Charlie munger alibaba - Charlie Munger Dumped Alibaba, but Analysts Are Still Bullish

Charlie Munger Dumped Alibaba, but Analysts Are Still Bullish

Alibaba Cloud has a 37% market share in mainland China.

Many investors look upon Munger as an influential investor and take heed in the things he say and do.

In buying Alibaba, investors need to have confidence the current regulatory campaign will eventually stop or moderate, and that Alibaba will still be able to function as a relatively normal profit-making company -- albeit with more regulations.

It begins with our preferred stock and then we look around for validation of our choice.

The decision was probably the work of Charlie Munger, Warren Buffett's partner and Berkshire Hathaway 0.

Munger has been buying more BABA shares for the securities portfolio of DJCO.

Description: Even the delisting issue is not much of an issue, since it would likely trade on a foreign exchange.

Views: 6778 Date: 26.08.2022 Favorited: 177 favorites
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On the date of publication, Ian Cooper did not have either directly or indirectly any positions in the securities mentioned in this article.
Daily Journal ticker: DJCO sold 302,060 Alibaba BABA American depositary receipts in the first quarter to reduce its investment to 300,000 ADRs, according to a form it filed with the Securities and Exchange Commission.

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    Munger, who turned 98 on New Year's Day, has bet even more on Alibaba as its stock continues to fall due to concerns about a crackdown on big tech firms from Beijing as well as worries about .
    By: DogWithDice|||||||||
    Charlie Munger, the 97-year old vice chairman of Warren Buffett’s Berkshire Hathaway (BRKB), has long been bullish on China’s economy. Now, Munger is putting more of his own firm’s money into one .
    By: BeepBoe|||||||||
    Munger’s “Daily Journal Corp DJCO +0.4% ” just picked up a substantial amount of the Chinese internet company Alibaba, adding to the good amount already owned. He’s chairman of Daily Journal and .
    By: badasswarriorqueen|||||||||
    Charlie Munger was first buying Alibaba shares in Q1 2021 for the Daily Journal. Munger then doubled his position in the 2nd half of the year as the stock continued to fall. However, he now seems to be reversing course.
    By: garrypig|||||||||
    Oct 28, 2021 7:46 PM EDT. The Street’s Kevin Curran has two iconic Wall Street legends in his sight - Berkshire Hathaway Vice-Chairman Charlie Munger and Alibaba Group ( BABA) - Get Alibaba.
    By: CupertinoCA||||||||| - 2022
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