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Warren Buffett and Charlie Munger on Elon Musk
In a video of Warren Buffett and Charlie Munger, they are asked a question about Elon Musk. The interviewer asks them the following:
Charlie once said that he prefers to hire someone who has an IQ of 130 but believes it is 120 over someone who believes they have an IQ of 170, but it's actually 160. Given the recent success of Elon Musk with Tesla, SpaceX, and Starlink, do they still hold the view that Elon Musk overestimates himself.
Charlie responded that Elon Musk does overestimate himself, but that Elon Musk is the kind of person that can overestimate himself.
Warren Buffett mentioned that Elon Musk might score over 170 on an IQ test and that he did a great job on the recent Bill Maher interview. He says Elon Musk dreams big.
Charlie went on to say that Elon Musk wouldn't have achieved what he did without taking on impossible situations. Elon Musk likes the challenge and Charlie and Warren like the easy job and things that are well known and not difficult.
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Why They Don't Invest in Tesla
When you hear Charlie and Warren, you get an idea of the type of investments that fit their style of investing. They want investments that are simple and well known with established companies.
With Elon Musk and Tesla, it requires an undying devotion to the company and the success of it in the pursuit of solving the impossible. Every once in a while, Elon Musk does solve the impossible. One example of this will be with Tesla and FSD - that is an impossible task, but I believe it will be solved one day.
Warren also went on to say that he would not feel at peace - or something to that extent, with an investment in Tesla because it is not the easy or well established company that he typically invests in. Tesla would cause him a lot of stress.
Tesla is not a company for the person who likes certainty and can't stomach volatility. It's a company that has more FUD (fear, uncertainty, and doubt) around it than I've ever seen a company experience. Yet, it is one of the most important companies in the world.
What do you think of this question asked of Warren Buffett and Charlie Munger about Elon Musk?
Warren Buffett today on @elonmusk: There's this Bill Maher program, he interviews Elon. Elon does a terrific job toe to toe with Bill Maher. It's worth watching. Elon is a brilliant guy; He dreams about things and his dream have got a foundation.Munger: He likes taking on the… pic.twitter.com/s8NdiI5WcL— Sawyer Merritt (@SawyerMerritt) May 6, 2023
In Related News: Tesla Model Y is Big Savings For Police Departments
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Jeremy Johnson is a Tesla investor and supporter. He first invested in Tesla in 2017 after years of following Elon Musk and admiring his work ethic and intelligence. Since then, he's become a Tesla bull, covering anything about Tesla he can find, while also dabbling in other electric vehicle companies. Jeremy covers Tesla developments at Torque News. You can follow him on Twitter or LinkedIn to stay in touch and follow his Tesla news coverage on Torque News.
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