How Charlie Munger thinks about the stock market?
Munger said that current liquidity levels — meaning the ease with which stocks can be sold for cash — has created “wretched excess and danger for the country,” comparing the massive amounts of money moving around every day to “people getting drunk at a party” and not thinking about the “consequences.”Feb 16, 2022
Is Charlie Munger holding Alibaba?
Charlie Munger at Berkshire Hathaway's annual meeting in Los Angeles California. May 1, 2021. Daily Journal, the Los Angeles-based newspaper company tied to Charlie Munger, just slashed its holding in Chinese e-commerce giant Alibaba in half.7 days ago
Did Charlie Munger buy Alibaba ADR?
Munger Loves Alibaba According to Barron's magazine, this means it bought a net 300,000 ADRs during Q4 of the Chinese company. It had owned 302,060 Alibaba ADRs at Q3 end. Moreover, according to Barron's, it had bought 136,740 more ADRs during Q3. So, in effect, DJCO has been averaging down in its cost.Jan 11, 2022
At what price did Charlie Munger buy BABA?
around $226Charlie Munger is thought to have influenced many investors who bought BABA stock in 2021. He began buying the stock around $226, averaging down after that.2 days ago
What is Munger buying?
Munger has been buying more BABA shares for the securities portfolio of DJCO.Jan 11, 2022
Is Munger buying more BABA?
Alibaba Group (NYSE:BABA) has been attracting attention recently. And the recent news released on Jan. 4 by the Daily Journal Corp., with Charlie Munger as its portfolio manager, still dropped a bombshell. This news revealed that Munger increased his positions in BABA by 99.3% - doubling his bet on the company.Jan 24, 2022
Who does Charlie Munger invest for?
U.S. Bancorp (NYSE:USB) is one of the top stock picks of billionaire Charlie Munger, in addition to Bank of America Corporation (NYSE:BAC), Wells Fargo & Company (NYSE:WFC), and Alibaba Group Holding Limited (NYSE:BABA).Jan 18, 2022
What is the stock price of Alibaba in 2021?
Apr. 12 2021, Updated 1:11 p.m. ET. On April 12 as of 10:00 a.m. ET, Alibaba (BABA) stock was up 8 percent at $241.69. The stock was up significantly even though the company was fined $2.8 billion by Chinese regulators because of an anti-monopoly investigation.
What is the investigation into Alibaba?
In December 2020, the Chinese antitrust regulator opened a probe into Alibaba to see whether the firm was preventing merchants from listing their products on other e-commerce platforms. The investigation revealed that the online retailer violated China’s anti-monopoly law.
Why was Alibaba fined?
Alibaba was fined $2.8 billion by the Chinese government because of an anti-monopoly investigation. The fine, which amounts to 4 percent of Alibaba's domestic sales in 2019, is three times greater than the $975 million fine China imposed on U.S. chipmaker Qualcomm in 2015.
Is Alibaba stock a bargain?
Alibaba stock looks like a bargain opportunity if investors can handle the China risk. Right now, investors can buy BABA stock at nearly a 24 percent discount to its 52-week high. That's a better bargain than a 5 percent discount on Amazon stock. Advertisement.
Is Alibaba a good investment?
Alibaba stock is a good long-term investment. Alibaba stock is a good long-term investment. It's a blue-chip stock that still offers various growth catalysts, including cloud services and e-commerce. Article continues below advertisement.