BusinessCharlieMunger

Charlie Munger’s Firm Doubled Down on Alibaba Investment

Warren Buffett‘s longtime partner Charlie Munger has disclosed that a firm that he chairs nearly doubled an investment in the Chinese internet giant Alibaba Group Holding.

Munger, the vice chairman of Berkshire Hathaway (ticker: BRKb), is also the chairman of Daily Journal (ticker: DJCO), and provides the firm with investing expertise. Daily Journal publishes newspapers and websites covering California and Arizona, and produces information services; it also owns large stakes in stock, with a portfolio valued at $225 million…

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