daily journal corporation investor relations

And if you stop to think about it, that is also true at the Daily Journal. Trending Stocks. Daily Journal Corp - Portfolio Holdings, AUM (13F, 13G At KB Home, social responsibility means investing in the relationships we have with our employees and within our communities. By the way, the Harvard Business School, when it started out way early, they started out with a history of the business. "While Kimberly was head of Investor relations . That makes the whole thing very awkward. Thats interestingwho in the hell is voting against the accountants? How do I update this listing? On the other hand, it could be handled. When I saw that psychology was necessary and I didnt have it, I didnt just learn the little tendencies well enough to get As in psychology. Question: You famously run investments through your mental checklist. Charlie Munger: Early 70s. We would all say that. Gerald Salzman: None. They do way more good than harm. A lot of things are going to change. Home - IR Magazine Awards - US 2023 DJCO | Daily Journal Corp. Financial Statements - WSJ -, 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. But I wont be following him. And I just think it was academically inconvenient for them. However, could you be more specific? Knox Lane was founded in 2019. Of course, we accomplished quite a bit working together. And, of course, its regrettable. And why did you feel that Amazon had more to fear from Costco than Costco had to fear from Amazon? Its like evolution in biology. But, of course, I think there will be more automation in transportation of all kinds in the future. Were going to bust our ass to try and do a good job. Everyone knows this isnt a small cap Berkshire Hathaway. The best venture capital operation probably in the whole world is Sequoias and they are very good at this early stage investing. These positions were updated on January 5th based on the funds latest 13F filing. DAILY JOURNAL CORP Investor Relations Director Salary | Salary.com Charlie Munger: I dont know anything about Haven. Code of Business Conduct and Ethics; Whistle Blower Policy; Shareholder Rights Agreement Annual Meeting of Stockholders Date: June 13, 2022 Time: 10:00 a.m. EDT Location: Hilton McLean Tysons Corner Information Agent. If youre willing to count small nations in the group, he had probably the best record that ever existed in the history of the world. And if there is one thing the world could learn from Singapore, what would that be? Or, has the digital revolution caused enormous productivity improvements in those businesses? You dont need to worry about them. Its doing a big public service. News Corp Announces Acquisition of Investor's Business Daily Do you agree with the premise and if so how would you address inequality? I regard this as insanity. Charlie Munger: Well, thats a very good question. It showsed how wise we were to put him there in the first place. These are very difficult questions and most people assume that its simple. 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. Charles T. Munger, who is also vice chairman of Berkshire Hathaway, is the former chairman and a current director.. Publishing business. And, of course, I think its vastly stupid for any state to be user-friendly to the rich people. LOS ANGELES, CA Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. And so I dont think its necessarily crazy that good companies sell at way higher multiples than they used to. Charlie Munger: Its quite importantpart of the success of a company like Costco. 75% of the total holdings value. Matthew Peterson is the Managing Partner of Peterson Capital Management, LLC. Corporate Governance. But, I hardly think the editorial quality could go way up when employees were going down. The psychology professors dont know all that much about the rest of knowledge and they have no incentive to master it. Can U.S. Treasury bonds be such a case today? The Zurich Project All we can promise is that were gonna try and so far as I can tell, were doing pretty well. Question: What would management [of Daily Journal] do with a sudden windfall of profits? What is Investor Relations? Issuer Direct $174 million and $174 million respectively. Charlie Munger: Robinhood trades are not free. Imagine a bunch of Chinese communists turning a whole lot of Chinese and the billionaires in a big hurry. The death tax in China is zero. You once said to study the life and work of Lee Kuan Yew. When you pay for order flow, youre probably charging your customers more and pretending to be free. New Investor Information - Cel Sci So, the shareholders have been lucky to have somebody like Gerry here who could learn what he didnt know and fix it. Ideaweek St. Moritz The wealth management industry has a crisis on its hands. Charlie Munger: Well, of course, if a person is a chronic drunk, we avoid him. The jurisdiction for this foreign stock company is SOUTH CaliforniaROLINA. Charlie Munger: I dont think you can make that a moral responsibility. I said it wont matter. Seneca Foods Reports Sales and Earnings for the Three Months Ended July 2, 2022 8/11/2022 4:10 PM. With no analysts or investor relations department, few understand the transformation that has occurred. Every value investor tries to get more value than he pays for. Today, the majority of contractual revenue that can be identified is from implementations and licenses. Of course, its hard to know what the future holds when in a complex system where you cant predict a lot of things. Charlie Munger: Well, I do have a tip. 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. Of course, its hard to negotiate in such a field. I knew a man once, Henry Singleton, who was not a chess champion. [1]: Charlie Munger: Its hard to know what exact macroeconomic policy is correct. Discover something new every day from News, Sports, Finance, Entertainment and more! Daily Journal Corp closed its position in Posco Adr on 5th January 2023. He really knew everything you had to do to avoid credit losses in a small town in Illinois. Delayed Nasdaq Quotemediais not affiliated with or approved by the U.S. Securities and Exchange Commission. 1/9/23. Ratios & Margins Daily Journal Corp. All values updated annually at fiscal year end Valuation P/E Ratio (TTM) - P/E Ratio (including extraordinary items) - Price to Sales Ratio 6.55 Price to Book. That way, whatever happens, he feels smart. Gerald Salzman: Charlie refers to the courts, many times. 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. The one thing I will say is that a lot of the moats that looked impassable, people found a way to displace. Rose Blumpkin had quite an effect on the Berkshire culture. And that is why Costco presents some danger to Amazon. and leadership at Berkshire Hathaway, Munger was . LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION. All rights reserved. of stocks: 4 Portfolio value: $174,434,000 Holdings Activity Buys Sells History * Reported Price is the price of the security as of the portfolio date. Culture is very important. They just copied Adam Smith and left out the free speech and it worked fine for them. Touch device users, explore by touch or with swipe gestures. We paid two and a half million for it. Iovance Biotherapeutics Reports Fourth Quarter and Full Year 2022 Im not going to change. Charlie Munger: Well, its most egregious in the momentum trading by novice investors lured in by new types of brokerage operations like Robinhood. Daily Journal Corporation Board Diversity Matrix Disclosure Nasdaq Requirement. Charlie Munger: I dont have any wonderful new thoughts. When these people go, there is none replacing them. Its difficult to break into the legal advertising system which supports so many newspapers, not only in California but elsewhere. But Henry was a genius. Their last reported 13F filing for Q4 2022 included $174,434,000 in managed 13F securities and a top 10 holdings concentration of 100.0%. 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. First Merchants Corporation to Report Fourth Quarter 2022 Financial Results, Host Conference Call and Webcast. When you get into these hard questions, theres a lot of very intelligent honorable people who reach opposite conclusions. In other words, when we shout our knowledge out, were really pounding it out. Daily Journal | DJCO Stock Price, Company Overview & News - Forbes Accounting is also in the cloud. When I look at the modern Singapore health system, it costs 20% of what the American system costs. Tu To, Daily Journal Corp: Profile and Biography Seneca Foods' (NASDAQ:SENE.A) investors will be pleased with their notable 70% return over the last three years 10/18/2022 3:57 PM. You fix what you can fit, and what you cant fix, you endure. [As for] marketable securities, we prefer owning common stocks to holding cash under current conditions and its kind of an accident that we have so much in marketable securities. But he was 90 years of age. Charlie Munger: Ladies and gentlemen, wherever you are, via Yahoo finances website. And by the way, I think its hard to teach. to see more advanced email alert options such as selecting any type of When it gets difficult, I dont think theres any automatic fix for difficulty. But there again, it's an interesting thing. He said it was the pursuit of the uneatable by the unspeakable. Thats the reason he rose so fast in life. If its not good enough for Berkshire, shouldnt we have the same standards? Transcribed image text: Auditor Changes at Daily Journal Corporation Charlie Munger is vice chairman of Berkshire Hathaway Inc. and is informally known as War- ren Buffett's "right arm." Munger also serves as chairman of Daily Journal Corporation, which publishes 10 newspapers and offers specialized information services and technology-based prod- ucts. Both Berkshire and Li Lu own BYD Company which you spoke highly of in the past. Performance numbers calculated through 2023-02-14. Rich Eisinger, Great content, great people. These actions have given some shareholders more visibility and comfort on their investment. In fact, what a lot of shareholders actually do is crowd in buying stocks on frenzyfrequently on creditbecause they see that theyre going up. Charlie Munger: Well, he was one of my closest friends for many decades. Many, but not all SEC filings are available in the SECs EDGAR database. Question: Why is Berkshire Hathaway selling shares of Wells Fargo as quickly as one can and the Daily Journal has sold one share? Asian Investing Summit I feel the same way about those choices. Gerry, can you ever remember Rick down? Charlie Munger: Well, the business around here that has the most promise is our software business automating the courts. And there arent many people that can do that. Implementation is expensed as provided, while the long-term recurring high-margin revenue is not yet included on the income statement. There are factories in China that are just absolutely full of robots and are working beautifully. Alt Turnover is calculated by taking either the total MV of new purchases or Or, is it impossible to realize a deterioration quickly enough to exit without a loss? 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. First Merchants Corporation (FRME) Stock Price, Quote & News - Stock Investor Relations Daily Journal Corp DJCO Valuation Morningstar Rating | Rating as of Jan 26, 2023 Quote Chart Stock Analysis News Price vs Fair Value . Theyre no longer using peasant girls to beat the brains out of our little shoe companies in America. Charlie Munger: I think Im alive because of a lucky genetic accident. Transcribed image text: Auditor Changes at Daily Journal Corporation Charlie Munger is vice chairman of Berkshire Hathaway Inc. and is informally known as Wa ren Buffetr's "right arm. Gerry, being a sound thinker, you know, did the very unpleasant work of shrinking it appropriately without bothering me or Rick. Just think of the things that were once prosperous that are now in failure or gone. Charlie Munger: I dont think so. Were all pretty forgiving of ourselves too which is probably a good thing. As of 29th December 2022, Daily Journal Corps top holding is 2,300,000 shares of Bank Of America currently worth over $76.2 million and making up 43.7% of the portfolio value. They dont work that hard at figuring out what works and what doesnt. Wheaton delivers amongst the highest cash operating . And, pretty soon, he turned that into this gloriously prosperous place. Think of all the monopoly newspapers that used to be, in effect, part of the government of the United States. I dont think well change on that. Mitch Gellman - Investor Relations & Strategic Adviser - LinkedIn We have offices in all the major cities in California and also in Logan, Utah. Charlie Munger: 2021 Daily Journal Annual Meeting Transcript. Tom Murphy used to say that his system of management was to delegate just short of total abdication. I think theyre a bad investment when interest rates are this low. Daily Journal : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF.. Daily Journal Corporation Announces Financial Resultsfor the Nine Months ended June 30.. Daily Journal Corporation Announces Financial Resultsfor the Six Months ended March 31.. Daily Journal : Fiscal 1Q Earnings Snapshot. I think that to some extent the complaint about the rich getting richer as a result of the COVID panic is a misplaced concern. A lot of the good rules of life are like that. And, of course, thats a very dangerous way to invest. Theres an old German proverb Ive always liked. So its a very theoretical discussion. How would they think about current opportunities with low rates and low inflation? New York, NY (March 25, 2021) - News Corp announced today it has agreed to acquire Investor's Business Daily from O'Neil Capital Management. Contact. Under Nasdaq's Board Diversity Proposal, operating companies listed on Nasdaq's U.S. exchange, including Daily Journal Corporation (DJCO), are required to publicly disclose diversity statistics . Get the latest articles and insights directly to your email inbox. As we can see from the deteriorating U.S. relationship with China, the Western world does not understand China. Questions: Why are some people incapable of learning new ideas and behaviors? Has the quality of the publication suffered as the employment levels have decreased? Have you seen the television show Queens Gambit on Netflix? Question: With all the work from home with Zoom and other technology, what do you think the future of commercial real estate looks like? Also, fortunately before the pandemic, we got out of the conference-type events and we were not subjected to the problems of no conferences nobody to attend. I do think that Im way less afraid of inequality than most people who are bleeding about it. That was a big error in judgment. Just time after time, he would choose the right system. Good Earnings for Salesforce Might Give Activist Investors a Chill Pill Youve even said business schools that dont adopt this method are doing their students a disservice. And interested and up to speed and didnt have to take a lot of time to get background information to make his comments. Los . For example, Coca-Cola in the past. Im Charlie Munger, Chairman, and to my right is Jerry Salzman, CEO. FOR ANNUAL MEETING OF SHAREHOLDERS. 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. You can hardly think of a decision that matters more to human felicity than who you marry. Always on point. 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? But its hard for anybody. Charlie Munger speaks at the Daily Journal annual meeting Create Email Alert, ***Log In or 2022. (Disclosure: the author has a position in the Daily Journal Corporation - a reliable sell indicator.) I think the Chinese were very smart. Youre better off concentrating your decision power on one person the way the Li Lu partnership does and then choose the right person. Its such a simple idea. All rights reserved. Question: In 1999, the year the Daily Journal bought Sustain Technologies, the traditional business employed 355 full-time employees and 61 part-time employees. That was not a startup, but it was so small and thinly traded that we were buying into a venture capital type investment but in the public market. But, but by and large, most of the knowledge has been available for a long time. Its chairman is Steven Myhill-Jones. Daily Journal Corporation (DJCO) company profile & facts - Yahoo! I think that would be insanity. And, of course, its going to create trouble as it did. Charlie Munger: Well, I dont know how well the economys doing to work in the future. He had a long and wonderful run. According to the last 13-F report filed with the SEC, Tu To serves as the Chief Financial Officer at Daily Journal Corp. . Webcast. Commission-free trading is not free. Our sole purpose is to serve the members of MOI Global as well as we possibly can in order to help them learn, invest intelligently, and build lifelong friendships with like-minded people. Corporate Actions Services. As a matter of fact, it will be here for a long, long time if we stop using many hydrocarbons in transportation. In addition, the fund holds 1,591,800 shares of Wells Fargo & Co worth $65.7 million, whose value grew 4.2% in the past six months. What were the lessons learned? But the accountants are duly elected. One of the interesting things about the Daily Journal is that we made all that money in the foreclosure boom. So he was just a perfect banker if you wanted never to have any trouble. As a matter of fact, what happens is to make a nation rich, you need a free market system. Of course, if he had a chance to do it over again, he would avoid those mistakes. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. Eli Lilly Slashes Price of Insulin | Nasdaq Many, but not all SEC filings are available in the SEC's EDGAR database. DJCO - Daily Journal Corp Valuation - NASDAQ | Morningstar Question: How do you control your investments in a world where reasonable companies with a good image like General Electric sink rapidly into the bottomland of the stock market. So its very difficult. Question: BYD is in the Daily Journal stock portfolio with a very big paper gain. The mantra he said over and over again is very simple. 306.00. Furthermore, hed gone through the Great Depression. But, I dont think Ive got a lot to contribute. Daily Journal Corp's portfolio is diversified across 3 sectors. The fully online conferences hosted by MOI Global bring together great minds from our network of intelligent investors, with a focus on timely ideas and timeless wisdom. Jen Saunders Charlie Munger at the 2021 Daily Journal annual meeting spoke once again at great length. The stock has gained so much this year and last year. I think this kind of crazy speculation in enterprises not even found or picked out yet is a sign of an irritating bubble. Visit Investor Network Presentation / Fact sheet Get the summary on ISDR today, including a copy of our recent investor presentation View Now US Global HQ One Glenwood Ave, Suite 1001 Raleigh, NC 27603 Tel: +1.919.481.4000 Fax: +1.919.481.6222 info@issuerdirect.com

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