Charlie Munger doubles down on Alibaba Stock

Warren Buffett‘s longtime partner Charlie Munger has disclosed that a firm that he chairs nearly doubled an investment in the Chinese internet giant Alibaba Group Holding. Munger now owns over 300,000 Shares of Alibaba Stock through Daily Journal.

Daily Journal publishes newspapers and websites covering California and Arizona, and produces information services; it also owns large stakes in stock, with a portfolio valued at $225 million. The current holdings are pictured below :

Charlie Munger’s Daily Journal Holdings as of September 30 2021

To say that Charlie Munger is bullish on Alibaba would be an understatement. Since he added to his position Alibaba Stock is up by approx 24%. The current price is 165.50 HKD. $162.10 on the Nasdaq.

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