Daily Journal Corporation ( NASDAQ: DJCO) is a business and legal news and advertising editorial in California. LEARN MORE. On balance, we hold in certain of these position when, normally, we wouldnt buy a new position. The board includes high-profile names such as Rick Guerin, Peter Kaufman, and Charlie Munger. Ive been around for a long time and my policy has always been to just write them out. Now, it sounds like anybody would know that made sense. Of course, his son, who is a bright man, is now Prime Minister of Singapore. Because even as a boy, I knew a lot about who was sound who wasnt sound in Ohama. So, Im kind of pleased that Im still functioning at all. If you dont have master the rest of the knowledge you cant synthesize it with psychology. How do you recognize a potential downfall in a company you hold/invest in?
Im way more comfortable owning two or three stocks which I think I know something about and where I think I have an advantage. They wouldnt be a lot happier if they were richer or a lot less happy if theyd been poor. And weve had marvelous people here to help us do it through very difficult times and one of them is Gerry Salzman. I think that would be insanity.
Transfer Agent | Shareholder Services | Investor Relations | Norfolk Implementation is expensed as provided, while the long-term recurring high-margin revenue is not yet included on the income statement. As of 29th December 2022, Daily Journal Corps top holding is 2,300,000 shares of Bank Of America currently worth over $76.2 million and making up 43.7% of the portfolio value. #CharlieMunger #DailyJournalAnnualMeeting #BerkshireHathaway Yahoo Finance is the exclusive live stream platform for the fully virtual Daily Journal ($DJCO) Annual Meeting with Chairman Charlie. This is a highly desirable thing. Theyd take you through the building of the canals and the building of the railroads and so on and so on. Hed been a receiver for a bank.
Bruker Corporation to Present at Investor Conferences Wheaton delivers amongst the highest cash operating . He was fun to be with because he was always jumping out of airplanes and parachutes and running marathons and so on, doing all kinds of things I would never consider doing. Delayed Nasdaq I dont define that as value investing. I tell a story on Rick that he took the Navys IQ test and got one of the highest scores ever recorded and left early. Charlie Munger: Ben Franklin was one of the wisest men who ever lived. Description Daily Journal Corp. Daily Journal Corp. engages in the publication of newspapers and websites covering California and Arizona. That is true and makes sense. Type a symbol or company name.
Daily Journal | DJCO Stock Price, Company Overview & News - Forbes Podcasts enable members to enjoy content in a convenient format. Sure, we all love the kind of civilization we have. The wealth management industry has a crisis on its hands. Charlie Munger: Theres one thing that were quite passionate about and that is serving the customers who have trusted us. Of course, thats a useful thing. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. I find that by working at that, I can actually make some improvements even though Im old. It wasnt some malevolence of the rich that caused it. Timeless Selections No one knows for sure just how much government intervention is wise and at what point the government should stop intervening. Of course, that will still work. containing a link to download the .zip file of the CSV file(s) you requested. Copy and paste multiple symbols separated by spaces. Charlie Munger: Well, of course, if they bring in a brand new technology you dont understand at all, youre at something of a disadvantage. Question: Should there be a tax on buying stock now that Robinhood trades are free? Charlie Munger: I dont know anything about Haven.
Charlie Munger Just Doubled Down on Alibaba: Should Investors Follow 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. 2023 Annual Meeting. 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. Charlie Munger: I cant think of a We paid high prices for some little companies in the course of trying to enter the court software business. -, 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. It says that man is too soon old and too late smart. Daily Journal Corporation Announces Financial Results for Fiscal Year ended September .. Daily Journal : Fiscal Q3 Earnings Snapshot. Its like evolution in biology.
Wheaton Precious Metals Corp. - Investors 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. 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. We dont have any other secrets, do we Jerry? I dont think Im likely to have any new thoughts that are going to work miracles either. I have a very simple idea on the subject. How do you decide to hold on to a stock or sell some?
Daily Journal Corp. - AnnualReports.com I think the world is gonna be quite different. But, I hardly think the editorial quality could go way up when employees were going down. Chuck Royce. We paid two and a half million for it. The average salary for Investor Relations Director at companies like DAILY JOURNAL CORP in the United States is $173,091 as of November 23, 2022, but the range typically falls between $149,030 and $199,970. But I dont think thats going to end up with a mistake. He really knew everything you had to do to avoid credit losses in a small town in Illinois. The Daily Journal is a legal publisher in Los Angeles, spun out in 1986 as a public company from a closed-end fund Munger and Guerin owned. I predict that if they do that, a lot of people will leave Washington. Question: Which do you think is crazier? 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. Charlie Munger: I dont think I use much physics in solving my investment problems but it occasionally helps me. Whoever dreamed when I was young that Kodak and General Motors would go bankrupt. And I dont think youll find me engaged in the massive rezonings in the future. Gerry, you have a comment on that? Industry Insights Summit
DJCO - Daily Journal Corp Stock Price Quote - Morningstar Im pretty easy on myself these days.
DAILY JOURNAL CORPORATION - Address, Director information I recommend that other people follow my practice. Of course, it really helped to know everybody in town. But he knew how to learn what he didnt know. God knows it was difficult but I dont think its a mistake. 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: Its quite importantpart of the success of a company like Costco. I do think the present CEO is an extraordinarily able man and the directors made a very wise choice when they put him in charge. Charlie Munger: I think Ill skip that one. 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. Do you agree that there is a close parallel to the late 90s and that this, therefore, must end badly?. Rose Blumpkin had quite an effect on the Berkshire culture. Who gets rich faster by class is going to vary over time and I dont think anybody should be too concerned by it. Investor Relations (IR) combines finance, communication, and marketing to effectively control the flow of information between a public company, its investors, and its stakeholders. If anybody can fix it, he can. 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? USD. The best venture capital operation probably in the whole world is Sequoias and they are very good at this early stage investing.
DAILY JOURNAL CORPORATION : Shareholders Board Members Managers and I think its just to some extent you either have it or you dont. Question: You famously run investments through your mental checklist. If a civilization can progress only when it invents the method of invention, you can only progress when you learn the method of learning. Question: BYD is in the Daily Journal stock portfolio with a very big paper gain. Currently, their heaviest sector is Finance making up 81.3% of How did Eugene achieve incredibly low loan losses over the long term while so many other bankers have failed miserably? In other words, I think the system of checks and balances and elections that our founders gave us actually gave us pretty much the right policies during my lifetime. Question: It is estimated that the Gates Foundation has saved well over 100 million lives. 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 .
DJCO - Daily Journal Corp Valuation - NASDAQ | Morningstar Its not generally noticed by the public but clearinghouses clear all these trades. The most important decision in life to benefit those who are single, perhaps including some of your grandchildren and great-grandchildren. Charlie Munger: Well, its natural for people to think their own civilization and their own nation are better than everybody else. Charlie Munger: Well, generally speaking, I dont try and compete with Sequoia.
Charlie Munger's Daily Journal Corporation Is A Cohiba Cigar Butt If we could make the world richer by just raising the minimum wage to $100,000 a second or something, of course we would do it but. Question: What do you hope the future of the Daily Journal Corporation looks like in a decade? We will now proceed to the question period.
Put me down as skeptical. Investor Relations Daily Journal Corp DJCO Valuation Morningstar Rating | Rating as of Jan 26, 2023 Quote Chart Stock Analysis News Price vs Fair Value . Question: Does management, in your opinion, have a moral responsibility to have their shares trade as close to fair value as possible? I think you can count on the fact that if we really like the company and we like the managementand that is the way we feel about BYDwere likely to be a little too loyal. Los . And, as Gerry has just said to me just after breakfast, you wouldnt want to invest in a parking lot by a courthouse for the future because an awful lot of the court proceedings are going to go to the internet. 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. Our editorial system and our advertising system are all in the cloud. DAILY JOURNAL CORP MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RES.. Daily Journal Corporation Announces Financial Results for the Nine Months ended June 30.. Daily Journal : Fiscal Q2 Earnings Snapshot. Thats what weve been doing throughout my whole lifetime. 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. Nobody should believe that Robinhoods trades are free. 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? When autocomplete results are available use up and down arrows to review and enter to select. And I just think it was academically inconvenient for them. Accounting is also in the cloud. Question: What is the biggest lie currently being perpetuated by the investment complex? Question: Last year, almost every ecommerce, internet, and internet adjacent stock was up 100 plus percent. For example, Coca-Cola in the past. These symbols will be available throughout the site during your session. Apartments have come through better. Charlie Munger: I think Im alive because of a lucky genetic accident. Do you agree with the premise and if so how would you address inequality? 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.
Daily Journal Corporation (DJCO) Company Profile & Facts - Yahoo! Charlie Munger: I think I had the right temperament. And, of course, thats a very dangerous way to invest. 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 Find the latest Daily Journal Corporation (DJCO) stock quote, history, news and other vital information to help you with your stock trading and investing. Charlie Munger: Well, you know, I had a failed marriage, so I dont think Im in the perfect position to advise the young about marriage. So, to some extent, everybody buying medical services in Singapore is paying for it themselves. 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? 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 . Is there anything that you wish you had added to your checklist sooner? That doesnt happen. Ellen Ireland will be inspector of elections. Im not saying that oil and gas is going to be a wonderful business but I dont think its going away. And his conclusion is that mankind should just step up to it and do it. So, its a very interesting competitive field. Daily Journal Corporation Announces Financial Results for the Six Months ended March 31.. Daily Journal : Announces New Chairman and CEO - Form 8-K. Daily Journal Corp : Change in Directors or Principal Officers, Financial Statements and E.. Daily Journal Corporation Announces New Chairman and CEO, Daily Journal : Fiscal Q1 Earnings Snapshot. If you go to a little country like Estonia, the whole damn country is on the internet and its a very good idea. 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 Those are pretty good rules and theyre pretty 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. And what are the implications, since Treasury assets underpin the value of every other asset? CFO & Investor Relations Contact: 398.5k: N/A: 1962: Ms. Maryjoe Rodriguez: Pres: N/A: N/A: 1984: Ms. Michelle Stephens: Exec. Daily Journal Corp (DJCO) 10K Annual Reports & 10Q SEC I prefer the United States. 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. If you have unrealistic expectations, youre going to be miserable all your life.
Daily Commerce DAILY JOURNAL CORPORATION was incorporated on 13 Apr 1987 as FOREIGN STOCK company type registered at 915 EAST FIRST STREET LOS ANGELES CA 90012. Youd say that everybody does that in their education but I dont think everybody does. What, for example, is to stop the Chinese government from simply deciding one day to nationalize BYD? 2021 Quotemedia. Similar Job Titles: Until his recent step-down as chairman of the board in April, the marketable. And when the old CEO of the Daily Journal died, Gerry was managing the business affairs of the Munger Tolles law firm. 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. And, what about passive investing?
But, of course, its a very difficult field. So you now know what I do in charitable institutions. Copyright 2023 Surperformance. And what did the Chinese communists do with respect to death taxes? 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. If you continue to use this site we will assume that you are happy with it. He knew everybody and everything. What else can you do? Imagine a bunch of Chinese communists turning a whole lot of Chinese and the billionaires in a big hurry. Questions: Many major businesses and high net worth individuals have been leaving California. Generally speaking, people assume that were a normal software company like Microsoft or something. When I was young, I rezoned some properties very successfully.
Titan International, Inc. - Investor - Contact So, you have to be a little closer to the employees needs, desires, babysitting, and all those activities that were kind of taken for granted in the past. I was good at having low expectations and that helped me. And by the way, I think its hard to teach. That turned out to be a wonderful idea and thats one of the reasons we made all this money. I dont think that hydrocarbons are going. And he said; I cant decide the order of presidency between a flee and a louse. Thats very, very important. 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. And I think that were crazy to allow it. Absolute insanity. So, I dont mind a little inequality and what I notice is that the rich families generally lose their power and wealthand pretty fast. All-Time Favorites Charlie Munger: Well, I cant top Lee Kuan Yews example. Charlie Munger: Im sure some are, but, by and large, thats not what Warren is known for. 1, 2023 By Tal Burnovski Yeyni A California court of appeal held it was not bound by SCOTUS' ruling. Tom Gayner, Adds value to my research process. One of the interesting things about the Daily Journal is that we made all that money in the foreclosure boom. If you take the last 100 years, 1922 to 2022, most of modernity came in in that 100 years. Charlie Munger: Well, of course, if a person is a chronic drunk, we avoid him. 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. Membership Tour When the pandemic is over, I dont think were going back to just the way things were. I never buy any and neither does Daily Journal. He took over a malarial swamp with no army, no nothing. Charlie Munger: I think everybody is willing to hold stocks at higher price-earnings multiples when interest rates are as low as they are now. Create Email Alert, ***Log In or I didnt get to where I am by going after mediocre opportunities. What could investors do to cope better with periodical frenzy? If you were offered a fresh start today, what would you do differently in life and in investing? Charlie Munger: Well thats an easy one.