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In their defense, Masayoshi Son made much of his fortune by applying the greater fool theory (and lost much of it that way as well). There's a chance they reall
by skrebbel 7y ago
In their defense, Masayoshi Son made much of his fortune by applying the greater fool theory (and lost much of it that way as well). There's a chance they really just took a calculated risk here, and with many of their other investments too. The risk being not so much the success of the company like normal VC investments, but explicitly a "maybe we can profitably push this through an IPO, let's see if the sheeple fall for it" kind of thing.
- mhermher 7y agoLive by the sword, die by the sword. Eventually you will be the greatest fool.
- rebuilder 7y agoThats quite the defense.
- TheOtherHobbes 7y agoHypothetically, if he was really good at this he'd pick a highly leveraged market segment, attempt to crash it with a ridiculously implausible high-profile failure at the tail end of a bubble, and benefit by shorting everything that wasn't nailed to the floor. Or maybe he's just a bit gullible. It's hard to be sure.