4 ms·
Wow, this is a $2B mistake. Funny thing about very wealthy people, they think because they had success in one area that it will translate to success in another.
by SQL2219 7y ago
Wow, this is a $2B mistake. Funny thing about very wealthy people, they think because they had success in one area that it will translate to success in another. Most likely their timing and luck were perfect early in their career. I don't think timing is on his side here.
- LeonM 7y agoThose are the exact same comments as people had on Tesla roughly 8 years back. There even was a whole website dedicated on the Tesla 'death clock', predicting when they would go bankrupt. Only time will tell.
- rdtwo 7y agoJury is still out in Tesla, I suspect they will still go BK at some point and that’s probably the best thing that could happen to the car imo. They could take the best stuff and shed some of the debt and musk issues
- huydotnet 7y agoThis guy is not an ordinary walthy people who think he can success in one area so he can translate it to another. He actually succeed in way a lot area before jumping to auto making. I can't predict the result of this move but I'd say, he not that type of wealthy people.
- 9nGQluzmnq3M 7y agoVingroup is a classic Asian conglomerate that is already varyingly successful in half a dozen fields ranging from retail to real estate and hospitals. The key challenge is whether they can make money outside their home market of Vietnam.
- xmly 7y agoFirst, it is good PR. Second, the Vietnam government probably subsidizes the company for exporting, even they just claim to do so.