Trading with the Enemy: Seduction and Betrayal on Jim Cramer’s Wall Street
by admin / January 8th, 2010
Product Description
In January of 1994, Nicholas Maier hopped on a train that took him from Cambridge, Massachusetts, where he lived with his parents, to New York’s Penn Station.With his wallet stuck in his sock, he headed down to the heart of the Wall Street district for a meeting with Jim Cramer that would change his life forever. For the next five years, Maier would work like a slave inside Jim Cramer’s hedge fund, a limited partnership that included only the wealthiest investors, w… More >>
Trading with the Enemy: Seduction and Betrayal on Jim Cramer’s Wall Street
January 9th, 2010 at 12:11 am
Poor Nick Maier. … even the publisher had to admit that “Cramer & Company did not conduct any trading activity in Western Digital Corporation in reliance on inside information. The Securities and Exchange Commission never investigated any of Cramer & Company’s trading activities in securities of Western Digital Corporation.” Given that even the publisher admits the author lied, why would anyone believe anything else Maier has to say?
Rating: 1 / 5
January 9th, 2010 at 12:29 am
They don’t come worse than Cramer. Maier only told half the story, if even that much. There are many who want to see Cramer out of commission, however that comes about. I do not know of anyone on the Street more hated than him.
Rating: 5 / 5
January 9th, 2010 at 3:25 am
First read “Trader75′s review. He says everything much better than I can.
Second, the whole book is summed up this way: Maier is upset that Cramer (may have) yelled at him. Anyone who has ever worked on Wall Street, especially a trading room, knows this is par for the course. Maier goes on and on for 200 pages how Cramer yelled. As the publisher has already admitted the fabrication of some details (WDC insider trading) one, must take everything that is said with a grain of salt.
Third,there is no character developement-none-all characters are presented as one dimensional.
The book is a waste of money.
Finally, I would like to comment on some of the reviews other people have left. Some, not all, have grudges to bear with Jim Cramer. Why? My guess is because Cramer has made recommendations that have gone against them and lost these reviewers money, probably on several occasions. I also woulnd’t be surprised if one person left more than one review.
Rating: 1 / 5
January 9th, 2010 at 4:31 am
Stuck inside the front cover pages of “Trading With The Enemy – Seduction And Betrayal on Jim Cramer’s Wall Street” is a playing card sized disclaimer regarding insider information and trades of Western Digital.
The apparently hastily placed, breathless disclaimer adds balast to Nicholas W. Maier’s snitch story. Remember that line from Shakespeare that goes something like this: He protests too much.
Anon more methinks and hopes.
Rating: 3 / 5
January 9th, 2010 at 6:31 am
The book was obviously a hurried and concocted hatchet job on Cramer. There are innumerable things wrong with it: let’s start with the fact that the publisher admitted the WDC insider trading story was cooked up.
Most of what this guy tells about life at Cramer Berkowitz one could have easily gleamed from Cramer’s stories on thestreet.com and “The Fortune Tellers’ by Howard Kurtz, both much much better written. He drops in facts randomly, leaves threads hanging, portrays people one-dimensionally…and never really says anyhing revelatory about Cramer. We all know the guy’s very competitive (ought to have known that going in!), and breaks things around the office, but the pace of work is no different than at any other short-term trading hedge fund. As for the questionable practices that Cramer engages in…the book tries to molehills into Himalayas. Being the first call is his whole game plan; if individual investors want to whine about the unfairness, why don’t they do a few million in comission business! Furthermore, Maier is later forced to admit that the fund sells stocks that go up as a function of discipline, not just because they’re on CNBC like he alleges at one point. And that’s just the beginning of erroneous facts and half-baked allegations.
This book is nothing more than a bunch of innuendo rushed to the press to cash in on the fame and success of a Wall Street great…a guy who made money and did it ethically, something Mr. Maier cannot say himself.
Rating: 1 / 5