20 of 23 people found the following review helpful
What happened to Cramer?,
This review is from: Jim Cramer's Mad Money: Watch TV, Get Rich (Hardcover)I was a really big fan of Cramer when I first got into stocks around 2003. I listened to his radio show and he really seemed interested in helping investors, as his sole motivation. His call of what he called the "exquisite moment" was right on and triggered the beginning of a bull market circa the advent of Gulf War II. His sector calls were right on, too.
Not to say that Jim is no longer correct (but just by sheer volume, he's more like an index tracking mutual fund by making an opinion on several stocks (cf. the central limit theorem)), rather, his goals aren't the same. This is especially evident in this volume. It's mostly filler. The last chapter is pretty much vocabulary words from his show. Come on, what a waste of time.
I wish he would give some new, more difficult stuff to his readers. I mean, look, we get the basics. The more savvy investors just think that he's a joker, and novices go to him like a crutch. Also, I'm not sure why he has so much bad to say about analysts. I think these guys know a bit more about investments and markets, etc., than my Aunt Rose, armed with her quick and dirty sector analysis (read at home lightning round, see book).
Jim does get people excited about investing, though. Nothing really new in this book. His other book, Real Money is good if you're just getting started and trying to figure out how to maneuver the market. Or William J. O'Neill's book. I thought his (Jim's) emphasis of the valuation method of comparing P/E for next year vs. avg. consensus earnings for next year to get a P/E / Growth ratio is a good way to compare stocks and a good argument for why in fact, Google is cheap.
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Initial post: Jan 31, 2007 6:45:36 PM PST
Max Hammer says:
I'm going to add here--b/c I forgot to earlier--that I think Jim's emphasis on sector strenght/weakness is something that he tries to pound over readers' and viewers' head. This is something very important. Most stocks trade w/ their sector. In fact, the at-home lightning round gets teh reader to do just this. I'll up my review rating to 2.5 stars.
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