What better way to ring in the weekend than to dissect the investing principles of the real-life Tony Stark, The Techno King of Tesla, and The Dogefather - ELON MUSK.
Elon is the embodiment of GENERATIONAL WEALTH - he's worth $170 BILLION and has somehow managed to create a multi-billion dollar company every 5 years for 3 decades, absolutely mind-blowing...
You might be familiar with some of the stuff he's created: From SpaceX, Tesla, PayPal to Neuralink... Oh and don't forget OpenAl plus many more.
The TL;DR is that Elon's another role model for us investors to try emulate, although he takes more of a Rock 'n Roll approach.
His art of investing is built on a few key principles:
- Going all-in on investments he deeply believes in and which have the potential to change the world for the better. His commitment to Tesla and Space are prime examples of this approach.
- Creating a symbiotic business ecosystem through his network of companies and investments. This involves tapping into his network (e.g., the PayPal mafia) and creating synergies between companies he owns...
- Focusing on long-term value creation rather than short-term gains. This aligns with Warren Buffett's philosophies, emphasising the importance of investing in businesses with strong fundamentals and potential for societal impact.
While Elon's high-risk approach may not be suitable for everyone, his core principles of conviction, resilience, and long-term value creation are something we should all apply in our investing strategy.
