daily journal corporation investor relations

And, I think that could happen, but, of course, thats not a sure thing. You can hardly think of a decision that matters more to human felicity than who you marry. The two most similar investment funds to Daily Journal Corp are Platform Technology Partners and Mtm Investment Management. I think that the methods that Ive used including the checklists are the correct methods and Im grateful that I found them as early as I did and that the methods have worked as well as they have. Question: Mr. Munger is a champion of Chinese stocks. 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. Just time after time, he would choose the right system. Description Daily Journal Corp. Daily Journal Corp. engages in the publication of newspapers and websites covering California and Arizona. Thats an interesting example of self-learning. When you get into these hard questions, theres a lot of very intelligent honorable people who reach opposite conclusions. Question: Why is Berkshire Hathaway selling shares of Wells Fargo as quickly as one can and the Daily Journal has sold one share? 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. Through invitation-only events and member publications, MOI Global fosters a community of intelligent investors united by a passion for lifelong learning. Today, the majority of contractual revenue that can be identified is from implementations and licenses. What I see in China now just staggers me. I think people have the theory that any intelligent hardworking person can get to be a great investor. PROXY STATEMENT. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. Well, I dont think the quality of publishing public notice advertising has gone down. All text and design is copyright 2020 WhaleWisdom.com. Thats our system. In 2010, that was down to 165 full-time employees and 15 part-time employees. , whose value grew 4.2% in the past six months, Us Bancorp worth $6.11 million, with 140,000 shares owned, Town & Country Bank & Trust Co Dba First Bankers Trust Co, Stocks and cryptocurrency portfolio tracker. Copyright 2023 Surperformance. I came to law school having learned the method of learning and nothing has served me better in my long life than continuous learning. At this rate, hell likely (hopefully) reach the longevity of Irving Kahn. In 1860, GDP per capita in China was 600. Gerry, you have a comment on that? 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. Question: Last year, almost every ecommerce, internet, and internet adjacent stock was up 100 plus percent. In the past few years, equity prices have increased significantly and cash has arguably become riskier due to central banking policy. LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION. And, of course, I think its vastly stupid for any state to be user-friendly to the rich people. And I think that that is inevitable because its difficult to be a good investor. And, we are really interested in doing a good job in Australia, in California, and all the other places where people have trusted us. 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. Question: We have a couple of questions about J.P. Rick Guerin. And, what about passive investing? Charlie Munger: I think I had the right temperament. And if you have a free market system thats trying to get rich in the way recommended by Adam Smith, what happens is that its a very irritating system because the poverty that causes so much misery is also causing the growth that makes everybody get out of poverty. February 12, 2020 . But he could play chess blindfolded at just below the Grandmaster level. Ive seen the whole bus system shift from gasoline or diesel to gas and so it obviously isnt impossible, but youd have to create a whole new system of supply for it. So he married her. Charlie Munger: I think Warren and I are better at buying mature industries than we are at backing startups like Sequoia. Question: What is the wisdom behind holding bank stocks compared to other stocks. Absolute insanity. 915 E. 1st Street. Charlie Munger: Well, I consider that very unlikely. So we were like an undertaker who suddenly got prosperous in a plague year. 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. Im just trying to get a feel for what the long-term capital allocation is. New species are created and old species are dying. I was very lucky. New York, NY (March 25, 2021) - News Corp announced today it has agreed to acquire Investor's Business Daily from O'Neil Capital Management. the total portfolio value. The majority of revenue is generated from Traditional business segment. We use cookies to ensure that we give you the best experience on our website. Licensed software for many ten-year contracts is currently in the multi-year implementation stage. As a matter of fact, its not clear to me that China would have done better if theyd copied every aspect of English civilization. I said it wont matter. +2.68%. CI. Download 13F Summary And I dont think youll find me engaged in the massive rezonings in the future. This years annual report suggests that the traditional business has 97 full-time employees. Jeffrey Stacey, I enjoy it and others will also. MOI Global en Espaol. Question: With all the work from home with Zoom and other technology, what do you think the future of commercial real estate looks like? Question: You often advocate for learning from other peoples big calamities and stupidities. And my advice would be if you have a fixable disadvantage, remove it. That turned out to be a wonderful idea and thats one of the reasons we made all this money. Best Ideas Omaha Chuck Akre | Sanjay Bakshi | Brian Bares | David Barr | Chris Bloomstran | John Burbank | Joel Cohen | Larry Cunningham | Aswath Damodaran | Christopher Davis | Charles de Vaulx | Fernando del Pino | Pat Dorsey | Jean-Marie Eveillard | James Ferguson | Frank Fischer | Tom Gayner | Daniel Gladi | Bruce Greenwald | Robert Hagstrom | Connor Haley | Ahron Herring | Michael Huber | Bryan Lawrence | Hendrik Leber | Paul Lountzis | Peter Mantas | David Marcus | Howard Marks | Michael Mauboussin | Chris Mittleman | David Nierenberg | Phil Ordway | Mohnish Pabrai | Francisco Garca Params | Bob Robotti | Franois Rochon | David Rolfe | Jim Roumell | Chuck Royce | Tom Russo | Dave Sather | Florian Schuhbauer | Adam H. Schwartz | Josh Shores | Guy Spier | Murray Stahl | Sean Stannard-Stockton | Lauren Templeton | Will Thorndike | Elliot Turner | Michael van Biema | Arnold van den Berg | Marcos Veremis | Ed Wachenheim | Amit Wadhwaney | Adrian Warner | Andrew Wilkinson | Jay Willoughby | Josh Wolfe | Don Yacktman | Tim Yates, MOI Global | The Membership Community of Intelligent Investors. How do I update this listing? Theres no question about the fact that Wells Fargo has disappointed long-term investors like Berkshire because the old managementwhich is now removedwere not consciously malevolent or thieving but they had terrible judgment in having a culture of cross-selling where the incentives on the poorly paid employees were too great to sell stuff that customers didnt really need. So, I dont mind a little inequality and what I notice is that the rich families generally lose their power and wealthand pretty fast. Im not trying to move mountains. The second proposal is to ratify the appointment of our certified public accountant: Baker Tilly US, LLP. And thats very interesting. If you try and reduce the poverty too much, its counterproductive. I would hate to compete with Sequoia in their field. Im satisfied with the way things have worked out and Im not gnashing my teeth when other people are doing better. VP of Publications & Sec. And all I can say is that well do the best we can. To the extent that my thoughts have helped my life, I think Ive pretty well run the course. The content provided on the Junto Investments (Junto) website is for informational purposes only, and investors should not construe any such information or other content as legal, tax, investment, financial, or other advice. It sold the previously owned 9,745 shares for $357 thousand. Question: I was wondering if you could share some thoughts on Haven, particularly why it was ultimately closed. In 1978, the year Deng Xiaoping took over, it was 300. Ryan Buntain has joined Knox Lane as head of investor relations, according to a spokesperson for the firm. What I think is interesting about chess is, to some extent, you cant learn it unless you have a certain natural gift. Corporate Governance Daily Journal Corporation's ISS Governance QualityScore as of February. Of course, that will still work. It was a background that helped everybody. Im Charlie Munger, Chairman, and to my right is Jerry Salzman, CEO. Thats been greatly curtailed. We paid two and a half million for it. Sign-up Thats what the communists are doing. You are going to be flabbergasted. I never buy any and neither does Daily Journal. Theres a lot of temptation to do dumb things which will make the earnings next quarter go up but are bad for the long term. Question: I enjoyed your Caltech interview and wanted you to elaborate and provide more insights on your point of great investors and great chess players. Im pretty easy on myself these days. I think theyre probably right, by the way. Whalewisdom has at least 38 13F filings, and 33 Form 4 filings. Its doing a big public service. They manage Question: Previously, you have said; It takes character to sit with all that cash and do nothing. And another shareholder asked: Dear Mr. Munger, please share your thoughts on the recent /r/WallStreetBets GameStop short squeeze. Daily Journal Corporation's ISS governance QualityScore as . But, I find that the old ways of doing things still work. Put me down as skeptical. It's always a wonderful pleasure to hear Charlie Munger speak at the Daily Journal Annual Meeting. If a civilization can progress only when it invents the method of invention, you can only progress when you learn the method of learning. What do you make of these two pricings? I dont define that as value investing. Membership Tour But he knew how to learn what he didnt know. Many, but not all SEC filings are available in the SECs EDGAR database. When you look at whats happened in California [in terms of] the price of real estate and rentals, weve reduced the number of offices we have both for Journal Technology and for the Daily Journal. Delayed Nasdaq Its really kind of an artificial substitute for gold, and since I never buy any gold, I never buy any Bitcoin. You have said that the single best way is to deserve a good spouse because a good spouse is by definition not nuts. As a result of holding those two positions, we have a lower cost than anybody else and we make more money than practically everybody else. 2023 Annual Meeting. Who gets rich faster by class is going to vary over time and I dont think anybody should be too concerned by it. So we have one basic system configured in a number of different ways, including workers comp for a large state in the United States. I do think that we dont know what these artificially low interest rates are going to do or how the economy is going to work in the future as governments print all this extra money. If you continue to use this site we will assume that you are happy with it. 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? Of course, its going to be difficult. Youll remember that when the first big bubble came, which was the South Sea bubble in England back in the 1700s, it created such havoc eventually when it blew up that England didnt allow hardly any public trading and securities of any companies for decades thereafter. 2023, Nasdaq, Inc. All Rights Reserved. Charlie Munger: Its hard to know what exact macroeconomic policy is correct. Charlie Munger: Im sure some are, but, by and large, thats not what Warren is known for. On the other hand, the buses in Los Angeles work on natural gas. Ill paraphrase here. And thats the way we handled Gerry. The jurisdiction for this foreign stock company is SOUTH CaliforniaROLINA. I dont think well change on that. There arent that many people like Lee Kuan Yew that have ever lived. Daily Journal Corp. This information can be used by investors to verify and understand the financial position of the company. If the seas were to rise 60 feet, which could happen in another 100 years or so, wed have to build enormous barriers to sea entry. I wouldnt change my life all that well. How do you decide to hold on to a stock or sell some? You are limited to the prior 8 quarters of 13F filings. By the way, thats not the normal outcome in America. I hope the newspaper survives too. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The fund focuses on investments in the United States as All the good things. We bought all these buildings cheaply. The Daily Journal Corporation is an American publishing and technology company with hidden assets and off-balance sheet value. Wheaton is the world's premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets. Tilly's, Inc. European Investing Summit Think of all the monopoly newspapers that used to be, in effect, part of the government of the United States. We all live with that problem. Ive been pretty quiet. You once said to study the life and work of Lee Kuan Yew. There are these periods in capitalism. What is interesting is that in wealth management, a lot of people think that if they have a hundred stocks theyre investing more professionally than they are if they have four or five. I would be curious to know how you started your interest in Singapore and Lee Kuan Yew. I regard this as insanity. They lose their money fast enough. I dont think we have made a lot of horrible mistakes. The meeting was held on February 24, 2021. Question: Your advice given on choosing a good spouse in Poor Charlies Almanac is terse. 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. Daily Journal Corp's largest holding is Bank of America Corp. (North Carolina National Bank) with shares held of 2,300,000. Charlie Munger: Well, Lee Kuan Yew had the best record as a nation builder. Gerry has done magnificently well. Published since 1917, the Daily Commerce is based in Los Angeles and covers news of general interest, columns of interest to real estate investors and brokers, and information on distressed properties in Los Angeles County. I think all good investing is value investing. What were the lessons learned? Practically everybody does that. Question: Many believe that inequality accelerated by this pandemic has reached alarming levels that demand drastic solutions such as a wealth tax. the MV of securities sold, whichever is less, We hope theyll continue doing magnificently well. But I dont think thats going to end up with a mistake. Everybody has shortcuts to screen out certain hazards. And he was just so good. Gerry, being a sound thinker, you know, did the very unpleasant work of shrinking it appropriately without bothering me or Rick. So you now know what I do in charitable institutions. Question: Last February, you spoke about the wretched excess in the financial system. Nasdaq provides companysSEC filings, which arefinancial statements andreports filed electronically with the U.S. Securities and Exchange Commission (SEC) byQuotemedia. And he made a very favorable impression. On Tuesday, March 7, 2023 at 11:00 a.m. Eastern Time, Michael West, President of Moody's Investors Service, and Shivani Kak, Head of Investor Relations, will speak at the Raymond James . As a matter of fact, it will be here for a long, long time if we stop using many hydrocarbons in transportation. And, of course, thats a very dangerous way to invest. He was old as I am. He was a very smart man. Investor Relations Daily Journal Corp DJCO Valuation Morningstar Rating | Rating as of Jan 26, 2023 Quote Chart Stock Analysis News Price vs Fair Value . You are on record as a zealous fan of the Chinese work ethic and Confucian value system. I think the Chinese were very smart. And there was one woman who was a year older than he was who was the first-ranked student in the school. If so, how do you think society should address it, especially because poor countries require much more cheap energy to reduce poverty? 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 With no analysts or investor relations department, few understand the transformation that has occurred. And I think the directors of GE deserve a lot of credit for making Larry Culp the CEO. Member Calendar, MOI Global is a wonderful way to expose yourself to the thoughts of some of the most successful investors and investment methods out there. But theres no rule that life has to be easy on the mental side. Washington State is actually considering a wealth tax at the state level. I would imagine that applies to the broad market too. Charlie Munger: Well, that is easy. Of course, that history is useful to know. The only opinion I have there is that I dont think anybody knows whats going to happen for sure. The Corporation will host a fourth quar. Thought Leader Series. Question: It is estimated that the Gates Foundation has saved well over 100 million lives. Performance numbers calculated through 2023-02-14. People really trust Costco will be delivering enormous value. But show me a psychology department that knows how to do that. Charlie Munger: I think Ive learned to avoid zoning work. Charlie Munger: I have seen an episode or two of the Queens Gambit. Question: Can you share some parting thoughts with the viewers who are watching all around the world? As a matter of fact, what happens is to make a nation rich, you need a free market system. Accounting is also in the cloud. The one thing I will say is that a lot of the moats that looked impassable, people found a way to displace. Trending Stocks. Charlie Munger at the 2021 Daily Journal annual meeting spoke once again at great length. Theyre in a place thats gotten more valuable. The IR Magazine Awards - US 2023 will take place on Thursday, March 30 in New York. The death tax in China is zero. 2/13/23. I think when difficulty comes, I expect to have my share. Your proxy in the enclosed form is solicited by the Board of Directors of the Company for use at the Annual Meeting of Shareholders to be held on February 12, 2020 at 10:00 a.m. Pacific Standard Time, at The Center at Cathedral Plaza, at 555 W . Chinas economic record among the big nations is the best that ever existed in the history of the world. 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. These symbols will be available throughout the site during your session. Jen Saunders I recommend that other people follow my example. Value Investing will never go out of style. Youve said recently that Sequoia is the greatest investment firm ever. Question: The highly configurable JTI product may help e-suites integrate deeply into new jurisdictions as agencies and citizens become familiar with the courthouse software. How would you advise these institutions to manage their endowments over the coming decades? Question: Do you think its best to invest in the common stocks of businesses early or while they are more nascent and the industry is smaller, or wait until they are the clear winner of a more mature industry? divided by the total MV of the fund. I have a bust of Lee Kuan Yew in my house. But there again, it's an interesting thing. In a recent regulatory filing, The Daily Journal ( DJCO -3.51%) disclosed that it had bought more shares of Chinese giant Alibaba ( BABA 2.46%) with its corporate cash. A lot of the people who are doing this remote worka lot are going to work three days a week in the office and two days a week at home. The total portfolio value may be much higher due to cash The company's other titles include Daily Commerce, The Daily Recorder and the Inter-City Express . Of course, his son, who is a bright man, is now Prime Minister of Singapore. However, could you be more specific? Question: You have revised your famous talk on the standard causes of human misjudgment with considerable new material back in 2005. Everybodys got a different situation. Youd say that everybody does that in their education but I dont think everybody does. I dont think Im likely to have any new thoughts that are going to work miracles either. Question: You and Warren have been adept at quickly sizing people up, particularly business leaders and potential business partners. Market Holidays Daily Analyst Ratings Daily Insider Trading. Daily Journal Corp. - AnnualReports.com Most Recent Annual Report MOST RECENT 2019 Form 10K View Form 10K (HTML) Daily Journal Corp. does not currently have any hardcopy reports on AnnualReports.com. Because if you do that, Im a moral leper. I think that shareholders should be more sensible and not crowd into stocks and buy them just because theyre going up and they like to gamble. And thats the right way to do it. I think some of these things are very difficult and I think, by and large, its a mistake to hire investment managementto hire armies of people to make conclusions. I think most people who are assuming tolerable success in life are about as happy as they were ordained to be. Throughout the transcript below, I have included clickable links to my notes and articles . And thats not a sure thing either. containing a link to download the .zip file of the CSV file(s) you requested. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. I dont think we have any great gift at making macroeconomic predictions. Charlie Munger: Well, I dont think its required that we be exactly the same on everything. Of course, people behave more sensibly when theyre spending their own money. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. What would be a mistake at the Daily Journal which we can all learn from? Think of whats died in my lifetime. Daily Journal Corp is based out of Los Angeles. Question: What do you hope the future of the Daily Journal Corporation looks like in a decade? Corporate Governance. Daily Journal Corporation has 1 stars. Question: Has your opinion on cryptocurrencies remained the same? We were trying to save the whole economy under terrible conditions. for Q4 2022. But Im flabbergasted at how well theyre doing. This very special event honors excellence in the investor relations profession across the US and we are excited to welcome everyone for an evening of fine food, dancing and lots of celebrating! Charlie Munger: Well, I never owned a share of General Electric because I didnt like the culture. How would they think about current opportunities with low rates and low inflation? I think that that will probably continue. How are they similar or different? Question: Is the oil and gas industry the new newspapers? -144-01 clinical trial in advanced melanoma during SITC in November 2022 and in a subsequent companion publication in the Journal for ImmunoTherapy of Cancer . Question: Given all of your donations to physics, what is your favorite way of applying physics to societys problems and also to investing? Charlie Munger: Real estate has always been a difficult field. Its business model offers investors leverage to commodity prices and exploration upside but with a much lower risk profile than a traditional mining company.

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