Its always been about quality....
When to governments keep on giving away money it hard to lose. But when the printing presses stop the money heads for quality.
SoftBank lost a lot of money over the past 12 months. The Japanese giant's founder and CEO Masayoshi Son today told analysts on a conference call marking the end of its fiscal 2022 year that the SoftBank group as a whole lost $13.15 billion. Its two Vision Funds, which account for 50 percent of SoftBank's net asset value, …
The only business that actually has substantial value, apart from the other techy startups the SoftBank Group has invested of which many of them haven't even reached the summit of the burning phase, and generate cash flow from outside Japan now carries meaning more than as a mere investment portfolio.
They're not going to surrender their shares in ARM so easily from now on as it became the girder of the fragile bloated group. Mismanagement will continue. Such a great misfortune for the semiconductor industry.
There are a lot of bunglers in the finance world. The City of London is full of them. They effectively gamble with other people's money. When they succeed it's celebrations all round, when they fail they say it's the market which is doing badly rather than them.
It's a humungous amount of money to lose. I wonder where it all went.