Charlie Munger, the late vice-chairman of Berkshire Hathaway, categorized his investment in Alibaba as one of his worst just before his death. However, following his passing, the stock experienced a remarkable surge of 74%. Munger had invested heavily in Alibaba through Daily Journal, at one point comprising nearly 30% of its portfolio. As of early 2024, the Daily Journal reduced its stake significantly, reflecting a notable change in strategy regarding this investment amid broader rallies in the Chinese tech market.
Charlie Munger labeled his Alibaba wager one of the worst mistakes of his career shortly before he died. Ironically, the stock has since soared by 74%.
Munger's Alibaba stake, at one point making up nearly 30% of Daily Journal's portfolio, showcased his initial belief in the e-commerce giant's potential.
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