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.
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.
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.
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