2 ms·
Umm I don't know seems like a lot of words for someone / something that got lucky. I am only familiar with Flipkart where Tiger global invested billions and it
by geodel 5y ago
Umm I don't know seems like a lot of words for someone / something that got lucky. I am only familiar with Flipkart where Tiger global invested billions and it would have turned into humongous piece of turd. To think about it everyone was losing patience with Flipkart loses including proven "investment genius" Masayoshi Son. If that Flipkart investment sank billions, Tiger Global would never have recovered. But Indian governments protectionist policy of not allowing Walmart to settle previously. And then later on suddenly allowing to Walmart to take majority stake in India's "crown jewel" Flipkart. For those who know India it was a kind of "License fee" for Walmart to operate in India.
Flipkart owners were absolute crybabies when losing money and market share. They claimed it is another case of enslaving India by foreign companies like East India company hundreds of years back. Later on they forgot all nationalism and quite happy sold majority to Walmart.
I am sure with enough time and effort one can find many more of these kind of investments from Tiger Global. All this talk of outsourcing work to external consultants seems straight from people who would not know head from their ass.
So even after spectacular failure of Son's Global Fund people feel this kind of cultish hype about investors work.