A tour of Wall Street in the tradition of Liar's Poker also traces the life and career of the author, the co-founder of TheStreet.com and Smart Money magazine, from his Philadelphia childhood through his exploits as a financial journalist. 100,000 first printing.
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James J. Cramer is co-founder of TheStreet.com. After earning undergraduate and law degrees at Harvard University and working as a newspaper reporter, he joined Goldman, Sachs & Co., where he worked in the Private Client Services unit. In 1987 he founded Cramer, Berkowitz, a private hedge fund that he ran until 2000. Jim Cramer is the markets commentator for CNBC's "Squawk Box" and co-host of CNBC's "America Now," and host of the national daily radio program "RealMoney." He is "Bottom Line" columnist for New York magazine and continues to write for TheStreet.com. Mr. Cramer and his family live in Summit, New Jersey.
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 StreetA-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% 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 fascinatingchapters 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
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