The truth of Charlie Munger sold BABA and bought Tencent
Background：
1) Based on the public information, Munger, Mohnish, and Li Lu are close friends for decades.
2) Mohnish sold its long position in $Alibaba (BABA.US)$ and bought $TENCENT (00700.HK)$ in Q4 2021. Later in the interview, he mentioned the reasons: 1)Tencent is a better business, and 2) tax-loss harvesting.
According to Guy Spier’s lecture, Munger agreed with Mohnish, and believed that was a smart move.
Why did Munger sold BABA：
3) Munger sold nearly half of Alibaba in Q1 2022 for the same reason of tax-loss harvesting. This is because the number of shares sold is exactly the same as the total number of shares bought in Q1+Q3 of 2021, to the nearest fraction.
What did Munger bought instead：
4） According to Daily Journal's Q4 21 earnings report, Munger used margin account to add to BABA position. And in Q1 2022, after selling BABA, the amount of debt borrowed increased instead, indicating a new buy.
5） According to Daily Journal's annual report, the company invested in 7 stocks, of which only U.S. stocks are subject to 13F disclosure (including BABA), and one is BYD (bought with Li Lu in '08), and one mystery stock.
6）According to the annual report, Munger sold part of BYD shares significantly in 21Q4. Based on Munger's relationship with Mohnish, it's likely a similar storyline, with Munger bought Tencent.
1) Based on the public information, Munger, Mohnish, and Li Lu are close friends for decades.
2) Mohnish sold its long position in $Alibaba (BABA.US)$ and bought $TENCENT (00700.HK)$ in Q4 2021. Later in the interview, he mentioned the reasons: 1)Tencent is a better business, and 2) tax-loss harvesting.
According to Guy Spier’s lecture, Munger agreed with Mohnish, and believed that was a smart move.
Why did Munger sold BABA：
3) Munger sold nearly half of Alibaba in Q1 2022 for the same reason of tax-loss harvesting. This is because the number of shares sold is exactly the same as the total number of shares bought in Q1+Q3 of 2021, to the nearest fraction.
What did Munger bought instead：
4） According to Daily Journal's Q4 21 earnings report, Munger used margin account to add to BABA position. And in Q1 2022, after selling BABA, the amount of debt borrowed increased instead, indicating a new buy.
5） According to Daily Journal's annual report, the company invested in 7 stocks, of which only U.S. stocks are subject to 13F disclosure (including BABA), and one is BYD (bought with Li Lu in '08), and one mystery stock.
6）According to the annual report, Munger sold part of BYD shares significantly in 21Q4. Based on Munger's relationship with Mohnish, it's likely a similar storyline, with Munger bought Tencent.
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Milk The Cow :
Johnnie Worker OP Milk The Cow : Don’t u think that’s obvious dude
Milk The Cow Johnnie Worker OP : I think so too![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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Just a wild guess but no evidence
Gabez :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Dons hobby : There would be NO EVIDENCE because these people more than likely sit down with each other figure out what they are gonna do and go do it, no paper trail when you can talk face to face and from what I have read, they ALL know each other either directly or thru other associates.
I am still new. this is just my opinion and I could definitely be wrong BUT we all know something is going on we ALL don't know about.
SpyderCall Dons hobby : You are totally right. The elites meet up face to face at many gatherings, assemblies, lavish parties, national and international conferences, etc. No cameras, press, or shmo joe like you and I are ever let within 50 feet of the building
SpyderCall Dons hobby : And they must do it face to face because insider trading is illegal. Thats why they stick with each other and leave no paper trail.
Dons hobby SpyderCall : Not a doubt my friend, I haven't been trading that long but one of the first things that I learned was just how much BS, living cheating, stealing, making up shares, hiding buys and that's just off the top of my head and I have been trading about 7 months or so. If a new trader can figure it out it has to be very blatant, but you don't have to figure it out because it's right in your face. And all you have to look at is AMC, I don't have any now, I sold and bought oil and gas. But the shit AMC holders went thru and still are IS THEFT AT THE VERY LEAST. And where is the SEC they aren't at the dinner with everyone figuring out who, what and where they are gonna fuck everybody next, but you know they are getting a lot better cut than anyone because they are getting compensated by each and every player that's making money in this twisted up senerio.
SpyderCall Dons hobby : You are exactly right
Dons hobby SpyderCall : Talk leaves no trail, 1000% correct Spyder
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