Seems that SoftBank is basically the Standard Oil of ridesharing. And I mean that in the best way possible. http://www.bbc.com/news/business-43536322 …
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One of my favorite Rockefeller anecdotes is from the early days of his acquisition spree. “I drove from bank to bank, asking each president or cashier, whomever I could find first, to get ready for me all the funds he could possibly lay hands on.”pic.twitter.com/u2VZsfdrkH
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I can’t find it, but there’s a Buffett quote about the best business being the one that can effectively deploy ever-increasing amounts of capital. Hard to find a better example than Standard Oil. Will take time for ridesharing margins to get there, but could be next in line.
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Correct me if I'm wrong but this seems like a good strategy.
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It’s a great strategy if the margins eventually improve, which I think they will (especially since SoftBank’s dealmaking is reducing price pressure).
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