Jim Cramer's Real Money: Sane Investing in an Insane World
Author: James J Cramer
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.
Publishers Weekly
After telling the story of his own trading days in Confessions of a Street Addict, Cramer appeases fans hoping for advice on how to duplicate his success with their own investment portfolios. But not without some strong caveats: his approach requires devoting at least an hour a week to educating yourself about each stock you own. But since most pros are "rank amateurs themselves," anyone willing to do the work should consider getting in. Cramer breaks down the fundamentals of his investment approach, built on the twin principles of diversification and speculation: while most of your portfolio should contain reliables like oil, financials and blue-chip companies, 20% percent of your money should go toward a slightly riskier bet on a company's future ("owning a stock is a bet on the future, not the past"). He also explains techniques for figuring out when to buy rock bottom stocks and sell the ones that have hit their peaks. Cramer drills his main points over and over, which can get repetitive on the anecdotal level but reinforces the simplicity of his message: investing is for anybody willing to put the time into learning how to do it right. His enthusiasm should prove inspiring, and even investors on the wrong side of Wall Street's recent shakeups may find the courage to get back in the game. Either way, Cramer's radio, TV and print platforms are sure to make this one another hit. Agent, Suzanne Gluck at William Morris. (Apr. 5) Copyright 2005 Reed Business Information.
Dale Farris - Library Journal
Cramer, author of Confessions of a Street Addictand Jim Cramer's Mad Money, among other books, and cohost of CNBC's Kudlow & Cramer, made hundreds of millions of dollars for investors while managing money for 38 of the world's wealthiest families. He applied his investment skills to his currently successful CNBC Mad Moneyprogram, which features Cramer's now familiar antics, unusual sound effects, and savvy investment advice. While Confessionstold the story of his early trading days, Cramer now helps listeners learn how to duplicate his success with their own portfolios, how to become really rich, not just make ends meet. He explains commonsense principles that enabled him to establish his financial success and makes it clear that investing is for anyone willing to devote at least one hour a week to learning how to do it right. Explaining his two fundamental principles of diversification and speculation while focusing a portfolio on tested reliables such as oil, financials, and blue-chip companies, he suggests allowing 20 percent of investment funds for riskier bets on the future of companies ("owning a stock is a bet on the future"). He also covers techniques for figuring out when to buy rock-bottom stocks and when to sell the ones that have hit their peak. He divulges how to make money in speculation, reveals his Ten Commandments of Trading, and discloses his Twenty-Five Rules of Investing. Cramer's infectious enthusiasm, his plain-speaking approach, his personal success story, and his always entertaining and thoroughly committed narration will inspire listeners as much as his television persona. While this solid material covers similarfinancial investment advice already on the shelves, Cramer's extensive TV, radio, and print notoriety will make this a certainty for all public libraries. Note that the CD contains additional text and graphic files that can be printed for reference. Highly recommended for larger public libraries and university libraries supporting a business curriculum.
Library Journal
Cramer describes his special brand of "prudent speculation." With a six-city tour. Copyright 2004 Reed Business Information.
See also: The Elephant and the Dragon or McIlhennys Gold
Egonomics: What Makes Ego Our Greatest Asset (or Most Expensive Liability)
Author: Dave Marcum
and/or stickers showing their discounted price. More about bargain books
Table of Contents:
Ego and the bottom line: why managing the power of ego is the first priority of business 1The ego balance sheet: the four early warning signs that ego is costing your company, and the three principles of egonomics that turn it around 21
Early warning sign 1-being comparative: how being too competitive can make us less competitive 38
Early warning sign 2-being defensive: the difference between defending ideas and being defensive 55
Early warning sign 3-showcasing brilliance: how intelligence and talent can keep the best ideas from winning 74
Early warning sign 4-seeking acceptance: how our desire for respect and recognition gets in our way 89
Humility: opening minds and creating opportunity for change 100
Humility, part II: intensity and intent: using humility as a bridge to turn silence or argument into vigorous debate 137
Curiosity: how different types of curiosity unlock our minds and conversations 168
Veracity: how to make the undiscussables discussable, and closing the gap between what we think is going on and what's really going on 199
Appendix 229
Notes 235
Acknowledgments 249
Index 251
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