Cramer's 'Mad Money' Recap: When Buffett and Cramer Concur

Stock quotes in this article: JNJ , KO , BNI , WMT , COP , PG , UNH , UNP  

Click here for an archive of Cramer's "Mad Money" recaps.


"Looking at great investors for ideas of what to buy will rarely steer you the wrong way," Jim Cramer told viewers of his "Mad Money" TV show Thursday.

At the same time, people should still do their homework before blindly piggybacking off a master money manager.

Everyone wants to invest like Warren Buffett, he said. "But is it desirable? Will it make you money or hurt you?"

A visitor on Stockpickr.com came up with a review of Warren Buffett's stock picks that was so popular it crashed the site.

Cramer liked the idea so much he said he's devoting two segments of today's show to it.

"I want to teach you to become a better, more effective piggybacker," he said.

The first Buffett stock he called out was Burlington Northern Santa Fe (BNI Quote), the best railroad for moving coal.

"Buffett is dead-on" with BNI, Cramer said. Coal is king, and BNI is among the quartet of rails that has banished competition in the sector by dividing the country up into different sections, in which each can operate and raise prices.

Second is Coca-Cola (KO Quote), he said. Though this stock has been "really crummy" for a long time, it's the right place to be right now.

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