$Alibaba(BABA)$ $BABA-W(09988)

$Alibaba(BABA)$ $BABA-W(09988)$ It’s surprising how quickly Alibaba hit $114.53! It reminds me of Charlie Munger and his significant losses on that investment. Even someone as seasoned as Munger can get it wrong, which really puts things into perspective for us regular retail investors. It’s a valuable lesson: we need to build a safety net within our investment strategies. Setting up a system that allows for mistakes is crucial. That way, if we misstep, we won’t get slapped with catastrophic losses. Diversification, risk management, and sticking to our investment principles can help cushion the blow when things don’t go as planned. After all, everyone makes mistakes—even the pros!

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