Elon Musk tweeted his best investing advice—and it sounds a lot like Warren Buffett's strategy. (via CNBCMakeIt)
"Since I've been asked a lot: Buy stock in several companies that make products & services thatbelieve in. Only sell if you think their products and services are trending worse. Don't panic when the market does."made famous by Buffett, currently the sixth richest person in the world.
With value investing, you only buy the stocks of companies that have a business model that you believe in and understand. Ideally, these companies are undervalued and have the potential to provide greater earnings over a long period of time. Since value investors look for deals based on their own research into the intrinsic value of a company, they don't tend to follow trends or short-term stock movements in the market.
For Musk, then, Twitter is presumably a value investment based on this logic, as the company's board recently accepted his offer to buy the company for $44 billion.
However, he added that "I still own and won't sell my Bitcoin, Ethereum or Doge," in reference to his cryptocurrency holdings.
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