Wastin' Away in Humdrum Stocks - TheStreet

Matt "I'm Better than Buffett -- Jimmy Buffett" Jacobs

and

Jeff "Better than Graham -- Kent Graham" Berkowitz

were marvelling at the decline in

Berkshire Hathaway

(BRK.A) - Get Report

today.

Matt's theory was that it doesn't matter that Berkshire Hathaway goes down pretty much every day -- it is "financially incorrect" to say anything negative about the "Informix of Omaha" (Matt thinks it is a travesty to confuse Buffett with the red-hot B2B play that he used to be known as).

So immediately (in case they thought I was listening), they stipulated that Buffett is the greatest investor ever, even if Berkshire drops another 50%. In fact, they are standing over me now demanding that I write that the

Bloomberg

machine is simply printing out the chart since November

upside down

!

In truth, I think the reason why this stock is going down is because of Berkshire's buy of

General Re

. As someone who is long

AIG

(AIG) - Get Report

, I can tell you that these stocks could pull down any portfolio, but especially one dominated by

Coke

(KO) - Get Report

and

Disney

(DIS) - Get Report

!

Join the discussion on

TSC

Message Boards.

In other words, Buffet not only has no

Cisco

(CSCO) - Get Report

,

Nokia

(NOK) - Get Report

,

Sun Microsystems

(SUNW) - Get Report

and the other rockets, it owns the ballast. A veritable double-whammy!

That doesn't mean he isn't the best that has ever lived. It does mean that I would stay away from the stock.

Random musings

: Some bogus story about accounting changes at Cisco gets passed off as journalism and the stock gets hit for a nanosecond. Thanks for the opportunity! ... Join me for the

Yahoo!

chat after the bell.

James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long AIG, Cisco, Nokia, Yahoo! and Sun Microsystems. His fund often buys and sells securities that are the subject of his columns, both before and after the columns are published, and the positions that his fund takes may change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Cramer's writings provide insights into the dynamics of money management and are not a solicitation for transactions. While he cannot provide investment advice or recommendations, he invites you to comment on his column at

jjcletters@thestreet.com.