Gavin Baker
+ Your AuthorsArchive @GavinSBaker Managing Partner & CIO, Atreides Management LP. Formerly Fidelity OTC Fund. No investment advice, views my own. gavin-s-baker.com/ Sep. 05, 2020 1 min read

1) Truth is stranger than fiction.

While the Vision Fund systematically overpaid in their venture investing, they at least generally owned preferred stock.

Now they are ripping calls at all time highs for these stocks.

Go big or go home.

 https://www.ft.com/content/75587aa6-1f1f-4e9d-b334-3ff866753fa2 

2) Some of these stocks have literally *never* been more expensive.

Will never forget having a handshake deal with a CEO at a $300m valuation only to have Masa offer to invest at $2 billion a few weeks later.

3) Despite all this, I still respect the 1000x in AliBaba along with Yahoo Japan and the early bet on the iPhone.

No one should think of any of those decisions as “lucky.”

Also love “I’m not a bonus and salary guy” from the WSJ article.

 https://www.wsj.com/articles/softbanks-bet-on-tech-giants-fueled-powerful-market-rally-11599232205?mod=hp_lead_pos2 


You can follow @GavinSBaker.



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