Silicon Valley is the founder of the hedge fund with Glen Drake & # 39 is bullish on Japan's SoftBank, and this is largely due to its founder and CEO, Masayoshi Son.
In fact, he said that the billionaire "as close as we get with Warren Buffett technology," said Drake, director of Light Street Capital Investments, based in Palo Alto, California.
SoftBank with & # 39 is the largest venture in the world, with a total cost estimated as high as $ 190 billion of net assets. Sleep focus of long-term investments in technology companies helped him to lead the $ 100 billion SoftBank Vision Fund, with a share of Uber, Nvidia, Flipkart, WeWork, OneWeb and more.
"This is the guy who bet on Bill Gates' early in his car & # 39; EASURES, made his first state he then put on Jerry Yang to help him to create … Yahoo Japan," Drake said Monday channel CNBC "Fast Money: time report. "
"Then he put on Steve Jobs, and this thing called the iPhone to it with the & # 39; appearance. Then again he doubled his fortune, "said Drake. "And then he put on [Alibaba co-founder] Jack Ma and tripled his fortune. This is a guy you can invest. "
Earlier this month, the son of David Faber told CNBC that the conglomerate Vision Foundation, founded in late 2016, has already invested about $ 70 billion of their money.
"Our return on investment is very, very good," the son said. "Thus, some people might say." Well, Massa, you paid too much, but still the value of our company is growing very quickly after our investment, "he said.
SoftBank with & # 39; is the largest state of Light Street Capital. Drake called it "one of the largest players in the market."
«SoftBank is trading at about 50% discount to the market value of the reserves," he said.
It is also not concerned by the fact that the company receives capital from sovereign wealth fund Saudi Arabia.
"They have a ton of equity," said Drake, adding that there are "many other sovereign wealth funds," which would have been happy to be a part of SoftBank and have a son, "one of the most serious investors in the world, which makes the investment for them" .
– CNBC Michael Sheetz and Fred Humbert contributed to this report.