History of Jim Cramer in Timeline
Jim Cramer is an American television personality, author, entertainer, and former hedge fund manager, best known as the host of CNBC's "Mad Money." After graduating from Harvard, he worked at Goldman Sachs and later founded his own hedge fund, Cramer Berkowitz. He also co-founded TheStreet.com. Cramer's career transitioned into media, where he gained prominence for his energetic and often controversial commentary on the stock market and investment strategies. He has written several books providing investment advice.
4 hours ago : Jim Cramer Highlights Taiwan Semiconductor (TSM) as a Top Stock Pick for May.
Jim Cramer's stock picks are in focus. An analyst recommended Taiwan Semiconductor Manufacturing (TSM), citing its cheap valuation and lack of alternatives. TSM is among the top stocks for May.
1922: N. Ken Cramer Born
In 1922, N. Ken Cramer, Jim Cramer's father, was born.
1928: Louise A. Cramer Born
In 1928, Louise A. Cramer, Jim Cramer's mother, was born.
February 10, 1955: James Cramer Born
On February 10, 1955, James Joseph Cramer, an American television personality, author, entertainer, and former hedge fund manager, was born.
1955: Birth in Wyndmoor, Pennsylvania
In 1955, Jim Cramer was born in Wyndmoor, Pennsylvania, a suburb of Philadelphia.
1971: Sold Coca-Cola and Ice Cream at Veterans Stadium
In 1971, Jim Cramer started selling Coca-Cola and then ice cream at Veterans Stadium during Philadelphia Phillies games as one of his first jobs.
1973: Graduated from Springfield Township High School
In 1973, Jim Cramer graduated from Springfield Township High School in Montgomery County, Pennsylvania, where he also competed for the track team.
1977: Graduated from Harvard College
In 1977, Jim Cramer graduated magna cum laude from Harvard College with a Bachelor of Arts in government and was also the president and editor-in-chief of The Harvard Crimson. He was also a National Merit Scholar.
March 1, 1978: Started at Tallahassee Democrat
On March 1, 1978, Jim Cramer began working for the Tallahassee Democrat in Tallahassee, Florida, as a reporter covering the Ted Bundy murders.
1984: Received Juris Doctor Degree
In 1984, Jim Cramer received a Juris Doctor degree from Harvard Law School. During this time, he began investing in the stock market, profited from stock picks he left on his answering machine, and worked as a research assistant for Alan Dershowitz.
1984: Worked at Goldman Sachs
In 1984, Jim Cramer worked in sales and trading at New York investment bank Goldman Sachs.
1985: Death of Louise A. Cramer
In 1985, Cramer's mother, Louise A. Cramer, who was an artist, passed away.
1985: Admitted to New York State Bar
In 1985, Jim Cramer was admitted to the New York State Bar, although he did not practice law.
1987: Started Cramer & Co. Hedge Fund
In 1987, Jim Cramer left Goldman Sachs and started a hedge fund called Cramer & Co. (later Cramer, Berkowitz & Co.).
1988: Start of Cramer's successful period
From 1988, Cramer stated he only had one year of negative returns – 1998, a year when the S&P 500 Index rose 29%.
1988: Cramer marries Karen Backfisch
In 1988, Jim Cramer married Karen Backfisch, a former stock trader.
1996: Launched TheStreet
In 1996, Jim Cramer and Martin Peretz launched TheStreet, a financial news and investment website.
1998: Negative Returns
In 1998, Cramer stated he had one year of negative returns while the S&P 500 Index rose 29%.
1999: Recommended Investing in Technology Stocks
In January 2000, Jim Cramer recommended investing in technology stocks and suggested a repeat of the stock performance of 1999.
January 2000: Recommended Investing in Technology Stocks
In January 2000, Jim Cramer recommended investing in technology stocks and suggested a repeat of the stock performance of 1999.
February 2000: Recommended Specific Stocks
In February 2000, Jim Cramer recommended specific stocks like 724 Solutions, Ariba, and others, dismissing traditional investing strategies.
2000: Start of Performance Tracking
From 2002, Jim Cramer says that the performance of his "Action Alerts PLUS" charitable trust outpaced the S&P 500 Index and the Russell 2000 Index until May 2009.
2000: Fund Returned 28%
In 2000, Cramer's fund returned 28%, beating the S&P 500 by 38 percentage points.
2000: Settled Lawsuit with Fox News Channel
In 2000, Jim Cramer and TheStreet settled a lawsuit with Fox News Channel, which involved claims of Cramer reneging on a deal and counter-suits related to promoting TheStreet stock.
2000: Self-Reported High Return
In 2000, Jim Cramer self-reported a 36% return at the peak of the dot-com bubble.
August 2001: Start of Wharton study
From August 2001, a study by Wharton researchers found that Jim Cramer's charitable trust underperformed the S&P 500 primarily as a result of underexposure to market returns in years after the 2008 financial crisis, up until March 2016.
2001: Began Hosting Real Money Radio Show
In 2001, Jim Cramer began hosting a syndicated one-hour radio show called Real Money, which eventually led to the creation of Mad Money.
2001: Retired From Hedge Fund
In 2001, Jim Cramer retired from his hedge fund, reporting a 24% rate of return after all fees for 15 years.
2002: Co-hosted Kudlow & Cramer
From 2002, Jim Cramer co-hosted Kudlow & Cramer (first called America Now) with Larry Kudlow.
2002: Start of Performance Tracking
From 2002, Jim Cramer says that the performance of his "Action Alerts PLUS" charitable trust outpaced the S&P 500 Index and the Russell 2000 Index until May 2009.
November 13, 2005: Interviewed on 60 Minutes
On November 13, 2005, Jim Cramer was interviewed by Dan Rather on 60 Minutes, discussing his past hedge fund management and temper.
2005: End of Kudlow & Cramer
In 2005, Jim Cramer finished co-hosting Kudlow & Cramer (first called America Now) with Larry Kudlow.
December 2006: Hedge fund manipulation of stock prices
In December 2006, Jim Cramer described activities used by hedge fund managers to manipulate stock prices, including pushing stocks higher or lower with as little as $5 million and encouraging others to do the same as a quick way to make money.
December 2006: End of Real Money Radio Show
In December 2006, Jim Cramer's radio show, Real Money, came to an end.
December 2006: Stewart confronts Cramer on short-selling
In December 2006, Jon Stewart confronted Jim Cramer on The Daily Show about Cramer's contradictory statements regarding short-selling, highlighting Cramer's earlier encouragement of hedge funds to engage in it, and suggested changes to Cramer's CNBC role.
December 22, 2006: Cramer discusses spreading rumors to drive down stock prices
In a video clip from December 22, 2006, Jim Cramer discussed the spreading of false rumors to drive down stock prices and encouraged short-selling by hedge funds as a means to generate returns, stating he would encourage anyone in a hedge fund to do it.
2006: Publication of Jim Cramer's Mad Money: Watch TV, Get Rich
In 2006, Jim Cramer's book "Jim Cramer's Mad Money: Watch TV, Get Rich" was published.
January 2007: Guest Judge on The Apprentice
In January 2007, Jim Cramer was a guest judge on The Apprentice.
August 3, 2007: Cramer's "rant" about the Federal Reserve
On August 3, 2007, Jim Cramer made a plea for the Federal Reserve to cut interest rates, criticizing the Fed Committee for being out of touch with the market.
August 7, 2007: Federal Reserve Open Markets Committee meeting
On August 7, 2007, during a Federal Reserve Open Markets Committee meeting, Cramer's comments about the Fed elicited laughter from participants.
August 20, 2007: Barron's Article on Performance
On August 20, 2007, an article in Barron's criticized Jim Cramer for his stock picks not beating the market over the past two years.
August 28, 2007: Transcript from August 7, 2007, Federal Reserve meeting released
On August 28, 2007, the transcript from the August 7, 2007, meeting of the Federal Reserve Open Markets Committee was released, showing that Cramer's comments elicited laughter from participants.
February 2008: Appeared on Jimmy Kimmel Live!
In February 2008, Jim Cramer appeared on Jimmy Kimmel Live!
March 14, 2008: Bear Stearns stock value plummets
On March 14, 2008, Bear Stearns stock lost more than half its value due to news of a Fed bailout and a $2/share takeover by JPMorgan Chase.
March 17, 2008: Cramer clarifies Bear Stearns comments
On March 17, 2008, Cramer clarified that his statements about Bear Stearns were regarding account liquidity, not the stock itself, and that he was not recommending the stock, addressing concerns about account holder's liquidity in a Bear Stearns brokerage account.
August 8, 2008: Recommended Investing in Bank Stocks
On August 8, 2008, Jim Cramer recommended investing in bank stocks before the climax of the 2008 financial crisis.
September 19, 2008: Cramer blames Federal Reserve for housing bubble
On September 19, 2008, on Hardball with Chris Matthews, Jim Cramer blamed the Federal Reserve for the United States housing bubble.
October 6, 2008: Suggested Investors Remove Money from Stock Market
On October 6, 2008, with the S&P 500 Index at 1,056, Jim Cramer advised investors to take money needed for the next five years out of the stock market.
2008: Start of Wharton study
From August 2001, a study by Wharton researchers found that Jim Cramer's charitable trust underperformed the S&P 500 primarily as a result of underexposure to market returns in years after the 2008 financial crisis, up until March 2016.
2008: Appeared in Iron Man and Wall Street: Money Never Sleeps
In 2008, Jim Cramer appeared in the movie Iron Man, spoofing Stark Industries on his show Mad Money, and he also appeared in the movie Wall Street: Money Never Sleeps.
2008: Cramer's negative outlook vindicated by financial crisis
In 2008, Jim Cramer was vindicated for his negative outlook when the 2008 financial crisis and the Great Recession took hold.
February 9, 2009: Article on Trading Against Cramer's Recommendations
On February 9, 2009, The Wall Street Journal published an article stating that trading against Jim Cramer's Buy recommendations had historically yielded 25% in a month.
March 2, 2009: Cramer criticizes President Obama's agenda
On March 2, 2009, Jim Cramer stated that President Barack Obama was pursuing a "radical agenda" that was causing the "greatest wealth destruction" he had ever witnessed by a president. White House Press Secretary Robert Gibbs responded by questioning Cramer's statements.
March 5, 2009: Cramer responds to White House criticism
On March 5, 2009, Jim Cramer responded to criticism from the White House regarding his comments on President Obama's economic policies, citing the stock market decline since the inauguration and concerns about the budget plan.
March 8, 2009: Cramer responds to Frank Rich's charges
On March 8, 2009, Jim Cramer responded to charges made by The New York Times columnist Frank Rich, stating that he did not understand how President Obama planned to implement tax increases, cap-and-trade limitations, and healthcare system changes during a recession.
March 12, 2009: Cramer admits mistakes on Bear Stearns calls
On March 12, 2009, during a conflict with Jon Stewart on The Daily Show, Jim Cramer admitted he had made mistakes regarding his calls on Bear Stearns.
March 2009: Stock Market indexes performance at the end of Obama's term
By the end of March 2009, major stock market indexes had more than doubled from the levels.
March 2009: Interviewed on The Daily Show
In March 2009, Jim Cramer was interviewed by Jon Stewart on The Daily Show.
April 2, 2009: Law License Suspended
On April 2, 2009, Jim Cramer's license to practice law was suspended after he did not renew his registration.
May 2009: Outperformed Market
Between 2002 and May 2009, Jim Cramer says that the performance of his "Action Alerts PLUS" charitable trust outpaced the S&P 500 Index and the Russell 2000 Index.
2009: Cramer and Karen Backfisch divorce
In 2009, Jim Cramer and Karen Backfisch divorced.
2009: Cramer invests in DeBary Inn and Bar San Miguel
In 2009, Jim Cramer and four other investors purchased the DeBary Inn in Summit, New Jersey. He and his wife also own Bar San Miguel, a restaurant and bar serving Mexican cuisine in Carroll Gardens, Brooklyn.
2009: Cramer's feud with Nouriel Roubini begins
In 2009, Jim Cramer criticized Nouriel Roubini, calling him "intoxicated" with his own "prescience", to which Roubini responded by calling Cramer a "buffoon".
2009: Cramer considered for Time 100
In 2009, Jim Cramer was among the candidates for the Time 100 list.
2013: Cramer discusses mental health issues
In 2013, Jim Cramer discussed dealing with mental health issues related to anger and workplace behavior, attributing the problems to his childhood experiences with his father.
2013: Publication of Jim Cramer's Get Rich Carefully
In 2013, Jim Cramer's book "Jim Cramer's Get Rich Carefully" was published.
2014: Death of N. Ken Cramer
In 2014, Cramer's father, N. Ken Cramer, who owned International Packaging Products, passed away.
April 18, 2015: Cramer marries Lisa Cadette Detwiler
On April 18, 2015, Jim Cramer married Lisa Cadette Detwiler, a real-estate broker and general manager of The Longshoreman restaurant.
March 2016: End of Wharton study
Until March 2016, a study by Wharton researchers found that Jim Cramer's charitable trust underperformed the S&P 500 primarily as a result of underexposure to market returns in years after the 2008 financial crisis, from August 2001.
March 31, 2016: Cumulative Return of Cramer's Trust
As of March 31, 2016, Jim Cramer's trust since inception had a cumulative return of 64.5%, whereas the S&P 500 fewer dividends returned 70% during the same timeframe.
August 2019: TheMaven Acquired TheStreet
In August 2019, TheMaven acquired TheStreet for $16.5 million.
September 15, 2020: Cramer calls Nancy Pelosi "Crazy Nancy"
On September 15, 2020, during a TV interview with U.S. Speaker of the House Nancy Pelosi, Jim Cramer addressed her as "Crazy Nancy", a phrase also used by President Donald Trump, and later apologized for it.
2021: End of Writing for TheStreet
In 2021, Jim Cramer stopped writing for TheStreet after having written for it since 1996.
2021: Roubini calls Cramer a "total f---ing idiot"
In 2021, Nouriel Roubini publicly called Jim Cramer "a total f---ing idiot", continuing their long standing feud.
2022: Tuttle Capital to launch 'Long Cramer' and 'Inverse Cramer' ETFs
In 2022, The Financial Times reported that Tuttle Capital Management filed to launch two ETFs: "LJIM" (Long Cramer) and "SJIM" (Inverse Cramer), betting with and against Jim Cramer's stock recommendations, respectively. The Inverse Cramer ETF would generally bet against Cramer's recommendations from Mad Money and Twitter, expecting a high turnover rate. The fund gained additional coverage upon Meta Platforms' Q3 2022 earnings miss and Cramer's subsequent apology.
Mentioned in this timeline
Coca-Cola a cola soft drink manufactured by The Coca-Cola Company...
Fox News is an American multinational conservative news and political...
Donald John Trump is an American politician media personality and...
Nancy Pelosi is a prominent American politician notably serving as...
The stock market is where buyers and sellers trade stocks...
The United States of America is a federal republic of...
Trending
51 minutes ago Illinois Tollway warns customers about phishing scams involving unpaid toll fees via text.
52 minutes ago Gerry Connolly Announces Retirement, Cites Cancer and Oversight Role Transition After Many Years.
2 hours ago Brazil Gains Support for Trade Deal as China Shifts to Brazilian Soybeans
2 hours ago UK Scientists Plan Sun Dimming Experiment to Combat Global Warming: Risks and Reactions
3 hours ago Crimea's Importance Amidst Trump's Statement and US Economic Concerns Highlighted.
3 hours ago Australian Election Impacted by Trump; Voters Reward Defiance in Tariffs Dispute
Popular
Pope Francis is the current head of the Catholic Church...
Cristiano Ronaldo often nicknamed CR is a highly decorated Portuguese...
Michael Jordan also known as MJ is an American businessman...
The Real ID Act of is a US federal law...
LeBron James nicknamed King James is a professional basketball player...
Donald John Trump is an American politician media personality and...