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Cramer started privately investing in the stock market during his time at law school,<ref name=pabook/> using his student loans. For months Cramer began leaving tips on his answering machine offering stock picks, and garnered the attention of Martin Peretz, editor of the ''[[The New Republic]]'' and [[Harvard]] professor, who had been profiting from these tips. Thus, he approached Cramer with a $500,000 check and wanted him to run his money. "He seemed to know very deeply so many stocks," said Peretz, who would prove loyal. "At one point, I was down $80,000 and he didn't give up on me," said Cramer. Cramer made Peretz $150,000 in two years.<ref name="bw20051031">"[http://www.businessweek.com/magazine/content/05_44/b3957001.htm The Mad Man Of Wall Street]" ''BusinessWeek'', 31 October 2005.</ref> In 1984, after obtaining a law degree, Cramer was employed as a [[stock]] broker in Goldman Sachs' Private Wealth Management division.<ref name="locbio">[http://www.loc.gov/bookfest/2006/authors/cramer.html Jim Cramer biography], Library of Congress.</ref> He worked at Goldman Sachs from 1984 to 1987.

Cramer started privately investing in the stock market during his time at law school,<ref name=pabook/> using his student loans. For months Cramer began leaving tips on his answering machine offering stock picks, and garnered the attention of Martin Peretz, editor of the ''[[The New Republic]]'' and [[Harvard]] professor, who had been profiting from these tips. Thus, he approached Cramer with a $500,000 check and wanted him to run his money. "He seemed to know very deeply so many stocks," said Peretz, who would prove loyal. "At one point, I was down $80,000 and he didn't give up on me," said Cramer. Cramer made Peretz $150,000 in two years.<ref name="bw20051031">"[http://www.businessweek.com/magazine/content/05_44/b3957001.htm The Mad Man Of Wall Street]" ''BusinessWeek'', 31 October 2005.</ref> In 1984, after obtaining a law degree, Cramer was employed as a [[stock]] broker in Goldman Sachs' Private Wealth Management division.<ref name="locbio">[http://www.loc.gov/bookfest/2006/authors/cramer.html Jim Cramer biography], Library of Congress.</ref> He worked at Goldman Sachs from 1984 to 1987.

Jim Cramer started his own [[hedge fund]] company in 1987, called ''Cramer Berkowitz''. The fund operated out of the offices of hedge fund pioneer Michael Steinhardt's Steinhardt, Fine, Berkowitz & Co., and early investors included [[Eliot Spitzer]] (a Harvard classmate and one of his oldest friends),<ref>{{cite news |title=A Rather Sedate Jim Cramer Reacts to Spitzer Prostitution Revelation |url=http://newsbusters.org/blogs/jeff-poor/2008/03/10/cramer-reacts-spitzer-prostitution-revelation-later-says-he-d-bank-social |publisher=NewsBusters.org |author=Jeff Poor}} March 10, 2008.</ref> Brill, and Peretz.<ref>{{cite news |title=Meet CNBC's Mad Money Man |url=http://www.usnews.com/usnews/biztech/articles/070218/26eecramer_2.htm |publisher=usnews.com |author=Alex Markels}} 2/18/07.</ref>  

Jim Cramer started his own [[hedge fund]] company in 1987, called ''Cramer Berkowitz''.<ref name=cbc>[http://www.fundinguniverse.com/company-histories/Cramer-Berkowitz-amp;-Co-Company-History.html Cramer, Berkowitz & Co.], ''Funding Universe'', Company History.</ref> The fund operated out of the offices of hedge fund pioneer Michael Steinhardt's Steinhardt, Fine, Berkowitz & Co., and early investors included [[Eliot Spitzer]] (a Harvard classmate and one of his oldest friends),<ref>{{cite news |title=A Rather Sedate Jim Cramer Reacts to Spitzer Prostitution Revelation |url=http://newsbusters.org/blogs/jeff-poor/2008/03/10/cramer-reacts-spitzer-prostitution-revelation-later-says-he-d-bank-social |publisher=NewsBusters.org |author=Jeff Poor}} March 10, 2008.</ref> Brill, and Peretz.<ref>{{cite news |title=Meet CNBC's Mad Money Man |url=http://www.usnews.com/usnews/biztech/articles/070218/26eecramer_2.htm |publisher=usnews.com |author=Alex Markels}} 2/18/07.</ref>  

Cramer's fund had one down year in 1998, a year that proved disastrous for many in the industry. Cramer, Berkowitz finished down 2-3% and they did not charge a management fee that year to their clients. In 1999 the fund returned 47%; in 2000, Cramer's fund finished up the year +36%, compared to -11% for the S&P 500 and -6% for the Dow Industrials.<ref name="bw20051031"/>  

Cramer's fund had one down year in 1998, a year that proved disastrous for many in the industry. Cramer, Berkowitz finished down 2-3% and they did not charge a management fee that year to their clients. In 1999 the fund returned 47%; in 2000, Cramer's fund finished up the year +36%, compared to -11% for the S&P 500 and -6% for the Dow Industrials.<ref name="bw20051031"/>  

== TheStreet.com ==

== TheStreet.com ==

In 1996 Cramer co-founded ''TheStreet.com'' with ''[[The New Republic]]'' editor Martin Peretz, one of his hedge fund's original clients. Cramer is currently a market commentator and adviser to the ''TheStreet.com'', as well as its largest shareholder. He also manages a charitable trust stock portfolio which is tied to ''TheStreet.com'' through a subscription service called the Action Alerts ''PLUS'' Portfolio. Cramer currently works on a new project, ''MainStreet.com''.

Cramer's impact on [[Wall Street]] trading became even stronger in 1996, when he and Peretz each took 35 percent ownership of ''TheStreet.com'', an online financial news company and publication for investors appearing on the [[World Wide Web]].<ref name=cbc/>  TheStreet.com, Inc. is considered to be a leading financial media company that has distinguished itself from other financial Web sites with its journalistic excellence and unbiased coverage of the financial markets, economic and industry trends, and investment and financial planning.<ref>[http://resources.bnet.com/topic/thestreet.com+inc..html], ''BNET'' resources.</ref> Among the most [[popular]] columns — viewed by millions of readers weekly at ''TheStreet.com'' — are ''Top 10 Stocks''; ''You Ask, Cramer Answers''; ''Jim Cramer's Portfolios of the Week''; ''The Five Dumbest Things on Wall Street This Week''; ''Wednesday's Analysts' Upgrades and Downgrades'', and ''Readers' Picks: The Street.com's Top 10''.<ref>[http://www.thestreet.com/static/about/index.html TheStreet.com], "About Us".</ref>

== Mad Money ==

== Mad Money ==