Charlie Munger said this on camera, weeks before he died: "I don't regard Elon Musk as truly rich, because I don't think it's sure that everything he's working on can work."
Then he went further. "I would not invest in Elon Musk myself."
Munger's reasoning wasn't about Tesla's product or Musk's talent. It was about pattern.
"He's used leverage so much that he's doubled down right to the edge of extinction maybe two or three times." Asked how many times Musk had walked that edge without falling in, Munger's answer: "he's done it three times. Maybe he's got six more."
This is coming from a man who spent six decades building Berkshire on the opposite principle. Munger and Buffett deliberately took smaller stakes than they could have afforded, using less leverage than was available, specifically so a bad stretch would never wipe out the people who trusted them.
Munger used the phrase "two hard pile" for things he'd rather not spend time thinking about, things he can't fix himself. He used it earlier in the same conversation for the risk of nuclear war. Elon Musk went in the same pile.
"I never met with him," he said. "As far as I'm concerned, he doesn't exist."
Topics to study to expands your MIND:
1. Authority bias
2. Emotional regulation
3. Game theory
4. Chaos theory
5. Anti fragile theory
6. Entropy
7. Dopamine systems
8. Hedonism
9. Nihilism
10. Body language
11. Emotional intelligence
Pick one topic research a lot before you go to bed Instead of watching doomed short videos.
By Jan 1 2027 you’re entire personality will change.
Ce qui nous amène inévitablement à la question suivante: « Pour qui allez-vous voter le 5 octobre prochain? »
NB: Cette question est un test de quotient intellectuel.
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🚨 WATCH: Isaiah Martin brilliantly breaks down the hilarious difference between the deals made between Canada and China vs. the USA and China.
@isaiahrmartin "We got two pandas!"🤣👇
#CanadianBakin#USA#China#USA#Canada
📺 2013 : Ces émissions d'une certaine époque sont précieuses pour saisir les responsabilités de certains, dans la situation actuelle…
˚.🎁⋆ - En bonus, une des phrases les plus célèbres du 21ᵉ siècle : « Taisez-vous. »
Alex, un réfugié ukrainien qui vit à Lévis sur la Rive-Sud de Québec, vous dit ce qu’il pense de Zelensky.
Il vous explique pourquoi il pense que vous vous faites fourrer, les Canadiens, en donnant de l’argent à l’Ukraine.
Bref, Alex est un ukrainien très populaire sur tiktok, qui traite Zelensky de crosseur!
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Pour commercer avec les chinois faut être très futé hhh, parfois ils sont super vicieux lorsqu’il y’a une grosse commande. Et surtout passer par PAYPAL c’est très important de bien les produits attendus
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