Warren Buffet Where Are You !

[Sailor Dog]

I read this somewhere regarding Buffettology: Risk is simply the probability of losing your initial investment. If there is a chance that he might lose money on an investment, he simply doesn't invest.

"Risk comes from not knowing what you're doing." - Warren Buffet

So now you are impugning the investment & automotive savy of the many investment & automotive experts on & off Elioowners that are so passionate about ELIO... Heard of Peter Brock?

 

[Trusting]

So now you are impugning the investment & automotive savy of the many investment & automotive experts on & off Elioowners that are so passionate about ELIO... Heard of Peter Brock?

That's kind of cryptic.

 

[Samalross]

So now you are impugning the investment & automotive savy of the many investment & automotive experts on & off Elioowners that are so passionate about ELIO... Heard of Peter Brock?

I don't think quoting Warren Buffett is impugning anyone

 

[Sailor Dog]

I don't think quoting Warren Buffett is impugning anyone

It's what's implied in using the quote here

 

[Samalross]

Reading Ricks comments for years, never has be not been nice.

 

[Sailor Dog]

Reading Ricks comments for years, never has be not been nice.

Least subtle, slightly negative post the I've read in a year.

 

[Sailor Dog]

Reading Ricks comments for years, never has be not been nice.

Always a first time

 

[slinches]

The thing to remember with Buffett's comments is that he's out to make money not anything new or different. Risk does mean a chance of loss, but nothing changes without it. You might not become the wealthiest man on earth by accepting risk, but it could make you one of the most influential in bringing about technological progress.

I'd be willing to bet that guys like Elon Musk and Paul Elio have a different view on "risk"

 

[Rickb]

Buffettology indicates that Warren Buffet hasn't invested in Tesla Motors either. I mean no disrespect to those that have.

This is the Warren Buffet, Where are you Thread. My Buffet thread posts are simply an indication why both EM & Tesla are far from Buffet-style investments.

 

[slinches]

Yeah, there's no chance Buffett would invest in either company. His investment philosophy is to turn millions into billions with safe, moderately high return investments that most people don't have access to. I don't really understand why Buffett is so revered in the investment world. Sure, he has done well for himself, but his investment strategies aren't really novel. He just executes them well and had a lot of money to start with.

This focus on "Buffett-style" investments is one of the reasons why we have so much money sitting on the sidelines instead of funding things like the Elio. If more people were emulating venture capital style investors instead, we'd have much more technological progress.