fund managers, and the shark-like attacks fund managers make as they circle a fund perceived to be in trouble. At the same time that he was managing money, Cramer was one of the best-known commentators on the financial markets. A former president of the Harvard Crimson, Cramer had been a newspaper reporter before he began managing money. While he was a fund manager, he wrote for SmartMoney and other publications, making him one of the first money managers to offer insight and analysis from inside the world of finance. With the rise of the Internet and online publishing, he co-founded TheStreet.com, the online financial Web site. In one of the most fascinating chapters in this book, 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 book 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.
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| Publisher | Simon & Schuster | | Release date | 05/2002 | | Availability | Usually ships in 24 hours | | Edition | Hardcover |
| | List price | $26 | | Our price | $22.23 (you save 14.50%) | | Used price | from $0.39 |
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 I am addicted to Cramer!
I must start by stating this book if one of the best I have recently read both from a content perspective and the way its written. In a nutshell, this book is an autobiography of Jim Cramer during the years he ran his hedge fund and co-founded the financial analysis site The [...].
This book offers a lot of insight into the world of hedge fund which is mostly kept hidden. This includes both some of the trading strategies used, methods of analysis (fundamental and technical), and the politics involved. It also details how the Hedge Fund are true market makers that are able to shape the markets based on a number of maneuvers. In addition, this book offers insight into the world of financial analysis and news, as Jim talks about The [...] that he co-founded. This part of the book helps understand the .com burst and put it into context. This section also offers tremendous insight into the stock underwriting process and the associated IPOs. All that being said, it shows how trading can become a lethal addiction. An addiction in which any loss can have severe consequences for the underlying financial institution and reminds us that "you are only as good as your last trade". A thrilling, highly recommended book.
 wanted to give it a 4 1/2
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 other
grammatical mistakes. Normally I would let these slide as being picayune, but as
a University of Pennsylvania man, I feel I must call out the former editor of the
Harvard Crimson (not to mention a Philadelphian who roots for the METS...oh the
humanity!).
I also noted only one contradiction - which I now can't find - quite impressive for
this kind of book.
Candid Story!
I appreciated the candidness of this book. 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. 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. Hats off to Cramer for his straightforward style. Some it his stories are very unflattering about himself, but that's what makes his book so admirable, endearing, educational, and ultimately quite entertaining. 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.
Stock Lover's Frenetic Fairy Tale
This book was a fast-paced adventure into the mind and life of a guy who LOVES stocks! 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. (His wife is a Saint!) It was a true page turner and hard to put down once the book was opened. Loved it so much, I was sorry to see it end. Am hoping to see other books from this Author soon!!
Confessions of a Street Addict
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.
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