Word: cramers
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...concerto itself, composed in 1786, has an unusually symphonic style for the classical era; the only Mozart concer- to with both oboe and clarinet parts, it foreshadows the style of the next generation. Beethoven admired it immensely: upon first hearing the concerto, he cried to a fellow composer, "Cramer, Cramer, we shall never be able to do anything like that...
...James J. Cramer is a hedge-fund manager on Wall Street. Read more of his market wisdom on the Web at TheStreet.com
...course it's not superstition that his clients are paying for. It's his numbers. Cramer runs a hedge fund, a Wall Street investment vehicle for superrich investors looking for hyperterrific returns in all sorts of economic weather. While most investors bet on the broader market or particular stocks, wealthy clients want to protect their pile by "hedging" their risk with funds that adjust to economic conditions as fast as the market changes. With stocks teetering at record highs, demand for that sort of insurance is blossoming. The best hedge funds have become as exclusive as Augusta National...
While Soros' "macro" fund stalks giant economic trends, Cramer invests and makes his money mostly in U.S. stocks. Roughly half of his $315 million fund is locked down in stocks he believes will outperform the market over the next decade. The other half Cramer and partner Jeff Berkowitz trade every day, with a feverish enthusiasm fired by the glee of making the right bets and the crunching agony of picking a loser. In the course of a day's trading, the firm will be in and out of 50 stocks, betting millions on tiny ticks of the tape. Cramer, whose...
...much are average fund buyers missing by being locked out of these rich investors' clubs? Cramer, for one, says most investors can get everything they need from mutual funds: "I sure wish I could tell you that the public should be in hedge funds. But I think it's better for most people to have their money with a guy like Will Danoff at Fidelity than with some crazy man who's running around shorting everything in sight," he explains minutes before the market opens for another up day. Then, with a clap of the hands...