A Truly Unprecedented and Must Play Game for 2011
My review of LA Noire.
Book Review: Confessions of a Street Addict
I have a part-time obsession with investing. I will watch countless hours of CNBC, read various articles on Bloomberg, and pine through stocks all day just to find one that could make me money. Do I do all for the purpose of making money? A little, but mainly because I can’t get enough of it. The complexity, the rapidly changing environment, and the appeal of it all just interests me. So natural I tend to read various books on the subject. As an avid watcher of Mad Money on CNBC, I stumbled on a book that Jim Cramer wrote called Confessions of a Street Addict. Its an autobiography of his life up until he quit his hedge fund in early 2000.
The book to me was very well written. It was obvious that he wanted to be a writer before he became the stock guru that he is known for today just by the words that he uses throughout the book. Luckily I read the eBook version my iPad so I easy access to a dictionary. Otherwise I would of definitely needed one next me the entire time. What I found the most interesting about the book was how he described everything in detail. He would emphasize and explain why he would dump certain stocks based on a notion he from meeting with the CEO or something that was said in the quarter earnings report. The thing I liked most about the book was the humility he had when describing his pitfalls. Whether it was getting plastered at his birthday party and throwing up on the guests, going behind his oldest friends back, or just making a wrong trade; he owned up to it. He didn’t blame anything on anyone else except himself.
This is a good book for anyone who is interested in investing and how hedge funds work. Its also good to read about others experiences in life and to learn from both their success’ and their failures. Knowledge is power and the only way to get it is to expose yourself to information that you didn’t know or weren’t aware of before. So if your like me and either like investing or a good non-fiction book, this should be one of your next reads.
My Rating: 4 out of 5
