Charlie Munger Prefers Alibaba Stock to Treasury Bills. Here’s Why.

Barrons2021-04-12

Warren Buffett’s longtime partner Charlie Munger recently disclosed a new investment in the Chinese internet giant Alibaba Group Holding. Daily Journal (ticker: DJCO)—Munger has served as chairman ...

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Comments

TeflonTusk
2021-04-12
TeflonTusk
Not very good ah
DesmondChin
2021-04-12
DesmondChin
BABA is a great company until.....
JustinTeo4D
2021-04-12
JustinTeo4D
Go get em
TKCat
2021-04-12
TKCat
Much room to grow.
EvonneL
2021-04-12
EvonneL
Like and comment pls. Thanks
- PYCHUA:
  pls comment, thx
nicsohsayso
2021-04-12
nicsohsayso
Uncle Ma please come out from hiding leh
- KinKat:
  He's doing the right thing, need to patiently wait till the dust settles. In the meantime, an opportunity is presented to us to decide whether to buy at current lower prices [疑问]

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Here’s Why.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-12 11:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/berkshire-hathaway-charlie-munger-prefers-alibaba-stock-to-treasury-bills-51617813729?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Warren Buffett’s longtime partner Charlie Munger recently disclosed a new investment in the Chinese internet giant Alibaba Group Holding.\nDaily Journal (ticker: DJCO)—Munger has served as chairman ...</p>\n\n<a href=\"https://www.barrons.com/articles/berkshire-hathaway-charlie-munger-prefers-alibaba-stock-to-treasury-bills-51617813729?mod=RTA\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BABA","symbol_name":"阿里巴巴","start_time":0,"source_url":"https://www.barrons.com/articles/berkshire-hathaway-charlie-munger-prefers-alibaba-stock-to-treasury-bills-51617813729?mod=RTA","article_id":"1166514197","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1166514197","pubTimestamp":1618198292,"columns":[],"sourceInfo":{"source_id":"lsy1601382232898","name":"Barrons"},"weMediaInfo":null,"summary":"Warren Buffett’s longtime partner Charlie Munger recently disclosed a new investment in the Chinese ","collect":0,"end_time":0,"defaultTopTitle":"barrons.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-W"},"translate_title":"查理芒格更喜欢阿里巴巴-SW股票而不是国库券。原因就在这里。","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09988":0.9,"BABA":0.9},"content_text":"Warren Buffett’s longtime partner Charlie Munger recently disclosed a new investment in the Chinese internet giant Alibaba Group Holding.\nDaily Journal (ticker: DJCO)—Munger has served as chairman since 1977, and provides the firm with investing expertise—disclosed last week in a Securities and Exchange Commission filing that it owned 165,320 Alibaba (BABA) American depositary receipts as of March 31. Daily Journal hadn’t owned any at the end of 2020.\nIn response to a request for comment on the investment, Munger, who is also the vice chairman ofBerkshire Hathaway(BRKb), provided a statement toBarron’s:\n“Daily Journal Corporation has and needs securities held as cash equivalents. These cash equivalents would normally be U.S. Treasury Bills. But, with returns on Treasury Bills now so low, the Company instead, invests in common stock. And, unless its long term prospects seem good, a common stock is not considered to be a good cash equivalent.\n“A minor part of Daily Journal Corporation’s cash equivalents now consists of a tiny amount of Alibaba common stock.”\nThat “tiny amount” was valued at $37.5 million as of March 31. Daily Journal could have bought the Alibaba ADRs at any point in the first quarter. So far this year, the ADRs are down 4%, while theS&P 500index is up about 9.9%.\nAlibaba ADRs underperformed the market last year, only gaining 9.7% while the index rose 16.3%. The ADRs tumbled in December when an affiliate was forced by Chinese regulators toscuttle an initial public offering. Barron’s has written about a variety of risks ofinvesting in China.\nDaily Journal owns other stocks, as well, and its U.S.-traded investments totaled about $200 million as of March 31. Positions in other investments were unchanged, and the largest investments by dollar value remained Bank of America(BAC) stock at 2.3 million shares, and Wells Fargo(WFC) at 1.6 million shares; Daily Journal’s positions in those two bank stocks are unchanged since at least theend of 2013. The company was required to begin disclosing investment positions at that point because its U.S.-traded portfolio topped the threshold of $100 million.\nInterestingly, Warren Buffett has recently overseen trades in both banks through Berkshire Hathaway’s portfolio. Berkshire Hathaway is Bank of America’s largest investor, with more than 1 billion shares after Buffett went ona buying spree last year. Berkshire Hathaway has also been slashing its investment in Wells Fargo. We estimated that cutting the Wells Fargo position, and that of other bank stocks, cost Berkshire Hathaway about $10 billion as the sector later rallied.\nAlso, Berkshire Hathaway doesn’t own any Alibaba ADRs.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":342639128,"gmtCreate":1618207444364,"gmtModify":1704707511651,"author":{"id":"3576998804963004","authorId":"3576998804963004","name":"TeflonTusk","avatar":"https://static.tigerbbs.com/d26e5b87de0105f8968c3e86381c9a60","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3576998804963004","authorIdStr":"3576998804963004"},"htmlText":"Not very good ah","listText":"Not very good ah","text":"Not very good ah","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/342639128","repostId":1166514197,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":342695696,"gmtCreate":1618207036815,"gmtModify":1704707506312,"author":{"id":"3578983795474363","authorId":"3578983795474363","name":"DesmondChin","avatar":"https://static.tigerbbs.com/b90cb6b6a6c328ac8d02a829e5e7c835","vip":1,"hat":"https://static.tigerbbs.com/46b6808e1ba3716fb9c53339adffa3c5","crmLevel":3,"crmLevelSwitch":1,"idStr":"3578983795474363","authorIdStr":"3578983795474363"},"htmlText":"BABA is a great company until.....","listText":"BABA is a great company until.....","text":"BABA is a great company until.....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/342695696","repostId":1166514197,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":342879285,"gmtCreate":1618203529747,"gmtModify":1704707469813,"author":{"id":"3578014849238566","authorId":"3578014849238566","name":"JustinTeo4D","avatar":"https://static.tigerbbs.com/a83ccf20d9e0affe93fe9f99854a3894","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3578014849238566","authorIdStr":"3578014849238566"},"htmlText":"Go get em&nbsp;","listText":"Go get em&nbsp;","text":"Go get em","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/342879285","repostId":1166514197,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":342841484,"gmtCreate":1618202650748,"gmtModify":1704707458504,"author":{"id":"3575764061064234","authorId":"3575764061064234","name":"TKCat","avatar":"https://static.tigerbbs.com/99ee288f493a95ddc49f6f7bbeb74457","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575764061064234","authorIdStr":"3575764061064234"},"htmlText":"Much room to grow.","listText":"Much room to grow.","text":"Much room to grow.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/342841484","repostId":1166514197,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":342849385,"gmtCreate":1618202317847,"gmtModify":1704707454941,"author":{"id":"3575894200290768","authorId":"3575894200290768","name":"EvonneL","avatar":"https://static.tigerbbs.com/cb53b45bdf200111cb5cfc9e7900c627","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575894200290768","authorIdStr":"3575894200290768"},"htmlText":"Like and comment pls. Thanks","listText":"Like and comment pls. Thanks","text":"Like and comment pls. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/342849385","repostId":1166514197,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4013421,"gmtCreate":1618203862986,"gmtModify":1680783719558,"authorId":3576900825805492,"author":{"id":3576900825805492,"idStr":"3576900825805492","authorId":3576900825805492,"name":"PYCHUA","avatar":"https://static.tigerbbs.com/7984deb1539a8169f76cb68052224a36","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":342849385,"type":1,"supId":0,"prevId":0,"content":"pls comment, thx","text":"pls comment, thx","html":"pls comment, thx"}],"langContent":"EN"},{"id":342852214,"gmtCreate":1618201917238,"gmtModify":1704707448638,"author":{"id":"3573095923901062","authorId":"3573095923901062","name":"nicsohsayso","avatar":"https://static.tigerbbs.com/40b4ad912e56ecdf8837a40c5ba5d2da","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3573095923901062","authorIdStr":"3573095923901062"},"htmlText":"Uncle Ma please come out from hiding leh","listText":"Uncle Ma please come out from hiding leh","text":"Uncle Ma please come out from hiding leh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/342852214","repostId":1166514197,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4013522,"gmtCreate":1618205120525,"gmtModify":1680783718494,"authorId":3577917165320806,"author":{"id":3577917165320806,"idStr":"3577917165320806","authorId":3577917165320806,"name":"KinKat","avatar":"https://community-static.tradeup.com/news/303a11363633244c53e6b67003899c74","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":342852214,"type":1,"supId":0,"prevId":0,"content":"He's doing the right thing, need to patiently wait till the dust settles. In the meantime, an opportunity is presented to us to decide whether to buy at current lower prices [疑问]","text":"He's doing the right thing, need to patiently wait till the dust settles. In the meantime, an opportunity is presented to us to decide whether to buy at current lower prices [疑问]","html":"He's doing the right thing, need to patiently wait till the dust settles. In the meantime, an opportunity is presented to us to decide whether to buy at current lower prices [疑问]"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":58,"commentSize":18,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1166514197"}