Munger’s Daily Journal Betting on Alibaba

Though the Chinese political leadership and the rest of the world are on a war of words and a war path echoing the bugle of the Third World War - a black horse betting on China is Munger's Daily Journal, and they are buying shares of Alibaba and adding more fire power into its growth graph. Daily journal owns now 302,000 shares from its earliest possession of 165,000 shares of Alibaba. This is equal to $45-M investment. When Munger praised China a few days ago, none knew what was in his mind. The isolated China and power shortage are bleeding its economy. When China is at its low, Munger found an opportunity to buy shares like any talented investor. Charlie Munger is the VP of Berkshire Hathaway.