CHARLIE MUNGER SOLD ALIBABA (REACTION & ANALYSIS)

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After I finished hyperventilating, I made this video about the recent news that Charlie Munger sold 50% of Daily Journal's Alibaba shares.

According to Barron's:
Daily Journal , which Charlie Munger had served as chairman until recently, cut its investment in the Chinese online giant Alibaba Group Holding in half. Daily Journal (ticker: DJCO) sold 302,060 Alibaba (BABA) American depositary receipts in the first quarter to reduce its investment to 300,000 ADRs, according to a form it filed with the Securities and Exchange Commission. That is a reversal from the fourth quarter, when Daily Journal bought 300,000 Alibaba ADRs. Munger, who relinquished the Daily Journal chairmanship on March 28, declined to comment on the sale of Alibaba stock. Munger, who is better known as the vice chairman of Warren Buffett’s Berkshire Hathaway ( BRK. B), had been Daily Journal’s chairman since 1977, providing investing expertise to the company.
Link - https://www.barrons.com/articles/charlie-munger-alibaba-51649700752