👉 Background: Despite the name, SoftBank isn’t actually a bank, it’s an investment firm based in Japan with over $100bn in capital. It has invested a lotin Silicon Valley over the years and had a lotta success.

👉 What happened: SoftBank has been a major investor in some famous and infamous tech companies. Think: Uber, WeWork, Alibaba, Doordash, Klarna and the list goes on. In May 2021, SoftBank was celebrating the biggest profit in the history of a Japanese company (~$46bn USD FYI).

👉 What else: But oh how times have changed. SoftBank just lost $33 billion bucks in one quarter thanks to the so-called 'tech wreck'. Now CEO Masayoshi Son has come out with a public apology, saying he’s embarrassed.

What's the key learning?

💡 Every investor takes a different path on their journey to achieving financial success. It depends on a few factors like the investor's:

• expected return
• risk appetite
• time horizon (ie how long they plan to hold the investments).

💡Take Warren Buffett - he’s known as a value investor. That means he loves to snag a bargain, so he mainly stayed on the sidelines while the share market was running hot during COVID.

💡Masayoshi Son and SoftBank favour growth investing, so they went all in during COVID. And what goes up... often comes down.