Elon Musk tweeted his best investing advice—and it sounds a lot like Warren Buffett's strategy. (via CNBCMakeIt)
"Since I've been asked a lot: Buy stock in several companies that make products & services thatbelieve in. Only sell if you think their products and services are trending worse. Don't panic when the market does."made famous by Buffett, currently the sixth richest person in the world.
With value investing, you only buy the stocks of companies that have a business model that you believe in and understand. Ideally, these companies are undervalued and have the potential to provide greater earnings over a long period of time. Since value investors look for deals based on their own research into the intrinsic value of a company, they don't tend to follow trends or short-term stock movements in the market.
For Musk, then, Twitter is presumably a value investment based on this logic, as the company's board recently accepted his offer to buy the company for $44 billion.
However, he added that "I still own and won't sell my Bitcoin, Ethereum or Doge," in reference to his cryptocurrency holdings.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
The Multiverse of Madness: Warren Buffett, Elon Musk, Inflation & Bitcoin | HackerNoon'The Multiverse of Madness: Warren Buffett, Elon Musk, Inflation & Bitcoin' decentralizedinternet quicknode
Lire la suite »
Florida pension fund sues Elon Musk over Twitter deal | EngadgetThe Orlando Police Pension Fund says the deal can’t close until 2025..
Lire la suite »
Mayor invites Elon Musk and Twitter to relocate: 'Miami is a global city'Miami Mayor Francis Suarez invites Twitter to move to the city amid Elon Musk’s $44-billion buyout of the company.
Lire la suite »
Elon Musk Calls BS on Truth Social CEO’s Trump ClaimElon Musk has denied Devin Nunes’ claim that Trump had “encouraged” him to take over Twitter: “I’ve had no communication, directly or indirectly, with Trump, who has publicly stated that he will be exclusively on Truth Social.”
Lire la suite »
Elon Musk and Tesla's quiet success with a cobalt-free EV batteryFour years ago, Elon Musk declared that his Tesla vehicles were going to have batteries that were cobalt-free.
Lire la suite »