Confessions of a Street Addict

Confessions of a Street Addict
by James J. Cramer, Jim J. Cramer

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Book Reviews of Confessions of a Street Addict

Book Review: Loved It..........
Summary: 5 Stars

Summary of Confessions of a Street Addict

James J. Cramer, co-founder of TheStreet.com takes listeners on a no-holds-barred tour of Wall street -- revealing 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 percent after all fees. He takes us from his fascination with the stock moarket as a middle-class kid in the Philadelphia suburbs to Harvard, where he began manging money. He brilliantly describes the life of a money manager -- the frenetic pace, the constant pressure to outperform the market, and the shark-like attacks fund managers make as they circle a fund perceived to be in touble.

With the rise of the Internet, he co-founded TheStreet.com, the online financial Web site. 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 audiobook 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.