Cramer had a eureka moment on Monday: He realized that the US government and Warren Buffett’s Berkshire Hathaway manage very similar portfolios. Check out their holdings:
The US owns General Motors and Chrysler, Buffett owns a Chinese energy-efficient car company. The US controls most of AIG – and as a result of its deal with MetLife, a significant chunk of that company, too – while Buffett has Geico and General Re. And among the housing-related plays, the feds have Fannie Mae , Freddie Mac and Citigroup , and Buffett runs some carpet and furniture companies as well as Clayton Homes.
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Of course, the main difference here is that Buffett is building his portfolio while the government is in the process of divesting. But the US positions hold “more hidden value than people think,” Cramer said. In fact, “I bet that Warren Buffett wouldn’t mind cherry-picking some divisions, including the one that AIG still has to sell.”