Charlie Munger once said he doesn’t bet on Musk or against him, and touted BYD as one of his greatest contributions to Buffett’s Berkshire Hathaway.
Warren Buffett’s former right-hand man — who has now passed away — once described Elon Musk as a gifted but weird individual, and touted Chinese carmaker BYD as a serious threat to Tesla and one of the best investments of his career.
«My policy on Elon Musk is that he’s a very talented man but also peculiar, so I don’t buy him and I don’t sell him short,» Charlie Munger said during Daily Journal’s annual meeting in February, which was aired live by CNBC.
«He’s a smart man — sometimes,» the 99-year-old investor and Berkshire Hathaway vice-chairman added. «Like all the rest of us.»
Munger recognized the unlikely success of Tesla in the fiercely competitive automotive industry.
