27-10-2021, 07:58 PM
Charlie Munger, 97, doubled his position Alibaba.
He is almost 100yrs old and has 80yrs experience and made billions....I did not follow him when I bought anyway.....the Fifth Person discusses his decision in detail.
I don't for one minute think that this investment "sure make"....no investment is a sure thing.
But I believe Munger is seeing familiar scalable business model in Alibaba.
....it still has alot of room
But I wouldn't buy this if I were 97yrs old because the full potential and value of the stock may take time to show up in the price ...at 97 how much time have you got?
He is almost 100yrs old and has 80yrs experience and made billions....I did not follow him when I bought anyway.....the Fifth Person discusses his decision in detail.
I don't for one minute think that this investment "sure make"....no investment is a sure thing.
But I believe Munger is seeing familiar scalable business model in Alibaba.
....it still has alot of room
But I wouldn't buy this if I were 97yrs old because the full potential and value of the stock may take time to show up in the price ...at 97 how much time have you got?
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.