Jim Cramer's Real Money: Sane Investing in an Insane World
by James J. Cramer

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Book Summary Information

• Confessions of a Street Addict
• Jim Cramer's Mad Money: Watch TV, Get Rich
• Jim Cramer's Stay Mad for Life: Get Rich, Stay Rich (Make Your Kids Even Richer)

Book Reviews of Jim Cramer's Real Money: Sane Investing in an Insane World

Book Review: Beginner's Guide to Informed Speculation
Summary: 3 Stars

Naturally, it's then exciting to tell your gut-wrenching stories of hard-fought wins with beginners to make them feel like part of the fast-money crowd. It's part of what draws people to attend events where celebrities are present.

But few people will be able to read this book and start making great speculative investment decisions. But many people will think they can.

If you want to read this book for fun, that's fine. Just don't start following this advice. Real Money won't get you there.

Here are the best lessons in the book:

1. His explanation of how sector rotation among industries occurs along with tightening and loosening of interest rates by the Federal Reserve.

2. Diversify to control risk.

3. Beware of Wall Street hype.

4. Check hope at the door.

5. Giving up on value is a sin.

6. Buy damaged stocks of good companies with great prospects.

7. Don't buy all at once.

8. Do your homework and stay on top of your positions.

9. Keep most of your money out of speculations.

A major weakness of the book is that Mr. Cramer focuses on the U.S. markets at a time when the gains from non-U.S. markets have been magnificent. That's like teaching someone how to use a portable calculator to create spread sheets rather than using Excel on a portable computer.

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