Munger invested in Alibaba first in 2020. There is no question about his advanced age. But here the issue is not whether Munger was young or old. The question is of having processes in place (safety nets) which saves you from yourself even if you are old or sick or have some other temporary or permanent challenges. Mistakes can and will be made. How can you reduce the impact of those mistakes is the lesson we need to take away from this.
source: Charlie Munger: 2022 Daily Journal Annual Meeting Transcript | Junto
It is not that Munger does not understand the business of Alibaba. It’s just that he allowed his love for China to overshadow his natural scepticism IMO.
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