In the first quarter of 2021, a new position appeared in the US portfolio of Mohnish Pabrai’s Pabrai Investments. In recent years, the value investor has been investing heavily outside the US, as he has struggled to find any interesting North American opportunities for his portfolios.
Q4 2021 hedge fund letters, conferences and more
Yet, in the first quarter of 2021, Pabrai initiated a new position in Alibaba.
Shameless Cloning
Pabrai’s decision to buy came soon after it was reported that the Daily Journal, the publisher where Charlie Munger sits as chairman, had built its own position in the Chinese e-commerce retailer.
As Munger and Pabrai are close friends, and the latter...
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