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Trading with the Enemy: Seduction and Betrayal on Jim Cramer's Wall Street

Trading with the Enemy: Seduction and Betrayal on Jim Cramer's Wall Street

List Price: $22.95
Your Price: $15.61
Product Info Reviews

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Rating: 5 stars
Summary: Cramer: Terrible Investor, Maniac Boss, Media Creation
Review: No mention was made of Cramer being fired from a hedge fund for poor performance. This book should reveal the value of learning to invest for one's self, Cramer revealed as nothing more than a momentum playing daytrader. Cramer's unprovoked rages, his routine tossing of computer monitors, his reported threatening of a market maker's children, are all here. Cramer's lawyers cannot hide the raging bully that he is. Going against O'Reilly will ensure a short TV career for this never-do-well.

Rating: 5 stars
Summary: Shocked
Review: This book was a fast, fun read. The writer did a great job of putting me in the thick of the trading fray, and I couldn't help but feel the excitement and the pressure of the environment. I also learned a lot, especially how Cramer milked his CNBC connections for all they were worth. I've kept up with a lot of the subsequent media buzz, and for all the "lies and innuendo" that Cramer claims Trading with the Enemy contains, he still hasn't sued for liable. I suppose it's all true, after all. Amazing Cramer is still allowed to preach to the public from the CNBC pulpit.

Rating: 5 stars
Summary: Informed in Atlanta
Review: Trading with the Enemy is only the first chapter of a continuing Wall Street nightmare the likes of which hasn't been seen since Den of Thieves. Cramer is the Milken of the nineties, exploiting his contacts with the media for profits at the expense of the little guy. As if the story on these pages isn't enough, the melodrama developing around it is absolutely riveting. A nasty smear campaign against the author, reprintings, and an impending SEC investigation? What more could you want? It's inevitable that there's more to be revealed...

Rating: 1 stars
Summary: Trash
Review: 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: 5 stars
Summary: Shows the inside of trading...
Review: This book perfectly exposes the inside world of trading through the persona of Jim Cramer. If you have ever worked on Wall Street or on a trading floor, you will instantly recognize the frenetic activities that occur in trading rooms on a constant basis. If not, you are in for a treat of laughable proportions. This book perfectly illustrates the way that professional trading organizations go about their daily grind. And, just in case you still think that Wall Street is fair for everyone, pick up a copy of this book, and you will learn why professional traders always have a leg up on amateur traders.

Rating: 1 stars
Summary: Sour Grapes
Review: 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: 5 stars
Summary: A Great Book
Review: Trading With The Enemy is a great book, yet I'm not sure if I believe some of the things Maier has to say. Sure, this happens everyday on Wall Street, but I doubt Jim Cramer, after getting annoyed at a broker ran "10 minutes" to 7 World Trade Center to attack him. This is what happens on Wall Street, and you can be sure the young guy (Maier) would be victimized. Though some of the info in this book I doubt to be credible, I believe it offers a great read for anyone willing to see how Wall Street really is-from the inside.

Rating: 5 stars
Summary: A Great Book for Cramer-Haters
Review: If you are not familiar with James Cramer, you will likley find this book to be a short, boring story written by a hack writer desperate for money and/or attention.

However, if you are one of the millions who has lost money taking Cramer's advice and then had to listen as he revised history and bragged about what a great call he made, you will love this book. The author knows what the Cramer-haters want to hear and he gives it to them. It is an awesome skewering of the despicable Cramer.

If you ever wondered why Cramer showed no class when Dave Kansas and Adam Lachinsky left thestreet.com, you'll find out. If you ever wondered why Luskin, Holmes, Wolff et al were fired after disagreeing with Cramer, you'll find out. Not the specifics of these cases, but what type of human garbage Cramer really is.

Whenever you are tempted to take Cramer's advice, just refer back to this book.

Rating: 2 stars
Summary: Tough to decide who I dislike more...
Review: As portrayed in the book, Jim Cramer is one of the most loathsome figures on Wall Street. The only slight mitigating factor is that Cramer appears to be a text-book bipolar personality and therefrore pity rather than hatred seems the more appropriate emotion in his case. Unfortunatly for the reader, Maier is hardly a sympathetic charater either. Maier fed at Cramer's trough for years never having had the courage to stand up for himself, his co-workers or his friends (especially his lifelong friend Marty Peretz). Maier's public attack and betrayal of Cramer (and partner Jeff Berkowitz) with a kiss-and-tell book is so, well...Crameresque. However, unlike Cramer, Maier cannot plead the insanity defense.

Stick to Liar's Poker if you want a good, funny inside Wall Street book...

Rating: 1 stars
Summary: lies lies lies
Review: 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?


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