“I respect Warren Buffett, but I’ll always be a Peter Lynch guy,” Cramer said on “Mad Money,” responding to comments from Berkshire Hathaway CEO. Cramer favors the investment philosophy of Lynch, the legendary investor known for his management of Fidelity’s Magellan Fund and his investing book “One Up on Wall Street”.
Lynch’s philosophy is based on an investor leveraging their ability to observe, study and act on a stock, Cramer said.
“That’s why I believe in a hybrid model. I don’t share Buffett’s contempt for homegamers trying 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.
“I don’t want to keep it simple. If you want to invest like Peter Lynch, you have to actually visit these places or try things, whatever piques your curiosity, ”Cramer said, suggesting viewers read Lynch’s book. “But I think a couple of those reopening games go well with an index fund in your retirement account. “
A Berkshire Hathaway spokesperson did not immediately return a request for comment.