Warren Buffett Pushes Back On Elon Musk's Criticism

As part of Berkshire Hathaway's annual meeting in Omaha, Nebraska on Saturday, Warren Buffett was asked about comments made by Elon Musk on Tesla's recent earnings call. They were made in reference to the use of strategic "moats." Buffett has historically touted these as a key element of his investment equation. The thinking is that a moat is anything that serves as a competitive barrier to disruptive entrants to an industry.
Musk said, "First of all, I think moats are lame.