Elon Musk dreams big. Warren Buffett and Charlie Munger say, 'We don't want that much failure'
Warren Buffett and Charlie Munger weighed in on Elon Musk at Berkshire Hathaway's annual meeting."We don't want that much failure," Munger said, explaining why they take fewer risks than Musk.
Elon Musk dreams big and tackles daunting problems, meaning he sometimes achieves great things but also fails dismally on occasion, Warren Buffett and Charlie Munger have said., said during his company's annual meeting on Saturday. "Warren and I are looking for the easy job," Munger, Buffett's business partner and Berkshire's vice-chairman said."We don't want that much failure."
Buffett and Munger have both credited Musk for successfully scaling Tesla into a major automaker in the brutally competitive car industry. Musk, who dreams of colonizing Mars, has also pioneered reusable-rocket technology at SpaceX and experienced high-profile failures and spectacular explosions in the process.
The Berkshire CEO said he wouldn't enjoy taking the risks that Musk does, but the Tesla chief"wouldn't enjoy being in my shoes either."Musk has distanced himself from Buffett in recent years, describing himself as a builder of businesses and products as opposed to an investor.
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