I of course don’t have insider information. My stance is something close to Buffett’s advice “be fearful when others are greedy, and greedy when others are fearful”. I interpret that as basically that markets tend to be overly reactionary and if you go by fundamentals representing the value of a stock you can potentially outperform the market in the long run. To your questions, yes disaster may really occur, but my opinion is that these risks are not sufficient to pass up the value here. I’ll also note that Charlie munger has been acquiring a substantial stake in BABA, which makes me more confident in its value at its current price.
I of course don’t have insider information. My stance is something close to Buffett’s advice “be fearful when others are greedy, and greedy when others are fearful”. I interpret that as basically that markets tend to be overly reactionary and if you go by fundamentals representing the value of a stock you can potentially outperform the market in the long run. To your questions, yes disaster may really occur, but my opinion is that these risks are not sufficient to pass up the value here. I’ll also note that Charlie munger has been acquiring a substantial stake in BABA, which makes me more confident in its value at its current price.