All-In with Chamath, Jason, Sacks & Friedberg E91: SoftBank's $21B+ Vision Fund loss, signals of a bubble, macro picture, Trump raided by FBI
102 snips
Aug 13, 2022 The hosts dive into SoftBank's staggering losses and the lessons from its aggressive strategies. They dissect signs of a market bubble and emphasize valuing business fundamentals over trends. Economic challenges like inflation and rising interest rates stir skepticism about current indicators. A heated debate arises over the FBI raid on Trump, questioning motives and public trust in institutions. All this sparks reflections on societal unrest amid political and economic turbulence.
AI Snips
Chapters
Transcript
Episode notes
Masa's Historical Analogy
- Masayoshi Son invoked Tokugawa Ieyasu, who faced a larger army and lost.
- He used this anecdote to explain SoftBank's recent losses.
Masa's Reflection
- Masayoshi Son admitted to becoming "somewhat delirious" during profitable times and expressed remorse.
- He acknowledged SoftBank's significant losses and the need for cost-cutting.
Vision Fund's Impact & Masa's Resilience
- SoftBank's $100B Vision Fund, exceeding its market cap, heavily influenced market highs.
- Chamath Palihapitiya respects Masayoshi Son's risk tolerance and resilience, highlighting his past successes like the Alibaba investment.