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Warren Buffett on Elon Musk twitter, fake account, Trump earnings plan

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warren buffett arms outstretchedGetty Images / Mark
Wilson


  • Warren Buffett weighed in on Tesla CEO Elon Musk’s
    Twitter usage, saying it hasn’t “helped
    him 
    a lot.”
  • Buffett also laughed off a fake Twitter account that
    was impersonating him. The account posted a tweet that was
    shared by Kanye West.
  • In addition to the Twitter commentary, Buffett talked
    about President Donald Trump’s idea to move away from quarterly
    earnings cycles, the president’s pressure on Fed Chairman
    Jerome Powell, and tariffs.

Warren Buffett doesn’t think Elon Musk’s tweeting is doing him
any favors.

The Tesla CEO has come under fire recently for his Twitter usage,
including a tweet announcing the company
was considering going private
and another attacking
British diver who helped save
the young Thai soccer team that got trapped in
caves
 as
a “pedo guy.”

I don’t
think it’s helped him 
a lot,” Buffett said during an interview
with CNBC on Thursday.

Musk’s Twitter proficiency has
gotten Tesla and himself in hot water. The Securities and
Exchange Commission launched an investigation into the tweet
about taking Tesla private (the company has since
abandoned the idea
). And Vernon Unsworth, the British diver,
is reportedly
preparing legal action
against Musk.

Buffett also rejected the idea of
tweeting more, saying he doesn’t have enough opinions to weigh in
on events daily.

think there’s
other things in 
life I want to do than
tweet. 
I’m not that desperate for somebody to hear
my opinion on 
this,” he said.

The legendary investor was also
asked about
a fake Twitter account
that took on his identity, gaining
hundreds of thousands of followers along the way and even having
one tweet shared
by Kanye West
.

I do not have a daily view
on 
all kinds of things, and maybe I’ve got a
guy in this 
copycat or imitator, maybe
he’s 
putting out better stuff than I would
and 
if he puts out enough good advice,
I’ll 
take credit for it,” Buffett
said.

Other highlights from Buffett’s
interview:

  • On President Donald Trump’s plan to move US companies
    to twice-annual earnings reports: 
    I
    like 
    to read quarterly reports as
    an 
    investor, and we’ve got a
    couple 
    hundred billion dollars worth
    of 
    common stocks, so I like to
    get 
    those quarterly reports,” Buffett said.
    I do not like guidance, and
    think the guidance leads to
    lots 
    of bad things and I’ve seen
    it 
    lead to lots of bad things — I don’t think
    quarterly 
    reporting itself — it’s
    when 
    you get into promising
    people 
    what you’re going to do
    every 
    quarter.”
  • On Trump’s public
    pressure on Federal Reserve Chairman Jerome Powell not to raise
    interest rates:
     “[Powell will] do what, in his
    judgment, is best 
    for the American economy
    over 
    time there isn’t any question
    about 
    that,” Buffett said. “Maybe he’ll
    make 
    mistakes — I know I’ll make
    mistakes — but 
    he knows what his job is
    and 
    he’ll do it.”
  • On Trump’s tariffs:It pops up in
    every place and I 
    haven’t really done that, but
    was seeing [inflation] in raw
    materials 
    well before the
    tariffs 
    situation came up, but the tariff situation
    will aggravate 
    it significantly,” Buffett said.

Get the latest Tesla stock price here.

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