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Elon Musk: I am not Buffett's biggest fan

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May 9, 2020
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Elon Musk: I am not Buffett's biggest fan
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Elon Musk spoke with Joe Rogan and here some of the highlights from the two-hour podcast.

Tesla CEO Elon Musk said that fewer people should start careers in finance and law and instead focus on innovation.

“In the United States especially, there’s an over allocation of talent in finance and law. Basically too many smart people go into finance and law,” Musk said in an interview with the comedian Joe Rogan that aired Thursday.

When asked by Rogan if being a billionaire makes people see him in a different light, Musk said yes.

“In recent years, billionaire has become a pejorative, like that’s become a bad thing, which I don’t think makes a lot of sense in most cases,” Musk said.

But he distinguished people who became rich by founding a company that builds things, versus those who earned their wealth through financial engineering or other means. “If you organize people in a better way, to produce products and services that are better than what existed before and you have some ownership in that company, that essentially gives you the right to allocate more capital.”

“So this is both a compliment and a criticism,” Musk added. “We should have fewer people doing law and fewer people doing finance and more people making stuff.”

Musk said that manufacturing shifted from being a highly valued job to one that’s “looked down upon,” though the value is there.

“Making a car is an honest day’s living, that’s for sure,” Musk said.

The CEO also addressed his recent vow on Twitter to sell the majority of his physical possessions, which he said weigh him down.

“I have a bunch of houses, but I don’t spend a lot of time in most of them. That doesn’t seem like a good use of assets. Somebody could probably be enjoying those houses and get better use of them than me.”

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Comments 24

  1. Staph says:
    1 year ago

    WOW CNBC MADE A DOCUMENTARY about model 3 production hell and how elon overcomed it and now they are back to normal throw bs and attacking everything elon does… WTF what is their purpose in life and why are they doing their job huh fking trash people doing trash doings with a donkey brain

    Reply
  2. whenindangerwhenindoubtrunincirclesscreamandshout says:
    1 year ago

    Elons a a$$hole..take away his $

    Reply
  3. Seriously You jest? says:
    1 year ago

    She,tear in place destroyed a 27 year business. I would have risked death by virus. Now live in your world, I’ll retire in mine. New skills, new gifs, best to you all. I hope you enjoy the world 6’ apart.

    Reply
  4. shannonjackson464 says:
    1 year ago

    THIS VIDEO HAS MORE DISLIKES THAN LIKES. LMFAO. FAKE NEWS NEVER GETS IT.

    Reply
  5. Jesus Mendoza says:
    1 year ago

    Well start testing people make sure who's good to work and lets help them as much as we can remember mom or dad get sick die who going take care of the kids and who's going to pay for funeral

    Reply
  6. stonewall tommy jackson says:
    1 year ago

    I really don't like Elon Musk because of his Godless look on life, but he did tell the truth as far as guys like Warren Buffett who are not Doing and manufacturers,bring something to the table. Men like Warren Buffett are essentially just Bankers they bring nothing to the table they put up no capital or any product that actually helps people. Plus governments reach and abuse of power! Thomas Jefferson put it better than I could ever and I'll leave the quotes.
    “If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
    “I sincerely believe that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale.” –Thomas Jefferson to John Taylor, 1816. ME 15:23
    “Everything predicted by the enemies of banks, in the beginning, is now coming to pass. We are to be ruined now by the deluge of bank paper. It is cruel that such revolutions in private fortunes should be at the mercy of avaricious adventurers, who, instead of employing their capital, if any they have, in manufactures, commerce, and other useful pursuits, make it an instrument to burden all the interchanges of property with their swindling profits, profits which are the price of no useful industry of theirs.” –Thomas Jefferson to Thomas Cooper, 1814. ME 14:61
    “The art and mystery of banks… is established on the principle that ‘private debts are a public blessing.‘ That the evidences of those private debts, called bank notes, become active capital, and aliment the whole commerce, manufactures, and agriculture of the United States. Here are a set of people, for instance, who have bestowed on us the great blessing of running in our debt about two hundred millions of dollars, without our knowing who they are, where they are, or what property they have to pay this debt when called on.”
    “I own it to be my opinion, that good will arise from the destruction of our credit. I see nothing else which can restrain our disposition to luxury, and to the change of those manners which alone can preserve republican government. As it is impossible to prevent credit, the best way would be to cure its ill effects by giving an instantaneous recovery to the creditor. This would be reducing purchases on credit to purchases for ready money. A man would then see a prison painted on everything he wished, but had not ready money to pay for.” –Thomas Jefferson to Archibald Stuart, 1786. ME 5:259
    “If the debt which the banking companies owe be a blessing to anybody, it is to themselves alone, who are realizing a solid interest of eight or ten per cent on it. As to the public, these companies have banished all our gold and silver medium, which, before their institution, we had without interest, which never could have perished in our hands, and would have been our salvation now in the hour of war; instead of which they have given us two hundred million of froth and bubble, on which we are to pay them heavy interest, until it shall vanish into air… We are warranted, then, in affirming that this parody on the principle of ‘a public debt being a public blessing,’ and its mutation into the blessing of private instead of public debts, is as ridiculous as the original principle itself. In both cases, the truth is, that capital may be produced by industry, and accumulated by economy; but jugglers only will propose to create it by legerdemain tricks with paper.” –Thomas Jefferson to John W. Eppes, 1813. ME 13:423
    “The Bank of the United States is one of the most deadly hostilities existing, against the principles and form of our Constitution. An institution like this, penetrating by its branches every part of the Union, acting by command and in phalanx, may, in a critical moment, upset the government. I deem no government safe which is under the vassalage of any self-constituted authorities, or any other authority than that of the nation, or its regular functionaries. What an obstruction could not this bank of the United States, with all its branch banks, be in time of war! It might dictate to us the peace we should accept, or withdraw its aids. Ought we then to give further growth to an institution so powerful, so hostile?” –Thomas Jefferson to Albert Gallatin, 1803. ME 10:437

    Regulating Banking Institutions
    “The principle of rotation… in the body of [bank] directors… breaks in upon the espirit de corps so apt to prevail in permanent bodies; it gives a chance for the public eye penetrating into the sanctuary of those proceedings and practices, which the avarice of the directors may introduce for their personal emolument, and which the resentments of excluded directors, or the honesty of those duly admitted, might betray to the public; and it gives an opportunity at the end of the year, or at other periods, of correcting a choice, which on trial, proves to have been unfortunate.” –Thomas Jefferson to Albert Gallatin, 1803. ME 10:437

    Paper Speculation
    “A spirit… of gambling in our public paper has seized on too many of our citizens, and we fear it will check our commerce, arts, manufactures, and agriculture, unless stopped.” –Thomas Jefferson to William Carmichael, 1791. ME 8:230
    “Our public credit is good, but the abundance of paper has produced a spirit of gambling in the funds, which has laid up our ships at the wharves as too slow instruments of profit, and has even disarmed the hand of the tailor of his needle and thimble. They say the evil will cure itself. I wish it may; but I have rarely seen a gamester cured, even by the disasters of his vocation.” –Thomas Jefferson to Gouverneur Morris, 1791. ME 8:241

    Reply
  7. Anon says:
    1 year ago

    You guys are so pathetic with how you report things….I'm going to school for journalism and I will set a new president

    Reply
  8. Anon says:
    1 year ago

    His child's name is Kyle…

    Reply
  9. Anon says:
    1 year ago

    I Love how we all know what's up, Love Elon and so happy for him and his family!!! Congrats

    Reply
  10. Tanner Bennett says:
    1 year ago

    CNBC: “please notice us!”

    Reply
  11. crazyfreeman100 says:
    1 year ago

    TMT team is not buying TESLAs

    Reply
  12. Craig Forster says:
    1 year ago

    Elon musk had great explanations for everything he says. News stations always cut pieces out to make it look like something different. I'll be happy when this type of media is completely gone.

    Reply
  13. Jacob Barron says:
    1 year ago

    The problem with media highlights

    Reply
  14. LIVE FRUGALLY AND INVEST WHEN YOUNG TO RETIRE RICH says:
    1 year ago

    its easy for millionaires to tell people to shelter in place when the average person is losing their job and doesnt even have a months worth of life expenses saved up.
    the funny part is the poor sheep that support that position simply because its been framed as a democratic position to want continued lock downs.
    conservatives are happy to get back to work. one of the major aspects of our ideology is that freedom is dangerous and we prefer dangerous freedom over peaceful tyranny.

    Reply
  15. Bhunivelze says:
    1 year ago

    Leave Elon Alone!!! Let him be a person.

    Reply
  16. transAmos654123 says:
    1 year ago

    2:23 https://www.youtube.com/watch?v=RcYjXbSJBN8&t=35s It WAS asked a mere 35 seconds into the podcast.

    Reply
  17. Oooh-Rai says:
    1 year ago

    When you disingenuously bring up a Rogan podcast and the people who actually watched and listened to it come in and call you out on your BS.
    good job you played yourself

    Reply
  18. Andy Andres Gutierrez says:
    1 year ago

    On the ground down to earth~lings mhhmm seess, beautifully make me hornths

    Reply
  19. Eddie Vasquez says:
    1 year ago

    He did ask how to pronounce the name lmao

    Reply
  20. Rico brack says:
    1 year ago

    I ways forget how smooth elons voice is when I picture it in my head I always give him a hyper thick German drs accent

    Reply
  21. Sinister Twist Games says:
    1 year ago

    Baby's name was one of the first questions asked. FAKE NEWZ! 😝

    Reply
  22. Eddie Vasquez says:
    1 year ago

    Hahah they’re showing rogan podcast on the news 😂😂😂 that’s amazing

    Reply
  23. Jazon OG says:
    1 year ago

    Breaking news? @cnbc GET. A . Life. This is not news. It's gossip. You might as well be TMZ at this point…. and even if it was news, you still got it WRONG. Did you even watch the entire podcast? No. No you didn't. The first and easiest clue to that was the baby's name…. which was asked and answered. And to call this "breaking news"… you can't be serious? "News" was enough of a stretch, but "breakin"? What? You've done quite well to make an ass of yourselves and appear as a sham of a "news" organization. Good job.

    Reply
  24. Ghost Black Project says:
    1 year ago

    This is a set up ! CNBC cut his answers short to make him look stupid . I watched the Podcast and a lot the things Elon said make sense .

    Reply

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