I’ve only seen this 1m 30 sec clip that the CCP have worried investors more than in recent months/ years than previously. He mentions they recognise this and have changed their tune, possibly the reason for the recent rebound and could be a bottom for Chinese tech…
Overall he took the view that he could get more bang for his buck with a little political uncertainty. It’s an interesting insight as to how Charlie weighs up risk and reward. Pabrai mentioned Alibaba and Tencent being the CCPs Golden Geese and an integral part of the Chinese ecosystem. They talk so I’d guess this is also Charlies view.
Three questions factored in my own cloning investment thesis aside from attractive valuation. Will they still be around in 10plus years?, check. Will the Chinese economy be the biggest economy in the world by then?, check. Could this be considered a slap on the wrist in terms of regulation?, likely.
Any other comments?