Thanks to Crossing Wall Street we’ve discovered the treasure trove of Jim Cramer’s scribblings for the Harvard Crimson. This one—describing Cramer’s job as a hot dog vendor at a ballpark—seems to tell us a lot about where Cramer developed his signature style, and also where he learned to work for commissions.
A ball park vendor has to create a style to survive the competition of a hundred other barkers, for he gets no salary. He works strictly on commission, usually about 16-per-cent of his sales. In most stadiums this minute cut yields about six cents per hotdog, and two and one-half cents per coke.
Creme dela Cramer [Harvard Crimson]