Comment by disgruntledphd2
3 months ago
> They probably know more than us. Such as alternative chips or that the Chinese will go in-house sooner than we think. Nvidia’s moat is not as permanent as people think.
This is Softbank though, they're not really noted for great investment decisions (apart from Alibaba really early on).
Like, my prior is that when Softbank invest in something, the growth is done (but then I am, very much, a cynic).
Softbank had 5% of Nvidia stock just before gen AI boom. Then they sold it when it was at its lowest. If they didn't it would have covered all their losses many times over with a profit of more than 200 billion dollars.
It's just baffling they are still getting billions to spend.
[1]: https://www.wsj.com/articles/softbank-sells-entire-nvidia-st...
I'm not sad for Softbank missing out on $200 billion; I'm sad for not getting to witness how much more investment degeneracy that could have funded.
> It's just baffling they are still getting billions to spend.
When you realize that most investors at that level are degenerate gamblers, and that they're even worse about thinking "the Generals were due!" than your buddy who can't look away from the DraftKings app for more than five minutes, it's not so baffling anymore. The only difference is that when you have that much money, you own the casino.
It is hard not to love the degeneracy of Son Masayoshi as a gambler. The trick is to not take it seriously.
https://en.wikipedia.org/wiki/Archegos_Capital_Management
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I had 250 shares I bought on a tip and sold for a decent profit then NVDA moon-shotted later that year. That's the story of my stock buying life right there.
I doubled my bitcoin profit and got out at $1,000!
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Thank you - this is an insighful comment, in contrast to many knee-jerk reactions in this thread.
Broken clock is right twice a day.