Charlie Munger must really, really like China's Alibaba
CNN
Charlie Munger, the longtime pal of Berkshire Hathaway's Warren Buffett, is apparently a very big fan of Alibaba... even though the 98-year-old has recently praised the Communist government of China for cracking down on the Chinese e-commerce company and cloud giant.
Munger, who is a vice chairman at Berkshire Hathaway (BRKB), also runs his own publicly traded company, newspaper publisher and investment firm, Daily Journal (DJCO), which has nearly doubled its stake in Alibaba (BABA) for the second time in recent months.
According to a Tuesday filing with the Securities and Exchange Commission, Daily Journal owned 602,060 shares of Alibaba as of the end of 2021, a stake worth $71.5 million. That's almost double its holdings as of the prior quarter, when Daily Journal owned 302,060 Alibaba shares, valued at the time at $44.7 million.
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