Musk and Buffett make a natural pair trade

Musk and Buffett make a natural pair trade

Musk and Buffett make a natural pair trade

Later in the evening, Musk referenced Buffett directly, tweeting that he was "going to build a moat and fill it with candy" in order to lure Berkshire Hathaway into investing in his confectionery venture.

In the wars between billionaire entrepreneurs the public are merely witnesses on the sidelines, but hopefully we'll benefit from the healthy competition and actually get that candy company Musk seems to be dreaming up.

During Tesla's earnings call for the first quarter of 2018, company founder Elon Musk provided a special opportunity to a specific shareholder.

It was during that call when Musk said that Tesla's use of third-party contractors had "really gotten out of control", and that there was about to be "a lot of barnacle removal" going on at Tesla's facilities.

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Buffett, whose Berkshire Hathaway owns See's sweets, was responding to a shareholder's question about whether he agreed with Musk's views about so-called economic "moats," a term Buffett coined in a 1999 Fortune article referring to a company's wide competitive advantages. "They are like nice in a sort of quaint, vestigial way".

He went on to assure he's "super super serious" and polled followers on the candy they'd want.

Buffett, however, is the champion of the moat concept. It might take some years to build an actual flying suit but till then he can prance around as 21st century's Willy Wonka. He added that Musk wouldn't want to take on Buffett's company at making candy. What matters is the pace of innovation. While it might've seemed like another random venture Musk made a decision to embark on, like his sale of flame throwers or hats, the billionaire was actually teasing Berkshire Hathaway CEO Warren Buffett.

Those who follow Elon Musk will note that he oftentimes makes announcements of this kind on social media, like the time he logged onto Twitter and wrote of his intention to sell flamethrowers.

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