$Light Crude Oil - main 2204(CLmain)$ Crude oil exceeded USD 100/barrel, reaching a new high of seven and a half years (since June 2014). This result is very uncomfortable for all countries except those oil-producing countries in the Middle East. Worst of all is the rising cost of procrastination in industrial producing countries, such as China and Europe. But this will spread to the United States, which is already the largest oil producer, but its domestic inflation is too serious; Russia is also unhappy, because although high oil prices are high, not many countries may dare to buy them. So, I have come to a conclusion:High oil prices won't last long. The reason is very simple. On this earth, a thing that makes the five perma
What is Munger's reason for insisting on buying Alibaba?
Munger, a stock god who is nearly 100 years old, has been trapped by $Alibaba (BABA) for a year and keeps buying, Alibaba has become his third largest holding stock. The specific situation is: In the first quarter of 2021, Alibaba's share price fell by 30% from a high level, and then Munger began to open a position at a cost of about 220-270 US dollars; In the third quarter, Alibaba's share price fell by 30% and began to make up positions around 140 US dollars; In the fourth quarter, Alibaba's stock price fell by another 30%, and the old man directly doubled his holdings to more than 600,000, becoming his third largest holding. Some people have calculated that Munger is still losing about 20% at this time. Why does Munger love Ali so much? He said: I have confidence in China's economy an