{"id":1017,"date":"2022-02-17T15:51:32","date_gmt":"2022-02-17T15:51:32","guid":{"rendered":"https:\/\/techcavit.com\/?p=1017"},"modified":"2022-02-17T15:51:34","modified_gmt":"2022-02-17T15:51:34","slug":"how-charlie-munger-oddly-inspired-elon-musk-to-never-give-up-on-tesla","status":"publish","type":"post","link":"https:\/\/techcavit.com\/how-charlie-munger-oddly-inspired-elon-musk-to-never-give-up-on-tesla\/","title":{"rendered":"How Charlie Munger Oddly Inspired Elon Musk To Never Give Up On Tesla"},"content":{"rendered":"\n<p>The top right-hand man of Warren Buffett&#8217;s Berkshire Hathaway company, Charlie Munger, recently dropped a provocative bombshell on the crypto world, after likening the frenzy around bitcoin and altcoins adoptions to \u201cvenereal disease\u201d. A disgusted Charlie, during a Q&amp;A session at the LA-based Daily Journal Corp, openly blurted:<\/p>\n\n\n\n<p><em>\u201cI&#8217;m proud of the fact that I avoided it. It&#8217;s like some venereal disease. I just regard it as beneath contempt. Some people think it\u2019s modernity, and they welcome a currency that\u2019s so useful n extortions and kidnappings [and] tax evasion.\u201d<\/em><\/p>\n\n\n\n<p>Charlie, a 98-year-old billionaire who has remained an unflinching critic of the developments around cryptocurrencies, spared no horses in expressing, once again, his disgust for the hype and growth around cryptocurrencies. In the footsteps of his boss, Warren Buffett, who once referred to cryptos as rat poison, Charlie once again riled up the crypto Twitter community, provoking an avalanche of reactions that relegate his opinions on crypto to the realm of obsolescence.<\/p>\n\n\n\n<p>Of all comments posted, Elon musk&#8217;s was widely received as the Tesla techno King walked Charlie Munger down memory lane to a one-on-one conversation in 2009, on how his verbal pessimism over the concept of Tesla almost drained Elon of the enthusiasm needed to kick-start Tesla.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">I was at a lunch with Munger in 2009 where he told the whole table all the ways Tesla would fail. <br><br>Made me quite sad, but I told him I agreed with all those reasons &amp; that we would probably die, but it was worth trying anyway.<\/p>&mdash; Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1494065800482902030?ref_src=twsrc%5Etfw\">February 16, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>By Elon\u2019s tweet, observers have deduced the tendency for the veteran investor to be on the wrong side of history with crypto. Mungo\u2019s reiteration of much ill news that has beclouded the use of cryptocurrencies\u2014which is not uncommon to the case for fiat currencies\u2014goes to show the demography that has backed bitcoin over the past few years are well above Munger\u2019s peers.<\/p>\n\n\n\n<p>But a cursory look at the books of Berkshire Hathaway where Munger had served for 44 years, shows how, contrary to voiced opinions, it may rethink its perceptions about crypto investment. The <a href=\"https:\/\/www.coindesk.com\/business\/2022\/02\/16\/berkshire-hathaway-invests-1b-in-brazilian-digital-bank-nubank-reduces-mastercard-visa-positions\/\">latest $1 billion investment in Brazil-based mainstream bank Nubank<\/a> has shown that Warren Buffett is ultimately interested in reaping reasonable gains from companies that are attuned to modern innovations not excluding cryptocurrencies.<\/p>\n\n\n\n<p>Nubank in May last year gained the Bitcoin ETF issuing company, Eazynvest, to capture crypto investors across Latin America. By proxy, Buffett can be called a crypto-investor, having financed the growth of Latin America\u2019s biggest bank towards Fintech and crypto services.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The top right-hand man of Warren Buffett&#8217;s Berkshire Hathaway company, Charlie Munger, recently dropped a provocative bombshell on the crypto world, after likening the frenzy around bitcoin and altcoins adoptions to \u201cvenereal disease\u201d. A disgusted Charlie, during a Q&amp;A session at the LA-based Daily Journal Corp, openly blurted: \u201cI&#8217;m proud of the fact that I [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":1018,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2,32,190],"tags":[2181,2234],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v16.1 (Yoast SEO v19.5.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How Charlie Munger Oddly Inspired Elon Musk To Never Give Up On Tesla - TechCavit<\/title>\n<meta name=\"description\" content=\"The top right-hand man of Warren Buffett&#039;s Berkshire Hathaway company, Charlie Munger, recently dropped a provocative bombshell\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/techcavit.com\/how-charlie-munger-oddly-inspired-elon-musk-to-never-give-up-on-tesla\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Charlie Munger Oddly Inspired Elon Musk To Never Give Up On Tesla - 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