Despite the bewildering talk of head and shoulders patterns, triangles, ceilings, break out patterns and other esoteric charting talk that might as well be Greek to this value investor, Jim Cramer’s bullish outlook on Berkshire Hathaway is interesting to watch.
Of course, we would be remiss to fail to mention Mr. Cramer’s famous call to short Berkshire Hathaway on March 10, 2000 – the very date that the NASDAQ hit its all time high … and Berkshire Hathaway closed at $40,800, the lowest price that Berkshire has ever traded at since that date.
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For more on Jim Cramer’s famous short call on Berkshire in March 2000, see Jason Zweig’s commentary in the 2003 version of The Intelligent Investor, page 217 footnote.
Disclosure: The author owns shares of Berkshire Hathaway.