What Happened To Charlie Munger's Alibaba Shares?

What Happened To Charlie Munger's Alibaba Shares? | Charlie Munger Was Right? | Stonks!
In the past, Many investors have criticized charlie munger for taking a position in alibaba stock. No sane investors could possibly want to buy company shares from china. Considering their authoritarian regime and their zero covid policy were stifling the economy and causing civil unrest. Which is bad for business. Even charlie Munger himself sold half of his Alibaba shares a couple months after buying them.
The goal of this video is to find out what happened to munger's shares.
For those of you who aren’t aware. Alibaba is the largest ecommerce company in china. They have many business interests including payment processing and other financial products through thier subsidiary ant financial.
All of that came crumbling down one day. Not because of poor business decisions or money losing shenanigans. But because of a certain man called jack ma. He was the founder of alibaba and a widely respected one at that. What happened was that Jack Ma insulted China's government indirectly in a public speech. China’s government has a track record of being authoritarian and controlling so free speeches are a big no no there. Obviously the CCP was angered and launched a massive crackdown on its tech companies. They shut down ant financials ipo which was supposed to make it the most valuable company in the world and launched investigations into large companies like didi.
Many companies in China freaked out and began offering billions of dollars to charity at the expense of company profits to appease the CCP by showing they were doing something to support their common prosperity drive. Investors overseas were shocked by what China's government was doing and they exited Alibaba's stock. Forcing the once proud company’s stock price to dip by more than third of its original value.
Charlie Munger sold half of his alibaba shares but kept the rest. He got a lot of flak for this.
//some time has passed. And it Turns out Charlie Munger's decision wasn’t too horrible.
Alibaba’s stock is rallying. It has risen by more than 34% in the past month.
But why?
There are many reasons. Jack ma the one who pissed of china’s government was already forced to step down from both alibaba and ant financial.
So he’s out of the picture. China's government has stopped their crazy zero covid policy so more people can move around in the open, freely now. Once the lockdowns were over, the Chinese people continued doing what they did best, which was rebuilding the economy. China's economy is improving. Investors are optimistic about China's possible return to normal after years of absurdity. Perhaps the worst was over. This year in January 2023, it was revealed China's government has taken golden shares in alibaba in an attempt to control their internet giants.
A golden share is a type of share that gives its shareholder, in this case the china’s government veto power over changes to the company’s charter along with voting rights and the ability to block takeovers or acquisitions by other companies. Brazil does this for its state owned companies, and so does the Uk.
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