Masayoshi Son founded and runs mobile telecom and investment giant SoftBank Group
Masayoshi Son , one of the most powerful investors in the world, founder and CEO of the Japanese conglomerate SoftBank , has explained the great sale of assets that he has carried out throughout 2019 because he has prepared for “the worst scenario” .
” In the short term I am a pessimist “, Son has sentenced when asked during a virtual conference organized by The New York Times. “The second wave of the coronavirus is already here, and although there are vaccines in development and treatments, no one knows what may happen in the next two or three months, ” he added.
For Masayoshi Son, ” any disaster can happen, so we are preparing for the worst case scenario .” In his opinion, before Covid-19 vaccines are fully approved and mass distributed, ” some big company can go bankrupt and cause a domino effect .”
Son has recalled “the fall of Lehman Brothers , which caused an earthquake in the global banking sector and a crash in the stock markets. So anything can happen in this type of situation .”
Although he acknowledged that the flow of news about vaccines has improved sentiment in recent days, he reiterated that “I still want to be prepared for the worst case scenario . “
Among its largest asset sales made in 2019, SoftBank has sold semiconductor company ARM to Nvidia for $ 40 billion . In addition, it has sold its stake in T-Mobile after merging it with Sprint for another 20,000 million dollars.
Thus, its strategy is to take advantage of these funds to buy undervalued assets and prop up the investments of Vision Fund , the technology fund that controls relevant stakes in more than 80 technology companies , among which are the American ‘big tech’ .
Nor has they ruled out continuing to buy back SoftBank shares , as it has done in recent months to take advantage of its stock market crash.