Buffett's 'Favorite Journalist': Shorting Musk Often Comes at a High Cost

BlockBeats News, June 22 - Prominent financial journalist and Buffett's "go-to reporter" Becky Quick recently stated in a CNBC interview that there is no doubt that SpaceX's IPO will attract a large amount of retail investor funds. As for the long-term stock performance, no one can guarantee it, but history has proven that betting against Musk easily often comes at a hefty price.

"Even Charlie Munger and Warren Buffett have said that while they may not necessarily buy Musk's company, they will never choose to stand against him because betting against Musk himself is an extremely risky proposition."