저자: DavidTepper · 외국인
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David Tepper는 최근 중국 정책 부양 기대로 알리바바·JD·PDD 등 중국주를 적극 매수했고, 알리바바 비중을 12%에서 24%까지 늘릴 수 있다고 언급. 중국 주식 시장이 현재 최고 성과를 내고 있으며 바닥 대비 상승여력이 남아 있다고 봄. 반면 Stan Druckenmiller는 시진핑 체제에서 중국 투자에 관심이 없다고 밝힘. Tom Lee는 중국 시장이 10년간 미국에 크게 뒤처졌으므로 추가 상승 여력이 크다고 긍정적 견해를 보임.
다듬은 글
you know in the last week I went more when the they said a day or two ago on the on their fed and last night I did more just Alibaba are you talking JD B PD two Chinese ETFs everything CH hi stock investors JJ here welcome back well this is a follow-up video about David terer talking about Alibaba and other Chinese stocks he was very bullish in that previous episode there's more today of what he said I didn't put in that previous video and a lot has happened it did Propel the market I think him talking did help Wall Street to get in on Chinese stocks he has such a lot of influence he's a so-called super investor he's had an incredible track record a star manager fund manager managing a lot of money and you'll see how super bullish he was if you saw that past video so let's see what he's got to say and then we're going to compare it to what other investors have said we've got Stan dren Miller who has a very different view they are friends they do talk as well and also Tom Lee who's popular on the internet on CNBC a lot of people follow what he says so what's he got to say about China as well and we'll see what's happened in the market so let's get into it which I think is the biggest thing that people really have to go and understand it because it has implications all over the in bonds currencies and stocks we didn't talk about the currencies and and bond side but just with the stocks themselves I'm just thinking of your positions Alibaba was a huge position you really loaded up in the first quarter you cut back uh I think in the second quarter um what are you doing now did the did the China moves over the last few days but just because you were saying in the past you wouldn't go more than 10 or 12% or the most recent things we've seen that you have about 12% he does have 12% we've seen that and if you've seen previous videos that I've made about this on the out of value Channel about super investors portfolios he has about 12% over 12% alibab he's had that not just now he's not buying it now he did buy it earlier and other stocks as well JD we'll have a look at those stocks in a minute what he has actually owned and what's happened to them does that mean you put those aside and you would own even more than that as I said the value at risk model is what I sleep at night I'm having I had a fine I went over that limit on the FED announcement okay you know in the last week I went more when the they said a day or two ago on the on their fed and last night I did more just Alibaba are you talking JD B PD two Chinese ETFs everything CH everything so that's the line that's gone around the internet gone pretty viral actually where he says buy basically buy everything has been getting Den down to buy everything China and that seems to be what's kind of happen but he was going to say there that he sleeps well at night knowing that he's going to increase that he might increase from 12% which is already big for Alibaba ETF ETFs there's couple of ETFs we'll look at you know um I we do Futures right everything everything listen a long time ago in 2010 I think I said everything and you remember I remember when you said you know what you know what's good you were right everything okay it's been right for a long time in terms of being a great fund manager over time coming out of the financial crisis which was a long time ago now he's done very well so if they if they you know this is they were this is incredible stuff for that place okay so it's everything now I would love to see a pullback okay because I will then my new found limit which might have been twice my old F limit 25% you said 10 to 12 is dou 24% wow that's a big call he's he is sort of indicating there that he'd be willing to go to 20% on some of these stocks like alib Baba from 12 to 24 I'm going to say what it is is the limit I will have another new F found limit okay if it and a pullback okay if if I see these absolutely be implemented because again you you can look at these names and you're talking about single- digit PE multiples with double digit growth but you think and wait a second this is the other thing you have some of these stocks with 50% cash some of these things you just put up on the board 50% cash 20% cash 30% cash and that cash depending how the Chinese currency goes maybe if the Chinese currency is really strong they'll want them to buy back okay so DAV let me ask you ask the other video that I made the previous video which I'll link to at the end of this and in the description he goes through some of the details of what the Chinese government have has said about stimulus what they're doing encouraging BuyBacks he mentioned there companies with a lot of cash that the government's kind of flipped on being sort of holding back the companies to really saying well okay we want them to do well in the stock market perhaps that's what he's really saying here if this is happening if it's really true if it continues then there's a lot to go did you see this thing buying back stock when companies buy back their stock right but you're a hedge fund how do you H your risk what what's the counter bet that you put on that just in case you know what you know I you you you um you know I'm sitting here in a suit my counter bet is that I don't care back to China again just he doesn't care implying that he doesn't have a hedge at all there now if you're watching this on YouTube or anywhere else with a like button I'd really appreciate it if you hit thanks and do subscribe if you want to get more of this kind of content in the future all right so these are the stocks that David terer actually owns here and they said be willing to go higher and what's happened just over the past month we can see here compared to the S&P 500 which is useful here so the S&P 500 over the past month's only up 3% we see alib babber at the top there 37% in the past month it's had these Rises before it slipped back bearish people would say that this is going to slip back we also got PDD up 56% keeping in mind that he is in this fund invested in all these JD 67% in the past month buy due up 3.96 in the S&P 500 three as I said if we go back year to date now to get a a wider picture because it has just been look at that in the past month or so it's rocketed up so the S&P 500's had a having a good year at 20% has been higher than that but 20% is a is a very good year for the S&P 500 we've got Buu actually still down for the year JD up 63 PDD up 4.81 and Alibaba up 50.94 and now if we go to these ETFs that I mentioned here we've got the the fxi and the K web we can see over one month it's up similarly 32.6 946 for those two ETFs now I'm going to react to the short discussion here they mentioned stany dren Miller and what he's been saying recently in relation to David terer quite two different types of investors but both legendary both have had an amazing track record stocks continue to move higher today h sang posting its best St since November of 22 um Weiss you see these comments from uh Stan duck Miller he was um apparently at a conference um where he was quoted as saying that he has quote no interest quote as long as Xi Jinping is running that country it just goes to why some I think including you for a pretty long time have said it's uninvestable you don't trust it right whereas Renaissance macros Jeff degraph says he's very bullish if you never listen to another thing we say listen to number one number one was by China what we supposed to do man so we got we've got three views coming from different places so teer came out Dave is uh you know he's bullish on the trade I'd say uh he stimulus I wouldn't expect him to be there on a long-term basis dren Miller you know he tends to be I think a little longer term with equities particularly now that he he does have his uh his his hedge fund publicly so so dra M's got a family office now he's not running like a public hedge fund here but he does talk quite a lot in the media he does interviews he's been very keen on Nvidia he's not afraid to ride these stocks up he does talk about the macro and Trends not just fundamental investor or he does although he does look at fundamentals as well so two very different investors now this guy saying that tiers might not be in it for the long term I have seen a suggestion in comments that David T's trying to drive the price up so he can get an exit back then he said he'd be happy to double down on those hard to see how he would play with his public reputation there about talking stocks up and then selling them immediately and people would see that in their filings coming up if he had done that so I think he's right from a longer term basis intermediate term it's not investable not investable doesn't mean it's tradeable if you go to JRA who I worked with the you know at a prior shop uh you know he's purely Technical and right now and Joel tell you this momentum looks good so you've got three different ways of coming at the same you know the same trade and they all make sense given what their perspective is you know what I what I find interesting though is um as far you know better than me yeah um teer and dren Miller are um they see a lot of things the same way and they friends they good friends they they they respect each other's investing strategy absolutely um arguably more than they any other they're they're like I mean they've talked about the way that they invest over the years I I find it interesting that teer comes on and says bu everything I'm paraphrasing a little bit whereas duck and Miller's like I'm not touching it I can only imagine the conversation that they might have had between the two of them you know over the last week or so right but I can tell you Dave's cost I'm just looking at Baba is a lot lower than where it is now but you know Dave's buy everything is conditioned on price and that's true but he did say explicitly there that it's still low in the other video I made there he talked about how even though it's gone up a lot when he was talking it had gone up that it's still if you go back 5 years it looks very much like a flatline even with the recent 52 we highs well obviously and you mentioned when he when he made the comment he could be out at any time and with having this kind of game such a short period of time Dave's the kind of guy that uh maybe I don't want to wait and I don't know it's I've spoke to him recently but not about this uh you know but um so I'm not out of school here but you don't you know you don't know you don't know so the point is stocks up you know in no time from a lot look K KB's a 52 we high fxi is a 52 we high no surprise cuz they've been like the other day was the best day for CH and St was being asked the question after this move don't forget yeah he has been asked a question after this move and need said he be willing to do more okay let's see what the popular Tom Lee has to say about this too he's making comments after David TPP made his well after and after these big moves what's he got to say on China he's usually pretty positive pretty bullish it's worried about the inflation side of did you see terer talking about China do you do you would you ever subscribe to that theory buy a lot in China yeah I mean I'd say that not only did China launch a bazooka but it's it's really working right because the the the the the stock market is has really broken out I think China is now the best performing stock market this year but was the move made I mean I think you know we had uh Kyle basson yesterday and I think he would argue long term no matter how you want to think about China it's a bad bet he was suggesting maybe in the short term it's a good bet and I don't think he was necessarily opining on whether the bet is over but the move obviously the big move has happened the question is do you see that doubling is that in the cards at this point of the game uh yeah I mean something keeping people's back of their mind over the last 10 years China has underperformed the US by 7700 basis points so if China doubles it's still underperform by like 5,000 basis points so I mean there's there's a lot of room for a rally even if it looks corrective so Tom Lee basically agrees there he thinks the China Market's got a lot of room to run if the stimulus takes hold he has said more about this in other places too he basically agrees thinks it could be a good trade or more than a trade really as an investment I think David Tipp is thinking about longer term than a quick trade as well so let me know in the comments what do you think about this do you agree with David teer and also Tom Lee agrees there or do you agree with Stanley dren Miller a lot of people don't want to touch China no matter what they just don't trust it Stan Dr and Miller tends to think like that and Warren Buffett doesn't really like China Charlie Munga did and he was invested in Alibaba which didn't go so well by the time that he died seems to be improving now he didn't live long enough to see that play out but what do you think let me know in the comments now I'm going to put a link on screen to that previous episode that I mentioned here with David terer talking about Alibaba and China stocks thanks for watching or listening to this and I'll see you in the next one
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