Jim Cramer on Berkshire Hathaway: “To Leave the Stock Now Is a Big Mistake”

Berkshire Hathaway Inc. (NYSE:BRK-B) was among Jim Cramer’s stock calls on Mad Money recently. Noting that the stock has underperformed the S&P 500 by about 45% over the last 12 months, a caller asked whether they should still own it. In response, Cramer said:

Yes, look, I read the Greg Abel articles, and I think he’s a man who really understands a great deal about what has to be done. I think he has a very strong hand, and I love the assets. I think the assets that were put together by him and by Warren Buffett are second to none. And I think that to leave the stock now is a big mistake.

Photo by Adam Nowakowski on Unsplash

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. During the March 27 episode, a caller questioned whether philanthropic stock sales might negatively impact the share price and asked Cramer whether the stock was a buy, sell, or hold. The Mad Money host replied:

Wow, you know what? You actually hit on something pretty interesting there. Here’s how I feel about it. I think you have to wait a year. We can’t make a judgment yet. We gotta see what, this is a long-term company, and long-term means at least one year before we make a judgment. So I would hold on to it for a year. I do hope that they continue to be open-minded about what they own so we can make better judgments.

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