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Lessons for Elon Musk

Elon Musk’s very public cosying up to Donald Trump and his millions of dollars spent in support of Trump’s quest to be the President of the United States offers up a salient lesson:

Hooking your star to one man shooting for the Presidency is fraught with potholes along the way.

Three of them:

  1. The average term served by Presidents tends to be around 6-7 years.
  2. The average lifespan of a company on the S&P 500 Index is just over 21 years.
  3. Approximately 30% of small businesses survive beyond 10 years.

The average listed and privately owned business lifespan is longer than the average term served by a President.

So, only a businessman anticipating a huge lifetime payday would be crazy enough to ‘buy a President’.

So Elon – are you crazy or does Nostradamus defer to you?

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  1. Patrice Motsepe – After a successful career as a lawyer at Bowman Gilfillan, Motsepe founded ARM (African Rainbow Minerals) in 1997 and turned it into one of the largest mining and mineral groups in the world. He has since diversified into a number of other key sectors. Motsepe is ranked as South Africa’s fifth richest person, with a fortune exceeding R1.3 billion in 2017. In December he invested in a $1-billion fund as part of the Breakthrough Energy Coalition, launched by Bill Gates.