LONDON, Feb 7 (Reuters Breakingviews) - Warren Buffett once advised investors to be fearful when others are greedy and greedy when others are fearful.
In other words, Son and his dealmakers spent big when valuations were unsustainably high and then retreated as prices slumped.
SoftBank’s family of startup-investing vehicles, including the two Vision Funds and a Latin America-focused one, have clocked up $6.6 billion of cumulative losses on their investments since 2017.
In other words, Son is out of ammunition just when it would be the most useful.
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