TonyCinTX

Cramer vs. Buffett: An ETF Perspective

I am a Berkshire holder. Buffet doesn't hold-and-hope. He buys solid profitable companies, and you will note he sells them when he no longer likes they way they are going. He makes a distinction between cyclical downturns and stock market pessimism and the fundamentals of the business, so he is only selling when there is something better to buy. There is need to "hope", we already know these businesses have a long track record of beating their competition and making money and we have a dozen solid reasons to believe that will continue. If the environment changes, technology changes, the market changes, the moat disappears or competition finds a way to kick our butt or demand permanently declines, it is time to get out, and Buffet does that. Note that he shut down the original textile business that was Berkshire Hathaway when it stopped making a profit.

Cramer is just a hyperactive amnesiac with a 50/50 record (and some decent insights, but still a good number of boneheaded recommendations) that does not admit his mistakes or spins the losses by claiming he was iffy. It is a rhetorical trick used by politicians, if you always put a qualifier and a condition or two into your recommendations so they sound thoughtfully expert, you can always spin it into an escape hatch later and claim victory.