Confessions of a Street Addict Book Review

Confessions of a Street Addict, by James J. Cramer: This is not a how-to investing book, but more along the lines of an autobiography, pertaining mostly to Jim Cramer’s investment career. The story begins with his childhood fascination with stocks and their quotes in the newspaper. Cramer then tries his hand at journalism and law school, but he always had that inner desire to be picking stocks and knew that’s where he needed to be. It was quite amazing to me to see that times were rough before Jim finally made his investment career successful and he actually lived out of his car for a while as a struggling journalist. Once landing in law school he made some shrewd investments that paid his way.
The rest of the book is the progression of Cramer from broker to hedge fund manager to ‘retirement’. If you love investing and you love the stock market, this book is a must read. If you are looking for tips on how to pick stocks, you should read Jim Cramer’s Real Money instead. As someone who has been fascinated with stocks and the market since about the 6th grade, I loved the inside look at the hedge fund business and read this book cover to cover in just a few days.