12-22-2021, 11:28 AM
Monish pabrai sold $baba for Prosus.
<!-- SC_OFF --><div class="md"><p>On the Everything money interview Monish Pabrai announced he sold Alibaba to buy Prosus, for its tencent stake. (And to tax lost harvest)</p> <p>Investing in Prosus means you're buying tencent at a discount because prosus' market value is less than the value of it's tencent shares. </p> <p>However Naspers, the parent company of prosus, trades at even bigger discount.</p> <p>So why did Pabrai buy Prosus over Naspers, and do you think it's worth purchasing tencent through a third party like prosus who could sell their tencent shares?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Afro_Superbiker"> /u/Afro_Superbiker </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/rlzu6c/monish_pabrai_sold_baba_for_prosus/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/rlzu6c/monish_pabrai_sold_baba_for_prosus/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>On the Everything money interview Monish Pabrai announced he sold Alibaba to buy Prosus, for its tencent stake. (And to tax lost harvest)</p> <p>Investing in Prosus means you're buying tencent at a discount because prosus' market value is less than the value of it's tencent shares. </p> <p>However Naspers, the parent company of prosus, trades at even bigger discount.</p> <p>So why did Pabrai buy Prosus over Naspers, and do you think it's worth purchasing tencent through a third party like prosus who could sell their tencent shares?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Afro_Superbiker"> /u/Afro_Superbiker </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/rlzu6c/monish_pabrai_sold_baba_for_prosus/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/rlzu6c/monish_pabrai_sold_baba_for_prosus/">[comments]</a></span>Kind Regards R