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[jswordy]

I agree 100%. Musk is absolutely brilliant. By the way, I bought me an electric vehicle.

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It does not take brilliance to make money, as many a multimillionaire and billionaire has proven, and I doubt Elon actually has any quality I would call brilliance. It does take a capacity for risk and at least the initial ability to see business opportunity. Once a certain degree of capital is produced by initial successes, greater risks can be take at lower cost if they fail. This is the well-trodden pattern Elon Musk has followed.

Musk got his starting capital from his Dad, who had a successful engineering business in South Africa. Tesla was incorporated in July 2003 by Martin Eberhard and Marc Tarpenning as Telsa Motors. Eberhard said he wanted to build "a car manufacturer that is also a technology company," with its core technologies as "the battery, the computer software, and the proprietary motor."

In February 2004, via a $6.5 million investment, Musk became the largest shareholder of the company. He took a more and more active role in the company he had bought into, eventually becoming chair of its board. In August 2007, Eberhard was asked by the board, led by Musk, to step down as CEO. Musk has served as CEO since 2008.

In other words, he bought his way in and then used every advantage of being the largest shareholder to take over. Nothing brilliant about that, lots have done it.

By January 2009, Tesla had raised $187 million and delivered 147 cars. Musk had contributed $70 million of his own money to the company. BTW, Musk got his money to buy Tesla by founding a company and then another company that merged with Peter Thiel’s Confinity platform and later – after Musk was thrown out as CEO, his second consecutive experience at that – under Thiel's leadership became Paypal.

A social media animal, Musk has used it in a wide variety of ways suspect under SEC rules to expand his wealth, creating buzz for a speculative, overvalued stock and manipulating neophyte investor fans over and over to accumulate more for himself.

In a stroke of also not-brilliance BUT the ability to recognize opportunity, I recognized that years ago and have been using Musk's manipulations since as a way to create wealth for myself by buying and selling the stock, as well as shorting it, when the timing was appropriate. Shrug. Also not rocket science.

 

[geek]

It does not take brilliance to make money, as many a multimillionaire and billionaire has proven, and I doubt Elon actually has any quality I would call brilliance. It does take a capacity for risk and at least the initial ability to see business opportunity. Once a certain degree of capital is produced by initial successes, greater risks can be take at lower cost if they fail. This is the well-trodden pattern Elon Musk has followed.

Musk got his starting capital from his Dad, who had a successful engineering business in South Africa. Tesla was incorporated in July 2003 by Martin Eberhard and Marc Tarpenning as Telsa Motors. Eberhard said he wanted to build "a car manufacturer that is also a technology company," with its core technologies as "the battery, the computer software, and the proprietary motor."

In February 2004, via a $6.5 million investment, Musk became the largest shareholder of the company. He took a more and more active role in the company he had bought into, eventually becoming chair of its board. In August 2007, Eberhard was asked by the board, led by Musk, to step down as CEO. Musk has served as CEO since 2008.

In other words, he bought his way in and then used every advantage of being the largest shareholder to take over. Nothing brilliant about that, lots have done it.

By January 2009, Tesla had raised $187 million and delivered 147 cars. Musk had contributed $70 million of his own money to the company. BTW, Musk got his money to buy Tesla by founding a company and then another company that merged with Peter Thiel’s Confinity platform and later – after Musk was thrown out as CEO, his second consecutive experience at that – under Thiel's leadership became Paypal.

A social media animal, Musk has used it in a wide variety of ways suspect under SEC rules to expand his wealth, creating buzz for a speculative, overvalued stock and manipulating neophyte investor fans over and over to accumulate more for himself.

In a stroke of also not-brilliance BUT the ability to recognize opportunity, I recognized that years ago and have been using Musk's manipulations since as a way to create wealth for myself by buying and selling the stock, as well as shorting it, when the timing was appropriate. Shrug. Also not rocket science.

In my books, nothing wrong about that.

 

[bstnh1]

It does not take brilliance to make money, as many a multimillionaire and billionaire has proven, and I doubt Elon actually has any quality I would call brilliance. It does take a capacity for risk and at least the initial ability to see business opportunity. Once a certain degree of capital is produced by initial successes, greater risks can be take at lower cost if they fail. This is the well-trodden pattern Elon Musk has followed.

Musk got his starting capital from his Dad, who had a successful engineering business in South Africa. Tesla was incorporated in July 2003 by Martin Eberhard and Marc Tarpenning as Telsa Motors. Eberhard said he wanted to build "a car manufacturer that is also a technology company," with its core technologies as "the battery, the computer software, and the proprietary motor."

In February 2004, via a $6.5 million investment, Musk became the largest shareholder of the company. He took a more and more active role in the company he had bought into, eventually becoming chair of its board. In August 2007, Eberhard was asked by the board, led by Musk, to step down as CEO. Musk has served as CEO since 2008.

In other words, he bought his way in and then used every advantage of being the largest shareholder to take over. Nothing brilliant about that, lots have done it.

By January 2009, Tesla had raised $187 million and delivered 147 cars. Musk had contributed $70 million of his own money to the company. BTW, Musk got his money to buy Tesla by founding a company and then another company that merged with Peter Thiel’s Confinity platform and later – after Musk was thrown out as CEO, his second consecutive experience at that – under Thiel's leadership became Paypal.

A social media animal, Musk has used it in a wide variety of ways suspect under SEC rules to expand his wealth, creating buzz for a speculative, overvalued stock and manipulating neophyte investor fans over and over to accumulate more for himself.

In a stroke of also not-brilliance BUT the ability to recognize opportunity, I recognized that years ago and have been using Musk's manipulations since as a way to create wealth for myself by buying and selling the stock, as well as shorting it, when the timing was appropriate. Shrug. Also not rocket science.

"Although no official resources have tested Musk, his IQ is generally estimated at 155. Experts based it on its potential to understand and apply complex data strategies, its first aptitude checks, and how it uses its knowledge to drive innovation in complex industries." That puts him in the "brilliant" category. Forbe's lists his IQ as 160. Others have estimated his IQ as 240. You may be using Musk's "manipulations". But you are not Elon Musk and my guess is you're net worth does not approach $244 billion.

 

[Kraffty]

Three years ago I got rid of the grass near the house (about a 1/4 acre) and started a flower garden. Had a crazy idea to build something for the indoor cats. 5 x 10, 2 levels.

Looks nice, my neighbor has something similar but smaller, calls it her "Catio"

 

[geek]

But you are not Elon Musk and my guess is you're net worth does not approach $244 billion.

If that was the case Jim would've purchased the whole Punta Cana region in the DR

 

[geek]

Nothing more gratifying than a dog who loves you with no conditions!!

 

[jswordy]

In my books, nothing wrong about that.

I didn't say there was. I said it was not "brilliant." Because it's not. It's rapacious.

 

[jswordy]

"Although no official resources have tested Musk, his IQ is generally estimated at 155. Experts based it on its potential to understand and apply complex data strategies, its first aptitude checks, and how it uses its knowledge to drive innovation in complex industries." That puts him in the "brilliant" category. Forbe's lists his IQ as 160. Others have estimated his IQ as 240. You may be using Musk's "manipulations". But you are not Elon Musk and my guess is you're net worth does not approach $244 billion.

You lost me after "Although no official resources have tested Musk..." In that case, using the same criteria, I estimate YOUR IQ at 172, and mine at 194. There is ZERO direct link or correlation between IQ and wealth. ZERO. Hence, it does NOT take brains to be a billionaire. It takes rapaciousness, the necessary finances to be able to strike, and selecting the proper opportunities. Musk got the finances to strike at Tesla because of the leadership of Peter Thiel at what was to become Paypal. That made Musk's stock a winner.

Millions of investors and business owners of all intellectual capacities have followed similar paths to wealth, though they may not have been as rapacious as Musk or for other reasons did not reach such gargantuan control of assets. However, by percentage relative to where they started out, they too have succeeded. Musk is very rapacious and a good businessman. That's it.

 

[jswordy]

If that was the case Jim would've purchased the whole Punta Cana region in the DR

Nope.

 

[sour_grapes]

Nothing more gratifying than a dog who loves you with no conditions!!

View attachment 91070

Hate to tell you, but I think "being fed" is a condition.

 

[ibglowin]

Ghost Ranch, Abiquiu, NM. Photo by Klaus Priebe

 

[geek]

Yesterday marked 4 years of ownership of my Tesla, still a very happy camper with this EV, hands down no regrets.

That picture was July 28, 2018.

 

[ibglowin]

@geek we have a dedicated thread for "memes". Please post any and all memes over there and keep this thread for pics.

Yesterday marked 4 years of ownership of my Tesla, still a very happy camper with this EV, hands down no regrets.

That picture was July 28, 2018.

View attachment 91113

 

[geek]

@geek we have a dedicated thread for "memes". Please post any and all memes over there and keep this thread for pics.

Ok Sir!! But you're quoting my picture with my Tesla.

 

[jswordy]

Severe drought pasture. This should be about a foot high at this stage of summer. The cows astill look good, mostly becaise I roate them weekly between paddocks.



We are finally due to get rain today and tomorrow. Headed my way now.

 

[ibglowin]

Yep, your pic of your babies (both 4 wheel and 4 legged) are fine. I just meant the memes!

Ok Sir!! But you're quoting my picture with my Tesla.

 

[geek]

Yep, your pic of your babies (both 4 wheel and 4 legged) are fine. i just meant the memes!

And I pressume you moved that post to that thread.

 

[jswordy]

Just sitting here watching the rain advance eastward on the radar only to evaporate at I-65 before it can wet any of us on the east side of that. Sigh...

 

[geek]

Just sitting here watching the rain advance eastward on the radar only to evaporate at I-65 before it can wet any of us on the east side of that. Sigh...

View attachment 91130

Wish some of that rain moves up to us.....so frek%#$%$# dry up here, grass is going very bad!!

 

[bstnh1]

Wish some of that rain moves up to us.....so frek%#$%$# dry up here, grass is going very bad!!

Every storm this week has missed my yard. We've had less than a quarter inch in the last 2 weeks. July's total so far is only 2.5" and most of that fell before the 13th.