I've been working on a writeup of Munger's Alibaba (BABA) blunder for a couple weeks.
Once the article is released you're going to learn a great deal of things.
For now, I'll leave you with a brief introduction as well as a few annotated images.
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Were you holding shares of Alibaba (BABA) or other Chinese stocks when they collapsed?
If so, you'll want to read this article.
If not, you'll still want to read this article because it contains quite a bit of educational material you aren't likely to find elsewhere.
Unfortunately, most people have forgotten how critical it is to know the credibility and reliability of the sources they choose to follow.
Instead of checking credentials and track records, they go by the number of likes, fake comments and reviews and heresay from people they have no idea about.
Those who are unfamiliar with me can find out more about my credentials, my background, as well as my investment research track record here, here, and here.
The reader can examine my track record of predicting the 2008 financial crisis and enabling investors to capture life-changing profits by checking here, here, here, here, here, here, here, here, here, and here.
Investors who fail to examine the track records of those they listen to are the same kinds of people who trust online reviews without knowing who wrote the reviews, whether the reviewer has good judgment, and whether the reviewer has an agenda, such as having been paid to write the review.
In case you weren't aware, most online reviews are about as legit as the likes you see on social media. They're FAKE. And that's a fact.
If you did not already know that, you're in deep trouble.
For quite a long time investors have been exposed to various dangers that arise after listening to and reading content from the financial media. As previously mentioned, I have documented many of these dangers which can be found on this website.
In a nut shell, the financial media's objective is to transform its audience a "pigeon" so that its advertisers (Wall Street and other financial firms) make out at their expense.
But in recent years, financial and investment disinformation have become much more widespread and detrimental to those who consume it due to the explosion of Gen Y and Gen Z fraudsters posing as investment gurus online.
I have recently begun to expose this army of scammers and fake investment gurus from YouTube and social media.
See here, here, here, here, here, here, here, here, here, here, here, here, here, here, here, here, here, here, here, here, here, here, here, here, here, here, here, and here for a few examples of publications on this topic.
There are many more on this topic that have already been published and many more on the way.
An excellent case illustrating the dangers of listening to the financial media and fake investment gurus for investment advice and/or investment "education" can be seen by examination of Charlie Munger's purchase of Alibaba (BABA) which began in 2021.
In short, if you got stuck holding the Alibaba (BABA) bag when it emptied, you should strongly reconsider where you go to for investment and economic insights.
For instance, please answer the following questions...
1. Do you watch CNBC, Bloomberg or FOX Business?
2. Do you read investment periodicals like the Wall Street Journal or Barron's?
3. Do you read content from investment websites?
4. Do you listen to idiots and con artists (i.e. influencers and fake investment gurus)?
If you answered "Yes" to any of the above questions, I regret to inform you that you're in deep trouble.
Check back soon for the two-part article addressing this topic.
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