Tuesday, September 15, 2009

Jim Cramer’s Getting Back to Even

Just caught this - my old boss Jim Cramer is releasing a new book entitled Jim Cramer's Getting Back to Even. Here is an excerpt from Amazon.com’s (AMZN) description;

In his new book, Cramer offers the most detailed guidance he has ever given on how to invest in a changed market. Savvy investors will not just survive; they will thrive. Cramer begins with six rules for protecting the money you have and making sure that you have the money you need. (Rule Number 3: Skip the first four stages of portfolio grief: denial, anger, bargaining, and depression.) Your portfolio won't fix itself; you have to do that. It's easy to close your eyes and pretend that it all never happened, but you'll never get back to even that way, much less profit from the opportunities that this new market offers to investors who know where to put their money. One key to making investment decisions is to watch what the mutual-fund managers are doing and -- better yet -- to anticipate their moves. Cramer tells you how to do this. Their decisions will move markets, and you want to profit from these moves.

When I started out at TheStreet.com (TSCM), one of the first things I did was read Jim’s autobiography, Confessions of a Street Addict. It is by far and away one of the best Wall Street books of all time – particularly when Jim discussed volatile years like 1991 and 1998. And unlike many hedge fund superstars, Jim isn’t afraid to show his dark side. Best of all – you can pick it up for just a few bucks on Amazon.

I’m eager to see how Jim’s insights on how to navigate the post-crash market, and whether his current bullish view of the economy /stock market is reflected in the book.

To read more about the book: Jim Cramer's Getting Back to Even


h4ns said...

Thank you for another essential article. Where else could anyone get that kind of information in such a complete way of writing? I have a presentation incoming week, and I am on the lookout for such information.
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infaweb said...

Sounds like a really good read. One definitely wants to thrive on a market like today when it seems like its hit or miss a lot of the times. Thanks for the tip!