| Charlie Munger DESTROYS AliBaba Doubters (BABA Stock)... Charlie Munger, Berkshire Hathaway vice chairman and American billionaire investor, just bought more AliBaba stock and increased his position by 83%. Charlie Munger purchased $37,491,000 worth of BABA shares in quarter 1, but now has $45 million worth, totaling 302,060 shares held. The portfolio allocation is 19.86%. Charlie Munger may use margin to buy more shares of BABA despite hyperinflation fears because he believes in the Chinese economy. I am not a financial advisor. This video is for entertainment purposes only. |
Charles Thomas Munger (born January 1, 1924) is an American investor, businessman, former real estate attorney, architectural designer, and philanthropist. He is vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett; Buffett has described Munger as his partner. Munger served as chairman of Wesco Financial Corporation from 1984 through 2011. He is also chairman of the Daily Journal Corporation, based in Los Angeles, California, and a director of Costco Wholesale Corporation.
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