We recently published Jim Cramer Discusses These 10 Stocks & AI-Led Disinflation. Berkshire Hathaway Inc. (NYSE:BRK-B) is one of the stocks Jim Cramer recently discussed.
Berkshire Hathaway Inc. (NYSE:BRK-B) is Warren Buffett’s investment company. The shares are up by a modest 5.4% year-to-date, and they have lost 11.9% since early May. This performance covers the period since Buffett announced his retirement. Cramer discussed the share price performance since then:
“[On stock underperforming] Boy people are really just. . I know, I mean I was thinking about the fact that they’re selling Bank of America, is that Buffett selling Bank of America or like the number two selling Bank of America. I think the underperformance, you have to shake out the fellow travellers. The people who really just felt, I’m in this for Warren. Because I think that there is a group of [inaudible] who have done incredibly well. He was very unhappy for a while about how the rail was doing. And he made it so it’s the best rail. . . But the people who are leaving are the people who just thought that there was a stock and that stock’s name was Warren Buffett. They don’t realize that there’s just many great businesses that he owns. He is very tax concerned, I think he’s overly tax concerned, he, meaning that I think he waits too long to sell if it’s bad. But I do think that you’re getting a great franchise and you should not leave.”
A team of insurance professionals in a boardroom overlooking a city skyline.
Cramer commented on Berkshire Hathaway Inc. (NYSE:BRK-B) just before Buffett’s announcement. Here’s what he said:
“It’s been remarkable how prescient he is. And I remember when you’ve talked about it, kids week, it was an observing thing. He was taking some profits. It’s really interesting. I know David always points out to me, he may not do the actual picks. . .Russell Weiner said do you know that Warren Buffett is now my second largest shareholder? And that’s Dominos. And he said I don’t speak to him but it is, and I said well I don’t know, maybe it’s possible that he’s not, that he, but I went to Becky Quick, because Becky can ask him. But what an informator if you find out that he is your second-largest shareholder.”
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Disclosure: None. This article is originally published at Insider Monkey.
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