Mark Cuban prefers BTC investment over Bitcoin Futures ETF

• The businessman thinks that Bitcoin is the new digital gold.
• Mark Cuban could adopt several cryptocurrencies in the next few days.

The cryptocurrency market marked a new milestone during the week, considering that Bitcoin led to a new historical maximum in its price, trading at $65000. BTC had a rise in its price due to the ETFs.

Even though this new record caught entrepreneurs’ attention, Mark Cuban prefers not to invest in Bitcoin Futures ETF this time. According to Cuban, the ETFs ended successfully, but it is much better to invest in BTC directly.

Bitcoin Exchange Traded Funds: What are they?Mark Cuban

The funds traded on BITO would correspond to the first of many Bitcoin ETFs linked to the US stock market under the order of the Securities and Exchange Commission. This fund opens the possibility for enthusiasts to buy Bitcoin without the need to have a crypto wallet. It differs greatly from buying Bitcoin futures than buying Bitcoin directly from a crypto wallet.

These futures would be a form of financial proceeds summarized as agreements with their price from another token. BTC Futures are agreements for purchasing Bitcoin in an eventually fixed section and not tokens stored with the risk of making or losing money due to their volatility in prices.

Among these fans who get the BTC Futures deals is Mark Cuban, the Dallas Mavericks NBA team owner. After getting in and out of this latest BTC futures trading fund, Cuban said he prefers to buy the token and have it in his crypto wallet.

Mark Cuban, who by May said his crypto wallet was filled to over 60 percent in Bitcoin, thinks these ETF offerings are tempting, but there’s nothing better than investing.

Mark Cuban believes that Bitcoin has a great trading future

Mark Cuban does not stop admiring cryptocurrencies, especially Bitcoin, which is his preferred token. According to the businessman, Bitcoin has an advantage over other cryptos because of its current price and investment opportunities.

Cuban clarifies that Bitcoin has no competition as storage crypto; according to his opinions, the token has an algorithmic limit. This causes Bitcoin to have a low supply per pattern. Based on this, Cuban believes that the more demand for crypto increases, the greater its commercial value.

Mark Cuban has also repeatedly said that Bitcoin is the new gold, even better than storing gold for the profits it offers. However, the entrepreneur is not limited to appreciating the purchasing value of other cryptos such as Ethereum, which trades today at $3,987. Cuban hopes that people who do not like cryptocurrencies understand that regulations cannot stop this new financial model.

Source: cryptopolitan.com

These futures would be a form of financial proceeds summarized as agreements with their price from another token. BTC Futures are agreements for purchasing Bitcoin in an eventually fixed section and not tokens stored with the risk of making or losing money due to their volatility in prices.

Source: https://coindesk-news.com/2021/10/25/mark-cuban-prefers-btc-investment-over-bitcoin-futures-etf/

Investment lets Humane Society roll out Wellness Waggin’


Humane Society Silicon Valley has a new name for its Animal Community Center in Milpitas and funding for its new mobile veterinary clinic.

The center was renamed in honor of Michelle Oates Detkin and Peter Detkin, whose $10 million multi-year investment will launch the Wellness Waggin’ to allow the Humane Society to provide low-cost and no-cost veterinary care to low-income residents. The mobile clinic is set to roll out in November, and the Humane Society plans to seek additional funding to keep the program on the road.

Next month will also mark the formal unveiling of the Peter Detkin and Michelle Oates Detkin Animal Community Center at a community event. In addition to their three children, the couple, who live in Los Altos Hills, have a dog and two cats they adopted from the Humane Society.

Michelle Oates Detkin said investing in the Wellness Waggin’ is “about pets and people—the human-animal bond—and about preserving relationships that sustain people, particularly now, with the future so uncertain for many.

“Equity demands of us as a community that families, regardless of income, are offered the opportunity to experience the value that having a pet in their home can bring,” the retired attorney said in a statement.

Her husband, a managing director at Sherpa Technology Group and a Humane Society board member, concurred.

“Bringing a pet into a home makes a family whole,” Peter Detkin said, adding that the Wellness Waggin’ will help “ensure that families or individuals with pets, regardless of economic means, can keep their pets healthy and receive the veterinary care they need.”

When asked about the Animal Community Center being named in for her and her husband, Michelle Oates Detkin said, “We accepted the honor of having our name on the building in the hopes it would inspire others to get involved.

“Our dream is that having a name on this building makes it a more personal, more accessible and more welcoming center for the community.”

Next month will also mark the formal unveiling of the Peter Detkin and Michelle Oates Detkin Animal Community Center at a community event. In addition to their three children, the couple, who live in Los Altos Hills, have a dog and two cats they adopted from the Humane Society.

Source: https://www.mercurynews.com/2021/10/24/investment-lets-humane-society-roll-out-wellness-waggin/

Factbox-China Evergrande’s Upcoming Bond Coupon Payments

SHANGHAI (Reuters) – China Evergrande Group on Friday confounded market expectations that it would formally default this weekend, supplying funds to pay interest on a U.S. dollar bond before the expiration of a 30-day grace period on Oct. 23.

Evergrande missed coupon payments totalling nearly $280 million on its dollar bonds on Sept. 23, Sept. 29 and Oct. 11, beginning 30-day grace periods for each.

While the developer does not have any more onshore or offshore bonds maturing this year, it still faces coupon payments on its offshore bonds totalling nearly $340 million between Nov. 1 and Dec. 28, on top of $195 million in outstanding missed payments.

Evergrande’s next payment deadline is Oct. 29 with the expiration of the 30-day grace period on its Sept. 29 coupon.

Following is a list of upcoming U.S. dollar bond coupon payment due dates for Evergrande and its units from Nov. 1 through Dec. 28, according to Refinitiv data:

Maturity Ccy Outstanding Next Next RIC

amount coupon coupon

date amount

Nov. 6, USD $645 mln Nov. 6, $41.93

2022 2021 mln

Nov. 6, USD $590 mln Nov. 6, $40.56

2023 2021 mln

Jun. 28, USD $1.34 bln Dec. 28, $50.43

2023 2021 mln

Jun. 28, USD $4.68 bln Dec. 28, $204.77

2025 2021 mln

(Reporting by Andrew Galbraith; Editing by Sam Holmes)

Copyright 2021 Thomson Reuters.

Source: https://money.usnews.com/investing/news/articles/2021-10-22/factbox-china-evergrandes-upcoming-bond-coupon-payments

Without Profits, Cloudflare Stock Is Too Expensive No Matter What

Cloudflare (NYSE:NET) stock has performed extremely well in 2021. As of Oct. 20, it’s up 130%, opening at $175.80. With this in mind, many investors think that there are only two scenarios for NET stock. Either this momentum will continue, sending prices higher, or more prudent, conservative investors and traders will wait for a dip to occur to buy at a lower price and have a margin of safety. That being said, it’s never a good idea to chase a stock price higher if your only argument is that you don’t want to miss out.

Close up of Cloudflare logo at the Company's headquarters

Source: Sundry Photography / Shutterstock.com

My take on the matter is that NET stock now is too overvalued; a dip would not make it a bargain. Some investors may focus on technical analysis and argue that Cloudflare shows strong momentum. This is true, but the stock is also at extreme levels based on technical analysis indicators such as the popular RSI(14) indicator, which sits at 74.68. Anything above a 70 is considered overbought.

The truth is, of course, that we cannot predict the outcome with accuracy — maybe NET stock goes up, or maybe it goes down. Momentum stocks may continue to move higher and leave fundamental analysts like me questioning the logic. The stock market is not always rational. That being said, I’m interested in maximizing the shareholder’s value, valuation and financial performance.

The Value of NET Stock

Cloudflare offers a variety of cloud-based services to websites. Its portfolio of products is used to ensure reliable, secure performance for critical web infrastructure. It might be tempting to think that Cloudflare’s price corresponds to incredible shareholder value, but that’s not the case.

Shareholder value comes from creating profit. Do not confuse the stock price with shareholder value.

It is tempting to argue that with the NET stock having just hit an all-time high, management must be doing things right. However, Cloudflare has not achieved yet any profitability. Cloudflare is losing money and has had a net loss quarter after quarter.

There are several valuation metrics we can use to analyze whether NET stock is attractive or not beyond just income. The company has a trailing twelve months free cash flow loss of $53 million. The TTM price to sales ratio is 96.

On the other hand, revenue growth is strong. Year over year, Cloudflare’s quarterly revenue is up 53%. Investors consider NET stock a growth stock and completely ignore its valuation. There’s danger in that belief, though.

When Will Cloudflare Be Profitable?

Cloudflare had a gross margin of 77% in its most recent quarter. The Q2 financial results had a few impressive numbers. Besides 53% revenue growth, the company also highlighted record dollar-based net retention of 124% and 140 new large customers in the quarter.

CEO Matthew Prince said, “We had our strongest quarter ever as a public company, and our revenue growth continued to accelerate, growing 53% year-over-year.”

That doesn’t change the fact that Cloudflare is losing money consistently as of 2016. In 2020 the reported net loss was $119.37 million, compared to a net loss of $105.83 million in 2019.

Fundamentals other than revenue growth show that Cloudflare has many flaws. The company has no profits, negative free cash flow, and a valuation that flirts with extreme values on a relative basis.

I would avoid NET stock for now. Until I see revenue growth turn to profits, I consider Cloudflare a very expensive stock to avoid. The current stock price is very disconnected from its intrinsic value.

On the date of publication, Stavros Georgiadis, CFA did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

My take on the matter is that NET stock now is too overvalued; a dip would not make it a bargain. Some investors may focus on technical analysis and argue that Cloudflare shows strong momentum. This is true, but the stock is also at extreme levels based on technical analysis indicators such as the popular RSI(14) indicator, which sits at 74.68. Anything above a 70 is considered overbought.

Source: https://internationallnews.com/2021/10/21/without-profits-cloudflare-stock-is-too-expensive-no-matter-what/

Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Thursday

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TSC and RIVR are leading today’s lists

By William White, InvestorPlace Writer Oct 21, 2021, 7:26 am EDT October 21, 2021

Good morning, investor! We’re getting right into the swing of things today with a look at the biggest pre-market stock movers for Thursday!

top stocks: skyscraper buildings viewed from the ground with Wall Street street sign in the foreground representing Pre-Market Stock Movers.

Source: Shutterstock

News moving shares this morning include an acquisition, clinical trial data, several earnings reports, and more.

Let’s dive into those pre-market stock movers below!

Pre-Market Stock Movers: 10 Top Gainers

  • TriState Capital Holdings (NASDAQ:TSC) stock is soaring more than 25% on news that Raymond James Financial (NYSE:RJF) is acquiring the company.
  • NextPlay Technologies (NASDAQ:NXTP) shares are rising over 22% with the release of its fiscal Q2 2022 earnings report.
  • Fangdd Network Group (NASDAQ:DUO) stock is surging nearly 21% despite a lack of news this morning.
  • InnSuites Hospitality (NYSEAMERICAN:IHT) shares are climbing more than 19% thanks to its fiscal second quarter of 2022 earnings report.
  • Digital World Acquisition (NASDAQ:DWAC) stock is jumping almost 17% on news that former President Donald Trump use the SPAC to take a social media company public.
  • Roivant Sciences (NASDAQ:ROIV) shares are increasing over 15% amid social media chatter.
  • Sio Gene Therapies (NASDAQ:SIOX) stock is gaining 13% after announcing positive data from a Phase1/2 clinical trial.
  • Sesen Bio (NASDAQ:SESN) shares are getting a more than 12% boost as it continues positive movement from FDA news yesterday.
  • Euro Tech (NASDAQ:CLWT) stock is up over 12% with the release of the company’s most recent earnings report.
  • Dunxin Financial (NYSEAMERICAN:DXF) shares are sitting more than 8% higher on no apparent news today.
  • 10 Top Losers

  • RiverNorth Opportunities Fund, Inc. Rights (NASDAQ:RIVR) are diving over 35% this morning.
  • Vicinity Motor (NASDAQ:VEV) stock is taking a more than 9% beating as it continues a recent downward trend.
  • Puhui Wealth Investment (NASDAQ:PHCF) shares are dropping over 8% after gaining on Wednesday.
  • ADMA Biologics (NASDAQ:ADMA) stock is slipping more than 7% after announcing a proposed public stock offering.
  • CooTek (NYSE:CTK) shares are falling over 6% following a rally yesterday.
  • TechnipFMC (NYSE:FTI) stock is dipping roughly 6% after releasing its earnings report for the third quarter of 2021.
  • Camber Energy (NYSEAMERICAN:CEI) shares are decreasing more than 5% after the meme stock rallied on Wednesday.
  • ABB (NYSE:ABB) stock is declining over 5% following the release of its Q3 2021 earnings report.
  • Direxion Daily MSCI Brazil Bull 2X Shares (NYSEARCA:BRZU) are losing more than 5% of their value this morning.
  • HighPeak Energy (NASDAQ:HPK) stock closes out our pre-market stock movers down almost 5% after announcing a public stock offering.
  • On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

    Article printed from InvestorPlace Media, https://investorplace.com/2021/10/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-thursday-oct-21/.

    ©2021 InvestorPlace Media, LLC

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    Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Thursday

    Today’s Market

    Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Thursday

    By William White Oct 21, 2021

    top stocks: skyscraper buildings viewed from the ground with Wall Street street sign in the foreground representing Pre-Market Stock Movers.

    Source: https://investorplace.com/2021/10/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-thursday-oct-21/

    How major US stock indexes fared Wednesday

    Stocks ended higher on Wall Street Wednesday, bringing the S&P 500 to the brink of another record high

    Stocks ended higher on Wall Street Wednesday, bringing the S&P 500 to the brink of another record high. The benchmark index climbed 0.4% for its sixth gain in a row.

    Anthem and Abbott Laboratories helped lead gains among health care stocks after turning in solid quarterly earnings reports. Netflix fell after forecasting earnings for its current quarter that were below analysts’ estimates.

    The price of Bitcoin rose above $66,000 for the first time.

    On Wednesday:

    The S&P 500 rose 16.56 points, or 0.4%, to 4,536.19.

    The Dow Jones Industrial Average rose 152.03 points, or 0.4%, to 35,609.34.

    The Nasdaq fell 7.41 points, or less than 0.1%, to 15,121.68.

    The Russell 2000 index of smaller companies rose 13.85 points, or 0.6%, to 2,289.77.

    For the week:

    The S&P 500 is up 64.82 points, or 1.5%.

    The Dow is up 314.58 points, or 0.9%.

    The Nasdaq is up 224.34 points, or 1.5%.

    The Russell 2000 is up 24.11 points, or 1.1%.

    For the year:

    The S&P 500 is up 780.12 points, or 20.8%.

    The Dow is up 5,002.86 points, or 16.3%.

    The Nasdaq is up 2,233.40 points, or 17.3%.

    The Russell 2000 is up 314.91 points, or 15.9%.

    ABC News

    Top StoriesTop StoriesTop StoriesTop Stories

    Source: https://abcnews.go.com/Business/wireStory/major-us-stock-indexes-fared-wednesday-80693023

    30 Business Leaders Promote Sustainable Investment | Work

    United Nations (AP) -30 top business leaders help the United Nations achieve its 2030 development goals, including addressing climate change, conserving the environment, eradicating poverty, promoting economic growth, and improving health care and education. We are trying to encourage private investment to support.

    UN Secretary-General Antonio Guterres, who launched the Global Investors Alliance for Sustainable Development two years ago, said at a virtual conference on Tuesday, “Promoting greater investment in developing countries and net zero (carbon emissions). ) Is relied on by the group to achieve. ” And sustainability is at the heart of everyone’s policies and business models. “

    Since its inception, the Alliance of Business Leaders has worked with the United Nations and other partners to develop standards, tools and products for long-term investments in sustainable development.

    Elliott Harris, chief economist at the United Nations, said in a press conference after Tuesday’s virtual conference that traditional investments “produce more economic benefits than sustainable investments” have long been recognized. ..

    “More and more, it’s no longer true,” he insisted. “Sustainable investment has the advantage of producing very healthy economic benefits and a long-term contribution to greater sustainability.”

    Harris said that one of the key aspects of the alliance’s work is “not asking people to go away and do something that goes against their own interests, but without any financial disadvantage.” The fact that they are persuading. ” Such investments should contribute to a “more sustainable future.”

    Also important is that stock exchanges provide evidence that sustainable investment returns are equal.

    Leila Fourie, Group CEO of the Johannesburg Stock Exchange, co-chair of the group, said the group’s fundamental goal was an obstacle to shifting much more money to reach the UN goal. He said it was to deal with it.

    Investors are either green, blue, or for social purposes, referring to green investment to protect the environment and combat global warming, blue investment to protect and save global waterways. There is a great deal of interest in products that explicitly and properly direct funding to, “she said. Social investment to fund social initiatives to address many issues, including the ocean and the response to the COVID-19 pandemic.

    Fourie said it is launching blue, green and social bonds to enable companies that consume large amounts of fossil fuels to move to a more environmentally friendly environment.

    “Our social fixed income index has outperformed the benchmark index in terms of returns offered over the last three years,” she said on the Johannesburg Exchange.

    The new data also show that “sustainable businesses are less susceptible to sudden shocks and turmoil, for example as a result of oil spills and regulatory fines,” Fourie said.

    According to the alliance, a web-based platform that enables investors to identify opportunities in the development market that support sustainable development over the past two years, and a navigator that allows users to align their business activities with UN goals. Has been established. We also issue over 60 recommendations to increase investment in our goals.

    Oliver Bate, Co-Chair of Alliance, CEO of Allianz SE in Germany, said, “We are raising funds with the launch of Net Zero Exchange Traded Funds and Mixed Finance Funds to Invest in Sustainable Infrastructure. We are working towards the creation of real-life opportunities for the United Nations.

    Alliance business leaders come from approximately 24 countries around the world, including businesses, large institutional investors, stock exchanges, commercial banks, technology, energy and manufacturing.

    Among them are Citigroup and Bank of America in the United States, UBS Group in Switzerland, Aware Super in Australia, CIMB in Malaysia, Infosys in India, PAL Pensions CEO in Nigeria, Agricultural Bank of China and Emirates Chairman. President of Brazil’s Environmental Group and Sul America, and Japan’s Government Pension Investment Fund and Mexico’s Consejo Mexicano de Negocios.

    Copyright 2021 AP communication. all rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.

    Source: https://pennsylvanianewstoday.com/30-business-leaders-promote-sustainable-investment-work/250053/

    Merck-Rivaling Covid Pill Flops; Where Does Maker Atea Go Now?

    Atea Pharmaceuticals (AVIR) said Tuesday its Merck (MRK)-rivaling antiviral Covid pill flopped in a midstage test, leading AVIR stock to crash.

    X

    The antiviral pill failed to significantly lower the viral loads of patients with mild to moderate Covid. But in patients with a high risk of severe Covid and underlying health conditions, the results were more promising, Atea said in a news release.

    Now, Atea and its partner, Roche (RHHBY), are scrambling to assess whether they can modify the patient population and ultimate goal of the upcoming Phase 3 study.

    “We remain committed to our goal of developing and delivering (the drug called) AT-527 as an oral antiviral that will address treatment needs as Covid-19 continues to evolve,” Atea Chief Executive Jean-Pierre Sommadossi said in a written statement.

    But on today’s stock market, AVIR stock plummeted 66% to 13.82. Merck stock, on the other hand, rose 3% to 79.49.

    AVIR Stock Crashes On Antiviral Miss

    Atea and Merck are both working on antiviral treatments for Covid. These drugs are oral medicines that look to stop the virus’ replication in the body. Merck has already asked the Food and Drug Administration to grant its Ridgeback Biotherapeutics-partnered drug emergency authorization.

    So, investors in AVIR stock had high hopes for a second potential oral antiviral.

    In the midstage test, Atea’s drug failed to “show a clear reduction” of viral load in mild-to-moderate Covid patients compared to a placebo. Overall, two-thirds of patients had mild symptoms with no underlying health conditions. On average, patients were 37 years old. The test also enrolled people who were vaccinated against Covid. Merck’s study focused on unvaccinated people.

    Promisingly, high-risk patients showed a stronger viral load reduction, Atea said. Atea also said the presence of variants and greater vaccination numbers could have impacted the results.

    Still, the news sent AVIR stock to its lowest-ever point. Shares went public in October 2020. AVIR stock enjoyed some gains recently on Merck’s antiviral momentum. But Atea stock’s downfall on Tuesday put it below its 200-day line, according to MarketSmith.com.

    Follow Allison Gatlin on Twitter at @IBD_AGatlin.

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    “We remain committed to our goal of developing and delivering (the drug called) AT-527 as an oral antiviral that will address treatment needs as Covid-19 continues to evolve,” Atea Chief Executive Jean-Pierre Sommadossi said in a written statement.

    Source: https://www.investors.com/news/technology/avir-stock-crashes-after-merck-rivaling-covid-pill-misses-in-midstage-test/

    Elon Musk teased Warren Buffett for being so much poorer than him – and suggested the investor buy Tesla stock to catch up

    Warren Buffett and Elon MuskWarren Buffett (left) and Elon Musk (right).

    Alex Wong/Getty, REUTERS/Rebecca Cook

    • Elon Musk joked that Warren Buffett should buy Tesla stock if he wants to get richer.
    • The Tesla and SpaceX chief’s net worth is more than double the size of the investor’s fortune.
    • Musk and Buffett have clashed before, on issues such as the importance of brands.

    Elon Musk teased Warren Buffett for being poorer than him in a recent tweet, suggesting the investor should buy a stake in his electric-vehicle company if he wants to catch up.

    “Maybe Buffett should invest in Tesla haha,” Musk said. The Tesla and SpaceX CEO commands a net worth of $236 billion, or more than double the Berkshire Hathaway CEO’s $103 billion fortune, according to the Bloomberg Billionaires Index.

    Musk tweeted in response to a Twitter thread highlighting that he was worth more than Buffett and Microsoft cofounder Bill Gates combined. He probably doesn’t expect Buffett to become a Tesla shareholder, as the 91-year-old famously looks for bargains and sticks to businesses he understands. Tesla’s market capitalization has ballooned almost 10-fold since the start of 2020, and the company has made big bets on artificial intelligence and bitcoin.

    The Tesla chief has butted heads with the investor before, most recently when he dismissed Berkshire’s proposal to build 10 natural-gas power plants across Texas in preparation for the state’s next power crisis.

    While Musk has quoted Buffett in the past, he’s admitted that he’s not the investor’s “biggest fan.” He’s described allocating capital across Berkshire as “kind of a boring job,” and questioned Buffett’s “kindly grandfather” persona.

    Notably, the Tesla chief labeled Buffett’s idea of economic moats – or enduring competitive advantages such as a beloved brand or patented technology – as “lame” on an earnings call in 2018. He argued that a company’s pace of innovation is the key determinant of its competitiveness instead.

    Buffett defended the concept at Berkshire’s annual shareholder meeting that year. He pointed to Geico’s low costs, and customers’ loyalty to brands such as Coca-Cola and Snickers, as examples of powerful moats that keep rivals at bay.

    “Elon may turn things upside down in some areas,” the investor said. “I don’t think he’d want to take us on in candy,” he quipped, referring to Berkshire-owned See’s Candies.

    “I’m starting a candy company, and it’s going to be amazing,” Musk jokingly tweeted in response. In contrast, Buffett signaled that he won’t be competing with Musk in the car business.

    “I don’t really have the same urge to produce automobiles that he apparently has to produce candy,” he said in a CNBC interview in 2018.

    Buffett has previously praised Musk as a “remarkable guy,” but suggested he has “room for improvement” and should be more selective about what he tweets.

    Read more: Warren Buffett expert Robert Hagstrom breaks down the 3 key elements of the investor’s ‘ultimate money mind’ – and explains why he won’t rush to make another elephant-sized acquisition

    Source: https://markets.businessinsider.com/news/stocks/elon-musk-warren-buffett-net-worth-wealth-tesla-stock-billionaires-2021-10?op=1