"The market was filled with people who don't understand the internet," he said in December 2000 as investors gaped at the blow they had taken. “They only have a passion for money,” Masayoshi lectured: “The market goes up and down. It is so. One does not decide to be a golfer just because the day is beautiful. If it rains, you are still a golfer. Masayoshi believed, almost mystically. And he didn't plan to stay in the flat lamenting the millions lost.
As far as Masayoshi is concerned, what specialists are wondering is whether we are facing a “tech bubble” or a “SoftBank bubble”. But perhaps it is worth asking about the amazing expansion that the private market had during the last 10 years, that is, the non-public, non-stock market. In the form of equity (portion of ownership over a company), private debt or risk Whatsapp Mobile Number List form of investment has exploded since the 2008 reset. According to The Economist, the market became polarized: «The growth of passive investments (in large companies or in index funds) made the environment less friendly for medium-sized or small companies».
What does this mean? That while Wall Street became increasingly efficient in valuing monsters like Apple or Facebook, the riskiest investments lost ground. At the same time, the (necessary) tightening of regulations to enter and remain on the stock market made investments in “less rigid” environments more attractive. That's where innovation gurus like Masayoshi come in, whose central promise is that at least one of the hundreds of revolutionary entrepreneurs he invests in is going to take a hit. But in 2018 he promised that WeWork was going to be the "next Alibaba." And, no, that is far from happening.