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> Huge losses at SoftBank’s flagship Vision Funds will force the company to begin “dramatic” cost-cutting after plunging technology valuations and a weak yen dr

> Huge losses at SoftBank’s flagship Vision Funds will force the company to begin “dramatic” cost-cutting after plunging technology valuations and a weak yen drove Masayoshi Son’s embattled conglomerate into a record ¥3.1tn ($23bn) quarterly net loss. > In a press conference that Son himself described as “depressing”, he admitted that his famously aggressive global investment strategy should have been more selective, adding: “I am ashamed of myself for being so elated by big profits in the past.”

metadat 4y ago
I am surprised by and appreciate Son's public humility. Seems quite rare for any billionaire to publicly admit they got greedy and express remorse or regret. Anyone know what is different about him?
- kn0where 4y ago
  Japanese vs western business culture?
- otikik 4y ago
  His dealer gave him the Bad Stuff instead of the Good Stuff.
- rasz 4y ago
  His other option was breaking into "oops I did it again" song. $75 billion there, $25 billion here, who is counting.