Charlie Munger.AP Images / Nati Harnik Charlie Munger's Daily Journal spent $118 million on stocks in the six months to March 31. The investor sold $81 million of stock, and borrowed $43 million on margin to make the purchases. Daily Journal likely cashed in some BYD shares, and sold half of its Alibaba stake at a loss. Charlie Munger's Daily Journal piled $118 million into stocks in the six months to March 31, Securities and Exchange Commission filings show.The newspaper publisher and legal-software supplier funded the purchases by cashing out $81 million of other stocks, and borrowing $43 million from its margin-loan account, in the period.Munger is best known as Warren Buffett's business partner and the vice-chairman of Berkshire Hathaway.
Comment on Charlie Munger's Daily Journal spent $118 million on stocks in 6 months — and took out $43 million of margin debt to help
tmohamed@businessinsider.com (Theron Mohamed), Business Insider
Mon, 05/23/2022 - 5:32am
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