Liberty Posted July 15, 2012 Share Posted July 15, 2012 Interesting stuff. Fascinating guy. We need more like him, tackling hard problems rather than building yet another Web 2.0 startup that intends to sell out to the first acquirer.. Link to comment Share on other sites More sharing options...
Green King Posted July 15, 2012 Share Posted July 15, 2012 very nice. ;D thank you for sharing Link to comment Share on other sites More sharing options...
MVP444300 Posted July 16, 2012 Share Posted July 16, 2012 Elon is a very smart and innovative businessman willing to take calculated risk with his own money. You gotta admire that. He talked about putting all of his $180 million he received from the post Paypal sell to Ebay into Spacex, Tesla, and Solar City. In the video he mentioned he had to borrow money from friends to make rent after investing everything he had in those companies. Wow! Starting these companies will end up either being a brilliant decision or very bad investment. I definitely wouldn't bet against him especially since Space X and Solar City are already profitable according to him. Are there any other guys out there like him to keep an eye on for possible investments? Link to comment Share on other sites More sharing options...
Valuebo Posted July 16, 2012 Share Posted July 16, 2012 There is definitely something to be said about risk management if you can't make rent after investing $180m of your own money in new ventures. ;D But hey, it worked out for him and I'm in no position to judge a person with such conviction, courage and passion. Link to comment Share on other sites More sharing options...
Liberty Posted July 16, 2012 Author Share Posted July 16, 2012 There is definitely something to be said about risk management if you can't make rent after investing $180m of your own money in new ventures. ;D But hey, it worked out for him and I'm in no position to judge a person with such conviction, courage and passion. As he says in the interview, it wasn't the original plan, but he had to put more in than he expected (possibly because of 2008).. Still, he's certainly go conviction and the ability to deliver! Link to comment Share on other sites More sharing options...
CONeal Posted July 16, 2012 Share Posted July 16, 2012 This in one guy I wish I could make an investment in the actual person. What he has done in the past 14 years has been very exciting. Instead of paying a million to eat lunch with WB I would much rather spend it having luch with this guy!!! ;D Link to comment Share on other sites More sharing options...
Green King Posted July 17, 2012 Share Posted July 17, 2012 there is a difference between doing great things and getting high return on capital. Link to comment Share on other sites More sharing options...
Liberty Posted July 17, 2012 Author Share Posted July 17, 2012 there is a difference between doing great things and getting high return on capital. Indeed, though so far he seems to have done both, though too earl to tell if it'll stay that way. Link to comment Share on other sites More sharing options...
yp Posted July 17, 2012 Share Posted July 17, 2012 there is a difference between doing great things and getting high return on capital. Definitely! He doesn't adhere to the fundamentals of value investing, yet his form of investing seems like the right thing to do (if you can). More fascinatingly; "Jon Favreau, director of the Iron Man movies, describes in his article how Elon Musk was the inspiration for Favreau's film depiction of genius billionaire Tony Stark." http://en.wikipedia.org/wiki/Iron_Man#In_other_media Link to comment Share on other sites More sharing options...
Green King Posted July 17, 2012 Share Posted July 17, 2012 i think the margin of safety may be in things we can't see based on our current understanding. Being his understanding of the feasibility of technology and the cost in brain power to make it happen. Making as he say "high probability of success." Link to comment Share on other sites More sharing options...
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