Breaking: Mohnish Pabrai sold $Alibaba (BABA.US)$ for two re...
1. Tax loss harvesting
2. He concluded after buying Alibaba that he likes Prosus better (as a discounted play on $Tencent(TCEHY.US$ )
Disclosed today via Everything Money interview
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romancerOP : https://www.youtube.com/watch?v=ELRBmkAv01I
Carolinr Miller : But why not buy tencent directly, cause it is also selling for very sell than it's value so why add an additional layer of management, which says they wont sell their stake but keeps doing that and there's not even a guarantee that the discount value would close in the future.
romancerOP Carolinr Miller: Because that additional layer of management is an additional opportunity for compounding
MaMaJun : One risk maybe CCP give Tencent an order to do the sam as Jack did Ant in the past.