Comment by YetAnotherNick
3 hours 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...
> 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
Thank you - this is an insighful comment, in contrast to many knee-jerk reactions in this thread.