Jim Cramer's Stay Mad for Life: Get Rich, Stay Rich (Make Your Kids Even Richer)
by Cliff Mason, James J. Cramer
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Book Summary Information
Author: Cliff Mason, James J. CramerEdition: Hardcover
Audio: English (Original Language); English (Unknown); English (Published)
Published: 2007-12-04
ISBN: 1416558853
Number of pages: 269
Publisher: Simon & Schuster
Accessories:
- Confessions of a Street Addict
- Jim Cramer's Real Money: Sane Investing in an Insane World
- Jim Cramer's Mad Money: Watch TV, Get Rich
Book Reviews of Jim Cramer's Stay Mad for Life: Get Rich, Stay Rich (Make Your Kids Even Richer)
Book Review: Cramer's Track Record Better Than Comedian's
Summary: 5 Stars
I've been a fan of Jim Cramer's for years, read this particular book several months ago, and think it's great advice for anyone trying to make sense out of the baffling world of investing.
The message Cramer delivers is really quite simple: Be patient, be consistent, and don't fret over short term bear market fluctuations. Investing is for life; consequently, rather than panic over our current fiancial plight, look for opportunities to buy low, and once you do, hang onto them for life.
In recent weeks, Cramer's credibility has been challenged by someone with tremendous credentials in comedy, but I've yet to see any of his expert advice on investing anywhere.
Jon Stewart, or the executives in charge of his mock news comedy show, decided the stock market collapse should be blamed on someone, so they decided to target Jim Cramer. After all, he made some sort of recommendation that didn't pan out, so in a country that loves to pick on high profile people who make mistakes; Stewart thought he'd ridicule Cramer on national television. After all, it would be good for ratings.
I don't really believe Stewart thinks Cramer is bad at what he does for a living; however, his disregard about damaging a good guy's reputation for the sake of a ratings point seems classless.
I'd suggest to anyone interested in building long term wealth to buy this book. I'd also suggest we focus our attention on the root cause for the current economic meltdown; for example, the general lack of productivity in big business, thanks to the questionable leadership tactics of many CEOs in Corporate America.
Cramer's smart, but he can't prevent ineptitude in major corporations from happening; and he shouldn't be blamed for it, either; by a comedian, no less.
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Summary of Jim Cramer's Stay Mad for Life: Get Rich, Stay Rich (Make Your Kids Even Richer)
Jim Cramer, bestselling author and host of CNBC's Mad Money, has written the ultimate guide to lifetime investing for readers of any age.Whether you're a recent college grad trying to figure out how to start investing, a young parent struggling to decide where and how to put away money, or someone well into middle age and worried about whether you've saved enough for retirement, Jim Cramer's Stay Mad for Life has the answers. Cramer covers all the essentials: how to save, where to invest, which pitfalls to avoid. He offers valuable advice on everything from mortgages to college tuition. He explains what professional money managers do right that amateur investors do wrong. Because there is always a bull market somewhere, Cramer tells readers where to find the bull markets of the future, and for those willing to do the homework, he chooses twenty stocks that could be long-term moneymakers. For those who don't have the time or the temperament to invest in stocks, he identifies the mutual funds that are proven winners. He's investigated these funds by using his own twenty-five years' experience managing money for himself and dozens of America's wealthiest families. Throughout, in addition to his own enormously successful experience, Cramer draws on rigorous research to back up his advice.
Jim Cramer is America's #1 financial guru. Every day he advises investors on how to get ahead of the markets and stay ahead on his daily television show, Mad Money; in his online columns and commentary at TheStreet.com; in his popular "Bottom Line" column in New York magazine, and on television programs from early morning to late night. His books have all been national bestsellers and have helped educate hundreds of thousands of investors about the perils and promises of the financial markets. USA Today called him "the media's most electrifying market pundit"; and his legions of fans agree. Jim Cramer's Stay Mad for Life is the definitive money book, a practical, concrete, insightful book of invaluable financial advice that is a joy to read.
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