Smallcap guru Shankar Sharma shares major investment tip after Masayoshi Son’s missed Amazon stake buy
After Softbank’s founder said that he missed picking up a considerable stake in e-commerce giant Amazon due to lack of money, ace smallcap investor Shankar Sharma noted that this is one of the major mistakes in the world of investing. “Rather than view investing as an all or nothing game, even if valuation is a tad higher, foot in the door works,” Shankar Sharma said in a tweet.
Shankar Sharma’s comments come after Masayoshi Son, widely known his early investment in China’s top e-commerce company, missed out picking up a stake in Jeff Bezos-run Amazon Inc due to a shortfall of just about $30 million. Interestingly, Masayoshi Son offered to pay $100 million for a 30% stake in the firm, while Amazon’s top boss Jeff Bezos was insistent on $130 million. Interestingly, Son thought the stock wasn’t worth it; he just didn’t have the money.