Elon Musk gives you investment advice!
The CEO of Tesla and SpaceX has shared his investment advice. Take advantage of it and read it here.
You would think the richest man in the world can invest. And yes, he has a strategy for that too. He believes this “will serve you well in the long run”. Some people noted that Musk’s strategy is similar to that of Berkshire Hathaway CEO Warren Buffett.
Investment advice Elon Musk
Tesla and Spacex CEO Elon Musk gave some investment advice last week, noting that he’s been asked “a lot”. He explained that investors should buy shares in various companies that make products and services that they believe in. They should only sell if they think those products and services are getting worse. He also said not to panic when the market does. “This will serve you well in the long run,” emphasized the Tesla boss.
At the time of writing, Musk’s tweet has been liked over a million times and retweeted 110K times. Remarkable, because this strategy is only logical. Some investors noted that Musk’s advice is similar to the value investment strategy touted by Berkshire Hathaway CEO Warren Buffett. The Oracle of Omaha spoke in detail about value investing this weekend, while explaining why it does not invest in Bitcoin or other cryptocurrencies. Musk emphatically does this.
Mixed reactions
Reactions to his tweet were mixed. Some people agreed with Musk, while others argued about various aspects of his advice. Like saying that heavily overvalued investments should not be held long term and not all market reactions should be ignored. A few took Musk’s advice as a warning that his electric car company, Tesla (TSLA), may have bad news soon.
