jeudi 6 janvier 2022

Charlie Munger going crazy

Charlie Munger is very old. He turned 98 a few days ago. He has been an investor for many decades. And while I don't know him that much, the fact that he's very close to Warren Buffett makes him very respectable in our minds. 

Both of them have always been honest (I guess) and they invest with intelligence (usually). I don't like all their investments, but they never go crazy on some obscure stuff or some hype. There's so much investors doing weird stuff that Munger and Buffett often look weird just because they're normal.

Anyway, recently, I saw that Munger DOUBLED his investment in Ali Baba. 

This stake now represents 28% of his portfolio.

Now, that's crazy. I'd never ever think about having such a sizable stake in my portfolio. Even my favorite names like Constellation Software and Google would never be this important. And I trust their management teams at least 10 times more than I trust any chinese company. 

Is Munger crazy now? 

Will Buffett do the same and thus, pump Ali Express shares?  

4 commentaires:

  1. It might be 28% of Daily Journal's portfolio but roughly 2-3% of his total net worth. Maybe you should penetrate some research :) You need to write an apology post in case Munger read this post and had his feelings hurt.

    1. You're right. That's not that much money for him. But the proportion is still huge.

  2. According to dataroma, before the 3 alibaba buys of 2021, the last transaction he did dates back to 2014, so nothing in 2015,2016,2017,2018,2019,2020… he must see something… maybe in 10 years when he’ll be 108 years old he will laugh…. or not… time will tell

    1. I don't think I can understand how a 98 years old man could invest money on the stock market. At that age, you probably just make plans for the next 3 months.