Elon Musk Has an Alternative to Warren Buffett

Elon Musk Has an Alternative to Warren Buffett ...

Elon Musk is the new Oracle.

The 91-year-old investor Warren Buffett, who is formerly named the Oracle of Omaha, has previously claimed the title.

Get Berkshire Hathaway Inc. Class A Report has transformed over the years into a pilgrimage for his loyal supporters who often travel to all parts of the world to see him and see him, as well as his business partner Charlie Munger. Each of his financial advice is dissected and interpreted. Both bosses and amateur investors strive to put his recommendations and opinions in practice.

If many investors and CEOs supported Buffett in the hopes of being designated "heirs" for decades, no figure would have gotten to emerge.

Ironically, on the evening of Berkshire Hathaway''s shareholder meeting, the first in person since the Covid-19 epidemic, Elon Musk chose to forcibly take the baton of succession from Buffett.

Musk Embraces His New Status

A must have point for every person involved in the sport.

Astonishingly, observers of Musk, 50, know that the billionaire makes his every move very well. It is therefore not surprising that he decided to attend Buffett''s first day of celebration to fully embrace Oracle''s role as he has been pushed to play for many months now. Basically, the world''s richest man appears to have established a new era. An era of which he is the center.

The serial entrepreneur will therefore now begin to provide financial advice to those who come to him for advice. His communication and his actions, which were already closely watched, will be even more significant.

"After receiving a lot of requests, you may purchase stock in several companies that sell *you* products and services," Musk wrote on Twitter in the early morning on May 1.

"Only sell if you think their goods & services are becoming worse," Musk said. "This will be beneficial to you in the long-term," he said.

At the time of writing, the tweet had already been watched more than 450,000 times.

Since the end of 2021, we will now have to slap The Oracle of Austin, Tesla''s headquarters, and the city in which Musk now lives, not far from SpaceX, the aerospace company he founded to conquer Mars.

Fans Love It

The Oracle is the answer given by the Godsto a personal question of the future that usually requires an interpretation. By extension, the term "oracle" also defines the human intermediary who transmits the answer of the Gods as well as the sacred location where the answer is given.

So, it''s no surprise that Twitter users began chasing Musk with questions about the best investments once the tech genius purchased his oracle clothes.

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"What is real estate, is it good investment," one user said.

"Elon I spent all my life savings on Doge coin at the age of 70, and I''ve been holding it since," another posted, referring to Dogecoin, Musk''s favorite cryptocurrency, as the meme coin. "Ive had to take a 2nd mortgage out against my house, sell my car, and donate plasma to make ends meet. Do I continue the Hodl?"

"What are you interested in using the metaverse / digital land purchases?" another user asked the billionaire.

Musk failed to answer these questions, but his very first advice as an oracle was taken as a gospel by certain individuals.

"Invest in what you love is a great pleasure to live by," said Lex Fridman, who has already had Musk as a guest on the podcast.

"Those are excellent, simple instructions," one user said.

Musk Blasts Index Funds

In a exchange founded by Marc Andreessen, Musk criticized index funds a bit short before becoming Oracle.

"They are mainly not applying pressure, rather their managers, especially professional investment managers. See for example Larry Fink, who owns 0.0000001% of the capital he speaks for," said Andreessen, refering to BlackRock''s CEO.

"Exact, decisions are being made on behalf of actual shareholders that are contrary to their interests," Musk said. "Major problem with index/passive funds."

When a user agrees with him, he said, "the reason why the market reflects the fundamentals of companies is because arbitrageurs (active investors) make it so. So what happens when everyone is passive?" Musk didn''t hesitate.

"There should be a return to active investment," Musk said. "Passive has gone too far."

Musk has already gotten the job done on Wall Street as evidenced by his ongoing acquisition of Twitter (TWTR) - Get Twitter, Inc. Reportfor $44 billion. According to press reports, the CEO of Tesla (TSLA) - Get Tesla Inc Reporthas secured a significant portion of the financing from investment banks without providing specific information about his business model of Twitter.

The huge Tesla market capitalization, which is now at $902.11 billion, is also fueled by trust and confidence in Musk.

No automobile company is closed.

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