Last week I authored an article on BABA being Cheap but NOT Valuable [LINK] until Asset Investors show the right kind of interest. Well, that day has come, sooner than we could imagine, and it couldn't be better with the right type of asset investors casting their eyes on this stock.
BABA gapped up 2.5% in a couple of candles as the Berkshire Hathaway acquisition [LINK] fueled more than a million orders in a matter of moments.
News of Charlie Munger doubling his position on BABA
So is BABA a good buy?
Well, it might have found its bottom now, and there is this fascination by a larger number of investors who like to follow Warren Buffet's portfolio choices. Given this, a Charlie Munger purchase is seen by the market as an endorsement that the stock is now Cheap and ALSO Valuable.
In Causal Capital, we'll probably dabble as well but let's see.
Charlie Munger is the vice-chairman of Berkshire Hathaway, but he is also the chairman of the Daily Journal that runs its own portfolio of $259 million assets. In the FORM 13F [LINK] filed with the Securities Exchange Commission; 602,060 American Depository Shares in BABA were accumulated at the end of last year.
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