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Jim Cramer
Host of CNBC's "Mad Money"
In 2005, Jim Cramer began hosting a daily, 1 hour show on CNBC called "Mad Money." I watch the show at least 2-3 times a week, and it is absolutely first-rate, both in terms of entertainment value as well as the quality of information you get from Cramer's two decades of experience on Wall Street. Cramer's energetic, sometimes over-the-top style breathes life into what can often be a dry subject. The hour-long show is packed with sound investment advice, and Cramer is not shy about giving buy or sell advice on specific stocks. In a segment called "Lightning Round," Jim Cramer takes random calls from viewers. Each caller then mentions the name of a stock, and Cramer immediately dispenses advice on whether to keep the stock or drop it, with a brief comment, then moves on to the next caller. This is probably the most entertaining and impressive portion of the show.
In addition to being a CNBC host and one of Wall Street's most visible gurus, Cramer is also an author with a couple notable investment books. His books include Real Money a general guide to investing in the stock market, and the more recent Mad Money:Watch TV, Get Rich. Cramer emphasizes doing extensive research on each stock you own (he recommends 1 hour per week, per stock). He also recommends having a good macro overview of the economy so that you know what sectors to invest in during various cycles. The information in his books are solid, but seasoned investors may find some of the material on the rudimentary side.
Cramer also has a paid newsletter service, called "Action Alert Plus," where you can view his individual stock recommendations.
Prior to his popularity with CNBC, Jim Cramer managed a hedge fund for 15 years and delivered his investors an
annualized return of 24% after all fees.
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