I’ve a sell order at $300!
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Damn. Since lots of people are affected by Charlie Munger’s move to increase his BABA position, do you think he has a sell order and at how much? 
I would say he doesn’t has one, he is a long term guy.
Target for the short term is around 250$ imo.
He’s 97 years old, how long term can he be!
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Yeah, that’s what I thought! 
A lot of people have missed opportunity not to invest in Bitcoin and Altcoin because they blindly believe what CM and WB were saying.
People fail to see that you should not be expecting the people similar age of CM & WB to have interest to learn and therefore have sufficient knowledge to make decision about Blockchain, what blockchain could do to reduce the transaction cost.
If you are doing value like investing Like Coca-Cola, American Express, IBM, PG, etc it might be a good idea to listen to them.
This is what they are saying about BTC
They obviously called that incorrectly at this moment in time.
But with that being said, I do believe they also deserve a little more respect that being referred to as grandpas as they’ve done pretty well really haven’t they? There view would also be different to ours as you only need to get rich once, so why risk losing it when you’ve got tens of billions in the bank?
Bitcoin is/has also been a risk and it’s currently working out; so good on those that have been long on it. And yes, I am gutted for not catching it early but you have to stay within your own personal risk tolerance.
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I’m with you! I agree that looking to to two dinosaurs for investment advice in blockchain and crypto is foolish! As Joe said though, you have to give credit where credit is due.
If we’re not careful, this BABA thread will turn into another crypto thread!
We should keep this topics of who is right/wrong for 10-20 years time frame.
I believe then we can give some assessment.
Anyway this is BABA thread.
I still see troubles ahead. So there might still be plenty of buying opportunity at ludicrous levels. 
but usually I am wrong 
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This was quite interesting news, note its designing not manufacturing it right now it seems, but as semiconductors/chips are something which countries are wanting to have domestic control over it will be worth seeing in China who is supported by gov/allowed to build this space up.
Warren Buffet is 91 years old, Charlie Munger 97. In 2001, fund managers, journalists and reddit gurus whose portfolio grew by 10 times in a couple of months talked that WB and CM don’t understand modern investing, their time has passed. All those big fund managers, journalists and message board gurus are gone, only WB and CM are still there.
The most interesting thing is how history repeats.
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You didn’t lose money because you didn’t sell those shares you bought for $ 150. Maybe tomorrow price jumps to $ 550, no one can know. You only make/realise a profit or loss when you sell them. If you paid them $ 200 (50 + 150) and sold them for $ 98, you will not pay taxes (regardless of FIFO).
If you want to keep some shares, you will sell them all, realise the loss, and then buy shares you want to have.
Because their portfolio grew 10 times in a couple of months and they all lived happily ever after?
I see the point you’re trying to make, but you’re comparing institutional investment with retail so it might not be entirely fair.
Yes, like a gambler who sold all his property, went to Las Vegas and multiplied his money. After he left the casino, he never wanted to go in again and make more money.
No one ever.
I highly respect WB&CM especially following them for value investing. It is only that I do not blindly follow every word they are saying as I am doing both value intesting and high growth investing. I am currently investing in BABA. In fact this is my second largest holding after TSLA for individual stocks. I have been holding a bigbag called BABA for more than a year now as I keep DCA but keep dropping. But I bought BABA not because CM keep buying BABA but because of my own decision so never regret it. Also, I believe I will be able to exit at some point in the future.
But I just want to highlight about this remark “The most interesting thing is how history repeats”. It seems some people fail to recognise that you could not expect the people to continue to perform a pristine performance like when they were in their prime. Just look at this graph and draw your conclusion.
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How long do you plan to live? A month, a year or, for example, 30-40 years? If you plan to live a year, look at that graph, if you plan to live another 30 years, extend it to 30 years.
P.S. unable to edit the deleted comment, Jobloggs attached a graph you should look at.
What’s does that dividend benchmark consist of?
Basically, it tracks if you invested 10k $ in SP500 vs BRK.A in 2001.
So BRK obviously 0 dividend.
It tracks SP500 dividend payout since purchase. So for SP500 dividend is 0.6% of annual rate of returns.