No. of Recommendations: 10
Speaking of Charlie, is this quote reported on Twitter really true?
"Charlie Munger: 'I regard Alibaba as one of the worst mistakes I've ever made.'"X (Twitter): Tren Griffin on X: "Charlie Munger: "I regard Alibaba as one of the worst mistakes I've ever made."" / XNot that I necessarily disagree with the notion, but the quote seems to be a bit implausible at first blush.
Mr Munger usually has pretty firm conviction about his decisions.
(note also who replied to the tweet)
Yet again on the notion of his staying in character, National Post gives this quote:
"Munger says he used 'a little bit of leverage' for recent investment in alibaba; says most people should avoid leverage but not everybody..."Yet another snipped also from the Post:
'I think people who oppose my position are idiots,'Now, that one has the ring of truth to it.
Good on him--I too am never at a loss for an opinion.
Jim
