m3n4.net
m3n4.net May 27, 2018


Musk and Buffett make a natural pair trade

08 May 2018, 12:51 | Tara Lloyd

Elon Musk Proposes Building A Cyborg Dragon And The Internet Is In A Frenzy

Why Elon Musk and Warren Buffett Are Suddenly Trolling Each Other Over See's Candies

Musk in his earnings call last week said that he thought moats were lame.

But then again if you'd asked me how seriously we should have taken this tweet from Christmas Eve, I'd have said the same and yet. "They are like nice in a sort of quaint, vestigial way. What matters is the pace of innovation, that is the fundamental determinant of competitiveness". "There are some pretty good moats around", Warren Buffett. But he still believes the concept is crucially important, and that some companies' moats are more impenetrable now than they've ever been. See's sweets, according to Buffett, is a company with a wide moat, since it boasts a loyal, entrenched customer base, which makes it hard from rival candy chains to steal its thunder, Fortune notes. The legendary investor said that "Elon may turn things upside down in some areas". Presumably because Buffett likes to invest in companies that have large moats-not physical ones but of the business variety-which Musk referred to as an oligopoly, or a business market where there's limited room for any competition. The term "moat" in the investment parlance was established by Buffett.

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These are some big words, right?

So whether or not Musk actually intends to start a candy company, the key is to never underestimate the man's random claims.

Seventh miner rescued 4, at Poland after natural disaster
WUG said the quake was of a type that can occur in coal mines after the removal of deposits builds up tensions in the rocks. The saving was first launched at 11:25 a.m. local time Saturday. "We are doing all we can to save the miners", Ozon said.

At Saturday's annual shareholder meeting, the Berkshire Hathaway Inc. Responding to the Berkshire Hathaway executives in a series of tweets, Musk first posted a musical YouTube clip from the movie Trolls. On the call, he got a chance to pass those questions onto Musk when the exec, bored with the demands of high-level analysts, remarked "We're going to go to YouTube".

Both Buffett and Munger loathe cryptocurrencies, which the Berkshire CEO on Saturday predicted "will come to bad endings".

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Starlight owned Justify with three other racing companies, report the New York Times and the Lexington Herald-Leader . Jockey Mike Smith earned his second Derby victory, becoming at 52 the second-oldest winning jockey.

Elon Musk also had something to say on the issue when he tweeted "I'm going to build a moat & fill it w candy".



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