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| acdawg712 |
 Posted: Fri Mar 03, 2006 6:30 am Post subject: Here's a recap of everything Cramer has ever done |
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Investing Associate
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QUESTION: Why did Apple (AAPL:Nasdaq) shares fall after they announced new products?
-- G. (received 3.2.06)
Jim Cramer: The problem was that the products just weren't exciting enough. The iPod Nano set the bar pretty high for new product introductions from Apple, and the new stuff like the HiFi just didn't meet those expectations.
QUESTION: What do you think of variable annuities?
-- A. (received 3.2.06)
Jim Cramer: I think investors have to be very careful with variable annuities. The annual fees are often very high and the sales commissions can be outrageous. Investors interested in variable annuities should very carefully research these issues, because they can be a big drag on returns.
QUESTION: Jim, what do you look for in bond funds?
-- V. (received 2.28.06)
Jim Cramer: Generally speaking, I like bond funds with solid long-term performance records and low expense ratios. With bond funds, the expense ratio is key because they eat into returns very quickly.
QUESTION: How do you deal with losing trades from a psychological standpoint?
-- D. (received 2.28.06)
Jim Cramer: The best way to deal with a losing trade is to understand what went wrong and try to learn from it. The more you learn about your losers, the less likely you'll repeat the same mistakes in the future.
QUESTION: Do you recommend using limit orders?
-- B. (received 2.27.06)
Jim Cramer: I believe that investors should always use limit orders, which allow them to specify the maximum price to pay for a stock. This is especially important when trading at the open, where market orders are basically invitations for a bad price.
With its high finding costs, Newmont Mining (NEM:NYSE - commentary - research - Cramer's Take) is no longer a best-of-breed mining company, and it must make an acquisition if it wants to get the title back, Jim Cramer said on CNBC's "Stop Trading" segment Wednesday.
Cramer said he prefers Goldcorp (GG:NYSE - commentary - research - Cramer's Take), which is "cheaper and a better play."
1. Cisco, Juniper Find New Foe
2. Google Tempers Growth Worry
3. Today's Tech Winners and Losers
4. The Five Dumbest Things on Wall Street This Week
5. Elan Stung by Research Report
Regarding Genentech's (DNA:NYSE - commentary - research - Cramer's Take) 0.8% fall Wednesday, Cramer said investors were focusing on a weak forecast for cancer treatment Avastin and ignoring good clinical news for Rituxan. "I think they go substantially lower without the Ritxuan news."
Among tech stocks, Cramer said Seagate (STX:NYSE - commentary - research - Cramer's Take), Motorola (MOT:NYSE - commentary - research - Cramer's Take) and Texas Instruments (TXN:NYSE - commentary - research - Cramer's Take) are "telling a great story" at a Goldman Sachs conference. He said a source even praised Sun Microsystems (SUNW:Nasdaq - commentary - research - Cramer's Take), evidence that "every dog truly has its day."
Cramer reiterated his distaste for loose-lipped executives at Google (GOOG:Nasdaq - commentary - research - Cramer's Take), saying CFO George Reyes should lose his job after his comments on growth prospects Tuesday. "Reyes is the CFO that I least like today," Cramer said. Otherwise, the stock is "terrific."
James (Jim) Cramer (born February 10, 1955) is an American television personality, former hedge fund manager, and author. He is currently CNBC's Mad Money host, director of TheStreet.com and host of WOR radio show, Real Money with Jim Cramer.
Contents [hide]
1 Biography
2 Criticism
3 Trivia
4 Authorships
5 Books about Cramer
6 References
7 External links
[edit]
Biography
Jim Cramer grew up in the town of Wyndmoor, Pennsylvania, outside Philadelphia. He went to Springfield Township High School. He learned the value of a dollar by selling ice cream at Veterans Stadium during Philadelphia Phillies games. Cramer graduated magna cum laude from Harvard College in 1977 where he was an editor of the Harvard Crimson. After college, he worked as a journalist at the Los Angeles Herald Examiner. He went back to school to get a Juris Doctor degree from Harvard Law School and, after graduating in 1984, went to work in Goldman Sachs' Sales & Trading department.
In 1987, he started his own hedge fund company, Cramer Berkowitz. After a stellar 2000, Cramer's fund finished up the year +36%, compared to -11% for the S&P 500 and -6% for the Dow Industrials. Cramer then retired from the hedge fund business, turning the company to his long-time partner, Jeff Berkowitz. While Cramer's success in producing high returns for his fund was unmistakeable, he began to concentrate on his passion for journalism.
He co-founded TheStreet.com and is the Markets Commentator and Advisor to the CEO, Thomas Clarke, Jr., and went on to work at CNBC, where he was a host on America Now and Kudlow & Cramer with Lawrence Kudlow. He now has a radio show called RealMoney Radio and his own television show focused on stocks, Mad Money with Jim Cramer. He exhibits his encyclopedic knowledge of equity securities during the Lightning Round segment on Mad Money where he quickly analyzes stocks suggested by callers. One of the popular catchphrases on the Mad Money is "Booya," which seems to have taken the form of a greeting as well as an enthusiastic celebration. Also popular is his ritual of throwing his chair across the studio before the Lightning Round, as well as throwing his book -- Jim Cramer's Real Money--Sane Investing in an Insane World -- whenever a caller mentions it on air. Thanks to his energetic rhetoric, his insightful analysis of stocks, and his off-the-wall antics, Mad Money has become CNBC's most popular show.
In 1988, Cramer married his wife, Karen, whom he refers to as the "Trading Goddess" (Karen was a professional trader herself; Cramer claims that she earned the nickname before the two met). Karen stopped trading full-time after the birth of their first child in July 1991. They currently live in Summit, New Jersey, with their two daughters.
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Criticism
Cramer has been accused of being a "stock pumper" (i.e., making positive comments on stocks not because he truly believes what he says, but because he wants to see the stock price skyrocket). Critics often use the nickname "The Weathervane" to describe Cramer, whose outlook will rapidly oscillate between bearish and bullish following the prevailing market sentiment.
A former employee of Cramer's named Nicholas Maier authored a book, Trading with the Enemy, in which he accused Cramer of front running stocks by feeding rumors to CNBC's Maria Bartiromo which would affect the value of his positions. Cramer denied the charges.
He is also said to have exhibited a violent temper at his hedge fund, characterized by screaming at his employees and throwing telephones and computers when he was unhappy with his results. In his interview with 60 Minutes, Cramer admits to having had a problem with his temper, and after speaking with his dad (who said he would outlive Cramer if things continued as they were) Cramer left the hedge fund business.
On February 7, 2006, Jim Cramer was subpoenaed by the SEC over an issue with Overstock.com which Jim Cramer denied.
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Trivia
Cramer appeared, as himself, in the third season opener and finale of the TV series Arrested Development.
Cramer refuses to shave his goatee out of "superstition" (though he has not stated specifically why). CNBC has requested him to do so (the remainder of its broadcasters are clean-shaven); however, since Mad Money is CNBC's highest-rated show, CNBC has apparently not demanded he do so (and most likely would not due to Cramer's and the show's popularity).
According to the January 11, 2006 edition of "Mad Money," Cramer does not like it when people call him Jimmy. Other episodes, when a caller refers to Jim as "Mr. Cramer", have Cramer saying that Mr. Cramer is his dad.
According to the January 17, 2006 edition of "Mad Money," Cramer has Attention Deficit Disorder.
On an episode that aired January 31, 2006 Cramer mentioned that he received a mining company stock, that is now worthless, as a Bar Mitzvah gift. This was mentioned during the segment on Caterpillar stock (one of his "top 10" American industrial stocks). It can thus be inferred that he is, or once was, a member of the Jewish faith, though he has not discussed his religious views publicly.
In November of 2005, Cramer was featured on the show 60 Minutes.
At Harvard College, Jim Cramer took seven courses on the subject of Communism. During his "Mad Money College Tour" at Harvard Law School, one student asked him if he is now or was in the past a member of the Communist Party, to which Cramer responded cryptically that although he had a portrait of Vladimir Lenin (who he claims to resemble physically) behind him while he was the editor of The Harvard Crimson, he said that he believes Karl Marx was "dead wrong" when it came to making money. He has not clarified whether he is a supporter of Communism, but has said that his show is "perhaps the best argument yet in favor of Communism" because he believes that shareholders should not shy away from buying stocks in companies whose policies they may find morally reprehensible if they think that they will make money from the stocks. He has also said that "morally" he is in favor of unions, but tends to favor investing in companies whose workers are not unionized, such as Toyota Motor Company.
In addition to his television and radio shows, Jim Cramer also does a daily segment called "Stop Trading" at about 3:30pm on CNBC on days when the market is open.
When a caller talks for too long without mentioning a stock, Cramer has been known to take a blanket and pillow, each with the "Jim Cramer's Mad Money" logo featured prominently, and take a mock-nap.
The toy bulls and bears that Cramer often plays with on his show have recently become a highly sought-after commodity on Ebay; he throws them to audience members during the tapings of his show where he has a live audience, and during such events as his "Mad Money College Tour". The even rarer Jim Cramer talking bobble-heads are also highly sought commodities.
Jim Cramer's 'Cramerica' references are similar to those of the fictional business created by Cosmo Kramer on Seinfeld called 'Kramerica'.
[edit]
Authorships
Cramer has written anecdotal and economics books.
Jim Cramer's Real Money: Sane Investing in an Insane World ISBN 0743224892
Confessions of a Street Addict ISBN 0743224876
You Got Screwed! Why Wall Street Tanked and How You Can Prosper ISBN 074324690X
[edit]
Books about Cramer
Trading With The Enemy by Nicholas W. Maier. Maier was sued by Cramer due to a suggestion that Cramer was the subject of an SEC investigation of IPO practices. [1]
[edit]
References
Barnes & Noble.com - Fortune Tellers: Inside Wall Street's Game of Money, Media and Manipulation Chapter One: The King of all Media, Copyright © 2000 by Howard Kurtz
Action Alerts PLUS - Bio
NBC Cable Networks - NBCCableinfo.com - CNBC James Cramer
MSN Money - CNBC TV: Investing Mad Money
In the Money, continued, Balance Sheet, article about Cramer and other law alumni, from the online Harvard Law Bulletin
The Unofficial James Cramer FAQ
[edit]
External links
Mad Money Recap - Cramer's "Mad Money" Recaps, tracks all comments and stock picks posted after 6pm show; includes lookup tool for previous stock picks
TheStreet.com, Cramer's "Mad Money" Recaps
CramersMadMoney.com - Jim Cramer Mad Money forum
Beat Jim Cramer! Website aiming to forecast Cramer's picks before he announces them
Blog with info on Cramer picks Blog with info on Cramer picks
Performance Tracking Site Performance Tracking Site
Cramers Charitable Trust - Jim Cramer's charitable trust website-all profit goes to charity
[2] - Podcast page for Cramer's nationally syndicated radio show.
insidemadmoney.org - an inside look at Cramer's Mad Money
Wikiquote has a collection of quotations related to:
James Cramerhttp://jcinvesting.blogspot.com/ -Investing W/Jim Cramer Blog, Providing Investment Strategy, Analysis of Cramer's Picks
Quicktime Video of Jim Cramer's Signature "Lighting Round" on MAD MONEY (6MB)
Retrieved from "http://en.wikipedia.org/wiki/James_Cramer"
Categories: 1955 births | Living people | American financial writers | American lawyers | American money managers | American radio personalities | American television personalities | Broadcast news analysts | Business leaders | CNBC | Columnists | People from Pennsylvania
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| rykarde |
| Posted: Fri Mar 03, 2006 7:05 am Post subject: |
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Investing Sr. Associate
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Hmm .. that is alot of info ...  |
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| Benjamin |
| Posted: Fri Mar 03, 2006 7:06 am Post subject: |
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Now that was a profitable post...for acdawg712.  |
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| akh098 |
| Posted: Sat Mar 04, 2006 1:21 am Post subject: |
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good information. nice post.  |
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| Im Not Warren Buffett |
| Posted: Sat Mar 04, 2006 6:02 pm Post subject: |
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Ok Chern, never post something like that again. I'm serious. Did you even type any of those words, or was it a flat copy-paste?
Although I'm happy to see you joined up with another account...  |
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| nickspcs |
| Posted: Wed Mar 15, 2006 5:30 am Post subject: |
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| PJD Enterprises |
| Posted: Fri Mar 24, 2006 9:26 am Post subject: |
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Investing Sr. Associate
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| Cramer combines extreme emotion with useful stock tips, unveling many of the emotions stock investors feel every market day. |
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| The Jersey Devil |
| Posted: Fri Mar 24, 2006 9:27 am Post subject: |
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Investing Manager
Joined: 20 Mar 2006
Posts: 254
This Month: 0
Location: Sewell, NJ
60920.70 e$
Net worth: 80,196.70
Portfolio Value: 19,276.00
Monthly Return: -4.69%
Trades this month: 0
Churn Rate: 0.00%Items
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| Im Not Warren Buffett wrote: | Ok Chern, never post something like that again. I'm serious. Did you even type any of those words, or was it a flat copy-paste?
Although I'm happy to see you joined up with another account... |
^^^^^This is why I told the 2 of you NOT to do that anymore  |
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| betrdanevr |
| Posted: Thu Apr 27, 2006 6:43 pm Post subject: |
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| Im Not Warren Buffett wrote: | Ok Chern, never post something like that again. I'm serious. Did you even type any of those words, or was it a flat copy-paste?
Although I'm happy to see you joined up with another account... |
Please give us a valid reason why a copy/paste of presumably valid data is not worthy, or else some justification of why you think your smart-*** quip is leading us to useful info. |
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| bigdave |
| Posted: Sat Apr 29, 2006 3:23 am Post subject: |
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Investing Sr. Associate
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| some good info there thanks OP! |
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| Im Not Warren Buffett |
| Posted: Sat Apr 29, 2006 8:44 pm Post subject: |
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CFO
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| betrdanevr wrote: | | Im Not Warren Buffett wrote: | Ok Chern, never post something like that again. I'm serious. Did you even type any of those words, or was it a flat copy-paste?
Although I'm happy to see you joined up with another account... |
Please give us a valid reason why a copy/paste of presumably valid data is not worthy, or else some justification of why you think your smart-*** quip is leading us to useful info. |
First off... attitude. Specifically, don't give me any. I don't feel I have to justify anything, but I will this time in order to explain the site's policy. Second... you're about a month late. That too is alright though, I'm going to let it go.
Why did I follow up that copy-paste with a "smart-*** quip"? Categories include "plagiarism" and "copyright infringement". The authors of original work tend to get upset when their work is taken and they are not credited. If that information was so critical that he wanted to share it with all the wonderful forum members here at eInvesting, he could have simply posted a link instead. Any other issues? |
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