Masayoshi Son, serial investor, serial looser?
Masatoshi Son is a man of two halves, for those eagle eyed readers among us, yes his name is part Korean, part Japanese, and it becomes more interesting.
Many people in the west have not heard of Masatoshi Son before, and it may come as a surprise that he is infact the second richest person in Japan, dubbed the East's answer to
Bill Gates. Not because he can jump over a chair without a run up, but because he is, infact a serial investor with a extensive track record of what on the face of it looks like wild gambling that often reaches disgustingly lucky heights. But is it luck or the intuitive mind that has allowed Masayoshi Son to attain lofty billionairdom,
Early Life
Son was sent to the United States as a teen to learn English and study, it is reported he spent the vast majority of his time making money opposed to more conventional classroom learning. His first business was to import and lees pacman machines to bars and cafe's in California. Son began to
rise when he struck up a deal with Forrest Mozer who invented the first ever rudimentary speech synthesizer in the early 1970's.
Fast forward to present day, Son's multiple investments have seen him bamboozle market analylists the world over. He is zealous, eager and above all visionary in his procurement and buying power. However, recently, Son has been setting in the land of the rising sun.
Masayoshi Son before he purchased spec savers
Present Day
After his acquisition of Softbank, of which Masayoshi is CEO he introduced with the iPhone to Japan, no mean feat, he also purchased Vodafone, a mean feat. It seems Masayoshi knows full well the cycle of investment. Take for example Softbank's acquisition of Sprint last year. Sprint's share price rose by a smug 14% whereas SoftBank's share dropped to a staggering 17% in a single day. Horrific news indeed, considering that Groupon's CEO just committed economical harikiri for a 77% share drop, Masayoshi should have at least removed a digit or two, no? Well, infact no.
SoftBank eventually recovered, however their bounceback-ability is henceforth limited. MAsayoshi's purchase of Vodafone has sent the company reeling into a spiral which it has not fully recovered from. Although there are signs that Masayoshi has no plans in losing further. Rather, it seems Son's dream of SoftBank dominating the market place are receiving much attention. In 2010 Son furthered his plan for world dominance, all be it posthumously.
"A Person's life is over in 50 - 100 years, but a company lives on through the people it is composed of and SoftBank group has to survive even after I'm gone."
Strong words for a man who lost $70 billion, it seems Masayoshi is indeed the CEO that everyone would like to have, shrewd and modest, ethical and honest.
As a demonstration of Son's humanitarian spirit he has agreed to cover the living costs of a few residents of Tamura, which is one of the cities hardest hit by the Japanese Tsunami. By a few residents we mean 1,200 residents, he also pledge to give those left orphaned by the Tsunami a free phone with all bills paid for until the age of 18.
Indeed it has never been so true that one man's loss is another's gained.
Thank you for reading and we hope you enjoy the weekend.
Regards,
Professor Participant