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To: John Pitera who wrote (74)9/27/2017 9:33:10 PM
From: Glenn Petersen  Respond to of 5485
 
The formation of the Vision Fund by Masayoshi Son is either a sign of a market top or an act of genius. Mr. Son has been down this road before.

As the dot.com bubble burst, he reportedly lost $70 billion in one day. He admits that 99% of his net worth was wiped out in 2000

Message 31282818



To: John Pitera who wrote (74)10/11/2017 9:00:36 PM
From: Glenn Petersen  Read Replies (1) | Respond to of 5485
 
Softbank is selling at a deep discount to the value of the assets that it has accumulated:

The combined market value of the stakes in publicly listed companies that SoftBank holds has reached 19.2 trillion yen ($170.5 billion), a 90 percent premium to the Japanese technology conglomerate's own market capitalization.

Message 31298382

Unfortunately, a lot of these assets are illiquid and will be hard to monetize.

This was always a problem for the companies that spun out subsidiaries during the long-gone - but much mourned - Internet Bubble days.