Tesla and Spacex CEO Elon Musk shared his investment strategy, which he believes will serve you well in the long run. From this perspective, Musk's investment strategy is similar to that of Berkshire Hathaway CEO Warren Buffett.
Musk's investment advice
Tesla and Spacex CEO Elon Musk gave some investment advice on Sunday, noting that he was also asked a lot.
He said investors should buy shares in several product and service companies he trusts. They should only sell products and services when they think the company's products and services are getting worse, Musk went on to say, don't be afraid when the market panics. In the long run, it will provide you with a better rate of return.
At the time of writing, this tweet has been liked more than a million times and retweeted 110,000 times
A lot of people reacted differently to his tweets, some agreed with Musk, and some people put forward different views from different angles, such as what seriously overvalued assets I should not hold, nor can I ignore all market reactions. Many people have warned that Musk's Tesla may soon have some bad news.
Many cryptocurrency proponents say they have been following Musk's advice to support projects they believe in regardless of where the token price moves.
Some investors have pointed out that Musk's proposal is similar to Berkshire Hathaway CEO Warren Buffett's value investment strategy. Oracle of Omaha also spoke about value investing over the weekend, explaining why he doesn't invest in Bitcoin or other cryptocurrencies.
Some people pointed out that Musk believed in this investment strategy and bought Twitter. Musk just last week bought a 100 percent stake in Twitter for about $44 billion.
In March, Musk also gave some investment advice when discussing inflation. He tweeted:
The general principle of investing, holding physical objects such as houses or stocks of companies that can produce quality products, is better than holding dollars when inflation is high.
In addition, Musk also said that he still will not sell his holdings of Bitcoin, Ethereum and Dogecoin.