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Wednesday, August 28, 2002

WallStreet Mania from Maniac's mouth
It's hard to think of anyone more intense or opinionated, or who wears as many hats as James Cramer.
In Confessions of a Street Addict, the man who first made a name for himself on Wall Street successfully managing his hedge fund--and then became famous on Main Street with his manic appearances on CNBC--tells the improbable story of his career as journalist, Wall Street pundit, Internet entrepreneur, and television commentator.
For the most part, Cramer manages to avoid the self-congratulatory hype
that mars so many books of this ilk; in fact, what makes Confessions so compelling are the shots that Cramer takes at himself, be it his now infamous capitulation during the stock market panic of October 1998, when he wrote a piece for advising readers of an impending crash just as the market began to rebound, or the callous way he treated so many around him in pursuit of the next trade. Here's an informative, honest, and rollicking read for fans of CNBC,, or anyone who has ever lost sleep thinking about their portfolios. Highly recommended.

---Harry C. Edwards