Warren Buffett may not figure ‘merciful grandfather’ in front of public, says Elon Musk

  • Terrain CEO Elon Musk told The New York Times that Warren Buffett has cultivated a man who can’t match reality.
  • Musk said the billionaire investor and CEO of Berkshire Hathaway has “succeeded in creating a resounding image for himself as a grandfather who might be overcoming the case.”
  • Musk said he was not Buffett’s “biggest fan” and the Berkshire boss has “a boring job” earlier this year.
  • 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.

In an interview published on Saturday by Terrain CEO Elon Musk, Warren Buffett portrayed himself as a generous elder, but may not be fully qualified for his glowing reputation.

“He managed to create a magnificent image for himself as a kind-hearted grandfather, which is probably overstating the case”, Musk said in response to a question about whether he would The well-known investor and CEO of Berkshire Hathaway considers it “overrated”.

Read more: Warren Buffett’s ‘Best Investment Ever in Apple’s Stakes Ever,’ says Berkshire Hathaway’s shareholder Bill Brewster

Buffett, who turned 90 next month, is one of the wealthiest and most powerful people in the world. Yet he is less polarized than Facebook CEO Mark Zuckerberg, Amazon CEO Jeff Bezos, or even Musk himself.

The Berkshire chief’s surprisingly simple lifestyle, his love of soda and candy, his long and largely scandal-free career, and immense philanthropic efforts won him over to fans and positive media coverage.

He is also famous for educating and entertaining the investment community with his annual papers, and is hosting an annual meeting in Omaha that attracts tens of thousands of enthusiastic shareholders.

However, Buffett is also a ruthless businessman. For example, he “lent at interest rates” to companies such as Goldman Sachs, General Electric and Harley-Davidson during the financial crisis, which was somewhat alarming in interest rates, “Alice Schroeder called” Snowball: Warren Buffett and The Business of Life. “

Read more: Warren Buffett dusted off the ‘Big 4’ airlines in April. His second quarter earnings showed what he was worried about.

Musk has taken goal ahead of Buffett. The Tesla chief said he was not the “biggest fan” on Joe Rogan’s podcast in May, allocating capital between Berkshire’s various businesses was “a boring task.”

Buffett overtook Buffett on the Bloomberg Billionaires Index earlier this month, with tech executives also dismissing Buffett’s economic views as “lame” in May 2018.

“I don’t think he wants to take us to candy,” Buffett responded to Musk’s comment.

However, Musk has also quoted Buffett in the past, suggesting that there is still a chance that he will follow “The Big Short” writer Michael Lewis to change his view of Buffett.


Leave a Reply

Your email address will not be published.