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The $20 million he decided to invest. A man I just met a few minutes ago. It turned into a profit of over $60 billion, but this same person also lost over $70 billion in the blink of an eye. So he still went ahead and placed his bet. The next million, he once said, will be chosen by time. Their investment isn't solely based on profit figures and they don't care about that.
Pan's heart is drawn to the beautiful paper business [song], but looking deeper... They go in the persona of the person who is asking for money, you know? What he was looking for was this man, Masayoshi-san, born in 1957 on the island of Kyushu, Japan. A struggling Korean-Thai family. The hardships that shaped him [the music] brought him an immense drive that he had to...
To prove himself to the world, at the age of 16 he decided to fly solo to California because... I believe the future of the world lies in technology. He studied like crazy and skipped a grade. You can study until you pass the university entrance exam faster. Classmates from university Californian Bailey studied economics and set unusual goals for himself, saying he had to think.
Invent one new thing a day [song], and he actually did it, inventing a machine. Portable translation software with licenses sold for profit. The first sum of money in my life was around $1 million, and I even got... I brought an arcade game machine from Japan and set it up for my friend. The student gambled until he accumulated a huge amount of money in 1981.
[Song] He returned to Japan. To set up SoftBank back then, they only had two part-time employees; they even had to climb... Climb onto the fruit box and speak with water. He sounded serious, saying that one day [his company's song] would... " Sales reached trillions of yen," the employees heard. They were so surprised and started resigning immediately after the appointment.
He had n't been with the company long when he became seriously ill with a serious disease. He had to be hospitalized for almost 3 years. During that time, instead of giving up, he used his time... Read a thousand books and plan your strategies. In the long term, SoftBank had a 50-year head start. In the mid-1990s, they saw the future before anyone else and jumped in.
The capital in Yahoo! since its pioneering days, which led to the launch of Yahoo! Japan in Japan, taught them lessons. Importantly, the internet is about to change. [Song] The world, and if you want to win, you have to be the first to act. Until 2000, he met Jack Ma, who... Founded by a small startup from China, the conversation was very simple.
Within minutes, he decided to invest $20 million immediately, simply because he was impressed. In a unique look and confidence. This man's work, but in the same year, [the song] fabu.com crisis broke out, and global tech stocks plummeted. His personal fortunes plummeted by 99%, or nearly $70 billion, in a short period of time.
It's been a long time since someone who was once one of the richest people in the world returned. He fell so low that people thought he wouldn't survive, but others... He was never afraid. In 2006, he borrowed money to invest in buying Vodafone Japan for approximately $1.5 billion, and in 2013 he acquired another network.
The Springer in America, another $2.2 billion (20 billion), even though it makes Soft carry a mountain. He was deeply in debt, but he refused to stop, and then his day arrived in 2014 when Jack's Alabama came along. The New York Stock Exchange, where he had invested just 20 million dollars, soared to a value of over 60 billion dollars, becoming a One of the greatest gambles ever.
[Song] In 2016, the world's financial history was made in a shocking announcement that stunned the industry. Partnering with Saudi Arabia to establish the $100 billion Vision Fund, which is... The world's largest technology fund at the time. Then they started throwing billions of dollars into startups around the world, but it doesn't mean the bet is guaranteed.
Despite consistently winning, investments in startups like Bew or Uber faced significant challenges, coupled with... During the COVID-19 pandemic, when tech stocks plummeted, SoftBank suffered massive losses, leading to criticism. It was worse than taking a gamble that almost ruined the company. Take a step back, regroup, and sell some assets to reduce costs.
The debt was used to buy back shares in [the music] company and bring in a design firm. ARM, a top global chip company, enters the stock market. When the value of the steamed buns skyrocketed, he humbly admitted it. He learned a valuable lesson: don't get too rich. He went bankrupt again and has remained so until now.
We're betting big on the AI era again. The wealth of the country has once again risen back up to the top rankings. Despite questions being raised about whether AI is a bubble, Japan's leading billionaire remains the same gambler in the world. It's impossible to take your eyes off him, and here are three lessons Masayushi left us: 1.
Bet on people. You can tell who truly believes in what they're doing by looking into their eyes. Passion is more than just numbers on paper. 2. Think long-term [song]: plan your life 10 years in advance. 3. Dare to take big risks, but don't forget... Create a framework to prevent a single defeat from happening.
We're broke now, what about you if you meet someone... There's a look of confidence in your eyes; you dare to... I'm betting on him, just like Masayoshi used to.
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