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Why Cramer Isn't A Fan Of Buffett's Advice To Retail Investors On Not Owning Individual Stocks
CNBC host Jim Cramer has rejected
Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) chairman Warren Buffett’s advice to new retail investors to invest in index funds rather than individual stocks.
What Happened: The “Mad Money” host said he does not share Buffett’s views and advised individual investors to adopt a hybrid investing model, adding that he favors the investment philosophy of Peter Lynch.
“I respect Warren Buffett, but I’ll always be a Peter Lynch guy,” Cramer said.