Guide book for how to watch Mad Money on CNBC
If you are a fan of Jim Cramer and Mad Money this book is an absolute must have. Jim goes into more detail in this book about how to invest than he has time for on his TV show.You will learn the following from this book:Chapter 1:You must know yourself and your goals to decide whether you should buy a stock. Do you like to take risks with aggressive growth stocks with P/E ratios of 30+ or do you fell more comfortable buying Dow components at a value price and low p/e? Only buy stocks that fit your personality type that you feel comfortable with.Chapter 2:Only own between 5-10 stocks at a time, and only if you are willing to do one hour of homework on each, every week. Buy and Homework instead of Buy and Hold.Chapter 3:ONLY use limit orders to buy stocks, so you use your price, you will be gouged by brokers if you use market orders. If at first you miss your buy price try again.Chapter 4: When your stock rises 20%-50% take some profit, do not give your gains back to the market. Bulls make money, Bears make money, Pigs get slaughtered.Chapter 5:The secrets of how Jim does the lightning round are revealed. The main indicator of whether he will give a buy or sell is determined by what sector the stock is in and where the economy is in the business cycle. This determines his decisions 50% of the time.Chapter 6:How to play the lightning round yourself.Chapter 7:He explains how to listen for clues during CEO interviews on whether to buy or sell their companies stock. Can they explain in great detail why their stock will rise?Chapter 8:Here he explains all the new lessons he has learned from all his recent bad calls he has made on Mad Money.Chapter 9:Here you will find all the lessons he learned from all of his successful calls on Mad money.Chapter 10: Explains how Cramer gets his ideas for the show buy reading the WSJ, IBD, NY Times, the Economist, his local paper, 12 trade journals and by watching Oprah.(The Oprah effect)Chapter 11: Here is where you learn why he throws chairs (He thinks they are for the lazy), where booyah came from (a caller from New Orleans) and what every buttons sound effect means.You will also get two useful appendixes with this book a great stock worksheet that gives you all the questions to ask before you buy a stock and the best chart I have seen for what cyclical sector stocks to buy during each stage of the business cycle determined by interest rates.I have returned over 20% in my investments over the past 4 years and Cramer is one of my greatest teachers. I highly recommend buying this book and watching Mad Money, let Cramer keep you up to date in the market.

Good Supplimental Book
This book is more of a suppliment to one of Jim Cramer’s earlier writings with some updates to his previous commentary. It’s a shorter read than his earlier two investment books and focuses on some of the same topics as in earlier books but with updated information.I personally take notes when I read books like this and find his strategy to be a very good one. The cream of the crop in this book however is his detailed explanation and back of the book hand out for “doing the homework”. As you may or may not know, Jim Cramer doesn’t believe in Buy & Hold, but Buy & Homework. In review of a stock I now do the following:1. Review companies balance sheet2. Compare companies current PEG to it’s peers, sector and industry3. Review it’s trading multiple4. Review it’s dividend yeild (and compare to others)5. Develop a thesis on why I like the stock6. Listen to the quarterly conference calls (this is a BIG tip and as boring as they can be, you really should do this)7. Review the quarterly and annual reports8. Become as familiar with where I believe the stock is GOIGN rather than where it’s been.Jim goes into some specifics about how to watch his show, what to take seriously, how to and what to listen for when he has guests on his show, and a key one, that the Lightning Round is really just for fun and there is no real work that has been put into this segment of the show.Overall, Jim Cramer writes about investing in a way that is enjoyable and understandable for the common investor who believes that we can manage our own portfolios well enough on our own. I would recommend that you take these writings seriously and come to terms with what you believe to be true and then test them.While I prefer his previous two books in regards to this subject more, I found this book to be worth the buy and I’m proud to have it in my library.

Not so simple as the title suggests
Good book and advice, but as with everything in investing, you can’t just buy it, read it and implement it. It takes time, practice, patience, commitment, persistance, a learning curve. Don’t buy it unless investing is your job, a part-time job, or one of your favorite hobbies that you spend A LOT of time on. It will sit on your shelf, if not.