Alibaba is Cheap, and Altaba Makes it Cheaper

I have been buying shares of Altaba (AABA) over the last couple weeks. Altaba is the leftover stub that used to be Yahoo. It is now basically a holding company that owns stock in Alibaba. The NAV of AABA trades for a sizable discount to their stake in BABA. And even...

JD Update

Here is a note I sent to my investors just now, and I wanted to share it here with readers. Below is a copy of the note. Dear Investment Partner: I hope you had an enjoyable summer. I wanted to send a brief note with a few comments. One, I took a trip to China over...

Some Updated Thoughts on Tencent

Yet again, another incredibly mundane title.... but I'll be optimistic when I say let's continue with some (hopefully) more interesting thoughts -- at least interesting to me if no-one else :) Last week, I wrote a post on my trip to China. For those who haven’t read...

One Foot Hurdles and Berkshire’s Buyback

There was an interesting press release that came out this week at Berkshire Hathaway. I wanted to post some very brief thoughts, but first just a quick introductory comment that might be somewhat related to the topic... I was writing some thoughts for my mid-year...

Banks Are Gushing Cash and Look Cheap

For the first time since the correction in the stock market in February, I am getting interested in a few investment ideas. A few of the ideas are in unexciting companies (unexciting in the sense that they are well-known and have been discussed plenty of times before…...