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95% of my entire fortune If you were in this situation, could you get back up ? Assets of $76 billion have shrunk to $3.2 billion in just two years . Not a single person in history has ever recorded a greater loss than this . However, this person did not collapse. On the contrary, he rose again and reclaimed the title of the richest person in Japan's industry .
A boy born into the third generation of Jeilgyo, raised amidst discrimination and poverty . A man who rose to the number one spot on the world's richest list, lost 95% of it, and is now racing towards the top again . Today at Trading Lab, we will be conducting an in-depth analysis of the life of SoftBank founder Masayo Son .
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In 1957, a child was born in a nameless wooden house on a black road in Kyushu, Japan. Mr. Masayo Yasumoto. This is the child who will one day become Masayo Son. His family were third-generation Korean residents in Japan. My grandfather, who came to Japan from Korea during the Japanese colonial period, worked in a coal mine and became a small farmer, while my father started a pachinko business with money saved from selling pigs .
One day, while returning home from kindergarten, Masa is hit by a stone thrown by Japanese children and bleeds. I found out for the first time that day. That he is not Japanese. Martha, now a middle school student, dreams of becoming a teacher, but she learns that this is impossible because she is a Korean expatriate.
At that time, there was a person who caught his eye . McDonald's Japan's founder Den Fujita. Masa impulsively took a plane to Tokyo and appeared in front of Fujita's office. There is no need for conversation either. Please continue with your work. I just want to see you for 3 minutes. Deeply moved, Hujaeta met Masa and left a single remark.
The computer industry is the future. And learn English. Martha decides to study abroad in the United States. One month after entering high school, he persuaded the principal to overcome two school ties [for music], and within a month, after graduating, he entered the University of Berkeley . He recorded business ideas for 5 minutes every day and created 250 in a year, and he chose the talking word translator as the item with the highest business potential.
Vasa, who developed a prototype after persuading a Berkeley professor, sells this patent to the Japanese electronics company Sharp for $1 million. It was when I was still a college student. After graduating in 1980, Masa returned to Japan and founded the software distribution company SoftBank . In just two years, it grew from a three-person salt venture into Japan's top software distribution company, and Jigusu 1 recorded a 75% market share.
However, a cost- conscious diagnosis comes along. The doctor said. Martha did not stop even in the hospital room, saying that she would only live for one to five years . I developed a device wearing a patient gown and sold the patent. Four years later, after being declared fully recovered, he abandons a bigger game.
In 1994, as SoftBank went public, the assets of 36-year-old Masai exceeded $2 billion . And then we end up making two historic bets . The first is Yahoo. Martha, who invested in the early Yahoo created by Stanford graduate students, co-founded Yahoo Japan and made a profit of $100 million after the IPO .
The second is Alibaba. In 1999, after listening to a 6-minute presentation, Martha makes a decision. This investment, in which Alibaba House acquired a 30% stake of $20 million, is worth $70 billion following the 2014 IPO. In 2020, grows to $2,100 . In March 2000, Martha surpassed Bill Gates to become the world's number one .
And three days later, all bubbles burst. The Nasdaq index plummeted 25% in just one month, and SoftBank's stock price plunged nearly 99% over two years. Martha's assets, which were $76 billion, decreased by $3.2 billion. It was the reality of the largest private assets in history. The world mocked him as a failure.
However, Martha disappeared without a trace and prepared for the next round . It was a communication about him. Japan's Chamwi acquired the mobile carrier Mudang Pad for $17 billion and changed its name to Sword Bank Mobile. And the promise I made to my longtime friend Steve Jobs faded . You are responsible too, since you gambled $17.7 billion .
He said he couldn't eat. You're a real lunatic. okay . In 2008, SoftBank won the exclusive sales rights for the iPhone. In 2016, Asa took another big bet. They acquired ARM, which holds 95% of the global smartphone chip market, for the entire $32 billion . It reminds me of the $100 million church vision fund that promoted the Middle East .
However, a crisis came again this time . WeWork, the Vision Fund's largest investor, collapsed despite its strong IP, and SoftBank lost $9.5 billion . SoftBank's stock price plummeted by nearly 50% due to the COVID-19 pandemic . We are announcing a record-breaking annual loss of $12.5 billion in 2020.
Masan makes a declaration at the earnings announcement . Going forward, we will not announce performance results or strategies. And so, Basan disappears from the public eye . But he had n't disappeared. The AI era opened with the emergence of GPT, and at its center was ARM, the company that Martha acquired for $32 billion .
Previously, ARM was symbolized on the Nasdaq in the summer of the 13th. Apple , Intel, and Samsung have submitted bids, and ARM's enterprise value is expected to be better at $140 billion in early 2024. SoftBank, which owns 90% of ARM, took off. Martha announced an $1.1 billion investment from OpenAI and, together with Sam Olmari Elisin, founded the AI joint venture Stite, seeking a $500 billion investment .
Sleep, born in a patient's home, is still continuing the betting that has changed the world . Trading notes three things in Masayoshi Son's account . Tanking is better than the first timing . [Clears throat] What Masa got right wasn't the precise timing, but the overall flow. He is the first person to see Jeonghwan of the PC, Internet, and Mobile A Paradigm .
The second is the ability to endure reality. I experienced the reality of minus 95% twice, but I held onto my position. It took 15 years for Alibaba to form a coalition. Third, leverage is a double-edged sword. A strategy utilizing massive debt creates geniuses in a bull market but drives people to the brink of bankruptcy in a bear market.
In today's training, we looked at how Mr. Son Masal has maintained his position as the world's best investor despite repeated failures. In the next video, I will discuss the structure of the Vision Fund and the implications of SoftBank's investment approach for individual investors . If you found this video helpful, please subscribe and like, and leave any questions in the comments. It was trading.
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