6 ms·

> Nope, now Nvidia is going to destroy that progress and set everything back another 5+ years. You're blaming Nvidia. You should be blaming SoftBank and Masayo

> Nope, now Nvidia is going to destroy that progress and set everything back another 5+ years. You're blaming Nvidia. You should be blaming SoftBank and Masayoshi Son: bunch of fucking hucksters misleading people and making bad investments. Now they need to sell ARM to fill some of the gaping void that has resulted. They couldn't care less who they sell to and what the outcome of that sale will be. I have nothing but contempt for them. An absolutely miserable turn of events.

willtim 6y ago
Well Brexit caused the pound to plummet and supposedly made ARM tempting. I find it ironic that the current UK Brexiteer government talk constantly about soveignty and control, yet were quite happy to allow this sale.
baybal2 6y ago
> You're blaming Nvidia. You should be blaming SoftBank and Masayoshi Son: bunch of fucking hucksters misleading people and making bad investments. You shouldn't be blaming bad investors. They pay for their decisions with their, or more often somebody's else, money. Blame the collective ownership of means of production, which in form of public companies have dominated the Western world for the last 30+ years. When people think of of selling their business, which is their life's work, as a raison d'etre, something is really messed up with the business culture in that person's coutnry.
- hosh 6y ago
  Have you, by chance, looked into any of Carol Sandford’s work?
  - baybal2 6y ago
    No
- jcelerier 6y ago
  > When people think of of selling their business, which is their life's work That's a bit of a grandiloquent take on reasons that could lead one to start a business.
- the_other 6y ago
  > You shouldn't be blaming bad investors. They pay for their decisions with their, or more often somebody's else, money. > Blame the collective ownership of means of production, which in form of public companies have dominated the Western world for the last 30+ years. Can you unpack these two points? I don’t understand. It sounds like you’re saying “don’t blame the owners (because investors ARE owners); blame the owners”.
  - mamon 6y ago
    I think GP is arguing that public companies, which are often blamed for "shortcomings of capitalism" are in fact not capitalistic at all. "Collective ownership of means of production" was postulated by Karl Marx as one of the pillars of communism. Publicly traded companies allow shareholders to limit their risk - when things start to go wrong you sell your shares to a bigger fool, and it's not your problem anymore. Also, as shareholders are not personally responsible for wrongdoings of their companies it also limits the risk to the buyer. In short: publicly traded companies are enablers for moral hazard that we constantly observe in financial markets.
- dralley 6y ago
  ...What? Vision Fund isn't "public", and most of the companies they invest in aren't "public".
mekster 6y ago
Would anybody have bought ARM if SoftBank didn't back in 2017? I wonder if Nvidia had bought it at some point anyway.
- justaguy88 6y ago
  Did they have to be bought? Could have been a regular public company
  - deleted 6y ago
    [deleted]
ksec 6y ago
In that case you should be blaming WeWork.

willtim 6y ago

Well Brexit caused the pound to plummet and supposedly made ARM tempting. I find it ironic that the current UK Brexiteer government talk constantly about soveignty and control, yet were quite happy to allow this sale.

baybal2 6y ago

> You're blaming Nvidia. You should be blaming SoftBank and Masayoshi Son: bunch of fucking hucksters misleading people and making bad investments. You shouldn't be blaming bad investors. They pay for their decisions with their, or more often somebody's else, money. Blame the collective ownership of means of production, which in form of public companies have dominated the Western world for the last 30+ years. When people think of of selling their business, which is their life's work, as a raison d'etre, something is really messed up with the business culture in that person's coutnry.

hosh 6y ago
Have you, by chance, looked into any of Carol Sandford’s work?
- baybal2 6y ago
  No
jcelerier 6y ago
> When people think of of selling their business, which is their life's work That's a bit of a grandiloquent take on reasons that could lead one to start a business.
the_other 6y ago
> You shouldn't be blaming bad investors. They pay for their decisions with their, or more often somebody's else, money. > Blame the collective ownership of means of production, which in form of public companies have dominated the Western world for the last 30+ years. Can you unpack these two points? I don’t understand. It sounds like you’re saying “don’t blame the owners (because investors ARE owners); blame the owners”.
- mamon 6y ago
  I think GP is arguing that public companies, which are often blamed for "shortcomings of capitalism" are in fact not capitalistic at all. "Collective ownership of means of production" was postulated by Karl Marx as one of the pillars of communism. Publicly traded companies allow shareholders to limit their risk - when things start to go wrong you sell your shares to a bigger fool, and it's not your problem anymore. Also, as shareholders are not personally responsible for wrongdoings of their companies it also limits the risk to the buyer. In short: publicly traded companies are enablers for moral hazard that we constantly observe in financial markets.
dralley 6y ago
...What? Vision Fund isn't "public", and most of the companies they invest in aren't "public".

mekster 6y ago

Would anybody have bought ARM if SoftBank didn't back in 2017? I wonder if Nvidia had bought it at some point anyway.

justaguy88 6y ago
Did they have to be bought? Could have been a regular public company
- deleted 6y ago
  [deleted]

ksec 6y ago

In that case you should be blaming WeWork.