Cramer rejects Buffett’s stance on stock picking, endorses a hybrid investing model

Chairman and CEO. Cramer favors the investment philosophy of Lynch, the legendary investor known for his management of Fidelity’s Magellan Fund and his book on investing, “One Up on Wall Street.”

Lynch’s philosophy is based on an investor taking advantage of his or her ability to observe, study and take action on a stock, Cramer said.

“That’s why I believe in a hybrid model. I don’t share Buffett’s contempt for homegamers who try to pick stocks, nor do I want you to go all-in on individual stocks,” he said.

Cramer provided a list of retail stock ideas for investors to test Lynch’s principles.

Walmart
Costco
Lowe’s
Whirlpool
PVH
VF Corp
Stanley Black & Decker
Ralph Lauren
American Eagle Outfitters
Gap
“I don’t mean to make it sound simple. If you want to invest like Peter Lynch you need to actually visit these places or try things on, whatever sparks your curiosity,” said Cramer, suggesting that viewers read Lynch’s book. “But I think one or two of these reopening plays go well with an index fund in your retirement account.”

A spokesperson for Berkshire Hathaway did not immediately return a request for comment.

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