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"Charlie Munger: 'I regard Alibaba as one of the worst mistakes I've ever made.'"
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Yes, he said that and words to that effect in a variety of ways.
He also, said when asked about insurance, words to the the effect that, I self-insure. Any smart person with means would do that. When Becky asked if owning multiple insurance companies that was his response...to which he said he's not going to tell it differently just because he's in the insurance business and it would be good for Berkshire.
Charlie was the reason I made the decision to pull the trigger to buy Berkshire in 1995. He'd always tell the truth.
