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Jim Cramer’s Real Money: Sane Investing in an Insane World (Book Review)

In the beginning of “Jim Cramer’s Real Money: Sane Investing in an Insane World” inside the acknowledgements, James Cramer says: I got rich using commonsense principles, not elite precepts and training, and I know you can, too,” and those principles are what this remarkable book is about.

In the first three chapters, the author talks about his investing years, the mistakes he made, and how his wife Karen showed him the difference between investing and trading. As a result, I got the sense that, for Jim Cramer, investing is doing it in a grand style with highly profitable returns and little risk; although, he advises taking risks carefully and doing an enormous amount of homework and getting lots of practice in trading.

What that homework consists of is dealt in chapter four, “Some Investing Basics.” In my opinion, this chapter is the most important chapter in the book, and for investors like me who should be clad in bright green, it is a chapter to memorize.

After memorizing the fourth chapter, the next step for the reader is to continue Cramer’s training basics with the fifth chapter where he tackles stock moves, large cap investing, the importance of the Fed, and getting in and out on time. When it comes to getting in and out on time, Cramer has a wonderful recipe that most any investor should learn to invest with.

Next chapter hands out Cramer’s ten commandments and twenty-five investment rules for picking stocks. Then, the seventh chapter shows how to create a discretionary portfolio. Following chapters are about spotting bottoms and tops with the final chapter outlining advanced strategies for the more daring speculators, and then, an epilogue ends the book.

About “Real Money” the author says” “This book is the distillation of everything I have learned.” In fact, he shares a lot with the readers and encourages them not to have a defeatist approach to investing. I sincerely believe that James Cramer wants everyone to be a winner.

“Jim Cramer’s Real Money: Sane Investing in an Insane World” has 300 pages and is in hard cover with an ISBN: 743224892. The book contains Acknowledgements, Introduction, ten chapters, Epilogue and an index.

The author, James J. Cramer, grew up in Wyndmoor, PA and graduated magna cum laude from Harvard College. After he worked as a journalist for a few years, he went back to Harvard Law and obtained a Juris Doctor degree. Next, Cramer worked for Goldman Sachs and created his own hedge fund company. Then, he co-founded and went to work in CNBC, making his program “Mad Money” CNBC’s most popular show.

In addition to “Real Money,” James Cramer’s other books are: “Confessions of a Street Addict,” “You Got Screwed! Why Wall Street Tanked and How You Can Prosper,” and “Jim Cramer’s Mad Money: Watch TV, Get Rich” with Cliff Mason.

“Jim Cramer’s Real Money: Sane Investing in an Insane World” is a real book with energy, which is very enjoyable to read due to the author’s chatty, comfortable, and engaging style and his sincere way of looking back at his mistakes.

This book entertains and informs with brilliant ideas and great wisdom. Read it and see.

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