$Alibaba(BABA)$
Charlie Munger bought Alibaba at about $250 in Q1 of 2021 with P/E Ratio at about 65, which is overvalued.
Now it is the right time to buy Alibaba at $100 with P/E at about 20 now, is considered fair value /undervalued.
Didn’t he n Warren Buffet thought us about value investing. Why the hack he bought Alibaba when it was above fair value ??? He FOMO too ?
I only begin to buy Baba few months back at about $80 - 90 which the P/E is below 20 to me this is the "right price" to buy.
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