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The main skepticism I see of Musk on here is he’s motivated by greed. Recently saw someone suggesting he’s pumping doge to earn a few million, which frankly is
by v0idzer0 4y ago
The main skepticism I see of Musk on here is he’s motivated by greed. Recently saw someone suggesting he’s pumping doge to earn a few million, which frankly is a waste of time for a guy worth $200B. But the evidence strongly suggests otherwise. If anything, he has a remarkable disregard for money. Back when he poured half his (modest at the time) fortune into SpaceX, the idea they would succeed was batshit crazy. Private rocket companies just didn’t exist. Only the worlds superpowers with their infinite budgets and pick of the litter of scientists had made it to orbit. He had to have known there was a 99% chance he’d lose his money.
Tesla and electric cars was somehow even more reckless. EVs were a complete joke and nobody had started a successful car company in the US in decades. Unlike other billionaires, he doesn’t buy yachts or islands or seem interested in anything but work. This whole greed motive just doesn’t hold water.
- namaria 4y agoThe greed motive has nothing to do with conspicuous consumption or work ethics, or risk management. He is most definitely motivated by greed, regardless of how he expends the money or perceive risk. I'd go further and say no one who lives on a salary can really grasp how a billionaire calculates risk.
- v0idzer0 4y agoIn my experience, people who start companies for the money always fail, because their conviction is weak. Especially risky ones like EVs and rockets. I simply don’t buy it. I think this attitude is mainly a defense mechanism.
- namaria 4y agoIt's a selection bias to think you have insight into enterprise success based on how your friends fared there...
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