Alphabet Inc. (GOOGL): I Was “Small Minded” For Selling, Says Jim Cramer

We recently published Jim Cramer Recently Talked About These 10 Stocks. Alphabet Inc. (NASDAQ:GOOGL) is one of the stocks Jim Cramer recently discussed.

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Alphabet Inc. (NASDAQ:GOOGL) is a stock that Cramer has admitted to being wrong about. The CNBC TV host has lamented selling the shares due to the firm’s troubles with the Justice Department. In his previous remarks, he commented that Alphabet Inc. (NASDAQ:GOOGL) might be worth more than $2 trillion if its Search business experiences a resurgence. Here are his latest thoughts:

“[On whether he was optimistic about the upcoming earnings] Unfortunately yes. I sold the stock for my trust. I got fed up because I just didn’t, well look I’ll tell you how wrong I was. I thought it mattered that the judiciary found that they were monopolistic. And you what that revealed me as? A small minded person. And I don’t like to be small minded in the face of people making money. I read the opinion. And it said that they are monopolistic. And I said to myself well they could be like Standard Oil. And then I sold it. . .I thought that Eddie Cue’s story about how the actual use of Google would be down. Again, I was not in keeping with the times.”

“But Alphabet, YouTube just turned out to be the home run. I, even though I was probably in the terms of my own view for my trust, I actually did feel that the court’s ruling would matter. And that’s cause I was pre-Trump, I think.”

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Disclosure: None. This article is originally published at Insider Monkey.