Tuesday, April 22, 2008

Books of Jim Cramer, Host of CNBC Show "Mad Money"

Are confused about the Books of Jim Cramer, host of the popular finance CNBC show, "Mad Money"?

Here's an overview of the books.

  1. "Real Money: Sane Investing in an Insane World" is the book that Jim Cramer gave his hedge fund employees, when he was running a hedge fund. If you are a sophisticated investor and stock picker or wish to head towards that direction, this is the book for you. Jim Cramer has written down what he knows about the stock market.

    The Book includes sections on investing basics, spotting tops and bottoms, investing rules, creating your discretionary portfolio, and the popular business cycle/sector rotation chart.

    There is even a chapter on options and some advanced speculating techniques that Jim Cramer (most likely) intentionally left out in other books.

    Some would consider this book Jim Cramer's "Magnum Opus".

  2. "Real Money: Sane Investing in An Insane World" was a very good book. However, the book sometimes went over the heads of some people.

    Jim Cramer (along with nephew Cliff Mason), decided to write a book similar to "Real Money", but wrote it in a manner more accessible to more people. Chapters include ways to buy a stock Mad Money Style including "Knowing Yourself and Your Goals", lessons on how to do your stock picking homework, and how to buy using limit orders and buying incrementally.

    Jim Cramer also writes about selling stocks the right way and gives insight on how to watch Mad Money, from some behind the scenes insight on the "Lightning Round", information on how to watch the CEO interviews, new lessons learned including some buy and sell rules, background on how Jim Cramer Picks stocks on the show, and more behind the scenes "Mad Money" commentary.

    There is also an update of the popular Cyclical Investing Chart in the "Real Money" book.

    Since this book was intended for a wider audience, Jim Cramer does not include a section on options and advanced speculating techniques.

    If your first introduction to Jim Cramer is through the Mad Money show, and if you wish to pick individual stocks, perhaps this book should be the first "Jim Cramer" book to buy and read.

    Once you outgrow "Mad Money: Watch TV, Get Rich", you can purchase the "Real Money: Sane Investing in an Insane World" book.

  3. Both books, "Real Money" and "Mad Money" focused on individual stock picking.

    But to have an even wider audience, Jim Cramer (with Cliff Mason) decided to write "Jim Cramer's Stay Mad For Life: Get Rich, Stay Rich (Make Your Kids Even Richer)."

    "Stay Mad for Life" is more of a personal finance book and talks about 401k plans, retirement plans and even mutual funds (he does not talk much about mutual funds on his "Mad Money" CNBC show). He talks about budgets, credit card debt and following a budget and dealing with health insurance. Jim Cramer also writes about family finance and talks about getting children interested in investing.

    If you want to read a book from Jim Cramer focusing mainly on Personal Finance, this is the book to get.

    If you are interested in more in depth individual stock picking information, choose either "Real Money" or "Mad Money" books.

  4. If you wish to read Jim Cramer's fascinating autobiography, "Confessions of a Street Addict" by Jim Cramer, is the book to purchase. Read how Jim Cramer went from rags to riches and read stories about how he lived in a car for some time. He also mentions his experience during the infamous market capitulation of 1998, and the way he treated others in pursuit of the next trade.

    This book could become a compelling movie. Jim Cramer, on one of his Mad Money shows mentioned that some studio was thinking of making the book into a movie but Jim Cramer declined because they would have portrayed Jim Cramer as a bad guy, similar to Michael Douglas' character Gordon "Greed is Good" Gecko in the 1987 movie, Wall Street.

There are other products as well such as the "Mad Money" DVDs:
  1. Mad Money with Jim Cramer - Back to Basics
  2. Mad Money w/ Jim Cramer Back To Basics II: Invest Like A Pro

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