3 ms·

The CEO of the SoftBank did lose a ton of money back in the Dotcom bust. I guess he is a huge risk taker. From Wikipedia: https://en.wikipedia.org/wiki/Masayos

by pkaye 7y ago

The CEO of the SoftBank did lose a ton of money back in the Dotcom bust. I guess he is a huge risk taker. From Wikipedia: https://en.wikipedia.org/wiki/Masayoshi_Son https://en.wikipedia.org/wiki/Masayoshi_Son >According to Forbes magazine, Son's estimated net worth is US$23 billion, and he is the second richest man in Japan,[1] despite having the distinction of losing the most money in history (approximately $70bn during the dot com crash of 2000).[3]

arkitaip 7y ago
Huge risk taker or just a terrible investor?
- mrlala 7y ago
  Both.. I know nothing about this person but very possible he just got lucky on some really big investments but anything he tries to really do is shit. Luck is such a huge factor sometimes...
  - pkaye 7y ago
    I think his second big chance was Alibaba.
- jhwang5 7y ago
  How do you reconcile calling some one bad at making money, when he is worth 26bn. In all seriousness, luck is >85% of making big money.
  - anm89 7y ago
    I think in all likelihood, hes achieving his aim perfectly which is to generate huge management fees not huge investment returns.
    - jhwang5 7y ago
      Exactly. He's playing with Saudi's money. People are conflating managing your PA vs others'.