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Your comment and OP's comment are a bit silly given the context. Munger didn't say anything controversial here. He was asked a question about Elon and answered
by rdgthree 6y ago
Your comment and OP's comment are a bit silly given the context. Munger didn't say anything controversial here. He was asked a question about Elon and answered by saying he prefers less risk. He specifically pointed out that Elon shouldn't be underestimated while saying it.
Elon doesn't just like to take risks, he would probably agree with being described as "risk obsessed". If your investment strategy is risk aversion and stability, you should avoid Elon. That isn't an outdated perspective, nor is it arrogant in any way - Elon would probably agree with it. The last sentence was an exaggeration of his bias when evaluating any operator to drive his point home clearly.
It's fairly difficult to imagine that Charlie Munger thinks Elon Musk has just gotten lucky for his entire career, and unsurprisingly he isn't saying that in this example. I'm all for fairly criticizing out-of-touch arrogance, but I can't see it being the case here.