2 years ago
Tesla and Spacex CEO Elon Musk has shared his recommended concern strategy, which helium believes “will service you good successful the agelong term.” Some radical noted that Musk’s strategy is akin to 1 adopted by Berkshire Hathaway CEO Warren Buffett.
Elon Musk’s Investment Advice
Tesla and Spacex CEO Elon Musk gave immoderate concern proposal Sunday, noting that helium has been asked astir it “a lot.”
He explained that investors should bargain banal successful respective companies that marque products and services that they judge in. They should lone merchantability if they deliberation those products and services are trending worse, Musk continued, emphasizing that they should not panic erstwhile the marketplace does. “This volition service you good successful the agelong term,” the Tesla brag stressed.
At the clip of writing, Musk’s tweet has been liked much than a cardinal times and retweeted 110K times.
Responses to his tweet were mixed. Some radical agreed with Musk portion others argued astir antithetic aspects of his advice, specified arsenic saying severely overvalued investments should not beryllium held agelong word and not each marketplace reactions should beryllium ignored. A fewer took Musk’s proposal arsenic a informing that his electrical car company, Tesla (TSLA), whitethorn person immoderate atrocious quality soon.
A fig of crypto proponents said they person been doing conscionable arsenic Musk recommended with cryptocurrency, supporting the projects they judge successful careless of the underlying coin prices.
Some investors noted that Musk’s proposal is akin to the worth investing strategy touted by Berkshire Hathaway CEO Warren Buffett. The Oracle of Omaha talked astir worth investing successful immoderate item implicit the play arsenic helium explained wherefore helium is not investing successful bitcoin oregon different cryptocurrencies.
Several radical pointed retired that Musk is utilizing this strategy successful his bid to bargain Twitter. The world’s richest billionaire struck a deal to bargain 100% of the societal media level for astir $44 cardinal past week.
In March, Musk besides gave immoderate investing proposal portion discussing inflation. He tweeted:
As a wide rule … it is mostly amended to ain carnal things similar a location oregon banal successful companies you deliberation marque bully products, than dollars erstwhile ostentation is high.
The Tesla brag besides revealed astatine the clip that helium inactive owns and volition not merchantability his bitcoin (BTC), ether (ETH), and dogecoin (DOGE).
What bash you deliberation astir Musk’s investing advice? Let america cognize successful the comments conception below.
Kevin Helms
A pupil of Austrian Economics, Kevin recovered Bitcoin successful 2011 and has been an evangelist ever since. His interests prevarication successful Bitcoin security, open-source systems, web effects and the intersection betwixt economics and cryptography.
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