Jim Cramer Biography

Biography Beautiful Woman of CNBC

JIM CRAMER, ( James "Jim" J. Cramer) was born February 10, 1955 in Wyndmoor, Pennsylvania, a suburb of Philadelphia. Cramer graduated Magna Cum Laude in 1977 from Harvard College, where he later earned a Law Degree. In 1984, he joined sales and trading at Goldman Sachs.

Three years later, Jim started his own hedge fund. It was to be the beginning of a career on Wall Street where he achieved a 24% compounded return (after all fees) for the next 13 years.

In 1996, Jim co-founded TheStreet.com, a daily financial news commentary and information site where he serves as a senior columnist and markets commentator.

When 2001 began, Jim retired from his hedge fund where he finished with one of the best records in the business, including a 36% gain in 2000 when many other managers lost billions of dollars for their clients.

After the great success of his third book, "Real Money: Sane Investing in an Insane World" Jim published his fourth and fifth books "Jim Cramer's Mad Money: Watch TV, Get Rich" and Jim Cramer's Getting Back to Even

Wikipedia says:

Early years: Cramer was born to a Jewish family in Wyndmoor, Pennsylvania, a suburb of Philadelphia. One of his first jobs was selling ice cream at Veterans Stadium during Philadelphia Phillies games. Cramer went to Springfield Township High School in Montgomery County.

Cramer graduated magna cum laude from Harvard College in 1977 where he was also president of the Harvard Crimson. At this point in his life, Cramer was a staunch leftist, naming his plan to revitalize the Crimson after Lenin's "What Is to Be Done?" Today, an iconic painting of the Bolshevik leader can be seen in the background of the set of his show, Mad Money. In 1983, while bed-ridden with the mumps for over 3 months, he took an even greater interest in the stock market, as all he could do was read the papers.

Article: How to Get the Best CD Rates

Career (from http://en.wikipedia.org/wiki/Jim_Cramer)

Journalist: He began in college, working for The Harvard Crimson, and rose to become its president. After college, following a two-month tenure as the key operator at Congressional Quarterly, he worked as a journalist at the Tallahassee Democrat in Tallahassee, Florida. Living almost next door to the Chi Omega sorority house and Florida State University, he was one of the first on the scene after serial killer Ted Bundy attacked four women, killing two of them in 1978. After Tallahassee, he worked at the Los Angeles Herald Examiner as a spot news reporter, covering "basically anyone who died violently in Cabalslifornia." While he was covering a shooting in San Diego for the Examiner, a burglar cleaned out both his Fairfax District, Los Angeles bungalow and his checking account. For the next nine months, he lived mostly out of his car, with a pistol and hatchet for protection.

Lawyer: Following this experience, Cramer moved in with his sister in Greenwich Village. His sister was studying to be a lawyer and encouraged Cramer to become a prosecutor. Cramer was one of the earliest reporters at American Lawyer magazine, where he worked for founder Steven Brill. Cramer later earned a Juris Doctor degree from Harvard Law School. During his years at Harvard, Cramer worked as a research assistant with Alan Dershowitz.

After graduating in 1984, Cramer's plans to become a prosecutor were dashed when he was denied employment with the Office of the United States Attorney for the Southern District of New York, headed at the time by Rudy Giuliani, because his law school grades were deemed not good enough. Cramer was admitted to the New York State Bar in 1985 and his current status with the NY Bar is "delinquent".

Investor: Cramer obtained employment in 1984 as a stock broker in Goldman Sachs' Sales & Trading department. Cramer's success in this position led him to fund his own hedge fund, Cramer & Co. (later Cramer, Berkowitz, & Co.) in 1987. The fund operated out of the offices of hedge fund pioneer Michael Steinhardt's Steinhardt, Fine, Berkowitz & Co., and early investors included Eliot Spitzer (a Harvard classmate and one of his oldest friends) [8], Steven Brill, and Martin Peretz.[1]

A year later, Cramer married Karen Backfisch-Olufsen, who was a trader with Steinhardt's firm. Cramer retired from his hedge fund in 2001, after finishing with a positive double-digit return in 2000. Cramer's fund had one down year from 1988-2000 while he ran it, in 1998 which was disastrous for many in the industry. Cramer, Berkowitz finished down 2-3% and they did not charge a management fee that year to the clients. It was taken over by his former partner Jeff Berkowitz after his retirement.

Compare to Jim Cramer's Action Alerts Plus Performance Record by Year

Amanda Drury	Jim Cramer Biography Back to Jim Cramer Fan Club Home Page	Erin Burnett
	Action Alerts Plus Performance Record by Year

Discuss Jim Cramer on facebook: Request Invitation to facebook discussion group "Investing for the Long Term" to join our closed group.

ForBestAdvice.com: Your place for information and advice about anything and everything under the sun. Important disclaimer: This site is not associated with Jim Cramer or his businesses or websites, or any television broadcast company, or website entity. Accuracy of this information is attempted, but is not guaranteed. Do not use this site to make your financial investing decisions. Consult a professional financial advisor. This site simply reports information that we found on the internet or from watching Jim Cramer on TV.
Sitemeter	Fan Club Sitemeter	Jim Cramer sitemeter	To advertise on this page, please contact advertising@<REMOVE>forbestadvice.com