You've been screwed.
You've been bludgeoned, skewered, crushed, mutilated by the stock market. Every day you read about another corporate scandal: loans to CEOs that didn't have to be repaid, accounting "irregularities," profits that never existed. You think the stock market must have been rigged. And you're right.
You were betrayed by the stock promotion machine -- the mutual fund managers, the brokers, analysts, strategists, and stock gurus who brainwashed you into buying and holding and believing that stocks, like parents, always come through and bail you out in the end.
So now what do you do? Where do you put your money? You can't just leave it in the bank or stuff it under the mattress.
For fourteen years Jim Cramer ran a hedge fund that compounded money at a rate of 24 percent annually after fees, and then he got out at the end of 2000. He knows that there are ways to make money, smart ways that don't require you to own stocks blindly. There are other investments that won't send you to the poorhouse.
This book will tell you what went wrong, who the bad guys were, and what you have to do to restore your financial health. You can't just close your eyes. Ignoring Wall Street isn't the answer. Cash alone isn't the answer. This book has the answers.
Autorentext
Jim Cramer is a bestselling author, financial expert, and media personality. He is the host of CNBC's Mad Money and cohost of Squawk on the Street. He is also the founder of CNBC Investing Club and TheStreet. His many books include Confessions of a Street Addict, Jim Cramer's Getting Back to Even, Jim Cramer's Mad Money, Jim Cramer's Real Money, Jim Cramer's Stay Mad for Life, and Jim Cramer's Get Rich Carefully. Cramer is a former hedge fund manager and founder/owner and senior partner of Cramer Berkowitz; when he retired from his hedge fund, he finished with one of the best records in the business. A graduate of Harvard and Harvard Law, Cramer's first job on Wall Street was at Goldman Sachs.
Inhalt
Part One The Bad Actors
One What Happened?
Two The Forces That Took Your Money: WorldCon
Three Enron
Four Rhythms Net
Part Two The Failed Philosophy and Institutions
Five All-Stocks-All-the-Time
Six Executive Options
Seven Mutual Funds
Eight Brokerages
Part Three Now What?
Nine It's a Jungle Out There