Jim Cramer on Berkshire Hathaway: “People Are Going to Get Bored With Owning This Stock”

Berkshire Hathaway Inc. (NYSE:BRK-B) was among the stocks Jim Cramer discussed on Mad Money, highlighting several companies with market caps over a trillion dollars. Cramer highlighted the company’s other businesses besides insurance, as he said:

The next two companies need to worry about keeping their trillionaire status and staying in the top 10. There’s Meta Platforms and Berkshire Hathaway… Pulling up the rear is an insurance and reinsurance company with a very solid leader who has a lot of other good properties, much in oil and gas and railroad. That is, alas, what Berkshire Hathaway really comes down to. Now that Warren Buffett has stepped down, people are going to get bored with owning this stock and the only thing that’s really going to keep them in there is that they don’t want to pay the capital gains tax when they ring the register. That’s what you have to do. I like the mosaic of businesses, but a lot of people are in this stock because they believe in Buffett so they might actually want to retire along with him.

A stock market chart. Photo by Arturo A on Pexels

Berkshire Hathaway Inc. (NYSE:BRK-B) is a conglomerate that operates a diverse range of businesses, including insurance, freight rail, utilities, manufacturing, retail, and consumer products. The company also provides construction materials, aerospace and industrial components, energy services, and financial and logistics solutions.

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