Comment by YetAnotherNick

3 months ago

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...

21 comments

YetAnotherNick

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defen  3 months ago

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.

lenerdenator  3 months ago

> 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.

  • toomuchtodo  3 months ago

    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

    • EFreethought  3 months ago

      Son made most of his money with Alibaba. I think he made 500x or 1,000x his original investment. Absolutely crazy.

      Almost everything he has done since then has lost money. When I read that he is investing in something, I just assume it will end badly.

      12 replies →

    • lenerdenator  3 months ago

      > It is hard not to love the degeneracy of Son Masayoshi as a gambler. The trick is to not take it seriously.

      Therein lies the problem. People do take it seriously, particularly on the idea that he's now due, and keep feeding him money to make these bets with, instead of tossing him out of the boardroom, like he should have been with his bet on WeWork.