Customer Reviews:
James Cramer's Read Money :Sane Investing In An Insane World June 23, 2008 Jim Cramer's books and tv programs provide expert help to every investor; however, as a small investor on a fixed income with small investment money available at 77 woman, I have to be very cautious with my money. I am confidence in anything that he says. If he makes a mistake, he steps up to the plate and says,"I called it wrong, let's do something about it." His writing and TV program are not only an inspiration to me, but have given me the confidence to influence my grandchildren to learn from Jim as I have done. Thanks a million, Love ya, Jim, Peggy Wildman Dallas,Texas 75205
Great Listening. A must for amateurs like me June 9, 2008 Very easy to understand book. The author knows the audience very well and the strong and weak points about them. He has tried honestly hard to make sure the amateur stock investors learn the tricks of the game and equip themselves with knowledge they need before venturing into a brutal game of stock investment.
Hey -- It's Jim June 3, 2008 In this poor old world, we all need money to stay alive and care for our loved ones. Jim's books are a great place to start, a terrific review, and a fresh perspective on trading. Whether you trade for a living or just trying to build up that nest egg, Jim's books will help. Just don't get so carried away with money that you forget what it's really all about.
not for leisure May 31, 2008 1 out of 1 found this review helpful
When I first checked this book out, I found it too boring and abstract to hold my interest...mainly because of the chapters about how the market works and how hedge fund managers trade. But then I revisited the book and spent some time with these chapters and realized the value of the information and also realized I had learned alot since I first approached the book which made it more interesting to me the second time around. Now Cramer insists he is a bottoms-up investor/trader, but this book has alot of top-down strategy in it. As far as the stock rules, well yeah they are common sense, but forcing yourself to follow them is a a whole 'nother story. Common sense can deviate when put into actual practice, otherwise we'd all be thin and beautiful, right? His strategy is like a diet, it requires willpower to be successful. This book may be beyond the beginner and unhelpful for advanced investors, but it is great if you know a little more than the average person walking down the street. Like Suze Ormond states, alot of people spend time in denial or hiding from their money situations.
be a better investor or a better client May 20, 2008 Can one book make you an expert money manager? I don't think so, but as Cramer writes, "You have to learn to be either a better investor or a better client; there is no other choice." So in that context, this book offers great insights and lessons learned from his career as a hedge fund manager.
For those who want to manage their own portfolio, Cramer prescribes a "buy and homework" style, rather than buy and hold because companies can lose their edge due to new competition, regulatory changes, etc. He says you need a minimum of five stocks in different industries to be diversified, and you need to spend an hour per week per stock doing your homework.
For those who don't have the time or the inclination to do the homework, he recommends some mutual funds on pages 198-201. Most mutual fund managers underperform the index funds, and Cramer provides some reasons why.
Cramer is a good writer, with a refreshingly candid style. I also enjoyed his previous book You Got Screwed, which opened my eyes to the conflicts of interest which abound in the financial industry.
|