芒格不久前关于阿里的论述，貌似和中文媒体们的翻译不同:
“But I re­g­a­rd al­i­b­a­ba as one of the wo­r­st mi­s­t­a­k­es I ev­er ma­de. In th­i­n­k­i­ng ab­o­ut al­i­b­a­ba, I got ch­a­r­m­ed wi­th the id­ea of th­e­ir po­s­i­t­i­on on the Ch­i­n­e­se in­t­e­r­n­et. I di­dn‘t st­op to re­a­l­i­ze th­e­re is st­i­ll a go­d­d­a­mn re­t­a­i­l­or It's go­n­na be a co­m­p­e­t­i­t­i­ve bu­s­i­n­e­ss in the in­t­e­r­n­et. It's not go­n­na be a ca­k­e­w­a­lk for ev­e­r­y­b­o­dy.”

芒格对阿里的原话在这里：I re­g­a­rd Al­i­b­a­ba as one of the bi­g­g­e­st mi­s­t­a­ke. In th­i­n­k­i­ng ab­o­ut al­i­b­a­ba I got ch­a­r­m­ed wi­th the id­ea of th­e­ir po­s­i­t­i­on on the Ch­i­n­e­se in­t­e­r­n­et.I di­dn’t st­op to re­a­l­i­ze th­at th­ey are st­i­ll god da­m­n­ed re­t­a­i­l­er. It’s go­i­ng be a ve­ry co­m­p­e­t­i­t­i­ve bu­s­i­n­e­ss in the in­t­e­r­n­et and it’s not go­i­ng to be ca­ke-wa­lk for ev­e­r­y­b­o­dy. 我在北美读了十年书，翻译一下：我认为阿里巴巴是我最错误的投资选择之一。当初考虑阿里巴巴的时候，我被它在中国互联网领先的地位吸引，却没有想清楚它始终还是一个零售商。零售业即使在互联网上也是竞争很大的。在这行做生意不会像拿免费蛋糕那么简单

芒格对阿里的原话在这里：I re­g­a­rd Al­i­b­a­ba as one of the bi­g­g­e­st mi­s­t­a­ke. In th­i­n­k­i­ng ab­o­ut al­i­b­a­ba I got ch­a­r­m­ed wi­th the id­ea of th­e­ir po­s­i­t­i­on on the Ch­i­n­e­se in­t­e­r­n­et.I di­dn’t st­op to re­a­l­i­ze th­at th­ey are st­i­ll god da­m­n­ed re­t­a­i­l­er. It’s go­i­ng be a ve­ry co­m­p­e­t­i­t­i­ve bu­s­i­n­e­ss in the in­t­e­r­n­et and it’s not go­i­ng to be ca­ke-wa­lk for ev­e­r­y­b­o­dy. 我在北美读了十年书，翻译一下：我认为阿里巴巴是我最错误的投资选择之一。当初考虑阿里巴巴的时候，我被它在中国互联网领先的地位吸引，却没有想清楚它始终还是一个零售商。零售业即使在互联网上也是竞争很大的。在这行做生意不会像拿免费蛋糕那么简单