Charlie Munger Alibaba

A business overseen by Charlie Munger has just sold 50% of its Alibaba shares, but there's good reason why other investors shouldn't do the same.

But when he sells something, that is not as relevant.” Daily Journal Corp held 600,000 shares at around US$108 until the sale this week (the details of which you can see in the table immediately below). Investors can sell for any number of reasons.

The stake cut comes a few months after Daily Journal's holding in Alibaba almost doubled in size. American depositary shares of the e-commerce giant are down 15 ...

Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. - Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. American depositary shares of the e-commerce giant are down 15% this year. - NOTE: Spam and/or promotional messages and links within a comment will be removed The publishing company said Munger will remain a director and will be involved in the business operations he already worked on.

Daily Journal Corp, led by Warren Buffett's long-time business partner Charlie Munger, trims Alibaba stake as the bet turns sour amid challenges to ...

Alibaba Group Holdings, Inc. BABA shares have been in the doldrums ever since Chinese regulators began hounding the company following anti-establishment ...

Why It's Important: Apart from the regulatory overhang that is casting a cloud on Alibaba stock's recovery attempt, the company is facing other risks as well. The average analysts price target for Alibaba's shares, according to TipRanks, is $174.12, suggesting about 72% upside from current levels. Daily Journal held 300,000 shares of Alibaba in its portfolio, valued at $32.64 million. Alibaba Group Holdings, Inc. BABA shares have been in the doldrums ever since Chinese regulators began hounding the company following anti-establishment outbursts by its founder Jack Ma in late 2020. At the end of the first quarter. This is markedly lower than the 602,060 Alibaba shares the fund held at the end of the fourth quarter of 2021.

In a filing, the company, based in Los Angeles and overseen by Charlie Munger, said it owned only 300,000 of Alibaba's American depositary shares (ADS) worth US ...

It added that this also "affects the innovation and development of the platform economy". Also, the most notable case about Alibaba was the US$2.8 billion antitrust fine recently imposed by China's State Administration for Market Regulation last year. It was down from 602,060 shares at the end of 2021.