Jim Cramer on Berkshire Hathaway: "Could Be Good, But It's Not Buffett"

Berkshire Hathaway Inc. (NYSE:BRK-B) is one of the stocks Jim Cramer expressed his thoughts on. An investing club member inquired if the firm has lost its magic post-Warren Buffett or does it present an attractive diversified investment opportunity given that the firm is “sitting on all that cash”. Cramer replied:

“First of all, forget the cash business. It’s not a hedge yet. It’s just that they just don’t know what to do with the cash… I mean, you know, sometimes cash is not… there’s not a lot to buy, I think is what they’re saying, and they’re waiting for things to come down in value.

I don’t think that’s wrong. But as far as, is it different without Buffett? Of course it is. You were buying Warren Buffett. Now you’re buying people who’ve been taught by Buffett. Could be good, but it’s not Buffett. To me, that means cut the position back. That’s plain old and simple. I don’t want to, you know… I could say, hey listen, the next guy’s going to be as good as Buffett. Well, how can I do that? That… would be disingenuous. That’s not the way we play it in Cramerica.”

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