Jim Cramer on the next Berkshire Hathaway (2007)

I think every portfolio has to take the risk/reward here of finding the next Buffett.

A selloff in a healthy environment, where inflation is under control and interest rates are stable ... is a great opportunity to pick up leadership names like a Sears or a Brookfield or a Goldman.  These are asset managements -- that's why I like them. They aggressively manage their assets, and that's what you should be buying.

Eddie Lampert is a terrific investor, and he's the brains behind Sears. ... I am urging patience. I don't want people to quit Sears.

~ Jim Cramer, June 21, 2007

(On TheStreet.com TV's Wall Street Confidential Web video Thursday, he nominated Brookfield Asset Management (BAM) as an international Berkshire Hathaway; Sears (SHLD) is a domestic Berkshire Hathaway, he said.)