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Michaelw
2021-10-06

Nice! Best way to endorse we are on the right stock!

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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Best way to endorse we are on the right stock!","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/829269137","repostId":1114084743,"repostType":2,"repost":{"id":"1114084743","kind":"news","pubTimestamp":1633499616,"share":"https://www.laohu8.com/m/news/1114084743?lang=&edition=full","pubTime":"2021-10-06 13:53","market":"hk","language":"en","title":"Charlie Munger nearly doubled down on Alibaba as share prices dropped","url":"https://stock-news.laohu8.com/highlight/detail?id=1114084743","media":"seekingalpha","summary":"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. 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Munger's other picks include U.S. Bancorp(NYSE:USB)and and Posco(NYSE:PKX).</p>\n<p>Raymond James cut its rating on Alibaba earlier this month citing growth headwinds but stillgives the stock a grade of Outperform.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Charlie Munger nearly doubled down on Alibaba as share prices dropped</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCharlie Munger nearly doubled down on Alibaba as share prices dropped\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-06 13:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3749214-charlie-munger-nearly-doubled-down-on-alibaba-as-share-prices-dropped><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Charlie Munger's Daily Journal Corporation(NASDAQ:DJCO)has increased its Alibaba(NYSE:BABA)shares by 82% since July as the stock's price fell nearly 50%, according to the Daily Journal's13-F filing ...</p>\n\n<a href=\"https://seekingalpha.com/news/3749214-charlie-munger-nearly-doubled-down-on-alibaba-as-share-prices-dropped\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-W"},"source_url":"https://seekingalpha.com/news/3749214-charlie-munger-nearly-doubled-down-on-alibaba-as-share-prices-dropped","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1114084743","content_text":"Charlie Munger's Daily Journal Corporation(NASDAQ:DJCO)has increased its Alibaba(NYSE:BABA)shares by 82% since July as the stock's price fell nearly 50%, according to the Daily Journal's13-F filing for Q3.\nThe Daily Journal purchased 136,740 BABA shares bringing its total to 302,060 shares. 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