The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success

Musk vs. Buffet and Munger...The Future and Past Collide!!

socaldude

Platinum Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
Speedway Pass
Jan 10, 2012
1,323
3,015
786
Mexico
Elon tends to talk with double-entendres and riddles. You have to read between the lines.

Chocolate is hard to work with and heavily dependent on processes and methods. I'm guessing Elon is betting on a new method? Maybe something similar to how astronaut food is made?

Just a wild uneducated guess. :wideyed:
 

Thoelt53

Gold Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Dec 8, 2016
351
1,078
363
Boston, MA
Could Elon really start a candy company that surpasses Sees if he wanted to?
Why couldn't he? Why couldn't anyone who wanted to do so, do so?

I haven't heard of See's until just now.

I think the bigger and better question is: could someone start a chewing gum company that surpasses Wrigley's if they wanted to?
 

ApparentHorizon

Gold Contributor
Speedway Pass
Apr 1, 2016
829
2,392
553
Greenville, SC
I thought this was interesting.

Could Elon really start a candy company that surpasses Sees if he wanted to?

Buffett to Musk: ‘There Are Some Pretty Good Moats Around’

Sent from my SM-G950U using Tapatalk
FU Money + Trolling. Typical Musk

Berkshire Hathaway has a huge problem right now. They're sitting on over $100B because they can't find anything else to invest in.

So Musk has a point. You can always invest in R&D. But at BH levels, there is no where else to build that moat.

They also own 5% of Apple. Keep an eye on that.
Up to 15% now

AAPL Apple Inc 14.6303%
WFC Wells Fargo & Co. 14.537%
KHC Kraft Heinz Co. The 13.2404%
BAC Bank of America Corp. 10.481%
KO Coca Cola Co. 9.5962%

Their top 10 holdings account for 80% of their profits. Keep that in mind when you hear people talk about diversification.
 

Sanj Modha

Gold Contributor
Speedway Pass
Feb 16, 2016
783
2,291
555
37
FU Money + Trolling. Typical Musk

Berkshire Hathaway has a huge problem right now. They're sitting on over $100B because they can't find anything else to invest in.

So Musk has a point. You can always invest in R&D. But at BH levels, there is no where else to build that moat.



Up to 15% now

AAPL Apple Inc 14.6303%
WFC Wells Fargo & Co. 14.537%
KHC Kraft Heinz Co. The 13.2404%
BAC Bank of America Corp. 10.481%
KO Coca Cola Co. 9.5962%

Their top 10 holdings account for 80% of their profits. Keep that in mind when you hear people talk about diversification.
FU Money + Trolling. Typical Musk

Berkshire Hathaway has a huge problem right now. They're sitting on over $100B because they can't find anything else to invest in.

So Musk has a point. You can always invest in R&D. But at BH levels, there is no where else to build that moat.



Up to 15% now

AAPL Apple Inc 14.6303%
WFC Wells Fargo & Co. 14.537%
KHC Kraft Heinz Co. The 13.2404%
BAC Bank of America Corp. 10.481%
KO Coca Cola Co. 9.5962%

Their top 10 holdings account for 80% of their profits. Keep that in mind when you hear people talk about diversification.
Damn...almost 15%?
 

Merging Left

Silver Contributor
Read Millionaire Fastlane
Speedway Pass
Jul 20, 2014
389
699
279
29
The argument is whether a unique, competitive advantage is more critical to the long-term success of a business than the rate of innovation.

Musk has a point. There are plenty of examples of companies that had competitive advantages that were overtaken by another's innovation. Anyone remember Blockbuster?

A competitive advantage is certainly required for a company to continue to grow, but the competitive advantage is defended through constant innovation. Your advantage today may not be your advantage tomorrow, as technology and opinions change.

Tesla's competitive advantage IS their rate of innovation. They're leagues ahead of their competition, and continue to outpace them. If they stopped right now, and just continued to spit out their current lineup of cars, I have absolutely no doubt that one of the other major auto manufacturers would pass them in quality and reliability within 5 years, if not sooner.

Food for thought: What titans of industry have not changed or innovated in the last 10+ years? Are their competitive advantages from a decade ago still advantages? Could innovation dethrone them?
 

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account on our community. It's easy!

Log in

Already have an account? Log in here.



Don't like ads? Remove them while supporting the forum. Subscribe to become an INSIDER.

Post New Topic

Please SEARCH before posting.
Please select the BEST category.

Post new topic

New Topics

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Monthly conference calls with doers
Ideas needing execution, more!

Join Fastlane Insiders.

Top Bottom