Homepage
PR Newswire
Closed out my small (1.5%) position in Alibaba.
Still hugely positive of the management, the mission, the business model, and the long-term trajectory of Alibaba; but Xi is an unknown factor that I increasingly feel I can't price.
I have learnt a lot about China, and discovered many Chinese experts during the course of my investment (since late Dec 2016); whom I will continue to follow. Good luck to buddies that is long one of the most important, and value-creating companies in China. This is probably a mistake, their fundamentals remains intact, but I'm not confident this will stay the same in the future (which may or may not be determined purely by market forces).
Humbled. Peace.
Still hugely positive of the management, the mission, the business model, and the long-term trajectory of Alibaba; but Xi is an unknown factor that I increasingly feel I can't price.
I have learnt a lot about China, and discovered many Chinese experts during the course of my investment (since late Dec 2016); whom I will continue to follow. Good luck to buddies that is long one of the most important, and value-creating companies in China. This is probably a mistake, their fundamentals remains intact, but I'm not confident this will stay the same in the future (which may or may not be determined purely by market forces).
Humbled. Peace.
“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