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Gail83
2021-10-08

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Charlie Munger nearly doubled down on Alibaba as share prices dropped

Charlie Munger's Daily Journal Corporationhas increased its Alibabashares by 82% since July as the stock's price fell nearly 50%, according to the Daily Journal's13-F filing for Q3.The Daily Journal purchased 136,740 BABA shares bringing its total to 302,060 shares. Due to the drop in price, the firm's position only increased to $45M from $37M.The firm's largest stakes are in Bank of Americaand Wells Fargo, with the Daily Journal owning $98M and $73M positions respectively. Munger's other picks

Charlie Munger nearly doubled down on Alibaba as share prices dropped

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