Elon Musk’s stock-picking advice: ‘Don’t panic when the market does’

Elon Musk’s stock-picking advice: ‘Don’t panic when the market does’

Elon Musk made a foray into stock-picking advice Sunday, advising his Twitter followers to buy companies that make products they "believe in" and not to "panic" when the market does. "Buy stock in several companies that make products & services that you believe in," the Tesla and SpaceX CEO . "Only sell if you think their products & services are trending worse. Don't panic when the market does." He added: "This will serve you well in the long-term." Musk's tweet was posted Sunday after the Berkshire Hathaway annual shareholder meeting Saturday, at which Warren Buffett and Charlie Munger . Buffett and Munger are longstanding skeptics of bitcoin and digital currencies whereas Musk is closer to an evangelist. Musk's Sunday tweet was posted shortly after he on a video from Saturday's Berkshire Hathaway meeting, in which Buffett was discussing the merits of bitcoin. It's not the first time Musk has given advice about buying stocks. In March, after the likely path for inflation, Musk said that it was "generally better to own physical things like a home or stock in companies" than dollars "when inflation is high." He added: "I still own & won't sell my Bitcoin, Ethereum or Doge fwiw."