The late Charlie Munger said investing in Alibaba was a huge mistake. He might have been wrong. [Yahoo! Finance]
Gannett Co., Inc. (GCI)
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Source: Yahoo! Finance
Warren Buffett's late business partner may have been too harsh, as the stock has soared 74% since then. As Daily Journal's chairman, he built a $72 million stake that made up nearly 30% of its portfolio. Charlie Munger labeled his Alibaba wager one of the worst mistakes of his career shortly before he died. The legendary investor may have been too hasty in writing off his last big bet. A broader Chinese tech rally has boosted Alibaba stock by 56% this year, and 74% since Munger's death in November 2023. The e-commerce giant's shares have rallied to their highest levels since November 2021, although they still trade at less than half their October 2020 peak. Munger, Warren Buffett's right-hand man and Berkshire Hathaway's vice-chairman for more than 40 years , invested both his family's money and some of Daily Journal's spare cash in Alibaba. Daily Journal is a newspaper publisher and legal software supplier that Munger chaired from 1977 to 2022. Starting in 2009, he grew it
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GCI
Sec Filings
- 11/18/25 - Form 8-K
- 11/14/25 - Form SCHEDULE
- 11/14/25 - Form SCHEDULE
- GCI's page on the SEC website