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SoftBank’s record losses should spur a vision check
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fnlondon.comSoftBank’s chief executive officer, Masayoshi Son, says he is embarrassed and remorseful after the company reported record losses. A little humility would help leaven SoftBank’s aggressive investment style and probably lift returns over the long run. But the odds are not necessarily in investors’ favor — next time markets bubble up again, Son’s brash style may resurface as well.
The Japanese technology investor on 8 August reported its biggest quarterly loss ever: $23.4bn for the three months ending in June. Investment losses...
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