- Terrain CEO Elon Musk told The New York Times that Warren Buffett has cultivated a man who can’t match reality.
- Musk said that the billionaire investor and CEO of Berkshire Hathaway has succeeded in building a resounding image for himself as a kind-hearted grandfather, perhaps overstating the case.
- Musk said earlier this year that he was not Buffett’s “biggest fan” and that the Berkshire boss had “a boring job.”
- Buffett is less divisive than other famous billionaires, perhaps due to his simple lifestyle, philanthropic efforts, and a largely scandal-free career.
- For more stories visit the Business Insider homepage.
Terrain CEO Elon Musk said in an interview published on Saturday that while Warren Buffett portrays himself as a generous elder, he does not fully deserve his glowing reputation.
Musk said that when he deemed the famous investor and CEO of Berkshire Hathaway “overrated”, he said he had managed to create a resounding image for himself as a kind-hearted grandfather who might have been overcoming the case.
Read more: Warren Buffett’s ‘Best Investment Ever in Apple’s Stakes Ever,’ says Berkshire Hathaway’s shareholder Bill Brewster
Buffett, 89, is among the wealthiest and most powerful people in the world, but he is less polarized than Facebook CEO Mark Zuckerberg, Amazon CEO Jeff Bezos, or even Musk.
The Berkshire chief has astonishingly simple lifestyles, his love of soda and candy, his long and largely scandal-free career, and his vast philanthropic efforts that have won him fans and veterans of positive media coverage.
He is also known for educating and entertaining the investment community with his annual papers and hosts an annual meeting in Omaha that attracts tens of thousands of enthusiastic shareholders.
However, Buffett is also a ruthless businessman. For example, he lent money at interest rates during the financial crisis to struggling companies such as Goldman Sachs, General Electric, and Harley-Davidson, which in some instances were on the threshold, “Alice Schroeder” Snowball: Warren Buffett and The Life Business of “
Read more: Warren Buffett dusted off the ‘Big 4’ airlines in April. His second quarter earnings showed what he was worried about.
Musk has previously criticized Buffett. The Tesla chief said on Joe Rogan’s podcast in May that he was not “the biggest fan” and that allocating capital among Berkshire’s various businesses was “a boring task.”
Tech executives, who briefly beat Buffett on the Bloomberg Billionaires Index later this month, also called Buffett’s idea of an economic lament in May 2018 “lame”. Buffett replied: “I don’t think he wants to take us to candy.”
However, Musk has also cited Buffett in the past, suggesting that there is still a chance he might follow “Big Short” writer Michael Lewis and change his view of Buffett.