Comment by 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.
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.
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.
Isn't that basically the venture capital model, though? Your winners go many times X, and the losers become worthless.
Mayoshi has made a lot of bets since Alibaba. Almost all of them have tanked. Over this amount of time and bets, he should have more winners.
1 reply →
At some point, a good VC would have a second winner.
And if that is the VC model, then are the VCs smarter than everybody else?
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> 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.