By Nada Ling and Evan Osborne
Charlie Munger was a lengendary stock-market investor. He was the right-hand man to Warren Buffett and the vice chairman of the Berkshire Hathaway. Munger helped Buffett to pivot from pure value investing to “buy quality companies at good prices,” thus enabling Berkshire Hathaway’s market-beating return over multiple decades. He passed away in November 2023 at the age of 99. The late Charlie Munger was long an investor in the Chinese stock market. He encountered both with great success (the electrical car maker – BYD) and tremendous blunder (the internet conglomerate – Alibaba).
Given the persistent sell-off of Chinese stocks over the past three years, with a staggering loss of $6 trillion dollars, it is illustrative to study Munger’s investments in China. [Continue Reading]
Source: https://www.yibao.net/2024/03/21/charlie-mungers-adventures-in-the-chinese-stock-market-the-alibaba-debacle/