Saturday, August 11, 2007
I Was Once in a Cramer Crater
By now nearly everyone has seen this clip of Jim Cramer flipping out over the need for Bernanke to lower interest rates.
Is Jim Cramer really this insane or is it an act for television? Actually, he really is like this. Many years ago I pursued a career as a playwright and made ends meet by working at the document center of Goldman Sachs. Jim Cramer was there, working in the fixed income department. One day he came down with two hours of work which he needed done in 40 minutes in order to meet a Fedex deadline. For some reason he was under the impression that if he yelled at me, at much the same volume he reaches in this video, I would somehow attain the ability to type three times faster. Predictably, we didn't meet the deadline. Afterwards he seemed a little embarassed but didn't say he was sorry. After he left, his analyst underlings did apologize for him, though -- profusely.
There were a lot of type A personalities at Goldman, but Jim Cramer was really in a category of his own.