GameStop (GME 0.22%) has given CEO Ryan Cohen free rein to invest the company's cash however he sees fit. That could mean public equities or private deals, even investments that Cohen has a personal interest in. This looks a lot like when Warren Buffett bought a controlling stake in Berkshire Hathaway (BRK.A 1.34%) (BRK.B 1.76%), eventually creating the company we know today.
In this video, Travis Hoium covers why GameStop looks nothing like Berkshire Hathaway in the mid-1960s and why this investment strategy could be doomed from the start.
*Stock prices used were end-of-day prices of Dec. 12, 2023. The video was published on Dec. 13, 2023.
