Jim Cramer
Jim Cramer
#### Full Name and Common Aliases
James J. "Jim" Cramer is a renowned American television personality, best-selling author, and former hedge fund manager.
Birth and Death Dates
Born on February 10, 1955, in Wyndmoor, Pennsylvania, he is still alive.
Nationality and Profession(s)
Cramer holds American nationality and has worked as a:
Television personality (CNBC)
Author (best-selling books)
Hedge fund manager (formerly at Cramer, Berkowitz & Co.)
Investor
Early Life and Background
Jim Cramer grew up in a close-knit family with three siblings. His father was an insurance broker, while his mother was involved in various charitable activities. Cramer developed an interest in finance at a young age, reading books on investing by Benjamin Graham and Philip Fisher. He attended Harvard University, where he studied government and graduated magna cum laude.
Major Accomplishments
Cramer's impressive career includes:
Founding his own hedge fund, Cramer, Berkowitz & Co., which earned an average annual return of 24.2% from 1996 to 2000.
Hosting the popular CNBC show Mad Money, where he provides investment advice and insights.
Writing several best-selling books on investing, including "Confessions of a Street Shark" (1987) and "Jim Cramer's Getting Back to Even" (2009).
Launching various online platforms, such as TheStreet.com, which offers financial news, analysis, and advice.
Notable Works or Actions
Some notable works and actions by Jim Cramer include:
Confessions of a Street Shark: His 1987 book that exposed the dark side of Wall Street.
Mad Money: The show where he offers investment insights and critiques market trends.
TheStreet.com: A financial news website founded in 1996, offering real-time stock quotes and analysis.Impact and Legacy
Jim Cramer's influence on modern finance is undeniable. His candid approach to investing and willingness to challenge conventional wisdom have made him a household name. He has inspired countless investors with his "buy and hold" philosophy, despite facing criticism for his own trading mistakes. His online platforms have democratized access to financial information, empowering individual investors.
Why They Are Widely Quoted or Remembered
Jim Cramer is widely quoted due to his:
Controversial opinions: He has never shied away from expressing his views on market trends and companies.
Investment insights: His expertise in technical analysis and ability to identify trends have made him a sought-after commentator.
Charisma: His engaging personality and passion for finance have earned him a loyal following.
Through his writing, television appearances, and online platforms, Jim Cramer has become synonymous with investing. His commitment to empowering individual investors has left an indelible mark on the financial world.
Quotes by Jim Cramer
Jim Cramer's insights on:
The people who are buying stocks because they're going up and they don't know what they do deserve to lose money.
We typically hear numbers that there are 34 million households that are in stocks in some form. Well, I say that what’s occurred is if you have a job in this country, you’re in stocks.
If you can’t find the next McDonald’s, I’ll find the next McDonald’s. But it’s vital to be with people who with looking for ’em, because they do exist. They are created.
It’s the company itself, but most of these mutual fund companies, the guy who runs the company is just a fact totem and the guy who runs the money is the power. But we really don’t know who they are.
I think that there are changes that have occurred in technology that make is that more people can have the same level of information that I have. My advantage is that I’m very good at interpreting the information.
I think that the public is in and the public is in big, and the public is not, I don’t think going to pull out because the public knows what I said about 1987.
Well, he’s just the same guy who in other aspects of his life would be very late to a trend.
I mean that what makes me a professional, but the market itself has been fabulous during this whole period and I’ve got to give the market credit before I give myself credit.
I think you’ll do as well as most professionals. Most professionals don’t beat the market. Let’s not over-rate my industry. But if you have time, you can be in good mutual funds that have good records.
I mean it’s the most objective industry in the world. If your numbers stink, you’re out. If your numbers are good, you get more money. It’s the most Darwinian, it’s beautiful, it’s brutal, it works.