Jim Cramer's Get Rich Carefully

I bought this because I saw an interview with Cramer where he talked about the tests he applies for finding good growth stocks. This is thoroughly discussed, and very much worth reading.This is a good book about what you need to know in order to invest, and where to find it that information. The book is loaded with information and insight throughout It's definitely worth your time even if you have read umpteen other investment books, as I have. A good summary at the end of every chapter. Cramer writes well and clearly. I downgraded it one star because there were individual recommendations throughout the book. While this would be helpful to someone carefully studying to find out why they are best of breed and why their competition is inferior, I couldn't help thinking some people would see the discussion as a buy recommendation. All of these may be great companies in their sector, but some of these sectors get hammered pretty hard from time to time. Do not take his remarks as buy now statements.Ch 1, on what makes a stock move will get you started thinking about the right things and looking for the right information. The way ETFs can overwhelm individual stocks was worth learning. The importance of choosing a strong sector. How bonds and stocks are related. The effect of interest rates, and the Fed. Growth rate as the most important fundamental influence. Secular growth vs cyclical.Ch 2, what is good information from a stock owners point of view and what is not. Where to look for the information you need. What particuar metrics are important for different sectors-- eg same store sales for retail. High growth stocks, what to look for. Why to go for Best of Breed instead of third and fourth tier stocks.Ch 3 on the 7 Major lasting themes, CH 4 on finding value in companies breaking apart, were two I had problems with. Cramer's comments and themes are valid, but exactly how to and whether you can make money investing in stocks in these themes TODAY is a lot harder. It seemed to me there's a time-value on the recommended stocks, and some of it may already be out of date. There's a lot to learn from these two chapters, but by the time you read the book, the information about individual companies and industries may have been superceded by events.Very much worth readig. But study hard independently before investing in any stocks mentioned.UPDATE 2 years later, 2/20/16: Definitely worth the re-read. Came away a little wiser, and hopefully better prepared for today's market. Ch 7,8 & 9 seemed especially worthwhile this time. Ch 7 is on mistakes he made in his own investing. Funny I've made the very same ones. In fact I'd bet we've all made these kinds of mistakes. Really useful to recap these step by step, hopefully to avoid them in the future. Ch 9 when to sell. Really useful chapter on selling too early and selling too late. Again, we've all left big profits on the table by selling too soon, and watched our profits disappear by holding on too long. Again step by step living thru some of these may help make these less likely.Cramer's investment style is not my own, but you don't have to agree with his particular style of investing to benefit from this book. This is a great book for both novices and non-novices. Good enough I have market it for another go thru in a few months.

I remember the first time I watched Jim Cramer was when he was interviewed on the Daily Show with John Stewart. It was just after the 2008-09 meltdown, and he seemed ashamed of himself and deeply sorry as Stewart tried to get him to explain why his mother lost half her retirement money following the advice of guys like him.Meanwhile, I got rich by working hard, turing over my extra money to my financial advisors and riding the DOW from 6,000 in 2009 to 16,000+ today (April 2014). It seemed all too easy for anyone with any money in any the market to suddenly be triple where they were. So easy come, easy go. I decided to learn a little more for myself about the markets. I don't want to lose half of my savings and investments again.Many books later, I find this one, and here is a Jim Cramer who seems more careful than previously. His explanation of market forces such as ETF's and news of the day being more powerful in the short term than a company's fundamentals is certainly obvious, but his insights help bring greater understanding.I hope Jim Cramer is right about his outlook on certain companies. He's done homework most investors just can't by dint of his celebrity. I like his hopeful worldview that well-run companies, with good decent management will eventually win out over the greater market forces of funds and The Fed and who knows what else is coming.A final comment... I think it is incumbent upon anyone doling out financial advice to really see what a company's management is doing to their employees to make their earnings target. I know every CEO works 24/7 and devotes his life to the company, but it seems most employees are now required to as well. But the CEO's principal stress comes from how his performance impacts his reputation, not from personal financial worries. For example, at one major corporation, the management decided to take away the "points" employees would get on their Corporate American Express cards. Meanwhile, the savings of taking away the Amex points was more than outweighed by management's use of corporate jets in the course of one month.It's this kind of petty squeezing of employees that really needs to be looked at. In Japan, working for a major company has become so stressful, people are dying on the job. They even have a word for it and it has become an epidemic. Just so the stock goes up.Because of the pressures to meet estimates, companies do some evil things that never get reported. With Jim Cramer's access to CEOs, it would be nice to see him talk to some workers who will be honest. Until such time as the demands of Wall Street don't rule the company's short term behavior, the only solution for the worker is to Get Rich Carefully, then get out.I hope everyone gets Get Rich Carefully and hope the advice in this book holds up over the long term. (and by the way, my knee-jerk reaction to Jim Cramer's show has changed, and I now really like him. I believe he is honestly trying to help out everyone the best he can.) Booyah.

Almost finished this book. Have been aiming to read a book on a new topic each month. Have found this book very insightful into how Jim (and to some degree hedge fund managers) pick their stocks. What criteria they use to analyse companies and some VERY useful tips for which earnings calls to pay attention to in order to get a good overview of the world economy (TLDR; Caterpillar). Would recommend this book for anyone looking at investing long term, or even for short term investors that want to understand a bit more about companies in various industries as Jim has done all the dog work over his many years.

Good read

Clear simple explanation of why markets react in todays complex world and how youcan respond -- this is the only book you must read as an investor today.

Great value for money

Mr. Cramer has published four books to my knowledge - you don't need all four - but to set the stage for one of the most successful investors of all time - first read 'Confessions of a Street Addict' - by Cramer. You don't have to do that - but I think it will focus your mind on how it all started for this Mad Money Host, creator of the Street.com, and lately the CNBC Investing Club. I have never bought a subscription product from him - I don't have the resources - but his books a much cheaper - not near as helpful on making money I suspect - but give a good background to the whole under appreciated world of investing. I have followed him for about 20 years - and still do!