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The founder of Silicon Valley hedge funds, Glen Kacher, is optimistic about the Japanese company SoftBank, largely thanks to its founder and CEO, Masayoshi Son.
In fact, he said the billionaire "is as close as having a Warren Buffett technology," said Kacher, chief investment officer of Light Street Capital, based in Palo Alto, California.
SoftBank is the largest venture capital company in the world, with an estimated net worth of $ 190 billion. Son's focus on long-term investments in technology companies has helped him run the $ 100 billion SoftBank Vision Fund, with holdings in Uber, Nvidia, Flipkart, WeWork, OneWeb and more.
"It's a guy who bet on Bill Gates at the beginning of his career, made his first fortune, and then bet on Jerry Yang to help him create … Yahoo Japan," Kacher said Monday on "Fast Money: Halftime Report "on CNBC.
"Then he bet on Steve Jobs and on this device called iPhone before it exists, and then he doubled his fortune again," Kacher said. "And then he's betting on [Alibaba co-founder] Jack Ma and tripled his fortune. That's the guy with whom you can invest. "
Earlier this month, Son told CNBC's David Faber that the conglomerate's Vision Fund, created in late 2016, had already invested about $ 70 billion of its funds.
"Our return on investment is very, very good," said Son. "So, some people can say," Well, Masa, you paid too much. "Nevertheless, the value of our business is increasing very rapidly after our investment," he said.
SoftBank is the largest position of Light Street Capital. Kash called it "one of the biggest players in the market".
"SoftBank is trading at a discount of about 50% compared to the market value of its holdings," he said.
He is not worried that the company is drawing capital from Saudi Arabia's sovereign wealth fund.
"They have tons of their own capital," said Kacher, adding that there were "many other sovereign wealth funds" that would be happy to be part of SoftBank and have her, " one of the most dynamic investors in the world, making investments "for them."
– Michael Sheetz and Fred Imbert of CNBC contributed to this report.
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