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Billionaire Charlie Munger Destroys Elon Musk’s Hyperinflated Sense of IQ

Jimmy Aki
Updated
berkshire hathaway munger Elon Musk
berkshire hathaway munger Elon Musk

While answering questions at Los Angeles-based news outlet Daily Journal Corp’s annual meeting, Charlie Munger, Vice Chairman of investment giant Berkshire Hathaway and longtime partner of fellow billionaire Warren Buffett, took a thinly-veiled shot at Elon Musk, founder and CEO of automobile company Tesla Inc.

Munger, who serves as the chairman of Journal Daily Corp, has gained worldwide acclaim as a successful investor and is also seen as a “sage” who gives some of the best investment advice.

At the annual meeting, Munger was asked by a company shareholder about his proverb, where he once famously said he would rather “hire a person with an IQ of 130 but who thinks it’s 120, as opposed to someone who thinks he has a 170 IQ, when he actually just has an IQ of 150.”

Read the full story on CCN.com.