The must-read summary of James Cramer's book: "Jim Cramer's Real Money: Sane Investing in an Insane World".
This complete summary of the ideas from James Cramer's book "Jim Cramer's Real Money" takes the reader through his investment philosophy. This summary warns readers to beware of people giving universal rules, because there aren’t any: instead, realise that your strategies will be personal to you and dependent on your (changing) goals. The rules of trading and the rules of investment are different, but most people fail to make the distinction. This summary highlights the best strategies for both approaches. For example, it recommends that when you buy for trade, sell once your scenario has played out, whether you are in profit or loss. If you buy for investment, however, you should hold on for longer. This summary explains how to research, how to limit your losses and how not to fall into fashion trading traps. It suggests diversification and flexibility, and gives warning signs every investor should look for.
Added-value of this summary:
• Save time
• Understand key concepts
• Increase your business knowledge
To learn more, read "Jim Cramer's Real Money" and discover a blueprint that everyone can follow, and a guidebook that every savvy investor should read.