SoftBank founder and chair Masayoshi Son is the master of the endearing turn of phrase, as well as being pretty good at his day job of visionary investor.
“Peaches and chestnuts take three years and persimmons take eight years, even fruit takes that long,” he said, recalling a Japanese proverb for investors at the tech conglomerate’s annual meeting on Friday. “I’m confident if you wait five to 10 years, there will be something delicious.”
He was referring to the need to take the long view after the hit to the company’s investments and share priced over the past year.
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