51–57 of 57 posts
Here's an example of his latest presentation slides: https://group.softbank/media/Project/sbg/sbg/pdf/ir/investor...
Goose value 0?
IE; It went from "ya know, this is actual a reasonable take to provide investors from a 70+ y/o CEO" to "Goose value 0?"
Earlier quoted context omitted.
It's like somebody winning the lottery once, constantly investing all of their money into more lottery tickets, and going "holy shit, look at how smart I am at picking lottery numbers; I've already won something four times!"
Given that the lottery has a typical expected value of -$1.00 per ticket you really should revise your opinion of how lucky/smart these people who repeatedly make tens of billions by pouring all their money into tickets are.
Here's an example of his latest presentation slides: https://group.softbank/media/Project/sbg/sbg/pdf/ir/investor...
I mean, he was pretty vindicated on Uber. Which kind of hurts me to say, I was a long time Uber bear. But it did indeed emerge from the pandemic stronger.
yeah I was a uber bear too, some how it has turned around I was betting on the taxi drivers revolting, but the capital markets have prevailed
Earlier quoted context omitted.
Lucky bets that paid off enough to cover thousands of bad investments.
That's the nature of most venture capital isn't it? Downside is capped, upside is uncapped, why not bet on as many companies as you can?
This seems as counter-intuitive as saying "superconductors have zero resistance". It makes people think you meant to say "nearly zero resistance" or "approaches zero resistance".
But both cases are true - the power law distribution really does tell us that the expected return is actually infinite and superconductors really do have zero resistance (up to the critical current limit).