Collection: Charlie Munger - #8 'Tesla & Elon Musk"



[Transcript]

AUDIENCE MEMBER 00:08

I want to ask you about Tesla.


The company has a market capitalization of about a $140 billion. It traded last week about $200 billion in stock and traded about $500 billion in options. And the stock moved about 20% a day, meanwhile Mr. Musk seems thrilled to stoke this volatility.


I want to know what your thoughts are on this situation and particularly what your thoughts are on Mr. Musk’s behavior.


CHARLIE MUNGER 00:38

My thoughts are two: I would never buy it, and I would never sell it short. (Laughter & Applause)


I have a third comment. (Laughter) There's a man [inaudible] name Howard Ahmanson he once said something that I’ve taken to my heart: “Never underestimate the man who overestimates himself.”


I think Elon Musk is peculiar and he may overestimate himself but he may not be wrong all the time.


(Source: https://youtu.be/HS8neXkNnhw)

 

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