My first job at a Wall Street firm was printing out the earliest James J. Cramer columns on TheStreet.com in the late 90’s and handing them out to the brokers.
The guys stopped whatever they were doing when I passed by with the still-warm sheets off the photocopier. No one was writing about the markets all day, every day like Jimmy was. He was talking about stocks that the TV anchors had never even heard of, he was beating himself up over losing trades in full public view and using the lingo that only real Street guys knew at the time.
He invented the financial blogosphere (see my earlier The Street.com: Motown Records of the Financial Web).
New York Times Magazine has a five digital page profile about Cramer in the aftermath of that Jon Stewart ambush. He is “hitting all-time highs” these days according to the writer.
Here’s Cramer on that Daily Show appearance, which he says he had no idea would be such a bonfire:
“The old me would have hit Stewart with a chair. I’m proud I didn’t do that. I controlled myself. But maybe I shouldn’t have. Maybe I should have taken the gloves off. When Stewart talked about how his 75-year-old mother lost money in the market, I could have said: ‘Hey, your brother Larry Leibowitz is one of the heads of the New York Stock Exchange. Why didn’t he give your mom advice? Maybe I should have said that.”
Even if you’ve already read the seminal Confessions of a Street Addict and some of the other profiles of Cramer over the years, you should probably check this one out this weekend.