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Alibaba Group Holdings Ltd ADR (BABA)

NYSE
Currency in USD
Disclaimer
74.63
+2.12(+2.92%)
Closed
After Hours
73.83-0.80(-1.07%)

BABA Comments

Its crazy how short sighted and financially uneducated some people are on here. Laughing and calling Charlie Mungers investment bad on the basis of 3 months worth of price action during which unknowable black Swan events repeatedly occurred just shows how silly they are. Real investors have time horizons longer than 5 minutes and don't judge long term investment decisions on short term price movements. If the price goes to $1,000 in the next 5 years does it matter if the share was bought at 300, 240, 120, 100 or 80? No.
The guy is worth billions, and his Baba position was like 70millions. You make it sound like he's Archegos with 600% leverage.
Why is everyone making such a big fuss about Charlie if it is such a small portion of the portfolio? Sounds like these people are trying to misguide others. I see people are allocating a big portion of their investment fund to BABA becaue of all the people referencing Charlie.
It's a big position, 27% of daily journal fund with 5holdings. But he won't go broke even if it goes to 0
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