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For Masayoshi Son, founder and CEO of SoftBank, short-term profits and costs were negligible. In his perspective, there was only the future that mattered. In his boundless quest of acquisitions, he would spend billions acquiring hundreds of companies across various companies, often vastly overpaying when he saw any potential. In 2000, this strategy would make him the richest man in the world — propelled by inflated valuation of his stocks during the dotcom bubble — for three days, after which he would lose 98% of his net worth. How sound was this strategy, and were the gambles he made truly a worthwhile one?
Read part one of Son's story, from Lionel Barber's "Gambling Man", here:

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