In the U.S., Jim Cramer is best known as the host of the stock market magazine Mad Money and as a best-selling author - what distinguishes his life and work? In the USA or traders when download mt4 exness, everyone knows Jim Cramer. The host of the stock market magazine Mad Money on CNBC delivers up-to-date stock market reports and analyses in a distinctive style. Jim Cramer's career is a typical example of the American way of life. With a good dose of entertainment, Cramer brings Americans closer to the topics of the stock market and shares.
Childhood and youth
On February 10, 1955, James J. "Jim" Cramer was born to Jewish parents in Wyndmoor. Wyndmoor is located in the U.S. state of Pennsylvania and is a suburb of Philadelphia. His mother is an artist, his father owns a factory for packaging materials. Jim Cramer earns his first money while still in school. He sells ice cream during the home games of the local baseball team, the Philadelphia Phillies. After attending Springfield Township High School, he begins studying political science at the venerable Harvard College. There he gains his first experience in journalism, writing for the college newspaper Havard Crimson, which he later heads.
First experiences as a journalist
After graduating in 1977, Cramer works as a journalist for various newspapers. In 1978, he writes for the Tallahassee Democrat, covering the Ted Bundy murders, after which his path leads him to the Los Angeles Herald-Examiner. During his time in Los Angeles, his apartment is robbed several times and Cramer literally loses everything. He lives in his car for several months. In addition to his journalistic work, Jim Cramer pursues a law degree. He studies law and works as a research assistant to Alan Dershowitz. The latter strives for the release of the alleged murderer Claus von Bülow. Cramer is also involved in this case, although he himself is convinced of von Bulow's guilt. Cramer has been a member of the Los Angeles bar since 1985. He loses his license in 2009 for not paying his dues.
The investor Jim Cramer
Cramer begins trading stocks while still in law school. In the process, he convinces Martin Peretz, the owner of the political magazine New Republic, and the latter provides him with half a million US dollars. Within two years, Cramer makes a profit of $150,000. This success serves as a door opener for Cramer, and he begins working as a stockbroker in 1984. Just a few years later, he manages his own first hedge fund. In 2001, Cramer retires from the stock market business. By then, his funds were yielding an average annual return of 24 percent. Cramer's success is not without controversy: Investors in Cramer's funds include the publisher of a leading business newspaper. Through targeted news publications, Cramer is said to have gained a personal advantage of about $2 million.
Cramer as a writer
Cramer has never cut his ties to print journalism. He not only markets his knowledge on radio and television, but has also published several books. In German, Jim Cramer's "Real Money, Ihr Wegweiser durchs Börsenchaos" is available. In the USA, on the other hand, his works based on his show are particularly successful, including "Mad Money: Get Rich - Watch TV". Due to his high profile and his straightforward way of conveying complex knowledge, both the programs and the books are in great demand in America. Jim Cramer, on the other hand, is quite reserved about his private life. He has two children from his first marriage. He has been married to his second wife since April 18, 2016.
Conclusion:
Jim Cramer is actually a lawyer.
While still in law school, he becomes active as a stockbroker.
He works for Goldmann Sachs for several years.
Later, he switches to television and hosts the stock market magazine Mad Money.
He is the author of numerous bestsellers on the subject of stock trading and investment.