RealMoney Radio Recap: Inquiring Minds

In addition to banks, he looks for good IPOs in the aerospace sector, but two places he said he doesn't like are the biotech or tech areas.

Middleman March

Cramer said investment banks are a key part of corporate acquisitions.

"A company wants to grow when it feels its current growth is tapped," he said.

For this reason, companies go to investment banks, he said.

A Procter & Gamble (PG Quote) does not reach out to Gillette on its own. It's all done by bankers -- the middlemen, he said.

When an emailer asked about foreign markets, Cramer said he has historically not liked the Chinese IPO market because he feels as if he's being taken advantage of, since there is no serious Securities and Exchange Commission there. In addition, he feels the Chinese market is an insider's game. The Indian market, however, is very much like the U.S., he said, adding that he would own any of the Indian consulting companies or Tata Motors (TTM Quote), India's big car company, he said.

He doesn't even care which consulting company people buy, he said. "That's how bullish I am about them," he said.

Cramer said he also recommends Bangalore-based Wipro (WIT Quote), which is a little speculative.

People should go to India to diversify themselves overseas, he said.

For Latin America exposure, Cramer advised looking at America Movil (AMX Quote), Bancolombia (CIB Quote) and Homex Development (HXM Quote).

Cramer also suggested Colgate (CL Quote), an American company that has a lot of Latin America exposure.

Responding to a high-schooler who wrote in asking about how one prepares for a job on Wall Street, Cramer emphasized the necessity of reading the paper, and particularly the business section.

Cramer said that whenever he comes across an interviewee who wants to work for him and it becomes evident that that person doesn't read the paper, he doesn't consider that applicant any further.

The second piece of advice Cramer gave was to "be armed with two or three stocks you believe in."

"Don't be a wallflower when trying to get a job," he said "It won't work."

Also, show that you are a hustler and are willing to do things people are not willing to, he said.

"Never be afraid to do something that you regard beneath your station," he said. "There has to be some swallowing of pride."