$H-Source Holdings Ltd (HSI.CA)$$Alibaba (BABA.US)$ The hang...
$H-Source Holdings Ltd (HSI.CA)$ $Alibaba (BABA.US)$ The hang Seng index rose 3% today, recouping the losses of the previous three days, led by sectors such as Internet and insurance.
Munger and Duan Yongping, two industry heavyweights, bucked the trend by adding stakes in Alibaba and Tencent in the third quarter, even though the Hang Seng index has underperformed the CSI 300 by 50% over the past three years and the AH premium index is now at a 10-year high of 142.
Contrarian investing is easier to know than to do, but it must be an essential quality for value investors.
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