Charlie Munger reflects on Alibaba's Mistake, What goes WRONG? | Daily Journal 2023 【C:C.M 299】

In this captivating video, Becky Quick interviews Charlie Munger, uncovering the importance of destroying bad ideas in the investment world. Charlie reflects on a bad idea from 2022, where he got overcharmed by online retailing leaders and overestimated future returns from Alibaba. Gain valuable insights on avoiding common pitfalls and refining investment strategies for better decision-making. Don't miss this opportunity to learn from one of the most successful investors in the world.

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► Video Transcript & YAPSS Takeaway:
This is Daily Journal Annual Meeting with Charlie Munger on February 15, 2023.

☆Who is Charlie Munger?☆
Charlie Munger is vice chairman of Berkshire Hathaway and the closest partner of Warren Buffett. He is one of the best investors ever existed with his profound wisdom in investing, business and life. Prior joining Warren Buffett at Berkshire Hathaway, Charlie Munger ran an investment partnership that returned an average of 20% per year from 1962 to 1975. Meanwhile, the S&P 500 averaged an annual return of just 5% in that time.

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Charlie Munger reflects on Alibaba's Mistake, What goes WRONG? | Daily Journal 2023 【C:C.M 299】

[mahdi]

I love the fact that you add subtitles. Oftten its hard to understand what Charlie says, so subtitles are very helpful. Thank you

[TheSaintGambler]

Munger underestimated the China discount that's why. US is a market where rules of law are well defined and it's easier to ignore macro and political factors.

CN is a whole lot different. The fact that he hasn't sold his shares shows that he is still betting shows that he is betting the CN govt will pull out all stops to support the economy