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Softbank acquired 4.9% of Nvidia for $4B in May 2017. They sold it in February 2019 for $3.6B (according to this https://www.cnbc.com/2019/02/06/softbank-vision
by TomVDB 6y ago
Softbank acquired 4.9% of Nvidia for $4B in May 2017. They sold it in February 2019 for $3.6B (according to this https://www.cnbc.com/2019/02/06/softbank-vision-fund-sells-nvidia-stake.html https://www.cnbc.com/2019/02/06/softbank-vision-fund-sells-n...). Another hilarious example of Softbank's market timing expertise.
Compared to other investments, an ARM sale of $40B would be a home run...
- TylerE 6y agoI wonder what the return would be just taking the opposite position of everything Softbank does is...
- llsf 6y agoSure, compare to negative return, 14% in 4 years is nice. Still it is a return of 3.3% per year. Nice, but not great. I was relativizing the return. Clearly, during that 2016-2020 period, pretty much any major tech stock would have do way more than 14%. Clearly Softbank did not time it correctly.