Warren Buffett‘s longtime partner Charlie Munger recently doubled his Alibaba position in Q3 2021 according to an SEC filing.
In the regulatory filing, The Daily Journal (NASDAQ:DJCO) disclosed that it had bought more shares of Chinese giant Alibaba (NYSE:BABA) with its corporate cash. The Daily Journal uses its cash holdings to invest in equities, which make up a significant portion of the company's market cap. As of 27 Oct 2021, Munger holds 3.6% of The Daily Journal shares.
In this roundtable, we dive into the possible reasons why Munger doubled down on his Alibaba investment and whether it's a wise move.
