Munger bought Ali against the trend, shall we follow?
Munger's investment style has always been cautious, and his investment is almost concentrated in traditional high-dividend stocks. However, it is worth noting that in the first and third quarters of 2021, Munger suddenly "buy the bottom" and increase Alibaba's position against the trend. This investment made the market unexpected.
This year, $Alibaba(BABA.US$ stocks topped the highest share price of US$274.29. But as of the close of trading on October 8, the stock price has fallen to US$161.52, a year-to-date drop of nearly 31%.
Faced with Munger's bucking the trend and doubled his bet on Alibaba, shall we follow?
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101518828 : Wait for it drop to $100
Susan Bertolino : Technology stocks have gradually recovered!Maybe he is considering long-term holding
bic mutney 101518828 : short it to 100
bic mutney 101518828 : downtrend is short