Yesterday I saw a video in which Huang Renxun and Son Masayoshi gave a speech together. Huang Renxun reviewed a series of amazing deeds that Son Masayoshi had created in the history of Internet development:

- Masayoshi Son brought Bill Gates to Japan

- Masayoshi Son brought (Yahoo founder) Jerry Yang to Japan

- Masayoshi Son helped Alibaba achieve success in China

- Masayoshi Son brought Steve Jobs to Japan

These four deeds span the four stages of the development of contemporary information technology: software, Internet, e-commerce and mobile.

Huang Renxun summarized this series of deeds as follows:

Masayoshi Son is the only entrepreneur in the world who has found the winners at every stage of this era and cooperated with them.

What is even more amazing is that about 10 years ago, Masayoshi Son bought Nvidia shares in the secondary market and was once Nvidia's largest shareholder.

At that time, Masayoshi Son approached Huang privately and said to him:

The market does not understand the value of Nvidia, and Nvidia's future is limitless. You should buy all of Nvidia's shares, and I can lend you money to buy the shares.

Son also said:

Nvidia will have to suffer for a while because it is creating the future.

Unfortunately, Masayoshi Son sold all of his Nvidia shares in 2019.

Throughout the speech, there was a scene that made people sigh:

When Huang Renxun mentioned that Masayoshi Son was once the largest shareholder of Nvidia, the genius, whose hair was now gray but whose spirit was still vigorous, lowered his head and hugged Huang Renxun tightly, and then laughter broke out, echoing throughout the audience.

Was the laughter filled with embarrassment or regret?

Is it the regret of missing out on history? Or is it the helplessness of the fleeting opportunity?

I'm afraid only Masayoshi Son himself can understand the true feelings.

However, the more mixed the feelings are, the more one can see the epoch-making greatness of such an investor.

A great investor does not mean that he never makes mistakes in investment, but that he can always create investment miracles continuously, and any investment miracle he creates is enough to glorify his life in the eyes of his peers.

In addition to his extraordinary thinking, there is another reason why Masayoshi Son can create these miracles that I think is very important:

That is, when he invests, he never just looks at the money, but at the entrepreneurs behind the project and imagines their future.

Masayoshi Son invests in cutting-edge technology industries, which is very different from traditional industry investments: cutting-edge technology industries invest in the future -- future industries and future models.

These industries and models either do not exist in modern society or are still in the very early experimental stages and may be falsified and reset to zero at any time.

Therefore, investing in such projects involves great risks.

Nvidia was listed in 1999, and Masayoshi Son bought Nvidia shares on the secondary market in 2014, more than 10 years after Nvidia went public.

In fact, Nvidia's explosive growth has only occurred in recent years due to the explosion of artificial intelligence.

In 2014, Nvidia's performance was far less impressive than it is today.

I don't know why Masayoshi Son said that the market didn't understand Nvidia's value at that time. Did he see Nvidia's potential in cloud computing or did he really see Nvidia's potential in artificial intelligence?

In short, to be able to see through such a project requires imagination, creativity and patience, as well as a bit of extra passion and innocence.

An investor whose mind is only focused on money can only see the material benefits and the money that is right in front of him, but cannot see the metaphysical grand plan, cannot see into the distance through the present, and cannot see the light through the darkness.

The reason why Huang Renxun spoke on the same stage with Masayoshi Son was because Huang Renxun attended Nvidia's Japan Summit and was invited by Masayoshi Son to jointly promote the development of artificial intelligence in Japan.

The prosperity of capitalism has not only created countless amazing technologies, but also created countless great companies and countless great entrepreneurs.

In my opinion, this is the greatest practical achievement of mankind's industrial revolution in the past few hundred years.

Although our country does not yet have an entrepreneur like Masayoshi Son, a large number of outstanding entrepreneurs have emerged in our country over the decades of reform and opening up.

However, times have changed and I hope the former splendor can be seen again on this land.