Jim Cramer Biography
Jim Cramer is currently best know for hosting the popular stock analysis show “Mad Money” on CNBC. He is also the co-founder and chairman of TheStreet.com. Jim Cramer has authored several books, including Stay Mad for Life: Get Rich, Jim Cramer's Real Money: Sane Investing in an Insane World, You Got Screwed! and How You Can Prosper.
James Joseph "Jim" Cramer was born February 10, 1955 in Wyndmoor, PA. Cramer went to Springfield Township High School in Montgomery County. He graduated from Harvard College magna cum laude in 1977 and Harvard Law School in 1984 where he earned a law degree.
Cramer worked for the Crimson, the Harvard school paper and after graduating worked in several reporting jobs. He worked for the Tallahassee Democrat in Tallahassee, Florida and The Los Angeles Herald Examiner. Cramer, a self proclaimed “left winger” in school, briefly worked for democrat Governor Jerry Brown in California.
Cramer started investing in the stock market while in law school. He developed a system that provided him and associates big gains. His track record helped Cramer obtain employment with Goldman Sachs’ as a stock broker. He then founded his own hedge fund, Cramer & Co. in 1987. Cramer retired from his hedge fund in 2001, finishing with a 24% average annual return over 14 years. He reportedly personally made $10 million a year.
In 1996 Cramer co-founded TheStreet.com. In 2005 Jim Cramer began he popular show “Mad Money” that gives views knowledge and insight to make better investing decisions. As quoted on the shows Web site, the show "...is not to tell you what to think, but to teach you how to think about the market like a pro. This show is not about picking stocks. It's not about giving you tips that will make you money overnight – tips are for waiters. Our mission is educational, to teach you how to analyze stocks and the market through the prism of events."