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>I don’t see that they’ve ever invested in Bitcoin. Apparently it was a personal investment: https://www.cnbc.com/2019/04/23/masayoshi-son-invested-in-bitcoin

>I don’t see that they’ve ever invested in Bitcoin. Apparently it was a personal investment: https://www.cnbc.com/2019/04/23/masayoshi-son-invested-in-bitcoin-and-reportedly-lost-130-million.html https://www.cnbc.com/2019/04/23/masayoshi-son-invested-in-bi... >the fund would generate a 0.9x return or disappointing but not a complete disaster. Definitely disappointing, with a nearly exclusive biotech/tech portfolio during once of the biggest tech bull runs ever.

iav 6y ago
True, and if I recall Apple is even a “small” LP in the Vision Fund. So Tim Cook could have bought his own stock but instead thought giving a few billion to Masa was a better trade! But hindsight is 20/20 and we don’t know what the fund is ultimately going to return. I have friends who work there - the sad part is the amount of sheer work that had to be done to keep the returns where they are today, restructuring old investments and squeezing every drop from the winners to make up for the total write offs.