Acting on the advice of others is often a bitch's game

Jim Cramer, of CNBC, warned viewers Tuesday of the risks that there was to rely on the advice of other people to invest in the stock market.

"Mad Money" facilitator suggests understanding your own investment goals and priorities before deciding to follow in the footsteps of a great fund manager, highlighting the bearish outlook and "terrifying statements" offered by Ray Dalio , founder of Bridgewater Associates, in January.

At the time, the famous hedge fund manager was evaluating the policy, the economic cycle and the Federal Reserve's monetary policy measures "was a scary thing that made you want to sell everything," he said. Cramer. Nobody is perfect and even the main investor is often mistaken.

"It turned out that it would have been a good time not to sell, but to buy.And when you look at Dalio's flagship fund in Bridgewater, its first half performance would have dropped by 4.9 % …," he said. "And it's okay for him: he's already one of the richest men in the world, he will not miss it."

"Of course, listen to these big money managers.Do not trust what they say, take them seriously, but follow their advice: it's a wind game," Cramer said. "If you want to manage your own money, you can not borrow the worldview of someone else.You have to think for yourself.Other, frankly, you might as well sink your money into an index fund. "

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Consumer products companies are gaining power, recalling the 1980s, said Cramer.

Consumer stocks such as Coca-Cola and Kimberly-Clark posted a performance comparable to that of the US post-industrial economy, which allowed a company such as Merck to outperform Ford or General Motors, according to his host, who was a stockbroker with Goldman Sachs, then hedge fund manager during that decade.

The major averages all rose 0.68% during the Tuesday session and, aside from the trend in the semiconductor sector, resembled the beginning of the "big bull market" of the 1980s, said Cramer .

"These stocks of packaged consumer goods have not worked much against technology, they have incredible pricing power, vast untapped markets abroad, and extraordinary dividends," he said. -he declares. "If I'm not mistaken, it's as if it was again the 1980s, it means that groups like Coca-Cola and Kimberly-Clark have a lot more room to run."

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Hasbro CEO Brian Goldner, reading the company's earnings report, appeared in "Mad Money" to explain how the company plans to relocate its production activities to China and what goals it hopes to achieve.

"We believe that by the end of 2020, we will be under 50%, and I must say that 20% of our revenues come from the manufacturing sector in the United States," Goldner said. "We have added India, we have added Vietnam and we will continue to add new geographical areas and intensify our efforts."

See the full interview here

Cramer crowned Hershey as the "king of snacking", but suggested that Mondelez International be the best buy of both candy producers.

While the former is expected to make gains on Thursday and the last should be released next week, the host said he thought Mondelez was more likely to pull himself together after the results were released.

"In the end, Hershey is the best company and it's already taken into account when it comes to their actions," he said. "Given the Hershey stock stock, I feel much more confident and more comfortable buying the Mondelez stock here."

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Star of Shark Tank and founder and CEO of FUBU, Daymond John, explained how to invest in companies that impact his life, on brand management and on the competitive advantage for starting a business.

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During Cramer's flash game, the host of "Mad Money" quickly comments on his choices regarding stock selection of the day.

eBay: "You are not a pig.You will own eBay.It goes a lot higher.It separates, brings value, does better – this is not the level to sell eBay."

Cloudera: "They missed a lot of quarters, I do not share your enthusiasm for this title, it could bounce back because it's so low, but they're in a no-fly zone for me."

Cadence Design Systems: "I loved the quarter, I mean the title is sold at $ 4 … but I liked the quarter."

Disclosure: The Cramer Charitable Trust owns shares of Goldman Sachs.