Charlie Munger Explains Why He's Buying Alibaba

In this video, Charlie Munger discusses Alibaba (BABA) stock. Charlie Munger purchased $37,491,000 of BABA stock through the Daily Journal Corporation in quarter 1. Fast forwarding throughout the year we’ve seen Alibaba continuing to downtrend which resulted in Charlie doubling down in quarter 3, by building his position up to near 45 million. 302,060 shares held and a weighted percent of 19.86%.

Charlie munger believes diversification is wildly overrated and only focuses when the value opportunity is blatantly obvious by buying good companies at good prices and holding for term and as of right now the daily journals portfolio value is over $225,224,000. With 5 active positions.

“Munger told us that the Daily Journal bought Alibaba stock with cash equivalents that would usually be invested in Treasury bills, but returns on bills are “now so low.” “unless its long-term prospects seem good,” Munger noted, “a common stock is not considered to be a good cash equivalent.” - Source: Barrons

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Charlie Munger Explains Why He's Buying Alibaba

#Alibaba #Baba #CharlieMunger

Legal Disclosure: I’m not a financial advisor. The information contained in this video is for entertainment purposes only. Before investing, please consult a licensed professional. Any stock purchases I show on video should not be considered “investment recommendations”. I shall not be held liable for any losses you may incur for investing and trading in the stock market in attempt to mirror what I do. Unless investments are FDIC insured, they may decline in value and/or disappear entirely. Please be careful!

Видео Charlie Munger Explains Why He's Buying Alibaba канала Jesse Trades