So two day ago Charlie Munger it was announces that during Q1 Munger had sold half of his BABA stock. which is worth around $31M. I guess not that many people are invested in BABA or something or sold it all off already.
My point of view is that if last year Munger doubled his position and the stock went down… Now that he sold it will the stock go up? This argument makes no sense, Munger has lived through more recessions than any of us and knows more than any of us mere mortals.
But on a serious note:
- No more delisting **China FUD**
- It has a P/E ratio of 26 which is way lower than the industries one, 68.
- Goldman Sachs increased their stake by 30% in Q1 https://money.cnn.com/quote/shareholders/shareholders.html?symb=BABA&subView=institutional
- Tech is oversold
Why did Charlie Munger sell? What am I not seeing
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