Jim Cramer on Berkshire Hathaway Stock: "Buy More"

Berkshire Hathaway Inc. (NYSE:BRK-B) is one of the stocks Jim Cramer recently discussed. When a caller inquired about it, Cramer was quick to say:

“Buy more, buy more. I’m just, I’m not buying this idea that this thing is Warren Buffett and nothing else. That doesn’t make sense. There have been a lot of people working at that company for the last couple decades who’ve been… involved, and it has done quite well. So I think the answer is [buy, buy, buy].”

Berkshire Hathaway Inc. (NYSE:BRK-B) is a diversified holding company with businesses spanning insurance, rail transportation, energy, manufacturing, retail, and services. The company’s operations include products and services in sectors such as utilities, industrial goods, consumer products, automotive, and aviation. When a caller inquired about the stock in a July episode, Cramer replied:

“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.”

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