Comment by lenerdenator
2 hours 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.
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
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.