Jim Cramer Says "Let's Hold on to Berkshire"

Berkshire Hathaway Inc. (NYSE:BRK-B) is one of the stocks on Jim Cramer’s radar. A caller asked for insight into the stock and its future, and in response, Cramer said:

“Well, look, Warren Buffett is tremendous, and I have to believe that he’s also tremendous in picking a successor, so I’m not nearly as concerned as the sellers. I would encourage you to hold on to this great company, and it’s not just because I love the man, it’s because I think the man is excellent, and he would pick someone who’s great, and I think he has them. So let’s hold on to Berkshire.”

Berkshire Hathaway Inc. (NYSE:BRK-B) is a multinational conglomerate, and its businesses span insurance, energy, transportation, manufacturing, retail, and services. The company subsidiaries produce goods from chocolates to industrial components, offer utilities and logistics, and provide financial, aviation, and consumer services. During a June episode, while discussing the company after news of Warren Buffett’s retirement announcement, Cramer commented:

“Alright, so Berkshire B. Yeah, look, I like it. I know that Warren’s retiring. I get that. But you know what? He has a big bench. He has terrific people, and I know that we should all love and appreciate Warren, but I am also going to appreciate him for what I think is going to be a consistent way to have a new CEO. And that’s how I’m gonna leave it.”

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