Cramer Who? Strategist Tells Why He's Sticking w/ Buffett
Warren Buffett has some detractors these days, even some highly-regarded detractors. Mike Holland is not among them. The chairman of Holland & Co. thinks the Oracle of Omaha has been trading very shrewdly recently.
"Buffett is getting some incredible values just in fixed income," he told CNBC. "There are a lot of values down there that are going to make a lot of money in this violent market."
That's why he likes (drumroll, please) Berkshire Hathaway.
"The guy (Buffett) is getting 10 percent cash returns, which, I think, most equity investors today would say, 'Not bad,'" he said. "He's building up that storehouse of value within Berkshire; you can't ignore what he's been doing recently."
- Counterpoint: Jim Cramer vs Buffett
- Watch the full Holland interview
Disclosure information for Mike Holland was not immediately available.
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