Charlie Munger started buying Alibaba in the first quarter of 2021, averaged down on paper losses along the way, and finally exited with a 40% loss through forced liquidation.

Munger publicly admitted that this was one of his worst mistakes, leaving behind that classic line: Alibaba, at the end of the day, is still a retailer.

Less than a year later, the old man passed away suddenly, rumored to have been angered to death by Alibaba 😂