Youre right. Question: Last February, you spoke about the wretched excess in the financial system.
New Investor Information - Cel Sci Charlie Munger: 2021 Daily Journal Annual Meeting Transcript. No one knows for sure just how much government intervention is wise and at what point the government should stop intervening. It sold the previously owned 9,745 shares for $357 thousand. Always intelligent. I think the Chinese have behaved very shrewdly in managing their economy and theyve gotten better results than we have in managing our economy. View the latest DJCO financial statements, income statements and financial ratios. I think were into a lot less travel and a lot more Zooming. Always tell the truth and never lie to anybody about anything. And by the way, I think its hard to teach. The Knowledge Moat: Keeping Competitors Out Through Ability, Constellation Software: Incentive Systems and Return Constraints. 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. A passionate, seasoned, internal Investor Relations strategist, executioner, demand-builder and teammate proactively taking a Company's story to Wall Street -- one ticker at a time | Learn more . 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 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 he made a very favorable impression.
Daily Journal: Transformation Yet to Be Fully Understood Through invitation-only events and member publications, MOI Global fosters a community of intelligent investors united by a passion for lifelong learning. Members enjoy a steady stream of exclusive wisdom and insights from the leading minds in the field of investment management. I think its just to some extent you either have it or you dont. Charlie Munger: I dont know how permanent its going to be but it certainly caused a change. All rights reserved. Thats true whether youre Benjamin Franklin or Joe klutz. Im not saying I wanted to live in China. Charlie Munger: Well, he was one of my closest friends for many decades. A lot of the old moats are going away, and, of course, people are creating new moats all the time. They lose their money fast enough. Gerry, you have a comment on that? Investor Relations & Corporate Communications 650-260-7120 ext. Theyre just very simple. But I do think politics is getting more full of hatred and irrationality than it used to be in America and I dont think thats good. But the accountants are duly elected. SEC form, multiple filers or classes of filers, and much more.***. The meeting was held on February 24, 2021. But I dont think thats going to end up with a mistake. DAILY JOURNAL CORPORATION was incorporated on 13 Apr 1987 as FOREIGN STOCK company type registered at 915 EAST FIRST STREET LOS ANGELES CA 90012. We do, as Charlie indicates, have a lot of travel. 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. Advisory, processing and support for complex transactions, including M&As, IPOs and stock splits. This is cheap compared to Tesla currently valued at over 1100 times P/E and 24 times sales.
Moody's Corporation to Present at Investor Conferences These are very difficult questions and most people assume that its simple. I think the oil and gas industry will be here for a long, long time. I regard this as insanity. Titan International, Inc. c/o Investor Relations 1525 Kautz Road, Suite 600 West Chicago, IL 60185 investor.relations@titan-intl.com Board Contact Information Written correspondence for any member of Titan's Board of Directors may be sent to their attention: Titan International, Inc. c/o Corporate Secretary 2701 Spruce Street Quincy, IL 62301
Election | | daily-journal.com 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. Question: Given all of your donations to physics, what is your favorite way of applying physics to societys problems and also to investing? On the other hand, it could be handled. I wouldnt change my life all that well. #CharlieMunger #DailyJournalAnnualMeeting #BerkshireHathaway Yahoo Finance is the exclusive live stream platform for the fully virtual Daily Journal ($DJCO) Annual Meeting with Chairman Charlie. How can you not? But show me a psychology department that knows how to do that. Charlie Munger: Well, it certainly does and thats the kind of thing that can happen when you get a whole lot of people who are using liquid stock markets to gamble the way they would betting on horses. Many, but not all SEC filings are available in the SECs EDGAR database. The daily journal stock sells way above the price I would pay if I was buying new stock. But, of course, you should start out by studying the history of capitalism, how it worked, and why before you start studying business. The MOI Global Editorial Team, led by John Mihaljevic, CFA, includes community builders, event organizers, writers, editors, research associates, security analysts, and fanatical member support advocates. [1]: And I think, by and large, we made the most practical decisions that were available to us. And yet he made a lot of mistakes in the course of living his life. Latticework Podcast -, 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. The decision was. Charlie Munger: Well, the business around here that has the most promise is our software business automating the courts. On the other hand, we have a fair amount of time to do it. or to simply have an email sent to you whenever we receive a new
News Corp Announces Acquisition of Investor's Business Daily Charlie Munger: Well, I think all stocks can fluctuate. Hell be able to do it.
DJCO | Daily Journal Corp. Financial Statements - WSJ 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. All rights reserved. Costco I do think has one thing that Amazon does not. Its just that the investment banking profession will sell shit as long as shit can be sold. Its chairman is Steven Myhill-Jones. How are they similar or different? 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. 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. Its difficult to break into the legal advertising system which supports so many newspapers, not only in California but elsewhere. However, is there a price too high that the companys future profits simply cannot justify? The first order of business is to reelect the four directors and the votes are as follows: Charles Munger, 679,481, Gerald Salzman, 660,287, Peter Kaufman, 593,336, Mary Conlon, 651,493.
daily journal corporation investor relations What is Investor Relations? Issuer Direct You can imagine its in a wonderful position and that excited the people in China which has its share of crazy speculators. Tilly's, Inc. Charlie Munger: Ladies and gentlemen, wherever you are, via Yahoo finances website. Larry Summers has recently been quoted as being worried that were having too much stimulus. And, I was not surprised when it blew up. DAILY JOURNAL CORPORATION. And they dont just keep everlastingly at it the way he did. There are factories in China that are just absolutely full of robots and are working beautifully. Create your Watchlist to save your favorite quotes on Nasdaq.com. And it was probably wise that we acted exactly as we did. Many of our systems are in the cloud. Im not trying to move mountains. How would they think about current opportunities with low rates and low inflation? A lot of the good rules of life are like that. Thats our system. Classified advertising is down significantly. Gerald Salzman: None. Absolute insanity. On the other hand, the buses in Los Angeles work on natural gas. It says that man is too soon old and too late smart. How do you reconcile the idea of paying 50 or 60 times revenue for a growing but unprofitable business with the more traditional value investing concept of a margin of safety? containing a link to download the .zip file of the CSV file(s) you requested. 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 Can you provide similar insight regarding the future at the Daily Journal and would you consider implementing policies like those at Berkshire so shareholders can get to know the up-and-coming leaders in the organization? He lived in a particular town. I think the bankers of today could learn a lot from Eugene, but little is known of him. I think that to some extent the complaint about the rich getting richer as a result of the COVID panic is a misplaced concern. Licensed software for many ten-year contracts is currently in the multi-year implementation stage. But, of course, if we got a chance to do it again, we would do it better. Question: Eugene Abegg seems like he was one of the best bankers of the last century, achieving both extremely low loan loss rates and earning around 2% on assets over a long time period. But, but by and large, most of the knowledge has been available for a long time. Its not generally noticed by the public but clearinghouses clear all these trades. And, of course, what Im saying is that if I were teaching business I would start the way Harvard Business School did a long time ago. Munger also serves as chairman of Daily Journal Corporation, which publishes 10 newspapers and offers specialized information services and technology-based prod. 2023, Nasdaq, Inc. All Rights Reserved. With no analysts or investor relations department, few understand the transformation that has occurred. So, to some extent, everybody buying medical services in Singapore is paying for it themselves. Sure, we all love the kind of civilization we have. I dont think well change on that. 2022 Junto Investments, all rights reserved. Charlie Munger: Im sure some are, but, by and large, thats not what Warren is known for. Its just that some people look for values in strong companies and some look for values in weak companies. And, what about passive investing? LEARN MORE. You once said to study the life and work of Lee Kuan Yew. And like last year, you will in this note find a full transcript of the entire meeting. The JTI software has been configured for other judicial and justice agencies, including district attorneys, prosecutors, public defenders, probation, etc. 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. Charlie Munger: Well, of course, if a person is a chronic drunk, we avoid him. Whalewisdom has at least 38 13F filings, and 33 Form 4 filings. It seems to involve a lot of your standard causes of human misjudgment. Charlie Munger: Thats too hard in general a question for me. Los Angeles, California 90012 .
When I was young, I rezoned some properties very successfully. The Daily Journal Corporation is an American publishing and technology company with hidden assets and off-balance sheet value. Chuck Royce.
Role of Investor Relations - Corporate Finance Institute As for some of our technology, like eFiling for example, the courts are closed. Has there been anything that has surprised you, and what would be your best advice to someone starting a business now? But I do think having a whole system to sell hydrogen is difficult. And, of course, I think its vastly stupid for any state to be user-friendly to the rich people. Im pretty easy on myself these days. Gerald Salzman: Well, we dont think about mistakes. He cared terribly about not making bad loans or incurring dumb expenses. The Corporation will host a fourth quar. Is it Bitcoin, decentralized finance, or something else? divided by the total MV of the fund. Ive been pretty quiet. The board includes high-profile names such as Rick Guerin, Peter Kaufman, and Charlie Munger. Some people think that value investing is you chase companies that have a lot of cash and theyre in a lousy business or something. And, he was very good company and a splendid gentleman. Members also enjoy preferential access to selected offline events as well as exclusive access to other events hosted by MOI Global, including the Zurich Project Summit, the Latticework Conference, and Ideaweek. All the good things. You dont need to worry about them. I predict that if they do that, a lot of people will leave Washington. Corporate Governance Daily Journal Corporation's ISS Governance QualityScore as of February. But he could play chess blindfolded at just below the Grandmaster level. What do you look for in a leader? I recognized early that Gerry could run anything he wanted to run. MOI Global en Espaol. I dont think its easy for ordinary people to become great investors. We do know one thing and that is that the courts of the whole world are going to be taken into the modern age. But he was 90 years of age. And when the old CEO of the Daily Journal died, Gerry was managing the business affairs of the Munger Tolles law firm. The majority of revenue is generated from Traditional business segment. 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. 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 have a very simple idea on the subject. But we cant. When the pandemic is over, I dont think were going back to just the way things were. Computershare Investor Services 8742 Lucent Boulevard, Suite 225 Highlands Ranch, CO 80129 . Its very difficult to hire reporters in the San Francisco area with all the demands coming from the internet companies wanting to have an editorial product. Investors play a major and vital role in the success and growth of a company. He was a very smart man. And if its unfixable, learn to live without it. Wheaton is the world's premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets. What, for example, would you recommend as course materials? The stock has gained so much this year and last year. 2/13/23. And in biology, what happens is the individuals all die, and eventually, so do all the species. Bitcoin at 50,000 or Teslas fully diluted enterprise value of 1 trillion. God knows it was difficult but I dont think its a mistake. Ive been around for a long time and my policy has always been to just write them out. Daily Journal - Overview, News & Competitors | ZoomInfo.com Daily Journal Corp is based out of Los Angeles. Question: Previously, you have said; It takes character to sit with all that cash and do nothing. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. But, I dont think Ive got a lot to contribute. Charlie Munger: Well, commission-free trading is a very good candidate for that if you want to emphasize disgusting-wise. Question: Mr. Munger recently raised the alarm about the level of money printing taking place. Charlie Munger: Well, I dont think its required that we be exactly the same on everything. We are in fact being a more difficult type of software business than Microsoft. Charlie Munger: Yes, I think it must end badly but I dont know when. Charlie Munger at the 2021 Daily Journal annual meeting spoke once again at great length. 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.
Transfer Agent | Shareholder Services | Investor Relations | Norfolk In Singapore, you get a savings account the day youre born. Charlie Munger: Well, I do have a tip. If you were offered a fresh start today, what would you do differently in life and in investing? The IR Magazine Awards - US 2023 will take place on Thursday, March 30 in New York. Do Not Sell My Personal Information (CA Residents Only). And I think thats what shareholders do. 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? Charlie Munger: Well, heres what I meant. There arent that many people like Lee Kuan Yew that have ever lived. 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. Do it right the first time. In recent years, The Manual of Ideas has expanded to become more than simply the very best investing newsletter on the planet (Mohnish Pabrai). I think all good investing is value investing. 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. Gerry has done magnificently well. Theres a lot of competition and were a very small company compared to our main competitor. And there arent many people that can do that. But he previously worked for Rick Guerin and me in running a little mutual fund that we bought control of. Question: Many believe that inequality accelerated by this pandemic has reached alarming levels that demand drastic solutions such as a wealth tax. Do you think this is a worthwhile policy objective given the effect it has on creating financial excesses and income inequality?
Daily Journal Corporation If you dont spend the money, you and your heirs get to spend it eventually. "While Kimberly was head of Investor relations . As a matter of fact, it will be here for a long, long time if we stop using many hydrocarbons in transportation. Seneca Foods Reports Sales and Earnings for the Three Months Ended July 2, 2022 8/11/2022 4:10 PM. (Disclosure: the author has a position in the Daily Journal Corporation - a reliable sell indicator.) We dont have any other secrets, do we Jerry? Im way more comfortable owning two or three stocks which I think I know something about and where I think I have an advantage. Daily Journal Corp is based out of Los Angeles. Could you share the secret to living a long, healthy, and happy life? And the next time around the poor will get richer faster than the rich. So, of course, I admire him. And I dont know whether hes right or not. I find it much easier to find four or five investments where I have a pretty reasonable chance of being right that theyre way above average. It was a background that helped everybody. Voir plus Voir moins Financial Analyst PaineWebber, Inc - UBS fvr. 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. That was a big error in judgment. Charlie Munger: Well, I dont know how well the economys doing to work in the future. How do I update this listing? Who is MOI Global?
DAILY JOURNAL CORPORATION - Address, Director information Daily Journal Corporation offers legal software and services to US courts and other justice agencies, including browser-based case processing systems (eCourt, eProsecutor, eDefender, and eProbation) and electronic filing and payment tools (eFile, ePayIt). But, of course, I think there will be more automation in transportation of all kinds in the future. So it gets very dangerous. Investment Ideas 2023 Annual Meeting. , 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. 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. What are the psychological implications of this type of market behavior? It showsed how wise we were to put him there in the first place. Investor Letter Excerpts
DJCO - Daily Journal Corp Stock Price Quote - Morningstar When you pay for order flow, youre probably charging your customers more and pretending to be free. But the Chinese have proved that you dont need free speech to have a wonderful economy. There are certain behavioral rules. 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. I was very lucky. Nobody should believe that Robinhoods trades are free.
Also, when you get reverses, if you just suck it in cope, that helps if you dont just fretfully stew yourself into a lot of misery. 306.00. I think people have the theory that any intelligent hardworking person can get to be a great investor.
Charlie Munger Just Doubled Down on Alibaba: Should Investors Follow Of course, people behave more sensibly when theyre spending their own money. 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%. Were beholden to the guidelines of the county of Los Angeles and other counties. Question: Why, almost two years ago, did you believe that Costco was the only U.S. stock worth buying? On balance, we hold in certain of these position when, normally, we wouldnt buy a new position. Daily Journal Corporation : Announces Financial Results for the Three Months ended Decembe.. Daily Journal Corporation Announces Financial Results for the Three Months ended Decemb.. Daily Journal : Management's Discussion and Analysis of Financial Condition and Results of.. Daily Journal Corporation Announces Financial Resultsfor Fiscal Year ended September 3.. Daily Journal Corp : Changes in Registrant's Certifying Accountant, Financial Statements a.. Daily Journal : Fiscal 3Q Earnings Snapshot, Daily Journal : Fiscal 2Q Earnings Snapshot. He was old as I am.
Daily Journal Corporation (DJCO) - Yahoo! The Daily Journal's 'Slow and Awful' Path to LegalTech Success 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. 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 I would have lived a long time if I had lived a different life. In display advertising, for example, we now utilize a very friendly company that worked with us for 25 years and now they are helping us sell advertising. Charlie Munger: I dont think you can make that a moral responsibility. This page shows a list of all the recent 13F filings made by Daily Journal Corp. Form 13F is required to be filed within 45 days of the end of a calendar quarter. Take Gerry. Webcast.
DJCO Stock Price & Charts | Daily Journal Matthew Peterson is the Managing Partner of Peterson Capital Management, LLC. Jen Saunders And would the Daily Journal consider Bitcoin or any other cryptocurrency as an asset on the balance sheet similar to what Tesla recently did?
Daily Journal Corporation - Wikipedia The directors are Gerry Salzman, Peter Kaufman, Mary Conlin, Gary Wilcoxwhos retiring nowand myself. Copy and paste multiple symbols separated by spaces. Furthermore, hed gone through the Great Depression. By the way, thats not the normal outcome in America. 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. Its business model offers investors leverage to commodity prices and exploration upside but with a much lower risk profile than a traditional mining company. And he was a great kidder.
Daily Commerce Daily Journal Corp's largest holding is Bank of America Corp. (North Carolina National Bank) with shares held of 2,300,000. Download 13F Summary Charlie Munger: Its very hard to have a shrinking business. And so, the stock went way up. And I was like Rip Van Winkle; when I tried to come back to it, I found that the world had changed. And my advice would be if you have a fixable disadvantage, remove it. Find the latest Daily Journal Corporation (DJCO) stock quote, history, news and other vital information to help you with your stock trading and investing. Gerry, being a sound thinker, you know, did the very unpleasant work of shrinking it appropriately without bothering me or Rick. I think the world is gonna be quite different. And, I was always aware of that and so Ive accepted these damned annual meetings. Questions: Why are some people incapable of learning new ideas and behaviors? Question: You famously run investments through your mental checklist. And do you and Warren have any tricks or shortcuts to size people up quickly and accurately? And they dont do that very wellIm talking about the business schools. Ive been engaged in recent years in trying to create a better type of student dormitory. And when things get as crazy as they were in the event youre talking about, there are threats of clearinghouse failure. Implementation is expensed as provided, while the long-term recurring high-margin revenue is not yet included on the income statement. Gerald Salzman: Always upbeat, yes. Membership Tour Both Berkshire and Li Lu own BYD Company which you spoke highly of in the past. That turned out to be a wonderful idea and thats one of the reasons we made all this money. He didnt know one damn thing about the Daily Journal when we made him head of it. And, of course, he hated costs. 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. Intellectual Property Or, has the digital revolution caused enormous productivity improvements in those businesses? Never before in the history of mankind have we seen such a rapid eradication of poverty, pulling approximately 800 million people out of destitution.