The Mad Man Of Wall Street
Shop for it:
(added from 1 site)
Description:
Jim Cramer wants to make you a lot of money. He's got plenty himself, so why does he bother? Before the market opens on a gloomy mid-October Friday, the hyperkinetic, red-faced Jim Cramer is pacing the floor of TheStreet.com...
See more »
Jim Cramer wants to make you a lot of money. He's got plenty himself, so why does he bother? Before the market opens on a gloomy mid-October Friday, the hyperkinetic, red-faced Jim Cramer is pacing the floor of TheStreet.com Inc.'s headquarters at 14 Wall Street. He's obsesssing over news reports: The Food and Drug Administration has seized thousands of allegedly faulty drug-infusion pumps made by Baxter International Inc. The company says it's trying to fix the problems as fast as possible. But Cramer is shaking down his "brain trust" of five twentysomethings for leads on which competitors stand to steal a march on Baxter. "Oh no. Come on!" bellows Cramer, 50, pulling up stock data on the panoply of Bloomberg screens that wallpaper his workstation. "We've gotta get on this!" he barks, launching out of his chair, sleeves rolled up, demanding research reports and calls to Wall Street trading desks and relevant executives. It's barely 9 a.m, but you already know that James J. Cramer will be talking, instant-messaging, writing, and fixating on this pump thing all day long. It's pouring outside for the eighth straight day. Across the street at the New York Stock Exchange, traders are digesting a bad inflation number that will likely spook the market lower for the third week in a row. It's one of those days that undoubtedly has the average Street drudge plotting his escape with the desperation of a Shawshank lifer. Cramer has been there and done that. He paid his dues in the '80s as a Goldman, Sachs & Co. (GS ) broker, followed by 14 years at Cramer Berkowitz, his $450 million hedge fund, where he earned an average return of 24% a year after fees. There, he had enough mega-paydays to kiss the Street hustle goodbye forever. With a net worth he says is between $50 million and $100 million, you might think Cramer would be out bronzing in St. Barts with daiquiri in hand.
See less »
Highlights:
Instead, he rises at 3.45 a.m. weekdays. After scanning headlines online, checking messages, and shooting e-mails to his TV producer, he works out in his Summit (N.J.) home gym until 5.30 a.m., when he calls traders and brokers...
Buy itbusinessweek.com
Added by 1 people