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With a net worth of tens of billions, will you regret it because you earn more than 100 million less? The answer is inevitable, after all, rich people are generally misers, and they are strict with every investment, but unfortunately, the capital market is cruel and ruthless, and there must be losses and wins in investment.
On June 21, when Japan's richest man Masayoshi Son attended the shareholders' meeting of SoftBank Group, he publicly admitted that he made a major mistake in Nvidia investment - selling Nvidia shares prematurely and missing a return of 150 billion US dollars (about 10,800 trillion yuan), which is almost the extent of beating the bed in the middle of the night!
When it comes to Masayoshi Son, a legend in the world of technology investment, many netizens know him because of his huge investment in Alibaba, and due to the huge success, many investors are looking forward to his next move.
However, in May 2024, while selling Alibaba shares, SoftBank Group announced its next move to ARM, a British chip design company!
Son's "Repentance"
In fact, when Nvidia was on a par with Microsoft and Apple, Son's popularity was not yet high.
Son first rose to prominence in 1996 with a desperate $3.1 billion stake in Yahoo, and a few months later, another $100 million to buy a 33% stake.
After all the equipment was completed, Son ran Yahoo Japan into Toying, and won a big victory, making a profit in the first year.
After that, in October 1999, Alibaba invested $20 million in operations, and in 2020, it was impossible to imagine how much profit was made during the purchase and sale.
However, after that, Son's two major actions after him were full of controversy, one is Nvidia, which is showing off its might, and the other is OpenAI, which is immeasurable in the direction of artificial intelligence.
The two decision-making sheets were both "Wang Bang", but for various reasons, Masayoshi Son overturned halfway!
Regarding the specific situation of Son's missing out on Nvidia shares, it originated in 2019;
At that time, under the decision of SoftBank Group Masayoshi Son, he sold 4.9% of Nvidia's shares, and only received a return of $3.3 billion;
Who would have thought that since the development of NVIDIA in 2019, it has been at the forefront of the times in the direction of GPU, AI computing, autonomous driving, etc., not only the cooperative brands have jumped to Volkswagen, BYD, Xiaomi and other big-name car companies, but their stock prices have also continued to rise;
Since driving has made a lot of money, NVIDIA's "AI computing" is also advancing by leaps and bounds, among which the world's well-known "ChatGPT" has directly made NVIDIA's stock price skyrocket!
The rise is so rapid that it has even surpassed Tesla, Amazon, etc., and has become the third largest company in the United States, with only Microsoft and Apple left in front of it.
But how red Nvidia's stock is, Son is as red as he sees it...... After all, if he hadn't sold off prematurely back then, the valuation would have been around $160 billion, based on his holdings;
In other words, Son missed out on at least $150 billion in "potential gains";
Including in the direction of artificial intelligence, due to the operational problems within the SoftBank Group, in order to keep the company running, Son also moved the idea of continuing to sell the chip design company ARM - and the buyer at that time was also Nvidia.
Originally, this transaction was about to be completed, but when the final process step was taken, an "anti-monopoly" suddenly appeared in the sky, which made this sure deal fall through.
Masayoshi Son should be extremely grateful for the "anti-monopoly", after all, now that artificial intelligence benefits the world, ARM, as Son's "trump card", has soared all the way after going public last year, and has undoubtedly become a leader in the industry.
And the SoftBank Group, which owns about 90% of ARM's shares, Son is of course full of money.
However, even the top investors may miss out in the face of complex market changes and technological developments in the capital market.
For example, Masayoshi Son once intended to invest in OpenAI, but because Microsoft also threw an olive branch to OpenAI, Masayoshi Son naturally became the party that was abandoned.
AI's "plate" is very large, Microsoft's network card direction, OpenAI's AI chip direction, ARM's AI semiconductor direction, etc., each is doing its best to run in the front row of this train, in their opinion, NVIDIA's lead is only temporary, and the end game will definitely be a hundred flowers.
"A Hundred Flowers Bloom"
The road of the bigwig's business legend is always full of ups and downs, and no one can always be looked up to by people, and Son Masayoshi lowered his head and admitted that he was wrong to "sell Nvidia", in fact, in order to move forward better.
In fact, from another point of view, although Masayoshi Son sold it prematurely, he bought Nvidia and ARM a long time ago, so why not be another way to stand at the forefront of the times?
In any case, business wisdom is endless, it is a process that requires endless exploration, how to rise in the capital market with strong uncertainty and high risk, the bigwigs must continue to learn, try and surpass!
Information sources:
Securities Times 2024-06-23 Earn $150 billion less! Masayoshi Son: I regret selling Nvidia stock