Member Feedback 1996 - janv . What, for example, would you recommend as course materials? Question: In recent years, Berkshire Hathaway has provided much greater insight into the companys succession thoughts and has made available at the annual meeting the companys leading managers that will steer Berkshires future. Charlie Munger: Well, I do have a tip. Never before in the history of mankind have we seen such a rapid eradication of poverty, pulling approximately 800 million people out of destitution. Thats the good news. And I think wise people should just stay out of them. How did Eugene achieve incredibly low loan losses over the long term while so many other bankers have failed miserably? 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). Has there been anything that has surprised you, and what would be your best advice to someone starting a business now? Its entirely possible that our system is right for us and their system is right for them. I dont know which is worse. Currently, their heaviest sector is Finance making up 81.3% of the total portfolio value. Put me down as skeptical. The first rule of a happy life is low expectations. Is there anything that you wish you had added to your checklist sooner? Do Not Sell My Personal Information (CA Residents Only). With no analysts or investor relations department, few understand the transformation that has occurred. So, the people part has changed quite considerably being a small company.
DAILY JOURNAL CORP Investor Relations Manager - Salary.com All we can promise is that were gonna try and so far as I can tell, were doing pretty well. Charlie Munger: Modern monetary theory means that people are less worried about an inflationary disaster like Weimar Germany from government printing of money and spending it. The member publications, including The Manual of Ideas, have won acclaim for their depth, originality, and breadth of perspectives. 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. DAILY JOURNAL CORPORATION was incorporated on 13 Apr 1987 as FOREIGN STOCK company type registered at 915 EAST FIRST STREET LOS ANGELES CA 90012.
Astronics Corporation (ATRO) Can you speak to the causes, the trend, and make some predictions? And I think that were crazy to allow it. Charlie Munger: Well, Lee Kuan Yew had the best record as a nation builder. And we pay huge taxes to a combination of the federal government and the state of California when we sell something. And were gonna play that as hard as we can. N/A: N/A: N/A: . So, no I dont think its the responsibility of management to assure where the stock sells.
daily journal corporation investor relations All rights reserved. And even if you have a natural gift, you cant be good at it unless you start playing at a very young age and get huge experience. We expect many of our employees to always be at client court offices because we work with them very closely to make sure they get what they need. These actions have given some shareholders more visibility and comfort on their investment. 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 By the way, thats not the normal outcome in America. Im not trying to move mountains. Everybodys got a different situation. I think that that will probably continue. But its hard for anybody. Im not saying I wanted to live in China. No, I dont think I have anything to contribute. And I dont think that we or the Daily Journal is getting ahead because weve got some wonderful macroeconomic insight. Question: [The questioner] quotes a commencement address you gave in 2007 at USC Law School.
Daily Journal Corporation Company Profile | Los Angeles, CA New York, NY (March 25, 2021) - News Corp announced today it has agreed to acquire Investor's Business Daily from O'Neil Capital Management. I think you should try and make your money in this world by selling other people things that are good for them. Always on point. 2022 Junto Investments, all rights reserved. Question: It is estimated that the Gates Foundation has saved well over 100 million lives. The Form 13F report requires disclosure of the manager that files the report, the name and class of the security, the CUSIP number, the number of shares .
What is Investor Relations? Issuer Direct It sold the previously owned 9,745 shares for $357 thousand.
Charlie Munger: 2022 Daily Journal Annual Meeting Transcript - Junto Daily Journal Corp is based out of Los Angeles. Daily Journal Corp publishes newspapers and web sites covering California and Arizona and produces several specialized information services. You can hardly think of anything more important in life than being reliable for the people who trust you. We will now proceed to the question period. Larry Summers has recently been quoted as being worried that were having too much stimulus. Charlie Munger: 2021 Daily Journal Annual Meeting Transcript. Furthermore, hed gone through the Great Depression. Thats true whether youre Benjamin Franklin or Joe klutz. When autocomplete results are available use up and down arrows to review and enter to select. All the buses. containing a link to download the .zip file of the CSV file(s) you requested. 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. And all I can say is that well do the best we can. Charlie Munger: Its partly culture but a lot of it is just born in and its a quirk. Are traditional dividends and share repurchases the likely end-stateassuming our software business grows into a bonafide companyor will buying and holding securities from time to time be what the board is comfortable with? Member-Only Podcasts There are companies that Daily Journal Corp is getting rid of from its portfolio. Question: Can you share some parting thoughts with the viewers who are watching all around the world? 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.
Election | | daily-journal.com And some bankers yield to the temptations. Have you met Lee Kuan Yew in person? Of course, its going to be difficult. And I think that that is inevitable because its difficult to be a good investor. Question: You and Warren have been adept at quickly sizing people up, particularly business leaders and potential business partners. But he was 90 years of age. All those factors come into play and if you go back a little further, we eliminated California Lawyer magazine and we had one time a newspaper in Seattle and one in Denver. I was good at having low expectations and that helped me. I feel the same way about those choices. 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 A lot of people assume that since England led the Industrial Revolution and had free speech early that free speech is required to have a booming economy as prescribed by Adam Smith. 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. My guess is we have suffered some editorial quality. You fix what you can fit, and what you cant fix, you endure. Charlie Munger: I think I had the right temperament. Billionaires Group The original newspaper, The Daily Court Journal (Los Angeles), began publication in 1888. CORRECTION - Daily Journal Corporation Announces Financial Resultsfor the Three Months.. Daily Journal Corporation Announces Financial Results for fiscal year ended September 3.. Daily Journal Corporation Announces Financial Results for the three months ended Decemb.. Daily Journal Corporation Announces Financial Results for fiscal 2017 ended September 3.. Daily Journal Corporation Announces Financial Results for Fiscal 2016 ended September 3.. Daily Journal Corporation Announces Financial Results for the Three Months Ended Decemb.. Daily Journal Corporation Announces Financial Resultsfor Fiscal Year Ended September 3.. Daily Journal Corporation Announces Financial Results for the Nine Months Ended June 30.. Daily Journal Corporation Announces Financial Results for the Six Months Ended March 31.. Daily Journal Corporation Receives Notice Regarding Non-Compliance With NASDAQ Listing .. Daily Journal Corporation : Announces Financial Results for the Three Months Ended Decembe.. Daily Journal Corporation : Announces Financial Results for the Fiscal Year ended Septembe.. Daily Journal Corporation : Announces Financial Results for the Nine Months ended June 30,.. Daily Journal Corporation : Announces Financial Results for the Six Months ended March 31,.. Interim 2023 Earnings Release (Projected), THE NEW YORK TIMES COMPANY : Q1 2023 Earnings Release (Projected), NEWS CORPORATION : Q3 2023 Earnings Release (Projected), REACH PLC : Interim 2023 Earnings Release, Daily Journal, long overseen by Charlie Munger, halves stake in China's Alibaba. So, to some extent, everybody buying medical services in Singapore is paying for it themselves. Jen Saunders Its a funny way to make money. Voir plus Voir moins Financial Analyst PaineWebber, Inc - UBS fvr. BYD sells at nearly 200 P/E. email address below and choose 'Submit'. They are joining the modern world very rapidly and theyre getting very skillful at operating. We take the situation as it is and try to solve it. I admire him that much. But, of course, if we got a chance to do it again, we would do it better. Question: What is the wisdom behind holding bank stocks compared to other stocks. I think civilization would do better without it. So, its a very interesting competitive field. Charlie Munger: Well, of course, the places downsized. Find the latest Daily Journal Corporation (DJCO) stock quote, history, news and other vital information to help you with your stock trading and investing. When it gets difficult, I dont think theres any automatic fix for difficulty. The best venture capital operation probably in the whole world is Sequoias and they are very good at this early stage investing. And if its unfixable, learn to live without it. It was a background that helped everybody.
That turned out to be a wonderful idea and thats one of the reasons we made all this money. This Week in Intelligent Investing. Remember the Dot Com boom when every little building in Silicon Valley ran into a huge price and a few months later about a third of them were vacant. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Charlie Munger: Real estate has always been a difficult field. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. And, pretty soon, he turned that into this gloriously prosperous place. Theyre just very simple. But we cant.
European Investing Summit According to the last 13-F report filed with the SEC, Tu To serves as the Chief Financial Officer at Daily Journal Corp. So we have one basic system configured in a number of different ways, including workers comp for a large state in the United States. One of the great advantages of the way Berkshire operates is that we associate with a lot of marvelous people. Once again, the wit and wisdom of Charlie Munger was on full display at the deceptively youthful age of 97!
Knox Lane hires Buntain to head investor relations | PE Hub His method for doing it was so simple. 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. Nobody was trying to make the rich richer. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. He was very courageous and generous in helping everybody around him all his life. First Merchants Corporation to Report Fourth Quarter 2022 Financial Results, Host Conference Call and Webcast. We are now a thriving global community of intelligent investors, connected through great ideas, thought-provoking interviews, online conferences, live member events, and much more. The most important decision in life to benefit those who are single, perhaps including some of your grandchildren and great-grandchildren. At about the same time, we bought a newspaper in Phoenix and that worked out extremely well. But he knew how to learn what he didnt know. And since we are on the subject of selling potentially overvalued security, could you provide your systems for selling securities? 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. And there arent many people that can do that. By the way, the Harvard Business School, when it started out way early, they started out with a history of the business. I prefer the United States. Ideaweek Podcast As a matter of fact, its not clear to me that China would have done better if theyd copied every aspect of English civilization. In Singapore, you get a savings account the day youre born. One is a big interest in Li Lus China fund, which is a limited partnership, and the other is a Vanguard index fund. And so, the stock went way up. View the latest DJCO financial statements, income statements and financial ratios. I think Im a little more lenient. Zurich Project Podcast Investors Will Want Seneca Foods' (NASDAQ:SENE.A) Growth In ROCE To Persist 7/31/2022 8:49 AM. Charlie Munger: Im sure some are, but, by and large, thats not what Warren is known for. Corporate governance. And its rather interesting. Questions: Many observers see market behavior that reminds them of the Dot Com bubble: wild speculation, endless SPACs, and IPOs soaring on their first day of trading. And when the old CEO of the Daily Journal died, Gerry was managing the business affairs of the Munger Tolles law firm. Theres an old German proverb Ive always liked. Of course, its hard to know what the future holds when in a complex system where you cant predict a lot of things. 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. Charlie Munger at the 2021 Daily Journal annual meeting spoke once again at great length. A lot of things are going to change. 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? Los Angeles, California 90012 . Rose Blumpkin had quite an effect on the Berkshire culture. Question: How important is the analysis of company culture in the investment process? Best Ideas Conference But Im flabbergasted at how well theyre doing. Of course, people behave more sensibly when theyre spending their own money. Question: Do you believe the market is going through a long-term value slump similar to 1999, or do you believe technology has caused a permanent change in how companies should be valued? But I do think having a whole system to sell hydrogen is difficult. You can hardly think of a decision that matters more to human felicity than who you marry. And that institution has two assets in its endowment account. 2/24/23. Question: It seems likely that the current Fed policy of keeping interest rates near zero will only exacerbate the income disparity in this country by benefiting those who own the financial assets. Question: Should there be a tax on buying stock now that Robinhood trades are free? Are they more stable? The majority of the companies in the funds portfolio are large-cap stocks. 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. 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? We got a dividend of two and a half million shortly thereafter. One thing I can promise is that I wont contribute much to it because I dont understand it. 50.0% of the portfolio companies I kind of admire the way Bill takes on these very hard problems. 2/13/23. Question: Does management, in your opinion, have a moral responsibility to have their shares trade as close to fair value as possible? These symbols will be available throughout the site during your session. Charlie Munger: Well, I so rarely hold a company like BYD that goes to a nosebleed price that I dont think Ive got a system yet. A lot of the old moats are going away, and, of course, people are creating new moats all the time. Charlie Munger: I dont have any wonderful new thoughts. And, we have to function as an informal committee in that we have to bring our employees and our clients together to work out what they already know and how we can help them do a better joba more efficient job. Intelligent Investing in Crisis Mode. How do you decide to hold on to a stock or sell some? I said it wont matter. Daily Journal Corporation Board Diversity Matrix Disclosure Nasdaq Requirement. Capitalism is almost as brutal as that. Daily Journal Corporation was incorporated in 1987 and is based in Los Angeles, California. Classified advertising is down significantly. Daily Journal Corporation ( NASDAQ: DJCO) is a business and legal news and advertising editorial in California. 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. 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. Just think of the things that were once prosperous that are now in failure or gone. With no analysts or investor relations department, few understand the transformation that has occurred. 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. All-Time Favorites You have to be concerned about employees lives. Today, it hovers around 9500. 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. In other words, its your money. Were all pretty forgiving of ourselves too which is probably a good thing. He was old as I am. And some types of real estate in recent years has been particularly difficult. 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.
Investors | Seneca Foods I think the bankers of today could learn a lot from Eugene, but little is known of him. In fact, what a lot of shareholders actually do is crowd in buying stocks on frenzyfrequently on creditbecause they see that theyre going up. Im satisfied with the way things have worked out and Im not gnashing my teeth when other people are doing better. Whoever dreamed when I was young that Kodak and General Motors would go bankrupt. And, I think Jack Ma was very arrogant to be telling the Chinese government how dumb they were, how stupid their policies were, and so forth. And its really stupid to have a culture that encourages as much gambling in stocks by people who have the mindset of race track betters.
Question: What books are you currently reading and what can you reccomend? Chinas economic record among the big nations is the best that ever existed in the history of the world. Question: What do you hope the future of the Daily Journal Corporation looks like in a decade? Since the annual event first launched in 1996 . Im not saying that oil and gas is going to be a wonderful business but I dont think its going away. Munger became Chairman (because he was an attorney).
Iovance Biotherapeutics Reports Fourth Quarter and Full Year 2022 If you go to a little country like Estonia, the whole damn country is on the internet and its a very good idea. Asian Investing Summit And what he does is he sells about half of them always.
daily journal corporation investor relations | Tulipnos ltalnos Iskola I think theyre probably right, by the way. Nobody should believe that Robinhoods trades are free. It operates through the Traditional Business and. But they dont teach that in the psychology department because the academic system rewards little experiments that develop more insight into psychological tendencies instead of synthesizing whats already been discovered with the rest of knowledge.