Cramer misses the good 'ole days when the activist investors would actually try to help out the little guys. They would turn around struggling companies and ailing executives who needed to be held accountable.
These days though, it seems like they are going for the big dogs. The best of the best.
"They don't want to lose money, so they pick targets who are already successful and they put heat on them to do even more. In poker terms, they're going after players who have built a straight and trying to get a full house out of them."
This is just too darn sad, because Cramer thinks that there are two companies who are just begging for an activist to strike: United Technologies and McDonald's.
However on Friday, investors learned that the CEO Louis Chenevert may or may not have been spending a lot of time fine tuning his yacht rather than on running his business, resulting in the announcement for Chenevert to retire abruptly.
Then there is McDonald's. Cramer is hearing rumors that there is nothing that this company can do to turn itself around. That they are selling the wrong kind of food.
Seriously?! They have a terrific balance sheet with an extensive reach; Cramer thinks there is definitely something they can do to turn itself around. No one seems to want to take on McDonald's CEO Don Thompson though.
Read More Cramer to activists: Pick on McDonald's!
"History can be a very powerful guide when it comes to picking stocks, but there are times when you simply cannot take your cue from the past, because the future looks so different from anything we've seen before," the "Mad Money" host added.
GameStop is the ultimate example of this. Investors who have stuck with GameStop have been bent, abused and thrown around because they will not acknowledge that things have changed in the video game business.
Wrong. GameStop reported horrendous numbers approximately three weeks ago, missing the quarters in both earnings and sales. The stock fell 13.7 percent after this latest quarter, and has continued to tumble since that time.
What is interesting to Cramer is that the bulls have spent most of the year talking about how GameStop should be doing really well. However, there is a reason why the stock continues to fail, and it's not because of the excuse GameStop gave of a delayed release in the new Assassins Creed game
Alternatively, technology retailer Best Buy has been climbing at a steady pace.
What has Best Buy done differently? Acknowledgement. Management has openly acknowledged all of the issues that the company has faced.
"They don't avoid these issues, they attack them head on, in stark contrast to GameStop, which keeps proving that denial is not just a river in Egypt, to name another river besides Amazon that has destroyed retailers," Cramer said.
Read More Cramer: Stop relying on past trends to pick stocks