Even Jim in his early days struggled with problems of "cost basis paralysis" that many individual investors deal with. This is until his wife took his stock sheets and whited out his cost basis which allowed him to think clearer about the merits of keeping a stock, namely Maytag that he owned. In another anecdote he described how he decided to invest in AT&T wireless. He asked his daughter "how come you never get frustrated with a busy signal when voting for American Idol" her reply was that she texted her vote but that an AT&T wireless device is needed to do that.
There are tips on top fund managers and funds in different categories. Also a chapter on how to spot a market bottom which I found easy to follow but insightful. It included simple criteria as finding a bear market article in the front page of the New York times, Bullish vs bearish investment advisors survey (in this case you need at least 60% bearish). The logic here is that if most are bullish then most money is already invested in and little money is available for new investment. Volatility index above 40, and a selling climax defined by at least two months of fund outflows. A similar chapter in tops in individual stocks was quite useful with the one warning I found most interesting is tendency of hyped stocks to almost always end up making a secondary offering below the latest traded price signaling the end of the run. Many other tips in this chapter such as accounting problems, over expansion using acquisitions, etc are included. All in all as other reviewers say not the endgame but a good start.
Get more detail about Jim Cramer's Real Money: Sane Investing in an Insane World.
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