Daily Journal Corporation (DJCO) Company Profile & Facts - Yahoo! Charlie Munger: I have seen an episode or two of the Queens Gambit. As a matter of fact, what happens is to make a nation rich, you need a free market system. What are the main sources of ancillary revenue expected once the products have gone live and how meaningful will the products like eFile-it, ePay-it, cloud hosting services, and others become? The two most similar investment funds to Daily Journal Corp are Platform Technology Partners and Mtm Investment Management. And that is why Costco presents some danger to Amazon. Charlie Munger: Its hard to know what exact macroeconomic policy is correct. Question: If you had a chance to make an addition or revision to Poor Charlies Almanac, what would that be? Have you met Lee Kuan Yew in person? Thats entirely due to the practical talent of Lee Kuan Yew. PDF Daily Journal Corporation Board Diversity Matrix Disclosure Nasdaq About the awards. And if you stop to think about it, that is also true at the Daily Journal. Will we have fewer gas stations or truck stops in the future? With no analysts or investor relations department, few understand the transformation that has occurred. How can you not? Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. I didnt get to where I am by going after mediocre opportunities. Daily Journal Corp. (S.C.) Common Stock (DJCO) - Nasdaq I think the bankers of today could learn a lot from Eugene, but little is known of him. -, Daily Journal Corp : Submission of Matters to a Vote of Security Holders (form 8-K), Charlie Munger downplays risk of Taiwan invasion, says crypto fans are 'idiots', Transcript : Daily Journal Corporation - Shareholder/Analyst Call, Secretary & Executive Vice President-Publications, Daily Journal, long overseen by Charlie Munger, halves stake in China's Alibaba. You can hardly think of anything more important in life than being reliable for the people who trust you. These actions have given some shareholders more visibility and comfort on their investment. I think management should tell it like it is at all times and not be a big promoter of its own stock. Given the developments over the past year, could you give us an update on your assessment of wretched excess in the system? When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Governance. To the extent that my thoughts have helped my life, I think Ive pretty well run the course. Value investors know Warren Buffett's classic retort to efficient market theory, "The . Question: Ben Franklin said: Were it offered to my choice, I should have no objection to a repetition of the same life from its beginning, only asking the advantages authors have in a second edition, to correct some faults of the first. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. I think they stopped because if you taught that course, youd be stealing the best cases from the individual professors of marketing and so on and so on. LOS ANGELES, CA Question: Your advice given on choosing a good spouse in Poor Charlies Almanac is terse. Astronics Corporation Announces Preliminary Sales for Fourth Quarter 2022 of $155 Million to $160 Million; Completes $205 Million Debt Refinancing Nov 15, 2022 4:05 pm EST Astronics Corporation Reports Third Quarter 2022 Financial Results Latest Presentation December 6, 2022 Truist Securities Industrials & Services Summit 2022 I find that by working at that, I can actually make some improvements even though Im old. Implementation is expensed as provided, while the long-term recurring high-margin revenue is not yet included on the income statement. One of the interesting things about the Daily Journal is that we made all that money in the foreclosure boom. The majority of the companies in the funds portfolio are large-cap stocks. Daily Commerce. That turned out to be a wonderful idea and thats one of the reasons we made all this money. Thats an interesting example of self-learning. Daily Journal Corporation - Wikipedia Charlie Munger: You have to be optimistic about the competency of our technical civilization. Our editorial system and our advertising system are all in the cloud. He was that smart. No, I dont have any secrets. Zurich Project Podcast Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Question: BYD is in the Daily Journal stock portfolio with a very big paper gain. Question: Charlie, you are known as an advocate for learning from ones mistakes. If I had stayed in Omaha, where I was raised, and gotten into the banking business, I would have been a hell of a good banker. Charlie Munger: I dont think you can make that a moral responsibility. Charlie Munger: Well, it certainly does and thats the kind of thing that can happen when you get a whole lot of people who are using liquid stock markets to gamble the way they would betting on horses. And weve had marvelous people here to help us do it through very difficult times and one of them is Gerry Salzman. Charlie Munger: Well, I dont think I know exactly what the future of banking is and I dont think I know how the payment system will evolve. But, a very wise man said on an earlier occasion: The trouble with banking is that we have more banks than we have bankers. And, we are really interested in doing a good job in Australia, in California, and all the other places where people have trusted us. I have a very simple idea on the subject. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.To learn more about Yahoo Finance Plus please visit: https://yhoo.it/33jXYBpConnect with Yahoo Finance:Get the latest news: https://yhoo.it/2fGu5BbFind Yahoo Finance on Facebook: http://bit.ly/2A9u5ZqFollow Yahoo Finance on Twitter: http://bit.ly/2LMgloPFollow Yahoo Finance on Instagram: http://bit.ly/2LOpNYzFollow Cashay.comFollow Yahoo Finance Premium on Twitter: https://bit.ly/3hhcnmV Question: My question concerns China. Industry Insights Summit As November inches closer, all things in the political world will ultimately begin and end with the midterm elections. Tilly's, Inc. to Report Fiscal 2022 Fourth Quarter Operating Results on March 9, 2023. But Henry was a genius. Question: In 1999, the year the Daily Journal bought Sustain Technologies, the traditional business employed 355 full-time employees and 61 part-time employees. Corporate governance. The third-largest holding is Alibaba Ltd worth $26.4 million and the next is Us Bancorp worth $6.11 million, with 140,000 shares owned. Youve said recently that Sequoia is the greatest investment firm ever. Daily Journal | DJCO Stock Price, Company Overview & News - Forbes So far the evidence would be that maybe the monetary modern monetary theory is right. And we pay huge taxes to a combination of the federal government and the state of California when we sell something. And that institution has two assets in its endowment account. Daily Journal Corporation Announces Financial Results for Fiscal Year ended September 30, 2022 LOS ANGELES, Dec. 16, 2022 (GLOBE NEWSWIRE) -- During fiscal 2022, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $54,009,000 as compared with $49,925,000 in the prior year. Munger also serves as chairman of Daily Journal Corporation, which publishes 10 newspapers and offers specialized information services and technology-based prod. And by the way, I think its hard to teach. This page shows a list of all the recent 13F filings made by Daily Journal Corp. Form 13F is required to be filed within 45 days of the end of a calendar quarter. No one knows for sure just how much government intervention is wise and at what point the government should stop intervening. Charlie Munger: Yes, I think it must end badly but I dont know when. We hope theyll continue doing magnificently well. And it has saved Los Angeles a fortune because gas is so much cheaper than gasoline. Question: You famously run investments through your mental checklist. We made the rich richer, not as a deliberate choice, but because it was an accidental byproduct of trying to save the whole civilization. I dont know which is worse. The majority of revenue is generated from Traditional business segment. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. I predict that if they do that, a lot of people will leave Washington. No, I dont think I have anything to contribute. Everybodys got a different situation. The Superinvestors of Daily Journal Corporation - Forbes Request Information And I just think it was academically inconvenient for them. are based in the United States. Now, it sounds like anybody would know that made sense. Thats the nature of capitalism. Take Gerry. So, I think you can count on the fact that what were doing is going to be a big growing field. Charlie Munger: Well no, I dont think we have a bubble in Treasury securities. The largest are the Los Angeles Daily Journal and San Francisco Daily Journal, established in 1888 and 1893, respectively, with 6,300 subscribers between them as of September 30, 2020. I think that inequality is absolutely an inevitable consequence of having the policies that make a nation grow richer and richer and elevate the poor. Meet-the-Author Summer Forum Ive been engaged in recent years in trying to create a better type of student dormitory. You fix what you can fit, and what you cant fix, you endure. We do, as Charlie indicates, have a lot of travel. 50.0% of the portfolio companies Charlie Munger: Gerry, whats the biggest mistake weve made? Nothing is particularly obvious for everybody to do the same thing. He lived in a particular town. Larry Summers has recently been quoted as being worried that were having too much stimulus. God knows it was difficult but I dont think its a mistake. I think when difficulty comes, I expect to have my share. And they dont just keep everlastingly at it the way he did. And they dont do that very wellIm talking about the business schools. Ive been around for a long time and my policy has always been to just write them out. DJCO - Daily Journal Corp Stock Price Quote - Morningstar Its difficult, but its not impossible investing in bank stocks successfully. I dont think its like the newspaper business. The MOI Global Editorial Team, led by John Mihaljevic, CFA, includes community builders, event organizers, writers, editors, research associates, security analysts, and fanatical member support advocates. Chairmans Letter We are very excited to look forward to enabling the courts to function as we know that they want to and will in the future. As a matter of fact, it will be here for a long, long time if we stop using many hydrocarbons in transportation. But I do think politics is getting more full of hatred and irrationality than it used to be in America and I dont think thats good. Its like evolution in biology. The SEC requires all publicly traded companies, foreign and domestic, to disclose financial condition, operating results, management compensation, and other areas of their business on a regular basis. My guess is we have suffered some editorial quality. Its doing a big public service. Ryan Buntain has joined Knox Lane as head of investor relations, according to a spokesperson for the firm. A rich civilization can afford to do it if we absolutely have to. And I applaud the result. Question: You and Warren have been adept at quickly sizing people up, particularly business leaders and potential business partners. DAILY JOURNAL CORPORATION - Print Media - 915 E 1st St, Los Angeles, CA - Phone Number - Yelp Daily Journal Corporation 5 reviews Unclaimed Print Media Frequently Asked Questions about Daily Journal Corporation How is Daily Journal Corporation rated? Get the latest articles and insights directly to your email inbox. And my advice would be if you have a fixable disadvantage, remove it. And were gonna play that as hard as we can. DJCO Stock Price & Charts | Daily Journal Astronics Corporation (ATRO) Once again, the wit and wisdom of Charlie Munger was on full display at the deceptively youthful age of 97! News Corp Announces Acquisition of Investor's Business Daily In-person events hosted by MOI Global bring together inquisitive minds to explore ideas of consequence in investing, business, and life. 2/13/23. Charlie Munger: Well, its not easy to handle accumulated money in the current environment when these stocks are so high and partials of real estate of certain kinds are also very inflated. Kimberly Stewart - Head of Investor Relations - LinkedIn But he knew how to learn what he didnt know. Members of MOI Global enjoy complimentary access to a growing array of resources and content related to the art of intelligent investing. On the other hand, it could be handled. Charlie Munger: Well, Lee Kuan Yew had the best record as a nation builder. Throughout the transcript below, I have included clickable links to my notes and articles . Download 13F Summary Charlie Munger: Well, of course, if they bring in a brand new technology you dont understand at all, youre at something of a disadvantage. Knox Lane hires Buntain to head investor relations | PE Hub I learned those tendencies well enough to synthesize it with the rest of knowledge. Communicated daily with internal traders and sales force, plus marketed globally to Buy-Side clients . That doesnt happen. Daily Journal Corp (DJCO) 10K Annual Reports & 10Q SEC What prevents the wide use of helpful psychological insight is the fact that psychology gets really useful when you integrate it with all other knowledge. Create Email Alert, ***Log In or Voir plus Voir moins Financial Analyst PaineWebber, Inc - UBS fvr. Computershare Investor Services 8742 Lucent Boulevard, Suite 225 Highlands Ranch, CO 80129 . Both Berkshire and Li Lu own BYD Company which you spoke highly of in the past. If a civilization can progress only when it invents the method of invention, you can only progress when you learn the method of learning. Because we have the proxies those directors are now reelected. In 1978, the year Deng Xiaoping took over, it was 300. Create your Watchlist to save your favorite quotes on Nasdaq.com. Washington State is actually considering a wealth tax at the state level. Charlie Munger: Well, the business around here that has the most promise is our software business automating the courts. So we have one basic system configured in a number of different ways, including workers comp for a large state in the United States. daily journal corporation investor relations | Tulipnos ltalnos Iskola Charlie Munger: Well, Im constantly making mistakes where I can, in retrospect, realize that I should have decided differently. I dont know the answer. DATAROMA Superinvestors Portfolio Holdings Charlie Munger - Daily Journal Corp. Period: Q4 2022 Portfolio date: 31 Dec 2022 No. Question: What is the biggest competitive threat to U.S. banks like Bank of America and US Bankboth equity holdings of the Daily Journal Corporationover the long term? DAILY JOURNAL CORPORATION - Address, Director information Absolute insanity. Is there any new material? Daily Journal Corporation's ISS governance QualityScore as . Questions: Many major businesses and high net worth individuals have been leaving California. And his conclusion is that mankind should just step up to it and do it. Rick was always humorous. As we can see from the deteriorating U.S. relationship with China, the Western world does not understand China. I dont even know how much more difficultor how much more dangerousit would be to deal with hydrogen than it is to deal with gasoline which is also a dangerous substance. What do you think we can do to help those who are currently falling behind as a result of this pandemic? Occasionally, some damned fool will suggest something that violates the laws of physics and I always turn off my mind the minute I realize the poor bastard doesnt know any physics. During his tenure with Diamond, Matthew worked with top-tier investment banks, global payments firms, and international insurance companies to deliver high impact solutions to his clients most challenging business problems. The editorial team seeks out thought-provoking insights and variant perspectives from across the membership network and beyond. I kind of admire the way Bill takes on these very hard problems. #CharlieMunger #DailyJournalAnnualMeeting #BerkshireHathawayYahoo Finance is the exclusive live stream platform for the fully virtual Daily Journal ($DJCO) Annual Meeting with Chairman Charlie Munger.The meeting features Daily Journal Chairman and Berkshire Hathaway Vice Chairman Charlie Munger and DJCO President and CEO Jerry Salzman. Our 2023 Annual Meeting of Shareholders will be held on Thursday, May 4, 2023 at 8:30 a.m. Corporate Governance. Charlie Munger: I think Ill skip that one. And I think wise people should just stay out of them. New York, NY (March 25, 2021) - News Corp announced today it has agreed to acquire Investor's Business Daily from O'Neil Capital Management. Thats been greatly curtailed. He was a one party system but he could always be removed by the electorate. The total number of shares, represented by proxies at this meeting, are 995,682, which are more than enough to constitute a quorum making the meeting duly held. Theyve got a better reputation for providing value than practically anybody, including Amazon. When people gave me a good idea and I could see it was a good idea, I quickly mastered it and started using it for the rest of my life. We all live with that problem. Think of all the monopoly newspapers that used to be, in effect, part of the government of the United States. divided by the total MV of the fund. The first order of business is to reelect the four directors and the votes are as follows: Charles Munger, 679,481, Gerald Salzman, 660,287, Peter Kaufman, 593,336, Mary Conlon, 651,493. This will schedule a job to export all requested 13f holdings data for this filer. Nobody else has ever taken a big country out of poverty so fast and so on. Im not saying I wanted to live in China. Charlie Munger: Well, of course, its very hard to fix the global warming problem when the poorer countries need to burn coal to stay alive and so on. Mitch Gellman - Investor Relations & Strategic Adviser - LinkedIn What happened is that BYD is very well positioned for the transfer of Chinese automobile production from gasoline-driven cars to electricity-driven cars. Hell be able to do it. When you pay for order flow, youre probably charging your customers more and pretending to be free. That makes the whole thing very awkward. I expect less out of bankers than he does. One of my smartest friends in venture capital is constantly getting huge clumps of stocks at nosebleed prices. So human greed and the aggression of the brokerage community create these bubbles from time to time. And we probably have more of those shortcuts than others. The average market cap of the portfolio companies is close to $220 billion. Question: In your past speeches, you have mentioned the term functional equivalent of embezzlement to describe situations where bubbles can form because both parties involved in a bubble believe the asset to be worth more than it truly is. What happens is that every human being tends to believe way more than he should in what hes worked hard to find out or where hes announced publicly that he already believes. The IR Magazine Awards - US 2023 will take place on Thursday, March 30 in New York. I just see more and more of the rich people leaving. Has there been anything that has surprised you, and what would be your best advice to someone starting a business now? 2021 Quotemedia. What do you think the long-term consequences will be? And, we hope to do well in it. On the other hand, the buses in Los Angeles work on natural gas. One of the great advantages of the way Berkshire operates is that we associate with a lot of marvelous people. Question: I was wondering if you could share some thoughts on Haven, particularly why it was ultimately closed. He gasped and said, but hes never had anything to do with newspapers or anything else. We are subject to the orders and directions of those counties which, before, really didnt impact anything. Timeless Selections I think that that will probably continue. And, pretty soon, he turned that into this gloriously prosperous place. We would all say that. Daily Journal Corp's portfolio is diversified across 3 sectors. Charlie Munger: Well, I never owned a share of General Electric because I didnt like the culture. 13F filing from DAILY JOURNAL CORP, enter your There are these periods in capitalism. Until his recent step-down as chairman of the board in April, the marketable. According to the last 13-F report filed with the SEC, Tu To serves as the Chief Financial Officer at Daily Journal Corp. Daily Journal Corporation (DJCO) - 8-K - Current report SEC FilingsYesterday, 3:57 PM Daily Journal Corporation (DJCO) - 10-Q - Quarterly Report SEC FilingsMon, Feb. 13 Daily. Have you considered amending this quote or lowering your standards? They dont work that hard at figuring out what works and what doesnt. Im not saying that oil and gas is going to be a wonderful business but I dont think its going away. This is cheap compared to Tesla currently valued at over 1100 times P/E and 24 times sales. The total portfolio value may be much higher due to cash Question: Mr. Munger recently raised the alarm about the level of money printing taking place. Tilly's, Inc. Im just learning as I go along. Of course, its hard to negotiate in such a field. You get crazy booms. At the age of 97, Charlie Munger wasnot surprisinglysharp as a tack. It showsed how wise we were to put him there in the first place. And I think the directors of GE deserve a lot of credit for making Larry Culp the CEO. And, of course, when things get extreme you have things like that short squeeze. The bad news is its not clear whos gonna win all the business or how much money is going to be made. We do know one thing and that is that the courts of the whole world are going to be taken into the modern age. What could investors do to cope better with periodical frenzy? Charlie Munger's Daily Journal Corporation Is A Cohiba Cigar Butt Do you agree that there is a close parallel to the late 90s and that this, therefore, must end badly?. Corporate Actions Services. How are they similar or different? I tend to avoid the ones which Im not good at and Im not good at a lot of different problems. Charlie Munger: Well, heres what I meant. Bei der Nutzung unserer Websites und Apps verwenden wir, unsere Websites und Apps fr Sie bereitzustellen, Nutzer zu authentifizieren, Sicherheitsmanahmen anzuwenden und Spam und Missbrauch zu verhindern, und, Ihre Nutzung unserer Websites und Apps zu messen, personalisierte Werbung und Inhalte auf der Grundlage von Interessenprofilen anzuzeigen, die Effektivitt von personalisierten Anzeigen und Inhalten zu messen, sowie, unsere Produkte und Dienstleistungen zu entwickeln und zu verbessern. But, of course, its a very difficult field. DAILY JOURNAL CORP MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION ANDRESU.. Daily Journal Corporation Announces Financial Resultsfor the Three Months ended Decemb.. DAILY JOURNAL CORP Management's Discussion and Analysis of Financial Condition and Res.. Daily Journal Corporation Announces Financial Results for Fiscal Year ended September 3.. Daily Journal Corp : Change in Directors or Principal Officers (form 8-K). Is there anything that you wish you had added to your checklist sooner? I think office buildings are now in some trouble and, of course, commercial real estate rented to stores has been in a lot of trouble for a long time. But the accountants are duly elected. And thats the way we handled Gerry. Trending Stocks. I think they would have come out worse because their position was so dire and the poverty was so extreme, they needed very extreme methods to get out of the fix they were in. Charlie Munger Just Doubled Down on Alibaba: Should Investors Follow But, I dont think Ive got a lot to contribute. Its difficult to break into the legal advertising system which supports so many newspapers, not only in California but elsewhere. Charlie Munger: I dont know anything about Haven. We are in fact being a more difficult type of software business than Microsoft. I was very lucky. Are they more stable? So you now know what I do in charitable institutions. Through invitation-only events and member publications, MOI Global fosters a community of intelligent investors united by a passion for lifelong learning. What do you look for in a leader? 1, 2023 By Tal Burnovski Yeyni A California court of appeal held it was not bound by SCOTUS' ruling. Is it Bitcoin, decentralized finance, or something else? Gerry and I have been together, how many years Gerry? You dont need to worry about them. Daily Journal Corporation offers legal software and services to US courts and other justice agencies, including browser-based case processing systems (eCourt, eProsecutor, eDefender, and eProbation) and electronic filing and payment tools (eFile, ePayIt). Everybody is. And since we are on the subject of selling potentially overvalued security, could you provide your systems for selling securities? Culture is very important. What do you think of all of the SPACs and the promoters pushing them? So, to some extent, everybody buying medical services in Singapore is paying for it themselves. Its entirely possible that our system is right for us and their system is right for them. But there again, it's an interesting thing. Question: What have you done to live such a long life? How would you advise these institutions to manage their endowments over the coming decades? And if you cant do that, youre not gonna win the great chess championships of the world and youre not gonna do as well in business as Henry Singleton did.
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