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We'll have to see how many tech companies survive the coming depression before we can determine whether the long game at Berkshire is wrong or not :) Indeed, w
by PostOnce 6y ago
We'll have to see how many tech companies survive the coming depression before we can determine whether the long game at Berkshire is wrong or not :)
Indeed, we'll see if Tesla survives, not only the coincidental depression, but also the multi-hundred-billion-dollar war chest being leveraged against them by the other car companies with a century more experience each, more connections, and broader reach.
It's a bit early to be calling the game is all.
- rdgthree 6y agoWell said. I'm a huge fan of Elon and Tesla and am optimistic about their future, but Munger's approach here is incredibly reasonable. I would love to see Tesla succeed, but I also know that I'd hesitate quite a bit to bet billions of dollars on their success.