Buffett isn’t like the rest of us.
Jim Cramer doesn’t believe Warren Buffett’s latest investment move in Japan is something that everyday investors can follow.
“I think people will say that our markets are overvalued. I say that it doesn’t matter where he goes. Maybe Japan is relatively cheaper, but I don’t know what to do with it. I’m not going to be able to do what he does,” Cramer said.
DON’T MISS: Warren Buffett Is Proud Enough to Boast About His Newest Investments
“I just think there are a lot of stocks… you’re going to be looking at stocks trying to figure out at what to buy, not what to sell. I don’t think that anybody going anywhere other than America is going to have a very easy time picking good stocks.”
“He’s earned that. I’m not jealous of him, he’s earned it, but I just don’t think he invests like us,” Cramer reiterated as the Oracle of Omaha has investing advantages that name recognition and unfathomable wealth provide him.
Buffett told Nikkei Asia Tuesday that he intends to add to his investments in Japanese stocks and that he is “very proud” of his current holdings.
Berkshire Hathaway raised its stakes in Japanese trading houses Mitsubishi Corp., Mitsui & Co., Itochu Corp., Marubeni Corp. and Sumitomo Corp. to 7.4% each, CNBC reported.
That level is up from positions of about 6.5% for each holding.
We’re very proud of that,” Buffett told Nikkei Asia while saying that he would meet with each of the companies this week in order to “really just have a discussion around their business and emphasize our support.”
Japan has piqued the interest of the 92-year old Oracle of Omaha and Berkshire Hathaway has signaled that it is ready to invest more in the country after it said that it is planning to issue yen bonds for the first time since December 2022.
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