×

Cramer Remix: Why it's crazy for George Soros to own stocks

Just because George Soros is rich, famous and likes gold, doesn't mean it's time to sell. In fact, Jim Cramer is getting sick of hearing from negative billionaires.

"They aren't the stewards of your capital. They aren't the be-all and end-all. They are simply people with a worldview that they are sharing with the media, so you shouldn't be blinded by the billionaire limelight hoping it will shine on you," the "Mad Money" host said.

Cramer has done his homework on Soros and couldn't recall a time when he wasn't negative about pretty much everything. If someone is negative about stocks, it makes sense that they would want to own gold.

Often investors use gold as an insurance policy against economic chaos, because when stocks go down gold tends to rise. Cramer has always recommended that having some gold exposure is a good idea through either bullion, the GLD ETF or Randgold Resources.

In reality, Cramer thinks someone only needs to get rich once. There is no reason to take a chance on the next Facebook, Regeneron orAmazon if you are already worth $23 billion like Soros. Thus, owning stocks is crazy and risky.

That is why Cramer urged investors not to take the advice of someone just because they are rich. That kind of reasoning could easily lead someone astray.

Businessman with headphones
Dag Sundberg | Getty Images

It was clear to Cramer that the market was taking a breather on Thursday. It was a dull session with nothing to trade off of and Cramer was bored.

With decent demand for commodities — a sign Cramer interpreted as being good global economic growth — and the Federal Reserve on hold, there wasn't much going on.

"I learned early on: 'never short a dull market.' Since this may be the dullest market I have seen in ages, what can I say? The thing is resting, working off all that bullishness. And nothing more, or less for that matter," Cramer said.

Blippar app on smartphone.
Source: Blippar
Blippar app on smartphone.

Move over Google, Blippar's visual discovery technology could become the new way to search.

This week, CNBC released its fourth annual Disruptor 50 list of privately held-companies that have developed revolutionary technology to change the industry.

Blippar was No. 9, using technology to utilize what it calls "discovery behavior" through the use of augmented and virtual reality. The technology allows users to point their camera at nearly any object, and the app will recognize it and provide additional information about the object, including where to buy it and how it is connected to everything else in the universe.

Jim Cramer spoke with Blippar co-founder and CEO Ambarish Mitra, who said he believes there is a suppressed curiosity in human beings today. Often they walk around and are curious about such things as a flower, design or beautiful car, but don't take the time to find out what it is. Blippar could change that, especially for those who may not be able to read.

"Think about what it could be doing for the illiterate people in the world," Mitra said. "That's where our long-term vision is. To bring in a sense of knowledge powered in the world, and that is what this knowledge graph is doing."

Another private company on Cramer's radar was Arctic Zero, the maker of ice cream alternatives that are fat free, lactose free, GMO free, gluten free, low glycemic and kosher. The company is all about helping people indulge in their sweet tooth without compromising dietary restrictions or a healthy lifestyle.

Arctic Zero offers more than 12 flavors that can be found at over 13,000 supermarkets and on Amazon. Cramer was also impressed with the financials, as it has doubled revenues in the past year and expects to do the same in 2016.

To learn more, Cramer spoke with the company's CEO Amit Pandi to find out how this brand became so successful. "Everyone loves ice cream, but not everyone can eat it … Our job and this product's job is to allow everyone to indulge and satisfy that ice cream craving," Pandi said.

In the Lightning Round, Cramer gave his take on two caller favorite stocks:

Lumber Liquidators: "Keep looking but don't go in there, because we are going to Lowe's, LOW."

Western Digital: "Keep wondering, but don't pull the trigger. Why? Because that group is just really, really difficult to own. That may be hte best of a bad lot. I prefer to see you in NVIDIA."