The truth of Charlie Munger sold BABA and bought Tencent Bac...
The truth of Charlie Munger sold BABA and bought Tencent
Background:
1) Based on the public information, Munger, Mohnish, and Li Lu are close friends for decades.
2) Mohnish sold its long position in $Alibaba(BABA.US$ and bought $TENCENT(00700.HK$ in Q4 2021. Later in the interview, he mentioned the reasons: 1)Tencent is a better business, and 2) tax-loss harvesting.
According to Guy Spier’s lecture, Munger agreed with Mohnish, and believed that was a smart move.
Why did Munger sold BABA:
3)...
Background:
1) Based on the public information, Munger, Mohnish, and Li Lu are close friends for decades.
2) Mohnish sold its long position in $Alibaba(BABA.US$ and bought $TENCENT(00700.HK$ in Q4 2021. Later in the interview, he mentioned the reasons: 1)Tencent is a better business, and 2) tax-loss harvesting.
According to Guy Spier’s lecture, Munger agreed with Mohnish, and believed that was a smart move.
Why did Munger sold BABA:
3)...
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Btan : Old news
BigBadBear Skyrocket 101: He did. He sold half sir