Elon Musk and Warren Buffett do not like each other.
In an interview for Joe Rogan’s podcast, Elon Musk had summarized his position on Warren Buffett :
“I am not the biggest fan of Warren Buffett – but his job is important”
Elon Musk believes that Warren Buffett’s investment strategy is outdated.
Warren Buffett is a disciple of Benjamin Graham and his investment philosophy based on the value of a company. As such, Warren Buffett considers Tesla to be overvalued.
Elon Musk is banking on Tesla’s potential to change the world.
Two opposing visions here.
Currently, it is Elon Musk’s vision that is gaining the upper hand, as evidenced by the fact that he has just become the richest man on the planet with a fortune approaching $200 billion at the time of writing.
As for Warren Buffett, he will always stay on his feet. This has already caused him to miss out on many investment opportunities in the tech world. He is missing out on Bitcoin as well.
Warren Buffett remains a reference in the investment world, but you must be careful not to blindly follow his investment strategy which is no longer bearing fruit as it once did.