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> Yoshimitsu Goto, the tech conglomerate’s chief financial officer, said on Thursday that the company would not miss opportunities to invest in new technology s

> Yoshimitsu Goto, the tech conglomerate’s chief financial officer, said on Thursday that the company would not miss opportunities to invest in new technology such as ChatGPT, but cautioned that it was not ready to accelerate its deal activity. Apparently Saudi Crown Prince Mohammed bin Salman didn't read the classic essay: "Goto considered harmful" before making massive investments in SoftBank.

jsemrau 3y ago
My favourite conspiracy theory lately is that the Saudis needed to increase the oil price to recover losses from their VC investments.
- sremani 3y ago
  I am not sophisticated investor or commodities trader -- but I do not think Oil prices work that way. The problem for Saudis always has been whatever cuts to production they make were fulfilled by others who exceed the quota. There are many oil rich but cash desperate parties out there. It's much easy for Saudis to create a panic than delicately reach a target price. May be I am wrong, but experienced commodity traders can respond and correct me.
  - vxNsr 3y ago
    That’s why it was so helpful to them when Biden was elected, he immediately implemented policies that futures traders felt spelled decrease in supply both short and long term, that along w the war in Ukraine made for a very successful year.
    - prottog 3y ago
      And yet crude oil prices are now lower than they were prior to the breakout of the war in February 2022. Funny things, these markets!
      - vxNsr 3y ago
        Crude of course isn’t the whole story. Gas in my region is again over $4/gal
- MisterBastahrd 3y ago
  What better way to do that than to pay a couple hundred million a year to each washed up soccer player they can recruit to play in the desert?
- lotsofpulp 3y ago
  And like most conspiracy theories, it makes no sense. As if businesses choose to sell at a lower price than they could be selling at, and then switch to selling at a higher price if they feel like earning more money. Especially with a fungible commodity like oil.
NotYourLawyer 3y ago
He was probably thinking of Goto Dengo, who would have been a great investment.

jsemrau 3y ago

My favourite conspiracy theory lately is that the Saudis needed to increase the oil price to recover losses from their VC investments.

sremani 3y ago
I am not sophisticated investor or commodities trader -- but I do not think Oil prices work that way. The problem for Saudis always has been whatever cuts to production they make were fulfilled by others who exceed the quota. There are many oil rich but cash desperate parties out there. It's much easy for Saudis to create a panic than delicately reach a target price. May be I am wrong, but experienced commodity traders can respond and correct me.
- vxNsr 3y ago
  That’s why it was so helpful to them when Biden was elected, he immediately implemented policies that futures traders felt spelled decrease in supply both short and long term, that along w the war in Ukraine made for a very successful year.
  - prottog 3y ago
    And yet crude oil prices are now lower than they were prior to the breakout of the war in February 2022. Funny things, these markets!
    - vxNsr 3y ago
      Crude of course isn’t the whole story. Gas in my region is again over $4/gal
MisterBastahrd 3y ago
What better way to do that than to pay a couple hundred million a year to each washed up soccer player they can recruit to play in the desert?
lotsofpulp 3y ago
And like most conspiracy theories, it makes no sense. As if businesses choose to sell at a lower price than they could be selling at, and then switch to selling at a higher price if they feel like earning more money. Especially with a fungible commodity like oil.

NotYourLawyer 3y ago

He was probably thinking of Goto Dengo, who would have been a great investment.