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by pinky1417
2141 days ago
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I appreciate seeing Charlie Munger show up on HN. He may not be a technophile but his business and life principals are applicable everywhere. I share Munger's opinion, not just on Tesla. I don't short companies because, as John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” And if I were to short companies, I'd be more likely to choose a Kodak anyway because at least Tesla has a crazy genius CEO who could conceivably grow Tesla to a point where everyone says Tesla's August 2020 would seem reasonable. |
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That really explains a lot with what's going on in the current economy.