Musk and Buffett make a natural pair trade

Musk and Buffett make a natural pair trade

"I'm starting a candy company & it's going to be unbelievable", he said.

Although Elon Musk's idea seems random as hell, reportedly it's a sugar-coated jab at Warren Buffet's comments on Musk's inability to rival his candy business.

With Berkshire's 2018 annual meeting in the books, users can revisit the highlights in CNBC's Warren Buffett Archive, which houses searchable video from 25 full annual meetings, going back to 1994, synchronized to 2600 pages of transcripts.

In a recent tweet, Elon Musk announced that he's interested to build a candy company and also mentioned how serious he's about it. The term "moat" in the investment parlance was established by Buffett.

Russell, who owns 54 shares of Tesla, lobbied for a position on the automaker's earnings call in order to give a voice to the small-time investors who aren't typically represented during quarterly earnings calls.

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. "They are nice in a sort of quaint, vestigial way".

The electric vehicle maker warned in a securities filing it "may need or want to raise additional funds in the future", adding that "these funds may not be available to us when we need or want them, or at all". What matters is the pace of innovation.

Buffett responded over the weekend by saying that moats are still working for certain companies, despite technological advancements.

Those who follow Elon Musk will note that he oftentimes makes announcements of this kind on social media, like the time he logged onto Twitter and wrote of his intention to sell flamethrowers. Let's see how Musk creates Willy Wonka's chocolate factory in the coming years.