daily journal corporation investor relations

Everybodys got a different situation. Some people think that value investing is you chase companies that have a lot of cash and theyre in a lousy business or something. That thing circulates. [1]: Stocks with a size of more than $10 billion in market cap make up On balance, we hold in certain of these position when, normally, we wouldnt buy a new position. If you take the last 100 years, 1922 to 2022, most of modernity came in in that 100 years. There are these periods in capitalism. We take the situation as it is and try to solve it. Never before in the history of mankind have we seen such a rapid eradication of poverty, pulling approximately 800 million people out of destitution. The Corporation will host a fourth quar. I think most people are born with a happystat. The editorial team seeks out thought-provoking insights and variant perspectives from across the membership network and beyond. And there arent many people that can do that. So it gets very dangerous. Could you give more examples both good and bad ones from your personal observations or through vicarious readings? Thank you for all you do to educate us. Charlie Munger: Well, I cant top Lee Kuan Yews example. Its like evolution in biology. All text and design is copyright 2020 WhaleWisdom.com. So its a very theoretical discussion. So, its a very interesting competitive field. Daily Journal Corporation Announces Financial Results for Fiscal Year ended September .. Daily Journal : Fiscal Q3 Earnings Snapshot. Charlie Munger: Well thats an easy one. But we cant. Question: [The questioner] quotes a commencement address you gave in 2007 at USC Law School. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. The total portfolio value may be much higher due to cash You know, its just, its incredible whats happened in terms of the destruction. Now 16 years have passed. The meeting was held on February 24, 2021. It doesnt happen anymore. Youve reached the limit of my circle of competence. The Daily Journal shareholders will have to take whatever outcome comes from caring more about our customers than is at all common. 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 think most people who are assuming tolerable success in life are about as happy as they were ordained to be. So, I think for some folks, early-stage investing is best, and for other folks, what Ive done in my life is best. 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. And another shareholder asked: Dear Mr. Munger, please share your thoughts on the recent /r/WallStreetBets GameStop short squeeze. Delayed Nasdaq Charlie Munger: I dont know anything about Haven. But, but by and large, most of the knowledge has been available for a long time. 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. 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. Create Email Alert, ***Log In or And that institution has two assets in its endowment account. And, of course, when things get extreme you have things like that short squeeze. Questions: Now that we are cash flow positiveassuming the software business is investing organically as much as it canwhat is the philosophical thinking with respect to capital allocation at the Daily Journal. And, what about passive investing? Quickly find out what the most recently closed or increased positions are. Question: Do you think value investing is still relevant in a GDP-decreasing world? When you get into these hard questions, theres a lot of very intelligent honorable people who reach opposite conclusions. The best venture capital operation probably in the whole world is Sequoias and they are very good at this early stage investing. Daily Journal Corp publishes newspapers and web sites covering California and Arizona and produces several specialized information services. SEC form, multiple filers or classes of filers, and much more.***. All rights reserved. And that isnt necessarily right for its customers. Question: What advice would you give to someone who is trying to stay within their circle of competence but finding that the pace of technical technological innovation is rapidly reducing that circle? His method for doing it was so simple. You can imagine its in a wonderful position and that excited the people in China which has its share of crazy speculators. John Lambert, First class in every way. 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. I own some apartment houses, so I like that investment, provided youve got a perfect management which is hard to get. This information can be used by investors to verify and understand the financial position of the company. And I think thats what shareholders do. Question: Do you believe the valuations for electric car manufacturers are in bubble territory? The high margin, profitable and rapidly growing digital first financial news and research business will be operated by Dow Jones, a News Corp subsidiary. Hell be able to do it. Charlie Munger: I dont think I have a lot of wonderful advice about starting a business but what youve learned in the pandemic is that we can do with a lot less travel and a lot more Zooming. For example, Coca-Cola in the past. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. 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. the MV of securities sold, whichever is less, Tilly's, Inc. And thats what we have going in the stock market in a frenzy thats fed by people who are getting commissions and other revenues out of this new bunch of gamblers. 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. 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. If you go to a little country like Estonia, the whole damn country is on the internet and its a very good idea. Gerald Salzman: Always upbeat, yes. Who gets rich faster by class is going to vary over time and I dont think anybody should be too concerned by it. But I do think having a whole system to sell hydrogen is difficult. Previously, Buntain worked at The Carlyle Group, where he . Latticework New York The Hamilton Live 600 14th Street NW 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 . And his conclusion is that mankind should just step up to it and do it. They have created a strong culture of fanaticism about cost, quality, efficiency, and honor. 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. Always on point. Wheaton delivers amongst the highest cash operating . Last year it quintupled. In Singapore, you get a savings account the day youre born. And if you stop to think about it, that is also true at the Daily Journal. I dont think Ive got any great insight about hydrogen. This Week in Intelligent Investing. I regard this as insanity. 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. Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter. Ten Charts That Show World Economy's Turbulent Course Over 2022 Market Data Stocks Commodities Rates & Bonds Currencies Futures Sectors View More Markets Economics Economics Indicators Central. If you do that all the time; if youre looking for disconfirming evidence and putting yourself on a grill, thats a good way to help remove ignorance. Question: Can you share some parting thoughts with the viewers who are watching all around the world? Do you think the Daily Journal would have hundreds of millions of marketable securities now if Gerry didnt know how to learn something new? There are currently 4 companies in Mrs. Tos portfolio. Good Earnings: Salesforce's revenue was up 18% year-over-year, totaling $31.4 billion, and it's expected to grow to $34.5 billion next year. 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. So he was just a perfect banker if you wanted never to have any trouble. Create your Watchlist to save your favorite quotes on Nasdaq.com. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. The majority of revenue is generated from Traditional business segment. It also serves as a newspaper representative specializing in public notice advertising. Members of MOI Global enjoy complimentary access to a growing array of resources and content related to the art of intelligent investing. And that is why Costco presents some danger to Amazon. Its one of the most ignorant professions in the world. And they dont just keep everlastingly at it the way he did. Everybody is. Charlie Munger: Well, its most egregious in the momentum trading by novice investors lured in by new types of brokerage operations like Robinhood. I dont follow that practice but I dont criticize it either. 2023 Annual Meeting. Have you seen the television show Queens Gambit on Netflix? Thats a really good rule. The majority of the companies in the funds portfolio are large-cap stocks. Investor Relations & Corporate Communications 650-260-7120 ext. Announces 2022 Holiday Period Net Sales, Updates Fourth Quarter Outlook. 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. 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? Gerald Salzman: There are a number of factors that come into play here. That happened because Gerry and I bought these little newspapers all over the state just as a precaution to make sure we could serve public notice advertising wherever it arose in the state. Theres an old German proverb Ive always liked. Charlie Munger: I dont have any wonderful new thoughts. At the age of 97, Charlie Munger wasnot surprisinglysharp as a tack. But, of course, I think there will be more automation in transportation of all kinds in the future. You used examples of Lee Kuan Yews good judgment in choosing someone with brains over certain physical attributes in your past interview. Thats an interesting example of self-learning. SEC Form 13F Filing History. 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. You saw the ebb and flow of industry and the creative destruction of the economic changes and so on. He really knew everything you had to do to avoid credit losses in a small town in Illinois. Jeffrey Stacey, I enjoy it and others will also. Relative to the number of outstanding shares of Bank Of America, Daily Journal Corp owns more than approximately 0.1% of the company. How would they think about current opportunities with low rates and low inflation? Charlie Munger: Im sure some are, but, by and large, thats not what Warren is known for. What little newspaper company has come through the crisis of this destroying of all the newspapers better than the little Daily Journal? 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. We dont have any other secrets, do we Jerry? Computershare Investor Services 8742 Lucent Boulevard, Suite 225 Highlands Ranch, CO 80129 . Charlie Munger: Well, we dont really know where its all going. And I think the directors of GE deserve a lot of credit for making Larry Culp the CEO. The average market cap of the portfolio companies is close to $220 billion. Would you mind elaborating on how a professor or individual should go about building a curriculum around this approach? The fund focuses on investments in the United States as If its not good enough for Berkshire, shouldnt we have the same standards? The votes in favor of that are 995,356 against 120. These symbols will be available throughout the site during your session. Any tips for someone who wants to work on and improve their ability to hold two opposing views at the same time? What else can you do? Theyve served us well over the years. What were the lessons learned? Daily Journal Corporation was incorporated in 1987 and is based in Los Angeles, California. And its rather interesting. Intellectual Property Daily Journal Corp (DJCO) 10K Annual Reports & 10Q SEC What, for example, would you recommend as course materials? 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. Have you considered amending this quote or lowering your standards? You must have a subscription to view WhaleScore histories. The psychology professors dont know all that much about the rest of knowledge and they have no incentive to master it. Are Berkshires managers aware that through their efforts to create business success at Berkshire that they have been involved in saving millions of lives? And the next time around the poor will get richer faster than the rich. 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. Chinas economic record among the big nations is the best that ever existed in the history of the world. Communicated daily with internal traders and sales force, plus marketed globally to Buy-Side clients . Prior to forming Peterson Capital Management, LLC and launching Peterson Investment Fund I, LP, Matthew split time between Wall Street and London as Capital Markets Manager in the Financial Services Vertical at Diamond Management and Technology Consultants. And its a shame that the economics textbooks dont emphasize how much a growing economy needs poverty in order to get out of poverty. It was a background that helped everybody. Charlie Munger: Real estate has always been a difficult field. Meet-the-Author Summer Forum Thats what weve been doing throughout my whole lifetime. And, for example, here, we must have 30 or 40 deaths. 915 East First Street. Daily Journal Corp's portfolio is diversified across 3 sectors. And, he was very good company and a splendid gentleman. People really trust Costco will be delivering enormous value. But I dont think everybody can be a great investor or a great chess player. Nobody else has ever taken a big country out of poverty so fast and so on. If you have unrealistic expectations, youre going to be miserable all your life. 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. Of course, if he had a chance to do it over again, he would avoid those mistakes. Sign-up Commission-free trading is not free. I prefer the United States. Question: My question concerns China. Capitalism is almost as brutal as that. Webcast. At this rate, hell likely (hopefully) reach the longevity of Irving Kahn. [2]: He said, figure out what works and do it. Question: How important is the analysis of company culture in the investment process? And we pay huge taxes to a combination of the federal government and the state of California when we sell something. It says that man is too soon old and too late smart. So, you can understand why Warren got disenchanted with Wells Fargo. Charlie Munger: Well, heres what I meant. Currently, their heaviest sector is Finance making up 81.3% of the total portfolio value. Ill paraphrase here. We have our crotchets and I just dont know enough about it to want to go into that activity. Is there any new material? But he knew how to learn what he didnt know. 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. There are companies that Daily Journal Corp is getting rid of from its portfolio. He knew everybody and everything. Licensed software for many ten-year contracts is currently in the multi-year implementation stage. Always tell the truth and never lie to anybody about anything. Best Ideas Omaha 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. I think I would have lived a long time if I had lived a different life. With no analysts or investor relations department, few understand the transformation that has occurred. So far the evidence would be that maybe the monetary modern monetary theory is right. Theyre just very simple. And I was like Rip Van Winkle; when I tried to come back to it, I found that the world had changed. I recognized early that Gerry could run anything he wanted to run. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. He had a long and wonderful run. The decision was. As we can see from the deteriorating U.S. relationship with China, the Western world does not understand China. Question: Charlie, you are known as an advocate for learning from ones mistakes. He was that smart. Performance numbers calculated through 2023-02-14. How are they similar or different? And we immediately ascended, we put Gerry in, and hes made every decision wonderfully ever since. Charlie Munger: Yes, I think that is rising as we sit here. Everyone knows this isnt a small cap Berkshire Hathaway. The daily journal stock sells way above the price I would pay if I was buying new stock. email address below and choose 'Submit'. So, the shareholders have been lucky to have somebody like Gerry here who could learn what he didnt know and fix it. Has there been anything that has surprised you, and what would be your best advice to someone starting a business now? Eli Lilly's press statement said it's slashing prices to make insulin more accessible, and then flipped the onus onto . What do you think the long-term consequences will be? Charlie Munger: No, I would say that of course, theres some new material in misjudgment. But theres no rule that life has to be easy on the mental side. Daily Journal Corp's largest holding is Bank of America Corp. (North Carolina National Bank) with shares held of 2,300,000. Munger became Chairman (because he was an attorney). He lived in a particular town. Thats the reason he rose so fast in life. 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 . Question: Of the various types of moats and competitive advantages, which types do you think will be most important in the years ahead, and what combinations of competitive advantages can you imagine will create any new types of moats? 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. The company operates in two segments: Traditional business and Journal Technologies. $174 million and $174 million respectively. About the awards. It was totally required. On the other hand, as you say, I didnt get rich by buying stocks at high price-earnings multiples in the midst of crazy speculative booms. Just think of the things that were once prosperous that are now in failure or gone. When you respond to software by the RFP process, its a very difficult, demanding business and its less profitable and less sure than what Microsoft does. I think all of this activity is regrettable. I just see more and more of the rich people leaving. Question: Last February, you spoke about the wretched excess in the financial system. Im not trying to move mountains. PROXY STATEMENT. And I dont think that we or the Daily Journal is getting ahead because weve got some wonderful macroeconomic insight. I dont think well change on that. Copy and paste multiple symbols separated by spaces. One thing I can promise is that I wont contribute much to it because I dont understand it.

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