Homepage
PR Newswire
(28-07-2021, 11:15 AM)karlmarx Wrote: ..
In any case, the going had been good for the early owners of these tech stocks. Only the late comers suffered.
IMO, investing in general is about having some kind of insight about the future. In this case, right now (~HKD180), is Alibaba still "early" or "late"?
I'm inclined to believe it's still very early. Still haven't seen the full fruit of their labor in chip design and cloud, which I feel is very critical for China's current 5 year plan (2021 - 2025): https://en.wikipedia.org/wiki/Five-year_plans_of_China
“If you buy a business just because it’s undervalued, then you have to worry about selling it when it reaches its intrinsic value. That’s hard. But if you can buy a few great companies, then you can sit on your ass. That’s a good thing.” - Charlie Munger