Jim Cramer on Berkshire Hathaway: "Sometimes There's a Purloined Letter in This Business"

Berkshire Hathaway Inc. (NYSE:BRK-B) is one of the stocks on Jim Cramer’s radar recently. When a caller inquired about the stock during the episode, Cramer commented:

“One of the things I mentioned in, I didn’t mean to be critical, in How to Make Money in Any Market, but you know, Warren says, why not just own the S&P? Well, how about if someone said, why not just own Berkshire Hathaway? They did a heck of a lot better. Hey, you know what, I mean, sometimes there’s a Purloined Letter in this business.”

Berkshire Hathaway Inc. (NYSE:BRK-B) is a diversified conglomerate with businesses in insurance, rail transportation, utilities, manufacturing, and consumer products. During the August 11 episode, a caller inquired about the stock, and Cramer replied:

“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].”

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