At the beginning of “Jim Cramer’s Real Money: Sensible Investing in a Crazy World” within the accolades, James Cramer says: I got rich using common sense principles, not precepts and elite training, and I know you can too. “ And those principles are what this remarkable book is about.
In the first three chapters, the author talks about his investing years, the mistakes he made, and how his wife Karen showed him the difference between investing and trading. As a result, I had the feeling that, for Jim Cramer, investing is doing it big, with very profitable returns and little risk; however, he advises taking risks carefully and doing a lot of homework and getting a lot of practice in the trade.
What that task consists of is covered in Chapter Four, “Some Investing Basics.” In my opinion, this chapter is the most important chapter in the book, and for investors like me who should wear bright green, it is a chapter to memorize.
After memorizing the fourth chapter, the next step for the reader is to continue Cramer’s training basics with the fifth chapter, where he addresses stock movements, large-cap investing, the importance of the Fed, and entry and departure on time. When it comes to getting in and out on time, Cramer has a wonderful recipe that most investors should learn to invest with.
The next chapter introduces Cramer’s ten commandments and twenty-five investment rules for choosing stocks. Then the seventh chapter shows how to create a discretionary portfolio. The following chapters attempt to identify the bottoms and highs with the final chapter outlining advanced strategies for the most daring speculators, and then an epilogue ends the book.
About “Real money”, the author says “This book is the synthesis of everything I have learned”. In fact, he shares a lot with readers and encourages them not to take a defeatist approach to investing. I sincerely believe that James Cramer wants everyone to be a winner.
Jim Cramer’s “Real Money: Healthy Investing in a Crazy World” is 300 pages long and hardcover with an ISBN: 743224892. The book contains Acknowledgments, Introduction, ten chapters, Epilogue and an index.
The author, James J. Cramer, grew up in Wyndmoor, PA and graduated magna cum laude from Harvard University. After working as a journalist for a few years, he returned to Harvard Law and earned a Juris Doctor degree. Later, Cramer worked for Goldman Sachs and created his own hedge fund company. Later, he co-founded TheStreet.com and went to work at CNBC, making his show “Mad Money” the most popular show on CNBC.
Besides “Real Money”, James Cramer’s other books are: “Confessions of a Street Addict”, “You Got Screw! Why Wall Street Tanked and How You Can Prosper” and “Jim Cramer’s Mad Money: Watch TV, Get Rich “with Cliff Mason.
“Jim Cramer’s Real Money: Sane Investing in an Insane World” is a real energetic book, which is very enjoyable to read due to the author’s chatty, comfortable and engaging style and sincere way of remembering his mistakes.
This book entertains and informs with brilliant ideas and great wisdom. Read it and you will see.