Charlie Munger’s Firm Nearly Doubles Alibaba Holding, Will You Buy it Now?🤔

MillionaireTiger
2022-01-05

According to a Tuesday filing with the Securities and Exchange Commission, Daily Journal owned 602,060 shares of Alibaba as of the end of 2021, a stake worth $71.5 million. That's almost double its holdings as of the prior quarter, when Daily Journal owned 302,060 Alibaba shares, valued at the time at $44.7 million.

Alibaba ADRs aren’t performing well in the short term. Shares of Alibaba plunged 20% during the fourth quarter of last year after losing nearly half their value in 2020.Daily Journal Chairman Charlie Munger said in April

"A new investment in Chinese internet giant Alibaba is part of a move into stocks because returns on Treasury bills are so low.Continue reading that the Daily Journal bought Alibaba stock with cash equivalents that would usually be invested in Treasury bills, but returns on bills are “now so low.” “Unless its long-term prospects seem good,” Munger noted, “a common stock is not considered to be a good cash equivalent.”
  • What's the next move of Alibaba?
  • Do you think it is time to buy Alibaba?

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voteWill You Buy Alibaba now?(Single choice)
214 people voted· Ended

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  • Bloomberg Markets
    ·2022-01-05
    Buying Alibaba now at such prices are no brainer. Free money if you willing to hold till 2023. Base on my extensive analysis on the company, Alibaba will go to $200 by end of 2022.
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  • JZ8
    ·2022-01-05
    unless the monopolizing issue is solved. I dun think in near future BABA will be a good buy. need to wait for uptrend before buying. maybe 2nd half of 2022
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  • 䛘賀worldview
    ·2022-01-05
    Alibaba just need to lay low and comply with regulations. They have strong foundation and cash flow. Will rebound in long term
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  • Joker_Smile
    ·2022-01-05
    personally feel its a good entry anywhere below 120 range. hold for a year before deciding to hold even longer.
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  • IcySilver
    ·2022-01-05
    Think there is still possible room to dip lower before rebound. Historical low was $57.20. Although don’t think will reach there but certainly could see breaking off $100 before strong rally up[OMG]
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  • saya_
    ·2022-01-05
    best to buy in small lots to capture the dips. Hold BABA for med to- long-term. It captured bigger mkt %  since C19- nimbly & astutely, w clear expansion plans til 2036, serving both B2C & B2B needs
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  • TradeMatrix
    ·2022-01-05
    Since is dipping, go on a monthly DCA now. Stock should recover in 18 months time. Good long term growth %
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  • tradelaggard
    ·2022-01-05
    do your own DCF model, bake in some margin of safety, and you'll see that at current prices, it is undervalued. so if you are convinced of future growth, the price shd recover
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  • SirBahamut
    ·2022-01-05
    Too much risk prices in for alibaba. it has many growth catalysts such as ali cloud, elm me, cai niao, lazada etc.
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  • nictanks
    ·2022-01-06
    if Alibaba follows the steps of Tencent and issue dividend (in cash or in stocks of other companies), it is also a win for shareholders
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  • Lollmaorofl
    ·2022-01-06
    The battered prices are certainly attractive, but at the end of the day, due to the volatility of it's origin environment, the huge downside potential is not something I'm fond of, but will monitor.
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  • Huaturday
    ·2022-01-06
    Just bought. putting my money where my mouth is. Good luck everyone may we all have a good year ahead!
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  • AliceSam
    ·2022-01-05
    What's the next move of Alibaba? God knows. . .


    I think can buy some $阿里巴巴-SW(09988)$, Just try our luck. maybe it sHoot up to sky in the near Few month, Who knows [开心]
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  • TYen
    ·2022-01-05
    there is good chance that BABA will dip further.  Good to wait until Chinese govt decides and conveys next move.  Always remind myself there is no pressure to catch it at lowest.
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    • TYenReplying toboonchong: 
      I am more careful bec I don't hv as much capital to average down [LOL]
      2022-01-05
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    • boonchong: 
      lj la. .  if u so good to time the market, u better than warren Buffett???
      2022-01-05
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  • Calculator88
    ·2022-01-05
    I think Baba will range for a while. Whether its a good time to buy? Now is definitely better than when it was $200. Correct? 😎
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  • koolgal
    ·2022-01-06
    Being a contrarian investor, Munger doubled his Baba holdings because it is severely undervalued!He knows Baba is still profitable & he stands to gain massively when the regulatory pressure blows over
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  • koolgal
    ·2022-01-06
    Charlie Munger knows that when there is Fear in market, it's time to bargainhunt! That's why he is doubling his money in Baba! He has utter conviction in Baba & a wise investor would follow his steps!
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  • koolgal
    ·2022-01-05
    Charlie Munger's belief in Alibaba is based on conviction that it is undervalued with great upside to grow exponentially in future. I share his contrarian view to Buy when there is Fear in market! 💰
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  • koolgal
    ·2022-01-07
    Charlie Munger is astute investor who knows how to sniff out bargains like Baba! He will make a windfall when the regulatory constraints are gone! His experience is legendary & I am his disciple! 💰
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  • ToughCoyote
    ·2022-01-05
    I will just wait and Watch and See what’s going on
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    • boonchong: 
      u wait long long lo... durian on your hand.. for us..baba longies will enjoy the sweet sweet durian meat fragrance
      2022-01-05
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