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no matter how much u pumped into the market even though u are a billionaire,u still hv to admit defeat to the market.
the market is ALWAYS RIGHT.
LOOK AT GIC TEMASEK WARREN BUFFETT STILL HV TO CUT LOSS
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Any investment can go wrong and lose money
I think Munger mistake was he borrowed to buy Alibaba.
When Alibaba plunged to 70$ he kena margin call and forced to sell
Munger may be one of the greatest investor of all time but I think he never study volatility of HK and China market ...deliberately triggering margin call is one tactic used by traders. For no reason s stock can move down 20% then next few days recover ...
In March 2022 riding on negative sentiment tye traders triggered many forced liquidation of margin position.
I believe Munger kena forced liquidation. But it is pocket change for him.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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thanks to Jack big mouth ..his baby will be slowly rip aparted and fed to the dogs
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(13-04-2022, 03:06 PM)keys Wrote: thanks to Jack big mouth ..his baby will be slowly rip aparted and fed to the dogs
True that is why I keep only small amount of Alibaba.
The CCP is very vengeful....any one that offend them they are vindictive.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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(This post was last modified: 13-04-2022, 03:24 PM by
sgbuffett.)
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(13-04-2022, 03:22 PM)sgbuffett Wrote: True that is why I keep only small amount of Alibaba.
The CCP is very vengeful....any one that offend them they are vindictive.
I think the vengeful is u. Incorrigible
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