Charlie Munger on Jack Ma and Alibaba: One of the WORST Mistakes | DJ 2023 【C:C.M 278】

Charlie Munger, the Vice Chairman of Berkshire Hathaway, shares his thoughts on the situation with Alibaba and Jack Ma's public speech criticizing the Chinese Communist Party. Munger reflects on his investment in Alibaba and why it turned out to be one of his worst mistakes. He also discusses the importance of understanding the competitive nature of the internet as a business and how geopolitical events can impact foreign investments. Watch the video for Munger's insights on investing in China and his philosophy on leveraging.

Charlie Munger's Recommended Book List:

► 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.

YAPSS Playlist – Collection: Charlie Munger:

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Charlie Munger on Jack Ma and Alibaba: One of the WORST Mistakes | DJ 2023 【C:C.M 278】

[jimparsons]

Liked the comment about the 'Bear's nose getting poked with a sharp stick.' Words to live by.

[stefantoth]

Everybody makes mistakes. He is a great man and doesn‘t hide his mistake and admitted it…respect to him!

[seans]

The only time I followed him turns out to be his most devastating mistake. I am a such lucky bastard 😢

[goodfty]

Malarkey* not "monarchy", you people need to do better on your subtitles.

[CharlesKal]

Charlie Munger, acknowledging his mistake. Cool guy.

[sumanthm]

Charlie Munger for all his greatness, criticized India and praised China. Somethings become clear in the long run and the short term dazzle can be blinding.

[patbateman]

I also learned from Munger's mistake. I invested in Alibaba almost entirely because he did. Now he's saying he screwed up it makes me feel very stupid for blindly copying someone's investment decisions without properly thinking for myself. Currently -41% negative. Lessons learned!

[keithrobert]

"The Internet is not gong to be a cakewalk." Yes, the Internet is already a mature industry. So, everyone is competing for a shrinking cake.

[MidwestOptimist]

His stupid mistake was thinking Alibaba was more than retail. AMAZON COSTCO WALMART (all RETAIL)

[robinwagstaff]

it's unclear to me if using Leverage or Alibaba was the worst mistake, as Munger has an absence size position in Costco, which is a gawd dam retailer also in a competitive space in the US, with no cloud division with advanced AI capabilities like Alibaba. I would not argue that it was a mistake at the price he paid.

[drewyoung]

Imagine going back to late 90s and Amazon was losing money for an online bookstore. Yes books were once read. Owner paid himself 1/4MM yr on losing business. How would average investor know it was a good choice? Just luck.

[Hunter-gobv]

In short Mr. Hunger and Mr. Buffet list tons of money investing in Chinese stocks, period.
In China the CCP controls the market not the tech CEOs.

[alvinkusnanto]

So has he sold his stake in BABA? By a contrarian play, from all time highs, wouldn't you be buying more since it's more than 70% from its 2020 highs? Or is the macro / political risk too high (did the government also buy alibaba and aiming to make it private?)

[crossmanbluev]

No he didn’t got arrested for criticizing the China government. Make your investigations better

[JJ-ixzr]

😂😂😂 jack ma is selling now more than 10m shares, not even him believes in his company anymore, in other hand Elon musk is the biggest share holder of his companies .

[annasillanpaa]

Wow! Jack Ma said NOTHING what Munger claims. Ma was not out of line. Ma said something like "there is problem in the Chinese banking system". I guess Munger has excuses for the CCP's vast human rights violation also 😢

[chenalex]

jack ma is just stupid, in his speech he said he dont like money, if u dont like your money, why dont u just donate all his wealth

[SkankHuntForty]

This is nothing new. This is old content.

[Laverne-wlqq]

I created the allibaba app and it was stolen from me

[donrektmeplease]

Jack Ma spoke the truth to benefit the Chinese people. It was not about money, it was about the care for his people. So what Charlie lost money, he gambled and he lost.