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12-10-2018, 01:10 PM
Indeed. I'm a believer of Tencent long term. If they continue to grow top line 30% like last quarter for the next 3 years (a feat that was a far cry from what they achieved for the last 10 years growing at least 40%), and is valued similarly today (which is not high by any measure), they could easily double from current price and then some.
(not vested)
(not vested)
“If you buy a business just because it’s undervalued, then you have to worry about selling it when it reaches its intrinsic value. That’s hard. But if you can buy a few great companies, then you can sit on your ass. That’s a good thing.” - Charlie Munger