Investing, Reviews 

Trading With the Enemy

Email  Print Print  

Trading With the EnemyTrading With The Enemy: Seduction and Betrayal on Jim Cramer’s Wall Street, written by Nicholas Maier, relives Nick’s experience working for Jim Cramer at his hedge fund, Cramer & Company, from 1994 to 1998. I picked up the book because it details the inner workings of Jim Cramer’s hedge fund and I always enjoy these “inside look” type books and this one did not disappoint. If you’re familiar with Jim Cramer or his hot show Mad Money, you’ll know that he always seems to be a madman on television. The intensity he shows on that show is a mere fraction of how intense he can get when real money is on the line and you never see the mean streak on television. In the book, Jim throws monitors, screams at brokers, and basically is insane while managing hundreds of millions of dollars and managing it quite well. Don’t screw up because you’ll might not even live to regret it.

The book will reveal a lot of insights on the inner workings of Wall Street (Cramer & Company pay six cents a share traded, way more than a private investor, but there is a reason for that – “you get what you pay for”), what it takes to be a power player in the markets, and why Jim Cramer acts the way he does. It’s really an eye opening learning experience, to be perfectly honest, because it’s amazing how much information is passed around before they hit “official news.”

How much of it is embellished? I have no idea, it was published in 2002 before Mad Money premiered but after Jim Cramer made a huge name for himself, and the author acknowledges that many are reading it just to learn about Jim Cramer. I bet some of it is since he quotes things from memory, so take that with a James Frey grain of salt, maybe a little smaller grain though. Still, a fun read if you have a lazy Sunday afternoon free.

Amazon doesn’t have any more copies but they do have a summary and some reviews available, your best bet is to try to find it in your local library.

{ 1 comments, please add your thoughts now! }

Related Posts

RSS Subscribe Like this article? Get all the latest articles sent to your email for free every day. Enter your email address and click "Subscribe." Your email will only be used for this daily subscription and you can unsubscribe anytime.

One Response to “Trading With the Enemy”

  1. mikestreb says:

    I haven’t read this book, but did read two of Cramer’s books. They were okay. He seems intense even in his books.

Please Leave a Reply
Bargaineering Comment Policy

Previous Article: «
Next Article: »
Advertising Disclosure: Bargaineering may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website.
About | Contact Me | Privacy Policy/Your California Privacy Rights | Terms of Use | Press
Copyright © 2016 by All rights reserved.