My conclusion? You wouldn't want to buy Berkshire if Buffett weren't at the helm. Not in this condition. Kass nailed it.
I would not be a seller here. I would still be a buyer. Buffett has the power to make this company a better investment as a whole than in parts.
But no one else on earth can pull it off. So my mind would change if Buffett isn't immortal.
Thank you, Doug Kass, for pointing all of this out. It was very brave and yet still very respectful. Not tough enough? If anything they cut to the matter at hand: would you want buy Berkshire Hathaway without Buffett?I think the answer is "no." Action Alerts PLUS, which Cramer co-manages as a charitable trust, is long GE and GS.
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