RealMoney Radio Mailbag: The Two Sides of Wall Street

A listener learns from Cramer about the buy side and the sell side.
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Editor's note: The following are questions received from listeners of "RealMoney Radio." To send Cramer a question about topics from his radio show, click here. Listen to Cramer's latest radio show by clicking here.

What do buy side and sell side mean?-- Mike from New York

James J. Cramer:

The buy side consists of money managers like mutual funds, hedge funds and insurance companies. The sell side consists of the brokers that perform research and provide trading services for buy-side firms.

Legg Mason

(LM) - Get Report

is an example of a buy-side firm, and

Goldman Sachs

(GS) - Get Report

is a sell-side firm.

Jim, do you like any video game stocks?-- Alexandra from Florida

James J. Cramer:

Yes, I own

GameStop

(GME) - Get Report

for my charitable trust,

ActionAlertsPLUS. I think the new video game cycle is going to be very strong, and GameStop and

Electronic Arts

(ERTS)

are my favorite picks in the space. Expect the news flow to really pick up with the Xbox 360 being in short supply this holiday season.

Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by

clicking here

.