$Alibaba (BABA.US)$ If you calculate the investment in aliba...
$Alibaba(BABA.US$ If you calculate the investment in alibaba with the stake munger holds in the daily journal, then it is less than 1% of his net worth. It's not a high conviction pick, and there's a reason it's not in the berkshire portfolio but in the no-one-gives-a-crap daily journal bootleg roobin hood portfolio. Everyone mentioning munger as a pillar of an investment thesis for buying BABA has lost his mind.
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Lenny Waite : Charlie isn't the only Guru that was buying Baba in Q3. If you check dataroma you will find that Baba is the top stock bought by the gurus they track. Also the significance of his purchase isn't his own networth its 20% of the Daily Journals portfolios which is alot being allocated and just the way he doubled down at substantially less than when he first bought it i itially when everyone else is running for the hills. That is where the conviction lies... not bc its only 1% of his net worth.
Homer Fendrick Lenny Waite: It's actually a little under 13% of the DJCO portfolio, using the latest 13F and 10Q.
Turan No : No proof of Munger selling.
Should we wager on next 13F filing that he added?
Baby putsomemusic Turan No: Munger buys/sells a stock like once every 5-7 years. You may have to wait a bit. (I hope he lives past 100)
Ajou Turan No: These idiots daytraders think Munger holds stocks for weeks instead of years.