This week, The Simple Dollar takes a look at the new investing book from Jim Cramer, Mad Money. This book is surprisingly different from its predecessor, Real Money, in a number of ways. I quite enjoyed the first one; will I enjoy this one, too? Let’s find out!
Before I even get started, let me make this clear: Mad Money is not a bad book. I quite enjoyed almost all of it. However, with that being said…
I do not recommend Mad Money to anyone who has not already read Real Money. To put it simply, Real Money is a solid, complete, and entertaining book about individual stock picking. This book, on the other hand, is best described as a supplement to Real Money with a few additional chapters explaining a television program.
That’s not to say I didn’t enjoy Mad Money; I certainly did enjoy reading it and I found much of the content to be both useful and entertaining. However, reading it in a vacuum without the pillars of Real Money and the television show to support it, it would not be a very strong book on its own.
If you simply must read a Jim Cramer book about individual stock picking, read Real Money first. If you want more meat after that, then pick up this one.
Jim Cramer’s Mad Money is the fifteenth of fifty-two books in The Simple Dollar’s series 52 Personal Finance Books in 52 Weeks.