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I have become a huge fan of Jim Cramer's show "Mad Money" on CNBC, which I now watch every night. The show is great, and I think it really plays well to the ADD American Culture. This book is much more valuable than the show, and reading it makes you understand how Cramer thinks better. Cramer was a successful hedge fund manager, and that was no fluke. Still, so many people misuse his advice and they get burned by doing so.
The subtitle to Real Money is "Sane investing in an insane world" That is exactly what the book is. It is a shelter to this insane world. People think of Cramer as this trading wacko that does not work for most people. Why do they think that? Well Cramer is against the whole "Buy and hold" philosophy that many novices are taught. He instead advocates for "Buy and Homework." That is the thing about Cramer, he is not giving anyone a get rich quick scheme. What is does do is show you how you can beat the market, if you put the time in.
It's not easy, but this book is a great guide to understanding all the wall street gibberish. You want to know what a PEG ratio is? Well you ought to if you gonna invest in a company. Cramer's book is a great one I would recommend to anyone who is considering taking the time to run their own portfolio, like me!
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