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Strategies & Market Trends : Gorilla Game Investing in the eWorld -- Ignore unavailable to you. Want to Upgrade?

To: gdichaz who wrote (525)	10/31/1999 9:05:00 PM
From: DlphcOracl	Read Replies (1) \| Respond to of 1817

gdichaz: I think the advantages of the keiratsu approach that CMGI and SFE like to boast about are greatly exaggerated and SFTBF's relative lack of "nurturing" of their companies doesn't bother me in the slightest. I feel it is far more important to: (1) select and invest in companies with a unique product or technology that is not easily duplicated, and (2) invest in companies with aggressive and astute management. The latter is far more important than keiratsu. Softbank has excelled at buying into the right internet startups and, more importantly, has its tentacles in many other areas (telecom, interactive TV). It has also forged powerful alliances with companies in the US such as Microsoft. I still think it will outperform SFE, CMGI, and ICGE over the next 1-2 years without the hypervolatility these companies exhibit. Case in point: during the sharp internet correction between April through August, Softbank's stock tripled, going from 100 to 300.