You Got Screwed!: Why Wall Street Tanked and How You Can Prosper - Hardcover

Cramer, James J

Hardcover

ISBN 10: 074324690X ISBN 13: 9780743246903

Publisher: Simon & Schuster, 2002

Synopsis

Personal finance expert, bestselling author, and host of CNBC's Mad Money Jim Cramer offers advice on how to restore your financial health and how to work the Wall Street system--not work against it.

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, sham 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 stocks aren't coming to your rescue. 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 twenty-four 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. But Jim Cramer has the answers.

About this title

About the Author

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.

Edition details

• Publisher: Simon & Schuster
• Publication date: 2002
• Language: English
• ISBN 10: 074324690X
• ISBN 13: 9780743246903
• Binding: Hardcover
• Number of pages: 128