Changes

== Investing career ==

== Investing career ==

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 a professor at [[Harvard]], 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''.<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>  

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>