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

ISBN: 0743224892
ISBN 13: 9780743224895
By: James J. Cramer

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About this book

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.

Reader's Thoughts

Gary

great introduction to investing, but read a lot more before jumping right in because not everything is as wonderful as he makes it sound. For example, he talks about the stock market being up over the past 30 years, and therefore it will be up over the next 30 years, but the stock market has been down the past 11 years so... learn some terms, get excited, try it out, but this is a crash course.

Jackie

So... I can definately say I learned alot from this book... unfortunately I don't actually know enough about investing in the stock market to comment on whether I learned more or less than i would have from another book... my hope is to read a few more books on investing and then revisit this review :)A side note, if you listen to this as a book on tape, the author's voice may really, really annoy you.

JP

This had more depth than I expected from what I've seen on TV. Jim Cramer delivers thoughtful ideas about trading in an entertaining format. If at times sensational, it's all derived from an authentic energy. Cramer challenges some fundamental concepts, such as the dichotomy between investing and trading, while soundly backing others, such as the importance of diversification and risk management. I've read enough in this genre to start rating books by whether they offer something new. This one certainly does.

Mike Suter

This man has an ego as large as his bank account, which is presumably enormous. His writing is a bit rambling, but his insights into buying stocks are excellent. He advises "homework" without always describing where to find all the data, however his overall view of strategies are excellent, and he does tackle both market cycles for more speculative investing, and longer-term investing for retirement. Recommended.

Rajual T.

I am not the biggest fan of Jim Cramer, I find that more often than not his "picks" are incorrect, but every once-in-a-while, even a blind squirrel finds a nut. I think at this point Cramer has published one too many books that are beginning to repeat others. However, I do find his books to be more useful than his television show, and I think he does a good job at explaining in detail fundamental investing information very effectively. My problem with the book is that I feel it leaves the reader hanging. There are too many occasions where it seems like a cliff hanger, a good chapter than leaves me with questions, perhaps waiting for the next book. Of Cramer's work, I don't think this is best. Try the book below for a better read:Confessions of a Street AddictConfessions of a Street Addict

Thomas Janeway

Jim grows on you like moss on the dark side of bark. At first blush, he's loud, morning zoo zany and LOUD. Beyond the noise, reading his books are totally sane. The knowledge is possess is vast and brilliant. Don't underestimate his nuggets. Every investor's portfolio ought to include this book. Skip universities. This book delves into the hard knocks of street smarts. Become a disciple of this guru and you will become richer for it.

Hundeschlitten

When I first caught this guy on CNBC (while at work), I couldn't believe that a major network was giving this blow-hard that much air time. Eventually, I started to warm to his sheer obstreperousness, and when he was the only guy in the media last autumn to call it like it was and note that the Fed was about to dilly-dally its way into allowing a wholesale collapse of the global financial markets, I began to sit up and take notice.I've since come to the conclusion that Cramer is one of the smarter investment guys out there. There are several ways to skin a cat, and while a lot of folks try to find an investment trend and ride it for all its worth (the trend is your friend, the saying goes), I've always favored Mencken's philosophy that no one has ever gone broke underestimating the intelligence of the American public, that American capitalism is built on a false confidence in an indivdual's ability at any given time to know what the hell is going on, and that the best way to make money is to wait for fear to overpower greed in the market.... it is at these moments when you can either short the market or wait for things to get cheap enough to find some great buying opportunities. Well, that's not exactly Cramer's philosophy, but he does start with a basic premise that is spot on, namely that you make money either buying good companies during the times when the market lets them get too cheap, or you ride the waves of irrational exuberance higher, knowing that's it's all B.S. and that the the market will signal when to get out ahead of all the suckers. I like the information in this book. As a futures trader, I don't know much about stocks, but this book has given me a host of practical strategies that make sense and that don't dwell in the pie-eyed fantasy world of most financial analysts, who are far too complacent in the moral and practical superiority of their free market abstractions.

Taylor George

Fav. Quote, "Nobody cares about your money like you do."

Brendan

This book is a great read for anybody interested in learning about the stock market. It has a wealth of information about how the markets work and how to use the information in financial statements to find out if a stock is over valued or undervalued.

Kathy

I enjoyed reading about smart investing. However, I would only recommend this to a young, wealthy person with tons of time on their hands who would like to spend 30 hours a week to research companies so that they can GAMBLE in the stock market. I doubt this book would do much for anyone without 20 years of experience behind them in active investing. But I got smarter about stuff by reading it. It has some secrets in it!

C.J. Cato

I started listening to Jim Cramer about a decade ago when I was still living in South-East Austin. There was a 50,000 watt AM station (WOAI) being broadcast out of San Antonio that was somehow able to get coverage all the way to me, some 80 miles away. As I drove around town I would listen intently as Jim would invite me and my leaky 1989 Ford escort to join him in a piece of the action. He was exciting, motivating, and usually right. Cramer was my first real glimpse into the finance world, and ten years later I still listen to him with just as much interest, (no pun intended). I can't help but think that in some small way, the years of enthusiasm Cramer has given me in regards to the market is most likely one of the reasons I will begin work on a Master's degree in Finance this coming year.. After many moons of listening to Jim on the radio and then his television show, "Mad Money" over on MSNBC, I decided to take the time to read one of his books. He's written several, but I chose, "Real Money - sane investing in an insane world." I wanted to read this introductory book on the stock market because I had questions; questions so embarrassingly simple that only a conversation between me and Jim's silent text could provide the privacy I needed while overcoming the learning curve. Jim came through for me big time. I was baffled before I had bought the book as to why if you buy a stock from a company, and the company won't buy it back nor pay you dividends, that it is worth anything at all... I was baffled as to what use the P/E ratio was to me, or why do some investors tell you to keep your money in the market even when everything is falling. The answer to those and dozens of other obtuse and seemingly simple questions are cleverly sorted out in Jim's book. Because of that, this is a must read for any novice or intermediate investor.Cramer's Twenty-five Rules for Investing1. Bulls, bears make money, pigs get slaughtered. 2. It's OK to pay the taxes. 3. Don't buy all at once. 4. Buy damaged stocks, not damaged companies. 5. Diversify to control risk 6. Do your stock homework. 7. No one made a dime by panicking. 8. Buy best-of-breed companies. 9. Defend some stocks, not all. 10. Bad buys won't become takeovers. 11. Don't own too many names. 12. Cash is for winners. 13. No woulda, shoulda couldas. 14. Expect, don't fear corrections. 15. Don't forget bonds. 16. Never subsidize losers with winners. 17. Check hope at the door. 18. Be flexible. 19. When the chiefs retreat, so should you. 20. Giving up on value is a sin. 21. Be a TV critic. 22. Wait 30 days after preannouncements 23. Beware of Wall Street hype. 24. Explain your picks. 25. There's always a bull market.

Jim

Cramer is sometimes embarrassing on his show but he is not without knowledge and ideas. The book is accessible and has good contents. I don't agree with his emphasis on timing the market by investing in cyclical businesses. I recommend as a first book on investing: The Warren Buffett Way.

Thor

Yes, Jim Cramer is an egotistical, obnoxious blowhard, but that doesn't mean he's an idiot. He knows his business, and if you can get around his clown-like antics, you may learn a thing or two about investing.

Jay

Read this book first. Jim Cramer is my hero. In today's information age, Jim is the voice of reason and experience. He provides the average person the means to succeed on Wall Street. If you are thinking about investing, then read this book and then read it again. This book discusses general investing.

Duane Leon

Found the content ok but he spent a lot of time talking about himself. Some of the content will be over the average investor head v

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