Base on his age, status and experience of Charlie Munger, he can definitely be trusted. The older he grows the more fearful he is, he also has better first hand information than anyone else so is worth to trust him. However is just a matter of time only the price will sure back to normal as it was before. Secondly, he bought the shares again just perhapsto average out and will make bigger profit when it shoots up. Alibaba can say is the largest firm listed in US, if it is delisted, surely no Chinese firm will exist in US stock market so is it possible to come to such a plight? Unless 3rd world war is coming soon……
Charlie Munger's Daily Journal nearly doubles stake in China's Alibaba
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
