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Huge risk taker or just a terrible investor?

Both.. I know nothing about this person but very possible he just got lucky on some really big investments but anything he tries to really do is shit.

Luck is such a huge factor sometimes...

I think his second big chance was Alibaba.

How do you reconcile calling some one bad at making money, when he is worth 26bn.

In all seriousness, luck is >85% of making big money.

I think in all likelihood, hes achieving his aim perfectly which is to generate huge management fees not huge investment returns.

Exactly. He's playing with Saudi's money. People are conflating managing your PA vs others'.

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