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Confessions of a Street Addict
Confessions of a Street Addict
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Author: James J. Cramer
Publisher: Simon & Schuster
Category: Book

List Price: $26.00
Buy New: $5.80
You Save: $20.20 (78%)
Buy New/Used from $5.80

Avg. Customer Rating: 4.5 out of 5 stars(167 reviews)
Sales Rank: 35898

Languages: English (Original Language), English (Unknown), English (Published)
Media: Hardcover
Number Of Items: 1
Pages: 320
Shipping Weight (lbs): 1.1
Dimensions (in): 9.3 x 6.2 x 1.3

ISBN: 0743224876
Dewey Decimal Number: 332.6092
EAN: 9780743224871
ASIN: 0743224876

Publication Date: May 13, 2002
Availability: Usually ships in 1-2 business days

Editorial Reviews:

Product Description
In the most candid look at Wall Street since Liar's Poker, James J. Cramer, cofounder of TheStreet.com, radio and television commentator, and for years one of Wall Street's premier money managers, takes readers on a no-holds-barred tour of life on Wall Streetrevealing how the game is played, who breaks the rules, and who gets hurt.

Everyone on Wall Street knows Jim Cramer, and Cramer knows Wall Street better than anyone. For fifteen years he ran Cramer, Berkowitz, one of the Street's most successful hedge funds with a compounded annual return of 24% after all fees. In Confessions of a Street Addict he takes us from his fascination with the stock market as a middle-class kid in the Philadelphia suburbs to Harvard, where he began managing money. After an apprenticeship at Goldman, Sachs, Cramer set out on his own with his wife, Karen, the "Trading Goddess," as his partner. Cramer brilliantly describes the life of a money manager -- the frenetic pace, the constant pressure to outperform the market and other fund managers, and the shark-like attacks fund managers make as they circle a fund perceived to be in trouble.

At the same time that he was managing money, Cramer was one of the best-known commentators on the financial markets. A former president of the Harvard Crimson, Cramer had been a newspaper reporter before he began managing money. While he was a fund manager, he wrote for SmartMoney and other publications, making him one of the first money managers to offer insight and analysis from inside the world of finance. With the rise of the Internet and online publishing, he co-founded TheStreet.com, the online financial Web site. In one of the most fascinating chapters in this book, Cramer takes us inside the IPO of TheStreet.com, where he found himself a knowledgeable but helpless onlooker as his own Web site came on the market at an unrealistically high price that it never reached again, a harbinger of the dot-com disasters that would soon haunt the stock market.

Throughout the book Cramer is characteristically outspoken, outrageous, and candid about everyone, himself included. There has never been a high-wired, high-octane book about Wall Street like this one.

Amazon.com Review
It's hard to think of anyone more intense or opinionated, or who wears as many hats as James Cramer. In Confessions of a Street Addict, the man who first made a name for himself on Wall Street successfully managing his hedge fund--and then became famous on Main Street with his manic appearances on CNBC--tells the improbable story of his career as journalist, Wall Street pundit, Internet entrepreneur, and television commentator. For the most part, Cramer manages to avoid the self-congratulatory hype that mars so many books of this ilk; in fact, what makes Confessions so compelling are the shots that Cramer takes at himself, be it his now infamous capitulation during the stock market panic of October 1998, when he wrote a piece for TheStreet.com advising readers of an impending crash just as the market began to rebound, or the callous way he treated so many around him in pursuit of the next trade. Here's an informative, honest, and rollicking read for fans of CNBC, TheStreet.com, or anyone who has ever lost sleep thinking about their portfolios. Highly recommended. --Harry C. Edwards


Customer Reviews:   Read 162 more reviews...

5 out of 5 stars Great Book   October 20, 2008
Great book about Jim Cramer's life as a young author to being one of the most powerful wallstreet traders.


5 out of 5 stars The Cramer You Never Knew   October 4, 2008
  1 out of 1 found this review helpful

This is a great book. I've watched Jim Cramer on television, but never knew the whole story. From his days working as a reporter, to his time at Harvard Law School, on to Goldman Sachs, and eventually his own hedge fund. This is an up close and personal look at one of America's favorite money men. I highly recommend this book.


4 out of 5 stars Cramer like you wouldn't recognize from TV   September 9, 2008
I enjoy watching Cramer's Mad Money tv show, but I had no idea how chaotic his career was before he had the show. I just assumed he made lots of money and everything was hunky dory. It was not, you have to read the story to believe it.


5 out of 5 stars Loved It..........   July 16, 2008
If you like Cramer even a little you will truely enjoy this book. It really helps to understand where he has come from, and how he got to where he is today.....
I have passed this book along to many and they also loved this easy read. I, too, believe it would make an interesting movie....enjoy.



5 out of 5 stars An amazing biography   June 10, 2008
James Cramer wrote a great autobiography. I love the show and wanted to learn more about the host. After hearing about this book, I bought it and read it without stopping. Cramer begins with his childhood and describes all the seasons of his life. His time in college, LA and at Goldman Sachs. I enjoyed reading about someone who never quits. There were many times in his life when he could have given up, but he never did. He also shows the importance of having someone in your life who always believes in you no matter what. To me, this novel shows the hard work and grit that are required to become great: whether you are lucky or not.


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