Book description
This work offers a summary of the book "JIM CRAMER'S REAL MONEY:
Sane Investing in an Insane World" by James Cramer. James Cramer is
an acknowledged expert in investment. He hosts the US nationally
syndicated radio program, Real Money, a columnist for New York magazine
and a market commentator for CNBC. Previously, he was an extremely
successful hedge fund manager. In Jim Cramer's Real Money, he takes the
reader through his investment philosophy. Cramer warns readers to beware
of people giving universal rules, because they aren't any: instead,
realize that your strategies will be personal to you and dependent on
your (changing) goals. The rules of trading and the rules of investment
are different, but most people fail to make the distinction. He takes
the reader through the best strategies for both approaches. For example,
he recommends that when you buy for trade, sell once your scenario has
played out, whether you are in profit or loss; but if you buy for
investment, you will hold on for longer. Cramer explains how to
research, how to limit your losses and how not to fall into fashion
trading traps. He suggests diversification and flexibility, and gives
warning signs every investor should look for. Jim Cramer's Real Money is
a blueprint that everyone can follow, and a guidebook that every savvy
investor should read, digest and keep.
