CNBC "Mad Money" host Jim Cramer said on Tuesday he is bullish on Warren Buffett-led Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B) and investors should stay long on the stock.
What Happened: Cramer said on CNBC's "Mad Money Lightning Round" that investors can never go wrong buying the shares of the company led by the veteran investor — "the Oracle of Omaha."
Buffett, 91, is currently the chairman and CEO at Berkshire Hathaway and has a net worth of over $106 billion, as per Bloomberg Billionaire Index. In comparison, Tesla Inc TSLA CEO Elon Musk’s net worth ballooned to $287 billion this week.
Cramer believes Buffett has a great team and a lot of great brands. “You’re never going to go wrong buying the shares of Berkshire Hathaway, even after whatever happens to Mr. Buffett because he’s got a great team,” Cramer said on CNBC.
“Huge cash flow, a lot of great brands, I want you to stay long in that stock.”
Why It Matters: Earlier this year, Buffett ended years of speculation and named Vice Chairman Greg Abel as his successor if he were to step down.
The Omaha, Nebraska-based Berkshire Hathaway managed assets worth $293 billion as of the second quarter. The company has stakes in Coca-Cola Co KO, Apple Inc AAPL, American Express AXP, among others.
Price Action: Berkshire Hathaway Inc Class A shares closed 0.34% higher at $437,890 a share on Tuesday and were up 51% in after-hours trading.
Photo: Courtesy of Fortune Live Media via Flickr
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
