In three recent interviews, investor Mohnish Pabrai revealed why he sold Alibaba (BABA) stock, and swapped the investment for Tencent instead. He also revealed what he now thinks of both companies as investments.

Related video:

Mohnish Pabrai: “The best way to invest is…”
https://youtu.be/lxl2bIS1o6c

Timestamps:

00:38 Super-investors who own BABA

02:02 Value investing in China - the risks

03:03 Why sell BABA, and why at that time?

04:12 Tax loss harvesting

05:14 The superior business

06:07 BABA bull and bear points

07:54 Did Pabrai make the right long-term decision?

09:00 Acceptable error rates - John Templeton

Mohnish Pabrai interviews referenced in the episode:

Mohnish Pabrai’s Q&A session with the Asian Institute of Technology, Bangkok on August 30, 2022
https://www.youtube.com/watch?v=wz8N5CkTA2w

Mohnish Pabrai’s Talk with CFA Society of Mexico on August 17, 2022
https://youtu.be/MYR0tWgstMI

Mohnish Pabrai Interview (1/4) - Everything money - 20 Dec 2021
https://www.youtube.com/watch?v=ELRBmkAv01I

Disclaimer: I am not a financial adviser. This content is for education and entertainment purposes only. Do your own analysis and/or seek professional financial advice before making any investment decision.