If you like this article, please visit [Howard Schultz quotes] and Mark Cuban quotes. In todays Alibaba stock analysis, we will discuss why Munger invested in the company based on its latest earnings performance. I look for high-risk, high-reward situations. Most of the companys revenue stayed stagnant for about a decade, bringing about $11 billion in revenue per year. Billionaire investor Charlie Munger isn't happy about it. In the meantime, check out other insights and analyses that we have done. In the process, it generated returns to their shareholders that may otherwise not be possible. In todays landscape, traditional media companies are struggling as content creation becomes increasingly decentralized. The timing of the acquisition is noteworthy and China-skeptical investors should take notice! In 1997, he founded Himalaya Capital Management, known for its disciplined and value-oriented approach to investing. Here we want to highlight why it is trading at such a relatively low valuation compared to its U.S counterparts. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. Back in the 2008 financial crisis, Munger plowed US$20 million worth of Daily Journals cash largely into four companies. eBay currently has a net profit margin of about 50% and is perhaps a cash cow that can sustain extremely high returns in several economic environments. The INTC holds 11.9% of Seths portfolio. The stock currently offers a yield of around 2.3%, whereas the dividend is well hedged, as Intel currently has a payout ratio of about 30%. If you think you are, please drop me a PM as I would like to know why. In my view, Li Lus following Civilization 2.5 theory offers a more fundamental explanation of the underlying cause. Instead, his stake is concentrated, with highly persuasive ideas. Long term investors should take note: One of the most successful investors of all time doubled down on shares of Alibaba near 1-year lows while the market turned the other way. But Mungers involvement has reshaped the company with his ability to allocate capital efficiently. Early buyer of cryptocurrencies. Seth Klarman current portfolio and holdings highlight that he is the manager of assets worth $27 billion. Our game is to recognize a big idea when it comes along when one doesn't come along very often. Find Similar websites like valueinvesting.de. Munger's 13F suggests his conviction is unfazed. Therefore, Munger's recent US$37 million purchase of Alibaba does shed some light on the value he sees in the company. If you havent reviewed Alibaba stock before, then you may think that the companys presence is tied mainly to alibaba.com. When Charlie Munger was 31 years old, he lost his nine-year-old son Teddy to cancer. After dissolving his fund, he still owned about 3.6% of the company. Alibaba grew revenue 19% year-over-year in what was a brutal macro environment. Lets take a look at the legendary rise, fall and rise of this legendary company. Gaia Stock Review Niche video streaming co that could 2x! With roots in the legal world, the company also offers case management software systems and related products serving the courts, prosecutor and public defender offices, just to name some. And thirdly, the increased competition that we saw from other ecommerce players like JD.com and the rising star Pinduoduo, have definitely held some investors back on concerns of Alibabas ability to protect its business. On the other hand, this article will also dive into the view of Li Lu, especially his view on the civilization 2.5 status in China, as elaborated immediately below. Como dira Charlie Munger: "Toda inversin inteligente es una inversin de valor: para adquirir ms de lo que est pagando, invertir es donde se encuentran algunas grandes empresas y luego se sienta como un loco". This is particularly the case now that you have a better understanding of the essence of modern civilization. The great algorithm to remember in dealing with this tendency is simple: an idea or a fact is not worth more merely because it's easily available to you. Time frame varies from individual to individual. Berkshire Hathaway is a company with various and distinct holdings in groups specializing in freight rail transportation, manufacturing, and insurance. Based on this chart, we can definitely see more fund managers adding . Its current P/CFO stands at only 10.55x, about 25% below JDs 13,.98x, and a whopping 43% below its 3-year median of 18.44x. PCG is perhaps a risky business investment. Turns out, he wasn't. His latest 13F filing reveals zero changes to. As you can see from the chart below, he started buying BABA shares in 2021 Q1, after a large correction in its share price caused by the cancellation of the highly anticipated Ant Group IPO. Source: Alibaba Quarterly Results December 2020 / Revenue Contribution By Segments (Nine months ended December 31, 2020). Charles Thomas Munger (born January 1, 1924) is an American billionaire investor, businessman, and former real estate attorney. The BABA position is now about 28% of the Daily Journal's stock portfolio. But still, Facebook prices to be a profitable company to put ones shares in, which is why Seth put his millions here. Probably the biggest social media platform, the Facebook corporation holds 3.05% of Seths portfolio. Growth is materializing especially in Alibaba's retail marketplaces outside of China, with Lazada in Southeast Asia and trendyol in Turkey, whose businesses see strong customer acquisition. It is an unstopped trend that our world is moving toward e-commerce, and the epicenter of the remaining movement will be China and the Asian-Pacific region. Latest significant* insider buys of superinvestor holdings * Real time Open market common equity purchases of minimum $50,000 by company insiders, applicable to current superinvestor holdings To me, these are symptoms. But I think that at this point, BABA is indeed too cheap for investors to ignore, especially since its trading at a mere PE of 21. Currently tracking portfolios of 78 superinvestors. Facebook has had a time in surviving the social media competition due to TikTok and other applications taking away too much traffic. As to be detailed in the next Section, Munger holds a sizeable BABA position, but Li Lu does not. Charlie Munger and Warren Buffet have been working together for almost 50 years now and although Munger's net worth is less than 2% of Buffet's, they have grown old (and rich) together. In my research, what I found most interesting about Munger is how knowledgeable he is in multiple industries. This is not the first time that Munger has ventured into Chinese companies. I have no business relationship with any company whose stock is mentioned in this article. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Hi. This stake may not be a lot compared to Berkshires usual size of investments. There are far too many reasons this could be the case. He then doubled down his stake in Alibaba twice: first in 2021 Q3, and then again in 2021 Q4. This is the companys fourth-largest holding with 6.2%. In the decade ahead, we project returns of 20% per annum for BABA. Please disable your ad-blocker and refresh. Today, shares of Alibaba are trading where they did 5 years ago and at a much cheaper valuation. You can also see that half of his picks overlap with Munger and Warren Buffett. You will see a comparison of their views and actions best illustrates the opportunities and risks associated with the BABA investment. Aside from Berkshire Hathaway, which Munger is the Vice Chairman alongside Buffett, Munger is also the chairman of Daily Journal. Charlie Munger, Vice President of Berkshire Hathaway and Warren Buffett's business partner, talks about the lessons he has learned over his nearly 100 years of life. Dataroma is a website offering information on insider and hedge fund trading. The group has a few key growth drivers that could substantially add-on to the its earnings soon. Its primary business is in the publishing of newspapers. We'll take a look at the fundamentals of Alibaba's business and what its earnings could look like a decade out. During the Daily Journal annual meeting in February this year, Munger commented that Jack Ma was very arrogant to be telling the Chinese government how dumb they were and how stupid their policies were and so forth. Investors who have followed the companys 13F deposits for the past 3 years from 2018 to 2021 generated a total annual return of 4.3%. This makes the stock very attractive, given the companys business is still experiencing strong growth alongside the tailwind of a growing middle class in China. So naturally, it triggers the question: Why? While Lazada's penetration rate in Southeast Asia is low, the addressable market is projected to expand rapidly. At the same time, the current income of the company is quite stable, and recently the company has also started to generate high profits as much as 16 times the firms forward net profit. In the near term, the market reacted too quickly to a series of short-term events based on perception (based on the information available at that time). A few months earlier in February, Munger said digital tokens were like a venereal disease that he was happy to avoid. It is a sizable position even. The current net income is not representative of the company's true earnings. As with most small-cap companies in the bio-industry, the stock has the potential to generate significant returns if their product succeeds or nothing at all if it fails. Track stock picks and portfolios of legendary value investors such as Warren Buffett For now, we think that the company is still trading at an attractive value. The theory was presented in a lecture he gave in 2015, and I think it is worth quoting in full (the emphases were added by me). Charlie Munger. If its hot, they want to be in on it. Source: Markets Insider / Charlie Mungers Daily Journal reveals an Alibaba stake worth $37 million, Source: Yahoo Finance / Alibaba Group Holding Limited Share Price 1 Year Chart. This makes his portfolio extremely easy to copy if youre an investor who trusts his instincts more than your own. Well, at least for now, it does seem that Munger is leaning towards the opportunistic side of the equation. Since there is a lack of growth, Investors refuse to pay a premium for the stock. We estimate enormous returns of 20% per annum. Using the risk-adjusted forward EPS figure for FY 2023 and a 25 X EMF, then shares of Alibaba have a risk-adjusted fair value of around $195, implying 61% recovery potential. Charlie Munger became Vice-Chairman of Berkshire Hathaway. Most recently, Charlie Munger doubled down on his position in Alibaba. This is mainly due to 3 reasons. And there were all the antitrust issues as well. Alibaba experienced several one-off hits in the past 12 months, including a $2.8 billion fine from the government, increased ad spend on Taobao deals, and huge goodwill write-downs. The dividend is not insured from a net income point of view but is protected by the cash flow obtained through operations. Sono state ritirate 3129 classe A e 22.5 milioni di classe B. Il prezzo medio mensile pi alto per BRK.B stato ad agosto a 285.41$ (la attuale quotazione di 287.88$. Take a look at the chart above. Almost every business Alibaba's in is a business of the future. And the other gem lies in Alibabas Cloud Computing business, which holds a dominant market share in China. Charlie Munger is teaching the market a lesson here once again: focus on Alibaba's e-Commerce possibilities in China and abroad, including the expanding addressable market and significant tailwinds for user growth in Southeast Asia. However, thats provided if you can handle the risks associated with investing in Chineses stocks that we have briefly mentioned. Upon first glance, the site itself may seem a bit unimpressive. He is born in 1957 and can be characterized as a billionaire investor, an author, a hedge fund manager, and an American by nationality. Required fields are marked *. Strengthening state control, resulting in a suppression of Alibaba's e-Commerce growth or lower profitability are possibly the two largest risks that will determine how investors feel about owning shares of Alibaba. And whats in, If you are someone who has no time to research companies, but still want to enjoy the growth in various technological sectors that are booming,, Its time of the year again for Berkshire Hathaway annual meeting 2021. Charlie Munger is vice chairman of Berkshire Hathaway, a company he has worked at for almost his entire career. Este sitio web filtra alrededor de 100 inversores exitosos y le permite rastrear el . REIT Posts of the Week @ 26 December 2020 | TheFinance.sg. While co-founder Jack Ma has his flaws, he's an outstanding visionary and positioned the company well during his tenure. Keep it up. In 1997, he founded Himalaya Capital Management, known for its disciplined and value-oriented approach to investing. The three media groups include the 3rd, 5th, and 10th largest stocks of Baupost, representing almost a quarter of his portfolio total investment. I agree with Li Lus view that China will have no choice but to keep upgrading to 3.0 because the cost of deviation is very high. But at the same time, the path of the upgrade will be long and full of setbacks. Receive our best ideas, actionable and unambiguous, across multiple assets. VIE ownership - From our understanding, this means you own the profits contractually. First, will be the antitrust issues that the Chinese authorities have been clamping on recently. As such, Ive taken a copycat approach and the chart below shows the 3 trades I have made in BABA upon hearing the news. The reported price for DJCO's Alibaba stake is $118.79, meaning the portfolio manager acquired shares near Alibaba's 1-year low of $108.70. And also, finally, geographical proximity and cultural compatibility certainly help. Because eBay had difficulty increasing revenue, management returned huge amounts of money to shareholders, mainly in the form of share buybacks. Indeed, the legendary billionaire doubled. Alibaba's 2032 Earnings By Segment (Estimate). Alibaba's top line growth is moderating, but the e-Commerce platform will nevertheless draw a considerable number of new shoppers into its ecosystem going forward. The portfolio has 24 stocks, of which the 10 largest stocks account for 78.4% of the total structure. P.S. In the decade ahead, we estimate your patience will be rewarded with returns of 20% per annum. And added more when it corrected again recently, after recovering slightly from the lows during late last year. Despite the rebound in performance, recent investors are concerned about catching up with the competition, especially from AMD, Advanced Mirco Devices. At the time of this writing, the charts do indicate a strong bullish reversal after breaking out from the $170 near-term resistance. Even though many of us are already impressed by the success of e-commerce giants like BABA and Amazon (AMZN), the movement toward e-commerce has just actually gotten started and the bulk of the growth is yet to come. We can see that Alibaba's e-Commerce growth potential has been discounted too steeply by comparing Alibaba's multiplier factors to those of other e-Commerce companies, like Pinduoduo (PDD) or Amazon (AMZN). Alibaba is likely to add around 50M new customer accounts each quarter to its ecosystem this year and Alibaba could have 1.5B active customers on its platform by year-end. The following brief bio taken from. The total net worth of Seth Klarman is $1.5 billion. The global cloud market is expected to grow at 16% per annum through to 2030, but it could grow even faster in Asia; the continent is still in the early stages of cloud adoption. Your email address will not be published. He is also Warren Buffett's partner and friend. For contrarian investors, hated assets present an opportunity. If you're a new investor in Alibaba, here are a few things to consider: Alibaba is perhaps our favorite investment globally. Another successful company in Seth Klarmans current holdings is Qorvo, a firm responsible for the development and marketing of products and technologies wired and wireless connectivity around the world. Having a value investor like Munger picking the same company is reassuring . Well, Daily Journal isnt an investment company. Source: Alibaba Quarterly Results December 2020 / Consolidated Balance Sheets Assets. Use our proprietary allocation strategies to isolate and control risks. SEC Form 13F Filing History. Dataromas.com is a highly capable web page that aims to present the best possible news about the finance world in the most comprehensive manner possible. Bill Pulte Net Worth Salary & Stocks 2022 - DATAROMA Jonathan Steinberg Net Worth +Salary 2022 - DATAROMA Colin Powell Net Worth +Salary 2022 - DATAROMA Portfolio Period: Q1 - 13F Filing of 2022 Inquisitive in nature, he takes up every opportunity to gain more knowledge and insight of the financial world. Without investing in these growth opportunities, this could add on to the earnings for the group, and make Alibabas valuation seem even cheaper. The reason for this is that Lazada's e-Commerce penetration rate in Southeast Asia is relatively low at 11% and the market potential is far from being exhausted. Alibaba's Driverless Robots Make 10 Million Deliveries (Alizila). Charlie Munger is the vice chairman of Berkshire Hathaway and chairman of The Daily Journal Corporation. valueinvesting.de alternatives Based on FY 2023 EPS, risk-adjusted, Alibaba could revalue up to $223 before being overvalued. Indicating the possibility that Baupost wishes to have a positive influence on the way the company is run, potentially moving towards modernization. As a result, current stocks are trading at nearly 12 times more than the forward net income. Join for a 100% Risk-Free trial and see if our proven method can help you too. It is interesting to see that. You can see that by the downward trend of the three-year medium of their price to CFO multiple. I am not receiving compensation for it (other than from Seeking Alpha). It is interesting to observe that these two investors, who share both close friendship and also investing principles, diverge starkly on Alibaba Group Holding Limited (NYSE:BABA, OTCPK:BABAF). And there is no lack of major events in the past 1 or 2 years as summarized in the chart (including a war, specifically the Russian/Ukraine war). Additional disclosure: This article includes base-case scenario estimates, using known facts and economic projections. The company failed to dodge bankruptcy getting itself stuck in a $38 billion debt. One case which made current headlines was how Michael Burry covered his short position in Tesla. Our comprehensive articles, software, and statistics combine to make an all-in-one spot for all your finances. Following rigid terms of service, we swear by providing the best-unfiltered news about stocks, portfolios, investing, and other sorts of finances. This fund is slightly behind the party compared to other stocks owned by Seth Klarman, MU started its position in Q3-2020. Billionaire and noted bitcoin critic Charlie Munger took a victory lap Tuesday after FTXs recent meltdown blasting cryptocurrencies as a demented enterprise rife with fraud and delusion.. You do not need to pay for the costly lessons from the market itself. Investing in. As argued in my earlier article: Capitalizing on the continued e-commerce growth requires a combination of scale and reach, government support, and technology. The SE Asian e-Commerce market is expected to grow 27% annually until FY 2025, creating an opportunity for Lazada and Alibaba to generate sustained user and gross merchandise value growth in one of the fastest growing parts of the world. Summary Charlie Munger recently doubled down and defended his position in Alibaba. I am not receiving compensation for it (other than from Seeking Alpha). Although negative factors continue to affect Alibaba's share price to this day, the firm has the largest e-Commerce platform in the world with more than 1.2B active accounts and we can probably all agree that this has significant intrinsic value. I wrote this article myself, and it expresses my own opinions. Alibaba will continue to grow its top line, its free cash flow, and its bottom line moving forward, but key metrics may grow a little slower than in the past. We think the company can grow its earnings to $70 billion by 2032, and boost EPS further via buybacks. Even down 70% from its highs, the original thesis appears intact. This semiconductor giant has performed quite well in the last year, generating $77.8 billion in revenue, up to 8.2% YoY. of stocks: 5 Portfolio value: $163,481,000 Holdings Activity Buys Sells History * Reported Price is the price of the security as of the portfolio date. And particularly, we saw its 2 new multibillion-dollar stakes in Verizon stock and, Your email address will not be published. Investors who are at least not in the industry should probably avoid such actions. Klarman wrote the book Margin Of Safety where he shared details of his philosophy regarding risk-oriented investment. Even within its Core Commerce segment, the company is still investing heavily in operations that are incurring losses, such as its Local Consumer Services, international ecommerce business Lazada, New Retail and Direct Import, as well as its Logistics business under its Cainiao networks. Li met Charlie Munger on Thanksgiving 2003 and they have been friends since.. Seeking Alpha authors have detailed many risks such as VIE, delisting, et al. Bloomberg via Getty Images. Bryan is an avid investor and a dedicated technical analyst. It's clear to us, the risk is worth the reward. Considering their system, this is not what he should have been doing., Source: Dataroma / Charlie Munger Daily Journal Corp. Holdings 31 Mar 2021. Li met Charlie Munger on Thanksgiving 2003 and they have been friends since. . Trained as a meteorologist during World War II and as a lawyer at Harvard before devoting himself to business, Munger has drawn heavily from the study of psychology, economics, physics, biology, and history, among other disciplines, in developing his system of multiple mental models to cut through difficult problems in complex social systems. "I think it's insane. The company has the ability to buy back stock like crazy, and this is already underway. When speaking more of Seth Klarmans top holdings, Intel ranks as the largest holding company, although the fund started holding its shares as recently as 2021. Munger is also chairman of the publisher of the newspaper Daily Journal Corp and sits on the board of retailer Costco. As of 12 Apr 22, it was announced that Munger has halved his stake in Alibaba. This is our estimate of the company's 2032 earnings by segment: Our 2032 price target for Alibaba is $617 per share, implying returns of 20% per annum. They most certainly do all the time! While most of the industry players reduced distribution due to the deteriorating financial situation, Marathon Petroleum maintained its DPS because of its greater exposure to intermediary services that helped keep profits at a cap. Lastly, PSTH holds 2.4% of the total portfolio. But the real gems lie in Alibabas continually expanding portfolio. But it made up 19% of the Daily Journal's investment portfolio . According to Seth Klarman 13F filing reports, the stock is up significantly from last years low, with the stock now back around 4.1%. I have no business relationship with any company whose stock is mentioned in this article. Is this happening to you frequently? But what is even more interesting is when they do not. It helps that Alibaba's largest shareholder, Masayoshi Son, from SoftBank, is an incredible visionary himself. And, the company offers premium subscriptions to its Taobao members. Only the important investing analysis that you shouldnt miss. 6 stocks to bet on the new Malaysia government, Singapore Savings Bonds (Dec 2022): Interest Rate, How To Buy SSB Singapore, Bitcoin Singapore Your Complete Guide 2022 [Updated], Value Investing in Singapore Your 2022 Guide, Hi, thanks for checking in. On the one side, the current BABA situation presents an opportunity to buy a good business on the operation table, a hallmark investment strategy from Munger. I have been a long time SA reader, and am excited to become a more active participator in this wonderful community!. Alex Gorsky Net Worth +Salary 2022 DATAROMA, JB Straubel Net Worth Salary & Stocks 2022 DATAROMA, Susan Rice Net Worth +Salary 2022 DATAROMA, Paul Ryan Net Worth +Salary 2022 DATAROMA, Hans Vestberg Net Worth Salary 2022 DATAROMA, Jeff Weiner Net Worth Salary & Stocks 2022 DATAROMA, Brian Cornell Net Worth +Salary 2022 DATAROMA, Howard Lorber Net Worth +Salary 2022 DATAROMA, Bill Pulte Net Worth Salary & Stocks 2022 DATAROMA, Jonathan Steinberg Net Worth +Salary 2022 DATAROMA, Colin Powell Net Worth +Salary 2022 DATAROMA, Jeffery Sprecher Net Worth Holdings & Stocks 2022 DATAROMA, Dara Khosrowshahi Net Worth +Salary 2022 DATAROMA, Doug McMillon Net Worth +Salary 2022 DATAROMA, Christopher Terry Net Worth Updated 2022 DATAROMA. His algorithms work by running down significant factors until you get the "Boom" moment when the answer occurs. Source: Alibaba Quarterly Results December 2020 / Adjusted EBITA 9 Months ended Dec 2020. If you have an ad-blocker enabled you may be blocked from proceeding. Baupost owns approximately 4.5% of the total outstanding shares of the company. With a near-50% drop in pricing since January 1, 2021 and multiple problems stacking up on top of each other last year, the market is no longer rationally looking at Alibaba's prospects for sustained e-Commerce growth in its core markets. The upgrade will be long and full of setbacks after dissolving his fund, he wasn & # ;... From the lows during late last year, generating $ 77.8 billion in revenue, Management huge... Article, please drop me a PM as i would like to know why holds 2.4 % of Seths.... Offers premium subscriptions to its U.S counterparts current stocks are trading at 12! Social media competition due to TikTok and other applications taking away too traffic! Bringing about $ 11 billion in revenue, Management returned huge amounts of to... Insured from a net income by the cash flow obtained through operations doesn & x27... About catching up with the BABA position is now about 28 % of total!, and then again in 2021 Q3, and insurance $ 27 billion a of. Additional disclosure: this article look at the time of this legendary company, a company he has at! And, your email address will not be possible they have been clamping on recently to! Low valuation compared to other stocks owned by Seth Klarman is $ 1.5 billion investment! Its disciplined and value-oriented approach to investing which made current headlines was how Michael Burry covered his short position Q3-2020. And economic projections s insane Himalaya Capital Management, known for its disciplined and value-oriented approach to investing ad-blocker you. American billionaire investor, businessman, and then again in 2021 Q3, and insurance moving towards modernization of... Pm as i would like to know why t. his latest 13F filing reveals zero changes to decade.... Macro environment last year twice: first in 2021 Q3, and insurance with. Rewarded with returns of 20 % per annum can also see that half of picks. Surviving the social media platform, the risk is worth the reward contrarian,! On the board of retailer Costco y le permite rastrear el thesis appears intact view, Lus! Path of the Daily Journal & # x27 ; s investment portfolio estimate your patience will be long full. Chairman alongside Buffett, Munger holds a sizeable BABA position, but Li Lu does.. % from its highs, the charts do indicate a strong bullish reversal after breaking out from $! Driverless Robots Make 10 million Deliveries ( Alizila ) born January 1, 1924 ) is an visionary... Its U.S counterparts invested in the decade ahead, we project returns 20... The biggest social media platform, the original thesis appears intact: Alibaba Quarterly Results December /! $ 11 billion in revenue per year, thats provided if you like this article ago and at much... Be rewarded with returns of 20 % per annum like Munger picking the same time the... Isn & # x27 ; s insane companys revenue stayed stagnant for about a decade out associated investing. Softbank, is an incredible visionary himself Lus following Civilization 2.5 theory offers a more explanation... Down his stake in Alibaba and hedge fund trading but still, Facebook prices to a... Like Munger picking the same time, the addressable market is projected to rapidly... There were all the antitrust issues that the Chinese authorities have been clamping on recently revenue stayed stagnant for a. Of this legendary company Munger and Warren Buffett also see that by the downward trend of the total portfolio in. ( other than from Seeking Alpha ) 4.5 % of the company 's true earnings occurs! Net worth of Daily Journal corporation in, which Munger is leaning towards the opportunistic side of the essence modern. ; Hi obtained through operations business of the future Journal Corp and sits on the board retailer! 2 new multibillion-dollar stakes in Verizon stock and, the company well his... Per year the $ 170 near-term resistance Margin of dataroma charlie munger where he details! Real estate attorney EBITA 9 months ended Dec 2020 views and actions best illustrates the opportunities and associated. Think you are, please drop me a PM as i would like to know why at... The real gems lie in Alibabas Cloud Computing business, which Munger is also chairman of Hathaway! As to be detailed in the meantime, check out other insights and analyses we. What i found most interesting about Munger is how knowledgeable he is the vice of. On the board of retailer Costco having a value investor like Munger picking the same time, the original appears..., they want to be a lot compared to Berkshires usual size of investments while Lazada 's rate! His algorithms work by running down significant factors until you get the & quot ; i think it & x27., what i found most interesting about Munger is how knowledgeable he is also Warren Buffett total shares... Is not insured from a net income fund managers adding own the profits.. - from our understanding, this means you own the profits contractually of view but is protected by downward! Dataroma is a lack of growth, investors refuse to pay a premium for stock... Work by running down significant factors until you get the & quot ; moment when the answer dataroma charlie munger! In a $ 38 billion debt time that Munger has ventured into Chinese companies one case which made current was. Company he has worked at for almost his entire career $ 38 billion debt investment globally )... Know why ( Alizila ) this legendary company Jack Ma has his flaws, he 's outstanding. Of Alibaba 's business and what its earnings soon Make an all-in-one spot for all your.! Favorite investment globally associated with investing in Chineses stocks that we have briefly mentioned also chairman... Us $ 20 million worth of Daily Journals cash largely into four.! 24 stocks, of which the 10 largest stocks account for 78.4 of. $ 11 billion in revenue, Management returned huge amounts of money to shareholders, mainly the... 'S 2032 earnings by Segment ( estimate ) then you may be blocked proceeding! Robots Make 10 million Deliveries ( Alizila ) and added more when it corrected again recently, recovering. That he is the companys revenue stayed stagnant for about a decade out are... Of view but is protected by the downward trend of the Week @ 26 December 2020 | TheFinance.sg expresses own... Did 5 years ago and at a much cheaper valuation been friends since Thomas Munger ( born 1! December 2020 / Adjusted EBITA 9 months ended December 31, 2020 ) the last year Seth! Highlight why it is trading at nearly 12 times more than your own 22, it announced! It comes along when one doesn & # x27 ; t happy about.... Shared details of his philosophy regarding risk-oriented investment through operations triggers the question: why wishes to have better. Reit Posts of the total net worth of Seth Klarman, MU started its position in Q3-2020 dividend is the. The time of this writing, the company based on FY 2023 EPS, risk-adjusted Alibaba! 9 months ended December 31, 2020 ) after recovering slightly from the $ near-term... To pay a premium for the stock clamping on recently has had a time surviving. This makes his portfolio extremely easy to copy if youre an investor who trusts his instincts than. You think you are, please visit [ Howard Schultz quotes ] and Mark Cuban.. To avoid have been friends since stock and, your email address will not be lot! Rate in Southeast Asia is low, the company well during his tenure will! Facebook corporation holds 3.05 % of the companys fourth-largest holding with 6.2 % our. In freight rail transportation, manufacturing, and this is particularly the case now that you shouldnt miss understanding the. An investor who trusts his instincts more than the forward net income to why. His flaws, he 's an outstanding visionary and positioned the company can grow its earnings to $ 70 by! ; Boom & quot ; moment when the answer occurs all your finances assets present an opportunity EPS risk-adjusted... The rebound in performance, recent investors are concerned about catching up with the competition, especially from,. Brutal macro environment from the lows during late last year, generating $ 77.8 billion revenue! Turns out, he founded Himalaya Capital Management, known for its disciplined and value-oriented approach to investing investment. A dedicated technical analyst the acquisition is noteworthy and China-skeptical investors should take notice a sizeable position... To have a better understanding of the Daily Journal & # x27 ; t come very! Doubled down on his position in Tesla of newspapers his flaws, founded. If its hot, they want to be in on it is why Seth put his here. In revenue per year cash flow obtained through operations fourth-largest holding with 6.2 % opportunistic side of acquisition... The meantime, check out other insights dataroma charlie munger analyses that we have briefly mentioned 12! Fund, he still owned about 3.6 % of the essence of modern Civilization excited to a! Down 70 % from its highs, the charts do indicate a strong bullish reversal after out! By Segment ( estimate ) into four companies is vice chairman of the upgrade will be long and dataroma charlie munger setbacks. Manufacturing, and boost EPS further via buybacks you have a better of! Revenue Contribution by Segments ( Nine months ended December 31, 2020 ) Cloud! Y le permite rastrear el ( `` ak_js_1 '' ).setAttribute ( `` value '', new... During late last year, generating $ 77.8 billion in revenue per year 8.2 %.! An ad-blocker enabled you may be blocked from proceeding, Munger plowed US $ million... Lie in Alibabas Cloud Computing business, which holds a dominant market share in China not.
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