Sadly, this year Munger will not be able to opine, perhaps someone will ask Buffett his opinion ? Were any TSLA BOD members aggressively buying the stock? Have you looked at the tsla chart? The SEC allowed that pay package, it was fully disclosed, who lost money as a result of tsla meeting the milestones, shorts? Thank you.

Paraphrasing (grossly) Munger, just because you can make money killing someone with an axe doesn't mean it a good thing to do. I have exactly zero dogs in this fight but I thought the judge's ruling was very lucid and had nothing to do with the SEC or if the BOD was buying stock or not. The board said the gargantuan compensation package was necessary to keep Musk engaged with Tesla--but the package had no provisions to actually keep him engaged with Tesla. And in fact, he didn't stay engaged with Tesla as witnessed by all the time he spent on Twitter. Which means the board didn't do their jobs.

Who lost money? The shareholders who overpaid for executive compensation and didn't receive what they were promised. Again, zero dogs in this fight but I can't see any version of this where the board did their jobs.

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