Earlier quoted context omitted.
We tend to think investors love to chase clouds. These ideas have existed for a long time, and making them a reality - of course - isn't easy. I tend to believe an investor is looking at how good a company can sell the idea to consumers, even if the tech isn't there yet. The company tricks the consumer - not the investor. People buy the half-finished tech, the company appreciates in value, and the investor very likel…
>There are stupid investors out there, but they won't be investors for long. Softbank seemingly hasn't ran out of money, despite making about the worst investments anyone can have done. The people who don't last long are you or I, people who can put 10k max. The large investors have more money than sense, and can afford to do so. > The company tricks the consumer - not the investor. If I give you the money to commit…
Classic armchair expert. It’s amusing that when they made a fortune with Alibaba many people here dismissed it as luck, and yet when they lost money they became the worst investors ever.