… Musk decided that the day of Berkshire’s annual meeting was the time to dispense some investing advice of his own.
https://www.thestreet.com/technology/elon-musk-has-an-origin…
Since I’ve been asked a lot:
Buy stock in several companies that make products & services that you believe in.
Only sell if you think their products & services are trending worse. Don’t panic when the market does.
This will serve you well in the long-term.
Elon Musk (via twitter)
Also noted that the My Pillow Guy got booted off of twitter 3 hours after his return.
intercst
I’m surprised his best financial advice wasn’t get born into a family with an emerald mine.
2 Likes
Since I’ve been asked a lot: Buy stock in several companies that make products & services that you believe in," Musk wrote on Twitter in the early morning on May 1.
Sounds like Peter Lynch
He added that: “Only sell if you think their products & services are trending worse. Don’t panic when the market does,” Musk said. “This will serve you well in the long-term.”
Sounds like Peter Lynch
What’s not to like?
The Captain
2 Likes
Since I’ve been asked a lot: Buy stock in several companies that make products & services that you believe in,"
Meh. Who the heck cares what I believe in? My belief in something has never made me a great prognosticator of the future stock performance. Why would I trust my personal preference?!?
I signed up for Netflix during the Pandemic, anyone seen how that has performed lately? I started using StitchFix (SFIX) last year, how about that one?
Anyone recommend I buy either of those?!? 
I’d much rather buy stock in companies that many others believe in, even when I have my doubts. THAT has served me much better. Never owned an Apple product (but made a lot off their stock), never owned a Tesla (but should have made MORE off their stock), heck, I don’t use the vast majority of the stock companies I own. Why would I ever think I have more wisdom or knowledge that the collective knowledge of others?
Hawkwin
Who has more experience with people’s beliefs leading them to generally make less informed choices…
4 Likes
Hawkwin,
I’d much rather buy stock in companies that many others believe in, even when I have my doubts.
Exactly!
America has long celebrated ignorance and innumeracy. Crypto may be the future.
intercst
Since I’ve been asked a lot: Buy stock in several companies that make products & services that you believe in,"
Meh. Who the heck cares what I believe in? My belief in something has never made me a great prognosticator of the future stock performance. Why would I trust my personal preference?!?
Exactly! If everyone were like myself, McDonald’s would have collapsed in 2004, the year I watched the movie Super Size Me. I was so grossed out that I’ve been avoiding McDonald’s ever since. Despite this, McDonald’s is still around.
1 Like