Explainer | BYD, Alibaba, Shanghai Jahwa: Warren Buffett’s deputy Charlie Munger leaves behind ‘immortal benchmark’ of legendary China stock bets
- Charlie Munger’s investments included Alibaba and China-listed firms like Henan Shuanghui and Dong-E-E-Jiao
- BYD hails Munger’s role in investing in the company in 2008 and ‘establishing an immortal benchmark in the investment world’
Munger’s portfolio, held through his investment vehicle, US publishing company Daily Journal, included many other Chinese companies such as e-commerce giant Alibaba Group Holding. Munger was the board chairman of Daily Journal.
He also invested in some of China’s biggest onshore listed companies, such as pork processor Henan Shuanghui Investment and Development, and Dong-E-E-Jiao, a traditional Chinese medicine maker that uses donkey hide as an ingredient.
Here are some of Munger’s views:
On Chinese stocks and geopolitical tensions
While admitting it was more difficult to invest in China than in the US because of policy uncertainty and geopolitical tensions, Munger said at Berkshire’s annual meeting in May last year that he invested in China because he could get much better companies at much lower prices.
“No question that the government of China has worried US investors more in recent months than it has in years. That’s really affected some internet stocks,” he said.
