Throughout 2021, we have seen the Tesla and SpaceX CEO dominating news headlines with the ongoings of both his work and personal life. This week, Elon Musk has been named "2021 Person of the Year" by TIME magazine.
On the topic of billionaires who pay little tax but live frugally, Musk mentioned Warren Buffett in the TIME interview, whom he famously doesn't like.
"I'm not Warren Buffett's biggest fan, frankly," Musk said. "You know, he sits there and reads all these annual reports, which are super boring.”
Berkshire owns scores of companies together with See's Candies and Geico, and holds multibillion-greenback stakes in Apple, Coca-Cola, and different public firms. Buffett spends his days allocating cash inside the conglomerate, and figuring out undervalued shares so as to add to Berkshire's roughly $300 billion inventory portfolio.
"Does everyone want that job?" Musk requested with a laughter. "I think most people don't want that job. I don't want that job. "
Musk has expressed his ambivalence in direction of Buffett in previous interviews or on Twitter. For example, he joked that Warren Buffett should buy Tesla stock if he wants to get richer before. Also, he questioned Buffett's "kindly grandfather" persona.
However, this time, Musk praised Buffett's investing skills and touted the worth of his work. It seems to be the first time he is applauded the investor's talents, or acknowledged the worth of his work.
"He's not engaged in insane, conspicuous consumption," the Tesla and SpaceX CEO added. "So you have to say, 'Sure, he's got a high net worth, but he's doing a useful job for the economy, and he's very skilled at it and should probably keep doing it.”
Buffett has previously praised Musk as a "remarkable guy" earlier than, but suggested Musk has "room for improvement" and should be more selective about what he tweets.
Mooers, do you agree with what Musk said? Do you want Buffett's job? Which of these two people do you like better? Why?
Source: Observer, Markets Insider