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Please don't take HN threads into ideological flamewar. Not what this site is for. There are plenty of critical comments (in the four threads HN has had about this topic) which have not been downvoted. Ranty flamebait, on the other hand, should certainly be downvoted and flagged. https://news.ycombinator.com/newsguidelines.html
Three threads on this already: https://news.ycombinator.com/item?id=23126517 https://news.ycombinator.com/item?id=23127552 https://news.ycombinator.com/item?id=23129216 Not sure this one is going any better. Celebrity frenzy multiplied by pandemic rage is producing as wild a burn as we've seen on HN. If you're about to comment here, could you please review https://news.ycombinator.com/newsguidelines.html first and ma…
I’ve been planning to get a Tesla, but I can’t buy one anymore. Between this and all the crazy, and sometimes illegal, shit Elon says, I just cant do it.
Do you own products from companies that take part in illegal, corrupt, or morally questionable acts? My point is not to shame you, my point is to say what Tesla does is just not close to the behavior of traditional car companies, oil companies, or many Chinese manufacturers that make your favorite gadgets. It's just that Elon is a twat at times because he is obviously emotionally unstable.
Maybe Tesla is no worse or better than the other companies. That’s one issue for me, but there is another. He doesn’t appear to be in control of himself. It leaves me with very little confidence in a company that I would be spending ~70k on their product with the expectation of high quality, and good support for 5-10 years.
Earlier quoted context omitted.
Wasting? Tesla paid for those courts and associated costs with their taxes as well. They're meant to be used by all.
If I sue somebody for something that will in the end be thrown out and I know if but am only trying to cause a nuisance or maybe trying to pump up my ego then, despite my having paid taxes, I am wasting tax money. Since the tax money is pooled it is hard to say if I am wasting mine or others.
It's not at all clear that the lawsuit will fail.
Earlier quoted context omitted.
>> There aren't even good examples of other countries that didn't lock down since basically everyone did. If you mean via government mandate, Sweden is a good ongoing example of this.
Sweden has 2x the projected per capita death rate of the US from the virus. I think saving 135k lives are a substantial consideration for action.
The strategy can't be judged for quite some time.
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> I admire Buffet and Munger, but the guys are 90 years old, Well, then you need to tell me your age, to know whether I should care about what you have written above.
Not OP, but mid 30s and I’m getting a bit tired of folks who are out of touch because of their age believing their past experience can extrapolate a future they don’t understand (Buffett in particular has done a very poor job understanding and investing in tech). It’s terribly ironic that they think Musk is just lucky considering Munger and Buffett were able to invest during one of the most prosperous times in Americ…
Earlier quoted context omitted.
Please don't take HN threads into ideological flamewar. Not what this site is for. There are plenty of critical comments (in the four threads HN has had about this topic) which have not been downvoted. Ranty flamebait, on the other hand, should certainly be downvoted and flagged. https://news.ycombinator.com/newsguidelines.html
But where is the lie?
Good. The economic devastation produced by the absurd government overreaction has destroyed orders of magnitude more net utility (measured in dollars, or imputed uniform-weight utils, or QALY, or whatever) than any realistic projection for the destruction caused by this virus. It's should now be abundantly clear to everyone what was clear to people who looked at the available data with a level head months ago: these…
But maybe you think 50 million deaths are worth keeping the economy rolling along (and that millions dying and health care failing wouldn't effect it), while the epidemiologists of the world don't know what they're talking about.
I’ve been planning to get a Tesla, but I can’t buy one anymore. Between this and all the crazy, and sometimes illegal, shit Elon says, I just cant do it.
Yeah, watching his attitude regarding the entire COVID situation on his recent appearance of the Joe Rogan show really ended the lifelong bout of respect I had for the man. He's paradoxically so brilliant yet so misinformed. His idea that we should all just exit quarantine tomorrow because it's unconstitutional is not only dangerous but also now seems to come from a place of selfishness after this statement. Economis…
With Texas reopening the race is on to control the national narrative of COVID. If Texas successfully reopens without being forced to retreat later, it will only strengthen the WH narrative that much of the economic damage has been self-inflicted by blue states, and that further aid would be unfair to red states.
Charlie Munger on Elon Musk: “I don’t want my personal life to be [around] a bunch of guys who are living in a state of delusion, who happen occasionally to win big,” Munger told Daily Journal’s shareholders. “I want the prudent person.” https://www.cnbc.com/2019/02/19/charlie-munger-ideal-hire-wo...
This is the same Charlie Munger who backed airline stocks when everyone else was dumping them, outside only to finally realize how terrible they were far too late and finally dump them weeks after the rest of the market did. His opinion is absolutely valid, but it’s not like his track record is any more exceptional than Musk’s.
Everyone makes mistakes, but to conclude that Berkshire Hathaways' track record is "not ... more exceptional than Musk's" is beyond folly. Their success over decades is unparalleled.
Furthermore, Berkshire on principle plays the long game. They rarely act on short-term events.
Tesla was also badly affected by the Covid-19 measures. The Fremont plant is still closed. You would have expected Munger to dump airlines sooner; but would you also have expected Musk to dump his TSLA stock, too?
For some people, being an investor means looking at a time horizon of decades, not months.