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Posted April 25, 2011
Having read all of Cramers books, this was the last I read and not his best. I was expecting more details about a couple of the companies. Was also a rather quick read and where his other works will likely be on my desk as a reference this one probably will remain on the book shelf or loaned to someone.Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.
Posted September 30, 2003
Not much effort put into writing this book.
This book could of been writtin by Jim Cramer over the weekend while sitting in his bedroom. There does not seem to be any research put into this book and Jim Cramer could of easily wrote this book from memory. If you spend even a small amount of time following the stock market, then there will be nothing new to you in this book. I thought that Confessions of a Street Addict was a great book because it showed what actually went on behind the scenes on Wall Street. But if you already know that a stock that is losing money and selling at 300 times sales is a bad investment, then you will find this book boring.Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.
Posted January 29, 2003
A little bit of Cramer
This very short book is pure Cramer. Enjoyable reading. He tells it like it is and places blame for the market collapse of the past three years. This book is really an opportunity for Cramer to complain about the past and to warn investors not to be duped again. For me the highlight is that he posts a list of his personal investments on a web site, and encourages readers to consider copying him to achievce a balanced and safer portfolio. I wish he had added the suggestion of writing coverd calls to make that portfolio of stocks even safer and more profitable.Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.
Posted November 19, 2002
Current information + street smarts = Excellect Investing Book
The bottom line: this book has great content and is a joy to read. I took this book with me on a 7 day Caribbean cruise and had a great time reading it under the coconut trees of St. Maarten and Antigua. Being away from CNBC, Wall Street Week, and the constant media attention to the stock market was a welcome reprise. And so was this book. At first glance this book may seem a little bit light on information. It¿s only 117 pages long at a time when we expect about 300 pages from a typical John Wiley-type finance book. But it¿s not the number of pages that counts, it¿s the information, personal interpretations by Cramer, and solid financial wisdom that matter. By the time I actually got around to reading this book (on those great beaches), I must say that I truly enjoyed it! The book is divided into 3 very distinct parts. The first part is about how the public got totally screwed by Enron, Worldcom, and Rhythms Net type scandals. Since all of these events were so recent it doesn¿t take long before you start recalling all the pieces of information that came out about these cases. Mr. Cramer does a nice job of taking us all back to those days and recapping what went wrong. Each one was revealing in its own unique way. And yes, we got screwed! The second part pinpoints the other culprits in the stock market¿s two and a half year demise (and giant NASDAQ crash!). Cramer reminds as of the all-stocks-all-the-time mentality that came to be at the market¿s peak. Also the potential danger of executive options, shady accounting, too many one-way mutual funds, and always bullish brokerage firms. And by the way, these culprits are still at today!!!!! And finally, there is the last section about what to do. Here is current advice and simple guidelines to avoid getting screwed again in the future. Some of the gems are: 1) Have some bonds for income 2) Have some cash for annual buying opportunities 3) Buy stocks in incremental ¿get your feet wet¿ amounts 4) Buy at least 5 stocks from 5 different industries 5) It¿s okay to sell 6) Sell some on the way up 7) Sell your losers because bad stocks may not go up at all 8) Know your stocks and how they make money so you have a feeling of their value. 9) Buy index funds for diversification and low expenses 10) Hedge funds are better than mutual funds in concept. Here¿s something to research more on. Mutual funds are financial products who¿s time has gone. For those readers who want an enjoyable read, who watch CNBC, have an interest in tech stocks, and feel like they were screwed and want to avoid it in the future, here¿s a book for you. It¿s a reminder of how to keep your head when things get too crazy on either the upside or downside. A very timely piece!Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.
Posted November 18, 2002
This is a fantastic overview of the recent horrors of Wall Street. More importantly Jim gives insight not only into what happened but HOW it happened so you can know more of what to look for when you go out speculating for future investments. The final section gives some of Jim's advice on stock selection and portfolio management. No punches were pulled. This is some essential reading for anyone who is a follower of the Stock Market, new to investing or has some questions about better ways to approach investing.Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.