Read Jim Cramer's Real Money: Sane Investing in an Insane World by James J. Cramer Online

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Title : Jim Cramer's Real Money: Sane Investing in an Insane World
Author :
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ISBN : 9780743224895
Format Type : Hardcover
Number of Pages : 320 Pages
Status : Available For Download
Last checked : 21 Minutes ago!

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

  • Charles Kato
    2019-05-07 01:36

    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.

  • Qt
    2019-05-11 22:24

    Interesting book, interesting ideas/theories. Sometimes I thought things could have been explained a little more clearly, but maybe that's just me. I think that people who have some stock experience already would get more out of this one than complete beginners would; you don't have to be an expert, but if you need concise definitions and have never bought a stock, this may not be quite right. On the other hand, just reading these kinds of books, even if they're over my head, help me learn by immersion ;-)

  • Leonard
    2019-05-21 19:36

    For a long time I was a staunch critic of Cramer as I perceived many of his ideas to be reckless and dangerous. Having read his book I've done a complete 180. Not only did I enjoy the book, I watch his show on CNBC almost every day now. His insights are not earth shattering. Rather I would describe them as Advanced Common Sense. His book and show have helped me to identify why some of the stocks that I've invested in the past did not perform as I expected them to. Although he shamelessly plugs his book and TV show, I genuinely believe that Cramer's primary motivation is to educate people and help them succeed in investing. He owns his mistakes which is rare in this day and age. I've yet to read an analyst report that said "My bad, we blew it when we recommended BUY on this stock". The book is well laid out and the information is simple and easy to understand. Cramer describes almost everything by relevant analogies that I think most everyone can relate to. The book is all about empowering its readers as opposed to offering a get rich quick scheme. My only criticism of this book is his abundant use of SAT words that I had to constantly look up in the dictionary.

  • Irene Giannakakis
    2019-05-14 20:24

    Good information but at times it was over my head and hard to get through. Think he has valuable information and stories but maybe not for a beginner investor.

  • Mike Adeleke
    2019-05-18 01:33

    This book is a classic example of why you should always do your homework. For my short investment career, I've been led to believe that Cramer was a buffoon. I know now that that is extremely false.

  • Kyle Brown
    2019-04-22 19:35

    It's hard to rate this book after immediately reading it, mainly because this is the type of book that you read and then go do. And after you do what the book recommends, you can give it some time and truly evaluate. However, there's a lot of solid ideas in this book for the novice stock investor and Cramer is different in many respects to your typical stock guru. He embraces the gambling/speculating nature of stock picking and does make very good arguments for why the mainstream advice on stock investing can totally wreck a person's portfolio. This book is also 10 years old from the time I read it, so the examples he gives are of course dated and we didn't know in 2005 what sort of calamity awaited the markets in 2008. Overall, the book was fun to read, at least for me being a personal finance/investing junkie and the personal stories he used as examples helped flesh out the concepts. Something interesting I found in the very last chapter as he discusses shorting and options as "advanced strategies", he never mentions selling call options on stocks you own. He talks some about buying calls to get in on positions when you don't have the cash to buy the stock outright, but never mentions selling the call options when you own the stock. To me, this was a miss on his part - although you can't provide every strategy known to man in this short book. Selling the call options is a very conservative way to make some extra cash flow on your stock positions since the worst thing that can happen if the option is exercised is you have to sell your stock at a higher strike price than when you sold the call originally.

  • Daniel Frank
    2019-05-20 02:33

    I stumbled across Jim Cramer's "Real Money" while flipping through books at my local Barnes & Noble, trying to find some book to help me figure out investing. At the time, I had no idea who Jim Cramer was nor ever saw his show. Of all the books on the shelf, this one was the easiest to read and explained topics which were complex to me at the time in a way that was very clear and concise. I can easily attribute much of my understanding of some of the more advanced areas of the stock market to this book, which I found excellent in laying out the confusing world of Wall Street to the everyday investor.

  • Rahim
    2019-05-06 02:39

    Really disappointed in this book. The book is very dated and he is just bragging about himself most of the time. Far too much jargon and not enough real content. Sad because I find that beneath his entertainment act in TV, he does have solid advice. This book didnt convey that. Newbie investors will like it - he makes it seem too easy and trivializes it as a game. Although he does caution often about the risks, it gets lost in rest of the content. Watch his show rather than waste time reading this.

  • SteveR
    2019-04-24 18:25

    Bueha! Jim Cramer is loud and a madman on his TV program. You might not like his style, but this book is a good guide for investors or those interested in learning about buying stock. According to Cramer it's "not buy and hold" when it comes to stock. It's "buy and homework." This is good advise - i.e. if you're not willing to spend time (1 hour per week) on each stock you own, don't invest in equities.

  • Gray .K
    2019-05-07 19:36

    This book had a very interesting idea of how to invest but to me I feel it was just to hard to understand the basics of the investing going on in this book. I need the book to go in depth on were to invest money and how instead of listening to technique to make more. You need more background information before you can do those technique therefore this book was hard for me to understand. If this book described the basics of investing I would like it much more.

  • John Stone
    2019-05-07 01:50

    Unfortunately, this did very little to make the reader a "real" investing guru. I wasn't convinced that you can get rich quick nor understand stock market details well enough to attempt it. Invest for the long term in mutual funds that index the market.

  • Tim Owens
    2019-04-27 01:32

    I've read a lot of investing books and this one is not one of the best. I love to watch Cramer on CNBC because he is so entertaining. His first book Mad Money is better for an investor like me.

  • Taylor George
    2019-05-08 02:26

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

  • KingCabrera
    2019-04-29 02:34

    A Must ReadCramer is the best. This book really is a great guide to investing. If you want to learn the basics pick this one up and get reading.

  • James Wilcox
    2019-04-25 23:48

    This is one of the best books I have read on personal finance and investing.

  • Stuart Berman
    2019-05-20 00:50

    Good general advice about investing in stock.

  • Paul Banik
    2019-05-12 20:47

    It offered a lot of practical advice about investing. It's the first book I read of his. I will probably buy more of his books eventually, but there are other books I need to read first.

  • Matthew Kowalski
    2019-04-25 00:44

    This book is about the rules that governs cramers trading.about his rules that have helped him win in good and bad markets.he wants you to win and he wants you to know the games that others are playing with you.so further lets get to the body of the work that cramer has laid out for individuals with investment on the mind.His chapter listing is as suchStaying in the gameGetting started the right wayHow stocks are meant to be tradedSome investing basicsSpotting moves before they happenStock picking rules to live byCreating your discretionary portfolioSpotting bottoms in stocksSpotting TopsAdvanced Strategies for speculatorsEpilogue IndexStaying in the gameis the essence of investing of not quitting when the going is rough and to continue doing homework even when the tides seems as though it is against you.the fact of tides is that they recede as they also come.It talks about intelligent investing and that no investor has infinite bullets to get it right so you have to be making good calls to stay in the game.Stay tough so that you can get past the really bad years because the stock market is cyclical.Getting started the right wayThis chapter is very important it talks about cramers interest in speculation as well as the fact that he decries the buy and hold mentality. At some point you have to sell and no one is going to tell you when that time is so you have to figure it out for yourself. So this chapter takes you on a tour of thinking of thinking about the angles and playing them because you must.He warns of penny stocks and shell companies and how you have to be on your guard so you are not taken by these companies so that you do not loose all that you have worked so hard for. This chapter talks about paychecks and how they almost never have enough left over to do any thing that really matters with. Thats part of the reason why I want to invest I want to be able to carry out the things that I have been thinking of so long with the environment of my creation. Rules that beyer created that cramer thought was important 1 If you only learn from mistakes you will not repeat them 2 Only go to the tracks where there aren't lots of good players so you can clean up 3 Only bet on situations where you have total convictionIt takes homework to be a trader.This chapter also discusses some of the things that happen when you are going to have an ipo.How stocks are meant to be tradedMultiple * Price = EarningsPrice / Earnings = MultipleLimits allow you to set prices without having to pay unless the trade is executed.Multiples are often set improperly for small lesser known companies. When the economy turns down debt can be a real killer.Some investing basicsThis chapter discusses the idea of where your portfolio may want to be depending on risk and age. Although he certainly says that even early on some of your cash should go to retirement investments. Speculation is part of the key to his achievements. As time goes on you have to shift your focus so that you can live well as time passes. Separate your speculative pool from your retirement pool. Diversification is the only free lunch on wall street. At least five stock for diversification and one hour per week with those stocks for homework. Make sure you are investing in viable companies before you measure growth. Long term growth to determine purchases vs dollar amounts.Shared ideascramer and buffett both follow the paperbuffett cramer and soros look for their inadequacies and change in situationsbuffet and cramer believe in homework and keeping up with whats going on.buffett and cramer, soros lived through some tricky deals and still have done well.Spotting moves before they happenThis chapter talked about the specifics of a one point move and its exactly what you think its a large purchase by large brokerages or other people with large amounts of assets buying a large amount of assets. Market dislocation and fully valued sectors. Looking for big moves when you are looking for these moves you are focusing on the paper and the paranoia of the people. The psychology and the psychology of fear and the game that is generated by the psychological factors that make people make bad decisions because they are not keeping it together under stress and duress.Different techniques and rules cramer uses for each cohort and discuss. Rotational catalysts shift group to group depending on macro backdrop. estimate revision catalystssecrets of large cap investing.24 percent year no down years because he figured out the markets and which companies where going to beat expectations.what happens when the fed changes things how it squeezes and expands cash flow. Cyclical buy and sell chart on pg 115.the value of cash in some markets.the importance of the fed.sell in time.valuing companies40% management30% fundamentals15% technical analysis15% alpha factorStock picking rules to live byTacticswealthy money is impatient.rules of the trade never turn a trade into an investment your first loss is your best loss its okay to take a loss when you already have one never turn a trading gain into an investment loss tips are for waiters you don't have to profit to sell control losses winners take care of themselves don't fear missing anything don't trade headlines don't trade flowtwenty five investment rules to live by bulls and bears make money pigs get slaughtered its okay to pay taxes don't buy all at once arrogance is a sin look for broken stocks not broken companies diversification is the only free lunch buy and homework not buy and hold no one ever made a dime by panicking own the best of the breed its worth it he who defends everything defends nothing or why discipline trumps conviction the fundamentals must be good in a takeover don't own too many stocks cash and sitting on the sidelines are fine alternatives no woulda shoulda coulda expect corrections don't be afraid of them don't forget bonds never subsidize losers with winners hope is not part of the equation be flexible when high level people quit a company something is wrong patience is a virtue giving up is a sin just because someone says it on tv doesn't make it so always wait thirty days after earnings preannouncement before you buy never underestimate the wall street promotion machine be able to explain your stock picks to someone else there is always a bull market somewhereCreating your discretionary portfolio you will do time consuming sometimes tedious homework spend an hour per position per week doing research you must be interested in business you must have someone to talk to about the idea cramer can't encourage you to quit you have to endureSpotting bottoms in stocksLook for balance sheets that are out of whack vs long term fundamentals. first thing he gauges is market sentiment. capitulation crescendo bottom sell offs the only people left are the people not moving. catalyst.find the bottoms and buy and sell some on the way up.Spotting TopsLook for tops and sell before tops so that you don't kill your market appreciation. Competition caps companies as well as taking from them if a move happens in the other players zone. When ever management is vague it is a top because management wants to show off good results. Over expansion a company cannot handle its growth this causes a top. Government blindside, this happens when the gov changes rules and you get unexpected consequences. When retail cannot expand any more it hits a top. Fad stock tops occur when the fad is depleted of its energy and it's not going to go anywhere from there. Accounting mayhem things with the books seem cooked you have to get out. The grilled egg top you have to leave because its to hot and being in to long with force loss. Advanced Strategies for speculatorsThe arithmetic of buying callscall optionprice = purchaseprice * 100 * optionshortsBooks that Cramer recommendsReminiscences of a stock operator by Jesse Livermore - psuedonym Ed LefevrePicking winners by Andy Beyer

  • Michael Glantz
    2019-05-17 22:47

    great for beginners however very broad and doesn't break down analyzing companies well. P/e and eps, and management may get you to research a great company but shouldnt be the only to aspects you look at.

  • Alberto Lopez
    2019-05-19 22:41

    Besides the fact that his investing insight is much welcomed, I just like Mr. Cramer's very human side.

  • Hundeschlitten
    2019-05-03 20:49

    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.

  • Rajual T.
    2019-05-06 02:42

    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

  • Rachel
    2019-04-26 21:38

    I feel like although he gave excellent advice at times and is a very direct, bold writer, I feel like the book was a little hard to follow. He gives advice, but nothing too exact sometimes. In the second half of the book he refers back to step-by-step advice given within the first couple of chapters, but except for his explanation of the P/E ratio, I didn't feel like he had given such step-by-step advice. I feel like this book is better suited for someone who isn't as fresh to the stock market. This book probably deserves a better rating, but I (being new) felt often confused by what he was talking about. I will say that the last three chapters were very useful. I had been trying to understand options for a while and I felt like he made it very clear with excellent examples. Although I said chapters 8 and 9 were helpful, there were still some parts in which he sounded redundant or confusing.

  • Satvik A
    2019-04-27 21:25

    This book was made to show you how to make investing decisions in the stock market game. It tells you how to think about investing and the way you should make decisions. If it's been going up, it's not always best to invest. If a major person in a company like a CFO, suddenly leaves, the stock tends to drop. But on special occasions like Halloween, investing in candy is almost always a go. The Author of this book; Jim Cramer, is an investor who has his own show "Mad Money" on CNBC, he used to be a hedge fund manager, but he makes money of stocks. He sells books, and hosts his show to kind people all across America with stock making decisions. My father used to watch his show so much, some of the first few phrases I knew were from the show, for example "buy, buy, buy" and other phrases were repeated a lot, so they got stuck in my head and I would say them.

  • Fred
    2019-05-02 23:29

    Goal setting, analysis, homework, how to trade, when to trade, what to look for and a lot of specific ideas aboutstocks, sectors, trends and market timing. Much different than the traditional conventional wisdom. No shortcuts,study and do your homework. Discipline is your best friend. Throw in a lot of enthusiasm and a little humor for spice.This guy is amazing - he knows it and he is able to convey it. I believe anyone could follow his advice and make money.I didn't find anything to disagree with and I'm a tough critic on these matters. I've already put this one down to re-readnext year and reinforce the rules and disciplines that he recommends and followup on my own investing. There are greatideas, thoughts and experiences in here. The book is way more organized, complete and thoughtful than his TV showwhich sometimes drives me nuts.

  • Lucie
    2019-05-08 00:27

    Overall I liked this book. There are plenty of tips and valuable information to pick up stocks for your portfolio and understand how to spot tops and bottoms. I liked Jim's "buy and homework", it's not bad to trade if you want to trade, you don't need to keep the stock forever. What I disliked about this book: On each chapter Jim talks about Wall Street gibberish, but I believe there's nothing wrong to use technical analysis or chart analysis to get additional information. I do my homework, but I like using other tools, too. Not everyone out there is a fool, that's what I felt when reading about Wall Street People. Anyway, I recommend this books to anyone starting in the stocks business. But IMHO, don't take it as the only and right way to trade, read a lot and use common sense and make your own strategy!

  • Robert R Woolridge
    2019-04-24 21:46

    Solid book on finance. Jim Cramer is a enthusiastic fella whose sincerity is often marred on television for the sake of entertainment. His book Real Money fixes that, highlighting Jim's personal recollection of trades, triumphs and tragedies. And some American history too. All layed out in the land of the market. As a newbie to stocks/securities, I found Jim's advice very helpful. Like a good high school teacher giving you constructive criticism in economics class.For fun -- if you enjoy Jim's over the top energy, I recommend getting the audio version of Real Money. As Jim reads it in his own natural voice. (No screaming or chair throwing here)

  • Leonard Woods
    2019-05-05 18:22

    Excellent book with a lot of valuable advice and delivered with Cramer's classic wit. I think his best comments were in regards to spotting tops and bottoms. I didn't find his valuation advice to be quite as helpful (though certainly a good primer for beginners). I do wish he went a little more in depth with some of the valuation techniques, but this probably wasn't the place for that sort of stuff. It was a truly entertaining read (his real life stories are great illustrations of his points and hilarious), and I would strongly recommend it to anyone interesting in getting into equities.

  • Bethany
    2019-05-07 23:28

    This is not a book that I could read "cover to cover" - I stopped somewhere in the middle and plan to pick it up again later. There are chapters, but the whole book seemed to be one continuous stream of thought, so even though I didn't get to the end I feel like I have "read" the book. I thought it had great advice that I could actually understand, and Cramer was witty enough to keep my attention. This is the first book on investing that I was able to actually read, comprehend, and not fall asleep. So for that, it gets three stars!!!

  • Laura (Kyahgirl)
    2019-05-15 00:26

    I can't stand authors that 'yell' at you but James Cramer has so many good points to make that I'm managing to persevere anyway. I have too many personal finance books on the go so it will take a bit longer to finish. Update: I skimmed the rest of the book and put it away. The last half of the book is mostly about buying and selling stocks and 'beating' the market. I am years away from trying anything like that. I actually don't think this is a strategy I'll ever try so it seemed a waste to spend more time on this book.