Elon Musk 'Super, Super serious' about starting Candy firm

  • Elon Musk 'Super, Super serious' about starting Candy firm

Elon Musk 'Super, Super serious' about starting Candy firm

Billionaire Warren Buffett deflected questions about his eventual successor at Berkshire Hathaway on Saturday, and encouraged the thousands of people at his annual meeting to focus more on big picture investing principles than day-to-day events. Among the motivations was that we never knew how long the show would last - at 75 and 82 respectively, Father Time seemed to be rapidly catching up the AGM's stars, Warren Buffett and Charlie Munger. He repeated his view that the lender had made mistakes and had the wrong incentives in place.

Another tweet by Musk: "Ok ok, just for sake of argument, what do u wish for in candy?" followed by a lollipop emoji.

Both Democrats and Republicans in the United States believe in the benefits of free trade, he said.

Buffett reminded the audience that he was an outspoken fundraiser and supporter of Democratic presidential candidate Hillary Clinton during the 2016 election. "I think he probably avoids trying to create controversy".

Buffett encouraged everyone in the crowd to make long-term investments without worrying about headlines, such as trade disputes, Federal Reserve actions or the economy. Its insurance and utility businesses typically account for more than half of the company's net income. The comments were first reported by Reuters. Buffett also sought to reassure investors that Berkshire will remain active in dealmaking after he's gone, saying it will still be the first call for firms looking for a buyer. Tesla Inc. founder Elon Musk has called the idea "lame", saying that a business will not last long if that is its only defense against invasion. The business partners have long emphasized that companies with high barriers to entry - so-called moats - will enjoy competitive advantages over those that don't. "There are some pretty good moats around".

Amid the vague prospects of the existence of their offspring - auto company Tesla, which was on the verge of bankruptcy - the American innovator and businessman Elon Musk intends to start a new business - confectionery, reported on his Twitter page. "And Elon may turn things upside down in some areas", Buffett said during the Berkshire meeting in Omaha. He said that he was "super, super serious" about it, the media reported.