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

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socaldude

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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

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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?
 

Sanj Modha

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I think it's Twitter hype. Nothing more, nothing less.

Buffet/Munger might not be everyone's cup of tea but they've built a 50 year empire using the same principles.

They also own 5% of Apple. Keep an eye on that.
 

ApparentHorizon

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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’

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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

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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

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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?
 

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