The U.S. company raised its holding by 99.3% to 602,060 sponsored American Depository Shares as of Dec. 31, Daily Journal said in a regulatory filing on Tuesday, making the stake worth about $72 million as of Jan. 4.
Long term investors should take note: One of the most successful investors of all time doubled down on shares of Alibaba near 1-year lows while the market turned the other way. Charlie Munger is teaching the market a lesson here once again: focus on Alibaba's e-Commerce possibilities in China and abroad, including the expanding addressable market and significant tailwinds for user growth in Southeast Asia. Alibaba's sales and EPS are going to grow at double digits in the near future and the firm's full intrinsic value is materially higher than Alibaba's current share price!
發表於 2022-1-5 06:24:41
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