Cramer Exposed?

[madcowdisease]

Of course Jim is a man mired in controversy. But the following takes a deeper look in to his past as well as the present. Be sure to read parts 2 and 3 as well in order to see a more complete panorama.

http://www.deepcapture.com/jim-cramer-is-a-complicated-man/

http://antisocialmedia.net/?page_id=61

You can read the literature provided and if feeling hyper-motivated do some research on your own -- perhaps Trading With The Enemy would be a beneficial supplement. But, I refrain from thrusting my opinion forth as truth. Rather I will pose the question in contrast to what the author has concluded:

Could it be Jim is riddled with guilt for two decades of unethical conduct that Mad Money -- where he lambasts politicians and executives claiming to accouter the common man -- is his self-imposed penance?

[Gordo]

Those articles got the juices flowing and makes you wonder how much corruption is at the top. Privy info starts at the top and works its way down to the masses, but by then its to late.

[Survivor]

Fanstastic.

[englishman26]

Could it be Jim is riddled with guilt for two decades of unethical conduct that Mad Money -- where he lambasts politicians and executives claiming to accouter the common man -- is his self-imposed penance?


I think the article (which is well written and researched, I think) actually describes this better ; that is, that Jim has basically been driven crazy by his own personal demons and by the contradictory way that he has run his career and how he must now present it.

[madcowdisease]

Those articles got the juices flowing and makes you wonder how much corruption is at the top. Privy info starts at the top and works its way down to the masses, but by then its to late.

Ever seen the movie Wall Street? This is pretty much the jist of the whole movie outside of Bud Fox battling his blue collar roots vs. his white colar aspirations. It's how Gordon Gekko gets his edge on The Street anyway.

[Marxlaws]

That was a great find - nice post. I liked that guy. I picked opposite of his calls most of the time but I liked him.

[Rich]

This is just as serious.

Don really did his homework to prove that Cramer lied about BSC.
TheStreet.com changed things the next trading day!

This is also a pretty good site that I enjoy.

http://www.chrisperruna.com/2008/03/20/cramers-thestreetcom-sneaky/

[madcowdisease]

This is just as serious.

Don really did his homework to prove that Cramer lied about BSC.
TheStreet.com changed things the next trading day!

This is also a pretty good site that I enjoy.

http://www.chrisperruna.com/2008/03/20/cramers-thestreetcom-sneaky/

Pretty funny, I know. I think that link or one to the very same clip is buried in those links I provided at the top of this page.


I think I'm going to check my metropolitan library and see if I can't get Trading with the Enemy

[Rich]

http://youtube.com/watch?v=eJbF5MZ0rvg&feature=related

[wallstreetsedge]

i could literally watch those videos all day lol

[Rich]

Im curious as to why Jim never has his wife on the show? Maybe she's too smart to give up her 5th amendment rights?

Rich

[Jelly]

Im curious as to why Jim never has his wife on the show? Maybe she's too smart to give up her 5th amendment rights?

Rich

She wears the pants, if you read the books. I think he's owned and that's the reason he acts like he does.

Truly superior people are never seen. Like me.

[alexio]

i am so glad i found this forum... I am learning a lot, I used to follow jim cramer's every word... I guess there are no real gurus... must start doing my own reading and forget the bs

[Survivor]

i am so glad i found this forum... I am learning a lot, I used to follow jim cramer's every word... I guess there are no real gurus... must start doing my own reading and forget the bs

Cramer gets you interested in the stock market.
He seems to be a remorseful old dude trying to help people.
He's smart,you don't get where he is by being stupid.
He is a millionaire,so how he got there is irrelevant.
Many people would do the same thing for dollars.
Learn from him,and keep researching.

[DSNT]

I think Cramer was a product of the bull 90s where any competent fund manager could have succeeded. He wasn't as successful in the bear market of the early 00s, which is a big reason why he got out.

He is very smart as a member of the media. He has found a way to appeal to the retail investor. He even makes a few good calls, but of course he makes so many picks that he's going to get a few right. I'm glad he gets people interested in the market, but I think he costs neophytes a lot of money.

He is either bought or does a lot of favors for friends. I've noticed that he'll often change his mind in concord with other analysts of questionable repute, some of whom Byrnes nails him on. It seems too convenient that they change their tune at the same time.

[numbers]

I only like Cramer when he talks positively about a stock I already own. :biggrin:

[Rich]

But he doesn't even mention her on his show, he mentions his kids though.
That just doesn't seem like the Cramer I invision while reading his works, bragging nurmerous times about his wife but not once have I heared him on his show any indication that she exists. Oh well.
Last year I emailed him and suggested that viewers would love to have her as a quest. Now THAT would be an interesting show!!!

[DSNT]

I only like Cramer when he talks positively about a stock I already own. :biggrin:
Yep, sell on the Cramer bump. :top:

[numbers]

Last year I emailed him and suggested that viewers would love to have her as a quest. Now THAT would be an interesting show!!!

Did you at least get a reply at least from his assistant or something? It would be interesting to see what they said in response.

[Rich]

No, I did not recieve anything except the standard canned reply email that they recieved it.

[madcowdisease]

Just finished reading Nick Maier's Trading With the Enemy - Seduction and Betrayal on Jim Cramer's Wall Street. It is an extremely facile read - and relativley short at only ~185 pages. Personally, I was engrossed in the book and read half of it in a few hours at my metropolitan library only to be forced to put it down and resume the next day at home due to an event I had to attend.

It gives an insider's perspective to not only what it was like to be around Cramer - the vicious side he suppresses on TV - but the quid pro quo, quasi-illegal acts that transpire everyday on Wall St. Also, for those of us removed from the big city the author reveals the particulars of a life of a successful trader in Manhattan, though, the protagonist is underdeveloped.

I am going to pull Confessions of a Street Addict off my shelf and reread it to get Cramer's side of the story while Trading With the Enemy is fresh in my memory. I'm sure there is more than an element of truth to Nick's book but given that, chronologically, Confessions overlaps quite a bit and I want to get a complete panorama.

One thing I found funny is in Trading With the Enemy Nick makes reference to a few of Jim's quirks, such as referencing Microsoft as Mr. Softie and swearing Bud Fox in the movie Wall St. was modeled after him. I find it ironic Jim does not hold back these same sentiments as there is no dearth of these feelings in Confessions, although, Trading With the Enemy was written before Confessions lending some credence to the caricature that is portrayed in Trading With the Enemy. Also, there are many instances of phone smashing and monitor tossing in fits of rage which Jim has admitted to on his show before he became, as he refers to it, "a statesman."

Jim pursued Nick and his publisher, legally, when this book was released but for someone who has listened (on his old radio show) and watched (Mad Money) Cramer off and on since 2003 (radio show) I'm confident this book it more than a touch accurate.

I'm more convinced now than ever that Jim is a media hog consumed in his own feelings of inadequacy - that's what the show is about which first manifest itself in his writings in Smart Money, appearances on Good Morning America, and later TheStreet.com, Real Money and obviously, now, Mad Money. All of his self-imposed pressure to succeed inevitably led to him gaming the system in quasi-illegal acts to turn a buck. No doubt he pushed the envelope and deserves credit for getting it done, however, it's hard to like a guy that has a tarnished, unethical past. It wouldn't be so bad if he came clean but his image on TV is that he did it all the right way.

Again, I wonder if this is his self-imposed penance or he is so self-absorbed - basking in the media spotlight - that he knows he is putting on a charade. There's also the possibility he has absolutely gone off the deep end and no longer knows where the lie ends and his life begins - which I believe is the author's point in the article that precipitated this thread.


I'm likely going to try and reserve Liar's Poker and Michael Steinhardt's No Bull: My Life in and out of Markets next.

[Rich]

Great report on the book, Madcow,

Did the book mention the reason for its writting? I'm wondering if the author and Jim had falling outs or if it was just to write a book and make some bucks.

Also, anything about the personal life of his wife, since she was so deeply involved in Jims advance in life. I still can not find anything out about her........

Rich

[madcowdisease]

Great report on the book, Madcow,

Did the book mention the reason for its writting? I'm wondering if the author and Jim had falling outs or if it was just to write a book and make some bucks.

Also, anything about the personal life of his wife, since she was so deeply involved in Jims advance in life. I still can not find anything out about her........

Rich

There is an epilogue at the end of the book where the author states the book was written to "leave Jim behind." To me, this literary work was a catharsis of sorts where the author purged his past, made a little dough of course, and moved on. It is very colloquial, almost in the sense of a diary. There are elusions to the fact he may have begun writing this the last year he was there, further bolstering the diary theory.

To answer your question regarding Karen, no, this book does not discuss her in much detail. Other than a few sentences where she called Jim at work or they were at their annual end-of-the-year dinner and she may have argued with Jim about something. She evidently left to have their second child right as the author came to work for Cramer & Co. though she was there on his first day but not long afterward she split. Cramer is clearly the focus in this book.

[dochesgriff]

I'm pretty sure that Cramer is separated or divorced from his wife. He was once filmed on his farm for a 60 Minutes piece and in a later interview he mentioned that he doesn't have the New Jersey farm anymore....I think the Goddess got it.

[Diviner]

I remember Cramer doing an interview on Imus a while back (last year sometime?), and Imus asked him about his marriage, and Cramer's tone of voice turned into a whimper.. he didn't come right out and say it, but he strongly implied that the relationship was basically over.

[Rich]

Sad to hear about the marriage, but I would LOVE to hear her sometime and her views about stocks, that would be an interesting show for sure!

[skeet2008]

What I don't get is that even after all his schemes he resigned from Cramer Berkowitz with a reputation as mediocre hedge fund manager

[TN_INVEST]

http://youtube.com/watch?v=eJbF5MZ0rvg&feature=related

I think I saw him say sell at Dow 12,900 earlier this year. Missed the top, but 12,900 aint too shabby considering we're at 9,200 now.

[smartinvestor30]

Cramer knows all these fools on wall street they are all in bed together, he knew there was more trouble in the financials and in late summer he said buy it's time to buy financials again, what an idiot

and this wasn't for entertainment on Mad Money he said this on Stop Trading when he was with Erin Burnett

[madcowdisease]

Cramer knows all these fools on wall street they are all in bed together, he knew there was more trouble in the financials and in late summer he said buy it's time to buy financials again, what an idiot

and this wasn't for entertainment on Mad Money he said this on Stop Trading when he was with Erin Burnett

Was he advocating a trade due to TARP? Other than that I can't see any reason to buy these things. I hold a relatively small position in XLF (not at Cramer's recommendation) but will not take down anymore until we see signs housing and the economy might be bottoming.

[indexphp]

I just got my hands on a copy of the book. Thanks madcow for the review, I plan to examine it in more detail when I get the time.

[madcowdisease]

I just got my hands on a copy of the book. Thanks madcow for the review, I plan to examine it in more detail when I get the time.

You're welcome. It's a fun read.

[staffjam]

well i've read the links and have now ordered the book. You can't deny he's a talented man, but is certainly is a pain in the *ss

[doublereed]

What book? -- Is it called "cramer exposed" or are you talking about cramer's books?

[doublereed]

Nevermind... I think when I first looked at this I just clicked on last page and didn't realize there are 4 pages.

[leardriver]

Check this out


http://www.youtube.com/watch?v=j6XPg-gwzX0

[doublereed]

Yeah.... that's exactly the back door crap that I'm talking about. Cramer offered a big guy liquidity! and there's a 99.9% chance in my mind that he got some commission off of it.