Elon Musk might be starting a candy company, because, Elon

Marco Green
May 7, 2018

Buffett, whose Berkshire Hathaway owns See's sweets, was responding to a shareholder's question about whether he agreed with Musk's views about so-called economic "moats", a term Buffett coined in a 1999 Fortune article referring to a company's wide competitive advantages. Should he focus on rockets or cars or flamethrowers or _? Still, Musk added, "Ok ok, just for sake of argument, what do you wish for in candy?"

That's right - Musk, the famed engineer and entrepreneur behind SpaceX, Tesla, and, most recently, The Boring Company, now wants to make candy.

While there's always a chance Musk was simply off firing off late night tweets to test out some of his business ideas with the public, the billionaire later posted that he is "super super serious", about the venture. Or does he really want to start his own candy company to prove Buffet wrong? He did, however, note that this project is "going to be awesome". Buffet's Berkshire Hathaway owns a bunch of companies, one being a candy company called See's sweets.

"I think that moats are lame". "Moats" was a term which was used by Warren Buffett which was coined in 1999 Fortune Magazine article while referring to Berkshire Hathaway's competitive advantages. "There are some pretty good moats around", he said. "And Elon may turn things upside down in some areas".

"He's trying to do something to improve a product and I salute him for that", Buffett said on CNBC's "Squawk Box." .

Last week, Musk criticized Buffett's investing strategy of looking for companies with a "moat", or a buffer to maintain an edge over competing brands or business models.

As IFLScience were quick to note, a cyborg dragon would be something requiring mechanical body parts as well as organic ones, so if Musk really were to devise this dragon there would need to be organic material in it, which could prove hard.

"He can't be serious", you think. All this seems interesting but can Elon Musk be the real-life Willy Wonka? Will he send candy to outer space like he did with a Tesla Roadster?

Other reports by Click Lancashire

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