But I'm not writing a testament to Jim Cramer.
If the public wants to better understand the inner workings of Wall Street, read this book. It may make some think again about what it takes to beat the market, and it will probably scare off some who think they can. The book would be of tremendous value to Wall Street up and comers or those who think they want to head in that direction - to get a true feel for the game, and what a game it is. As "Confessions" shows us, Wall Street is about big money and good coverage...and of course relationships (most importantly perhaps, having a good strong, wickedly smart "woman" by your side.)
Great work Jim. Your style and story make for a great read.
If you're a Cramer-Hater, you'll love the book because he fesses up to his many flaws and you'll feel vindicated for despising him. You will, of course, then log onto Amazon and write a lousy review because it just kills you to think that Jim Cramer might make a buck from his book. If you're a Cramer-Lover, you'll enjoy this book immensely because it's vintage Cramer-you've gotta take the bad with the good. I came away with the impression that he is his own worst critic-although from the vitriolic reviews I've read here, I'm going to re-think that conclusion. But love him or hate him, if you trade in today's market (or if you blew out in 2000 and want to know where you went wrong), you need to read this book. No responsible trader or market watcher should ignore any book written by someone like Jim Cramer. After all, this isn't a popularity contest, it's about learning as much as you can about your craft. And even if you aren't a trader, this book is an entertaining read because Wall Street has just become too big to ignore.
This book is what it claims to be: the confessions of a "street addict." I stayed up past midnight to finish it, and I trade from the West Coast. I will also read it again.
So is this what hedge fund managers spend their day doing? Is this what trading was to Cramer & Co. (manipulating and in cahoots with Wall St. analysts)? Are analysts nothing but cheerleaders for their favorite stock of the day?
Oh, what a web of deceit and collusion Wall St. is...