4 ms·

I agree with you, yet in a somewhat different way. He is an investor investing in science fiction. This isn't even implied, he comes out and says it again and

by m463 2y ago

I agree with you, yet in a somewhat different way. He is an investor investing in science fiction. This isn't even implied, he comes out and says it again and again. I'm reminded of xerox parc's "The best way to predict the future is to invent it" and I think that's his philosophy. As to "businesses he knows well" I do not agree. He didn't go into electric vehicles, rockets, robots or neural interfaces as "business he knows well". Just read about musk going to russia to try to get a launch vehicle going and coming back insulted and frustrated. So he broke down the problem and learned how to solve it. Also "Private Equity" has a connotation of rent seeking nowadays, like "buying all dentists and monetizing to extract profit". I don't see him that way philosophically. I see him as a pure creator, not a rent seeking wealth extractor.

Spooky23 2y ago
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- signatoremo 2y ago
  > The danger is his focus on living on Mars with no accountability. What is an example of this non accountability?
  - Spooky23 2y ago
    How about blatant securities fraud wrt to constant pump and dump of DOGE?
    - lmm 2y ago
      "DOGE" is probably not a security (that will ultimately be a question for the courts I'm sure, but you have to stretch the Howey test quite far to find a "common enterprise". It's a picture of a dog with some dumb text), and there's no credible evidence that Musk ever dumps it or even really pumps it.
    - floydnoel 2y ago
      and you’re extra worried about that happening on mars? why?
- fastball 2y ago
  He's actually a marsatic.
threeseed 2y ago
[flagged]
iml7 2y ago
[flagged]
bhouston 2y ago
With Twitter/X he definitely did act like a PE firm with deep cuts and a simplified operating model (eg. no moderation.) Although strangely he destroyed the revenue model at the same time, which is something a PE firm would be careful to avoid.
- m463 2y ago
  I see twitter as sort of frustration thing, like hyperloop. With hyperloop - he was frustrated by the way high speed rail was being handled in california, and hyperloop came into being as his cost + engineering sort of optimization. But with hyperloop he wasn't forced to buy it. With twitter he just got in too deep and had to buy it. (though I probably don't know enough about the details of twitter and could be wrong)

by m463 2y ago

Spooky23 2y ago

[flagged]

signatoremo 2y ago
> The danger is his focus on living on Mars with no accountability. What is an example of this non accountability?
- Spooky23 2y ago
  How about blatant securities fraud wrt to constant pump and dump of DOGE?
  - lmm 2y ago
    "DOGE" is probably not a security (that will ultimately be a question for the courts I'm sure, but you have to stretch the Howey test quite far to find a "common enterprise". It's a picture of a dog with some dumb text), and there's no credible evidence that Musk ever dumps it or even really pumps it.
  - floydnoel 2y ago
    and you’re extra worried about that happening on mars? why?
fastball 2y ago
He's actually a marsatic.

threeseed 2y ago

[flagged]

iml7 2y ago

[flagged]

bhouston 2y ago

With Twitter/X he definitely did act like a PE firm with deep cuts and a simplified operating model (eg. no moderation.) Although strangely he destroyed the revenue model at the same time, which is something a PE firm would be careful to avoid.

m463 2y ago
I see twitter as sort of frustration thing, like hyperloop. With hyperloop - he was frustrated by the way high speed rail was being handled in california, and hyperloop came into being as his cost + engineering sort of optimization. But with hyperloop he wasn't forced to buy it. With twitter he just got in too deep and had to buy it. (though I probably don't know enough about the details of twitter and could be wrong)