daily journal corporation investor relations

Youve even said business schools that dont adopt this method are doing their students a disservice. And interested and up to speed and didnt have to take a lot of time to get background information to make his comments. Just time after time he would do something like that. The disruption from the decline in newspapers has had a significant impact. And thats the way we handled Gerry. Charlie Munger: Theres one thing that were quite passionate about and that is serving the customers who have trusted us. I think the world is gonna be quite different. Daily Journal Corp. And they dont do that very wellIm talking about the business schools. If you stop to think about it, business success long term is a lot like biology. The jurisdiction for this foreign stock company is SOUTH CaliforniaROLINA. Some people think that value investing is you chase companies that have a lot of cash and theyre in a lousy business or something. All except for the legal advertising system which we had to build because nobody else has the volume that we have. On the payment ecosystem and its history, distributional strategies, the competitive positions of modern players like Stripe, Square, and Adyen, how Adyen is different from the two others, unified commerce, and a brief on the stock price. Question: Youve spent much of your life contributing your wisdom to schools and hospitals. 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. And if youre selling them gambling services where you make profits off of the top, like many of these new brokers who specialize in luring the amateurs in, I think its a dirty way to make money. How can you not? Were not enlarging it. But its hard for anybody. Were all pretty forgiving of ourselves too which is probably a good thing. The Daily Journal Corporation has been publicly traded since 1987 on the NASDAQ under DJCO. Copyright 2023 Surperformance. So, no I dont think its the responsibility of management to assure where the stock sells. Charles T. Munger, who is also vice chairman of Berkshire Hathaway, is the former chairman and a current director.. Publishing business. One of my smartest friends in venture capital is constantly getting huge clumps of stocks at nosebleed prices. So far the evidence would be that maybe the monetary modern monetary theory is right. Investor Relations Daily Journal Corp DJCO Valuation Morningstar Rating | Rating as of Jan 26, 2023 Quote Chart Stock Analysis News Price vs Fair Value . 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? And its a shame that the economics textbooks dont emphasize how much a growing economy needs poverty in order to get out of poverty. 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. And, of course, its all worked. The first rule of a happy life is low expectations. Is it Bitcoin, decentralized finance, or something else? But the Chinese have proved that you dont need free speech to have a wonderful economy. I think the oil and gas industry will be here for a long, long time. Question: It seems like everyoneincluding actors, athletes, singers, and politiciansis getting into the business of promoting their own SPAC. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. But Henry was a genius. I learned those tendencies well enough to synthesize it with the rest of knowledge. Its just not gonna work. Their last reported 13F filing for Q4 2022 included $174,434,000 in managed 13F securities 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%. If you try and reduce the poverty too much, its counterproductive. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Question: You and Warren have been adept at quickly sizing people up, particularly business leaders and potential business partners. 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. 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 And I think thats what shareholders do. 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. Corporate governance. If the seas were to rise 60 feet, which could happen in another 100 years or so, wed have to build enormous barriers to sea entry. As we can see from the deteriorating U.S. relationship with China, the Western world does not understand China. 2/24/23. How are they similar or different? -, 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. To the extent that my thoughts have helped my life, I think Ive pretty well run the course. I recommend that other people follow my example. He absolutely took over a malarial swamp and turned it into modern Singaporein his own lifetime. Charlie Munger: Well, I do have a tip. I would imagine that applies to the broad market too. I wouldnt change my life all that well. Whalewisdom has at least 38 13F filings, and 33 Form 4 filings. We are subject to the orders and directions of those counties which, before, really didnt impact anything. Question: Mr. Munger recently raised the alarm about the level of money printing taking place. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. Question: What are Mr. Mungers thoughts on the recent GameStop short squeeze by social media and the resulting implications on short selling in the future? What happens is that every human being tends to believe way more than he should in what hes worked hard to find out or where hes announced publicly that he already believes. I think that to some extent the complaint about the rich getting richer as a result of the COVID panic is a misplaced concern. Everything you see is profit. Because value investingthe way I conceive itis always wanting to get more value than you pay for when you buy a stock. Can you speak to the causes, the trend, and make some predictions? Its business model offers investors leverage to commodity prices and exploration upside but with a much lower risk profile than a traditional mining company. Daily Journal Corp is an investment fund managing more than $174 million ran by Tu To. Bitcoin at 50,000 or Teslas fully diluted enterprise value of 1 trillion. But, but by and large, most of the knowledge has been available for a long time. When it gets difficult, I dont think theres any automatic fix for difficulty. 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. With no analysts or investor relations department, few understand the transformation that has occurred. The high margin, profitable and rapidly growing digital first financial news and research business will be operated by Dow Jones, a News Corp subsidiary. And so I dont think its necessarily crazy that good companies sell at way higher multiples than they used to. He didnt know one damn thing about the Daily Journal when we made him head of it. Charlie Munger: Well, I certainly hope that they succeed mightily in their software endeavor to automate all these courts for the modern world. Thats what weve been doing throughout my whole lifetime. Practically everybody does that. They have created a strong culture of fanaticism about cost, quality, efficiency, and honor. 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. Thats what the communists are doing. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Thats the nature of capitalism. 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. Because if you do that, Im a moral leper. 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. The stock appreciated probably way more than intrinsic value. You used examples of Lee Kuan Yews good judgment in choosing someone with brains over certain physical attributes in your past interview. Asian Investing Summit We hope theyll continue doing magnificently well. Market Holidays Daily Analyst Ratings Daily Insider Trading. Similar Job Titles: Just think of the things that were once prosperous that are now in failure or gone. So you now know what I do in charitable institutions. Published since 1917, the Daily Commerce is based in Los Angeles and covers news of general interest, columns of interest to real estate investors and brokers, and information on distressed properties in Los Angeles County. Question: What books are you currently reading and what can you reccomend? 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. I knew a man once, Henry Singleton, who was not a chess champion. 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. Charlie Munger: Well, generally speaking, I dont try and compete with Sequoia. All-Time Favorites Question: How important is the analysis of company culture in the investment process? And when the evidence came in that the system wasnt working very well because some of the employees were cheating some of the customers, they came down hard on the customers instead of changing the system. 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. It seems to involve a lot of your standard causes of human misjudgment. 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. Question: Has your opinion on cryptocurrencies remained the same? Question: Does management, in your opinion, have a moral responsibility to have their shares trade as close to fair value as possible? 915 E. 1st Street. 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. 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. And since we are on the subject of selling potentially overvalued security, could you provide your systems for selling securities? The bad news is its not clear whos gonna win all the business or how much money is going to be made. Its like evolution in biology. All rights reserved. He had excellent judgment. That doesnt happen. And I think wise people should just stay out of them. Everybody has shortcuts to screen out certain hazards. Any tips for someone who wants to work on and improve their ability to hold two opposing views at the same time? Daily Journal Corps portfolio is diversified across 3 sectors. You can imagine its in a wonderful position and that excited the people in China which has its share of crazy speculators. He said it was the pursuit of the uneatable by the unspeakable. Im pretty easy on myself these days. In recent years, The Manual of Ideas has expanded to become more than simply the very best investing newsletter on the planet (Mohnish Pabrai). Subscribe Columns Labor/Employment Viking River PAGA ruling has no clear destination for employers Mar. He was very courageous and generous in helping everybody around him all his life. and a top 10 holdings concentration of 100.0%. 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. And we immediately ascended, we put Gerry in, and hes made every decision wonderfully ever since. Charlie Munger: Im a great admirer of Jeff Bezos whom I consider one of the smartest businessmen who ever lived. But, a very wise man said on an earlier occasion: The trouble with banking is that we have more banks than we have bankers. Description Daily Journal Corp. Daily Journal Corp. engages in the publication of newspapers and websites covering California and Arizona. Contact. No, I dont think I have anything to contribute. We are in fact being a more difficult type of software business than Microsoft. So he married her. February 12, 2020 . Governance. Question: Which do you think is crazier? Question: You often advocate for learning from other peoples big calamities and stupidities. 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. Members of MOI Global enjoy complimentary access to a growing array of resources and content related to the art of intelligent investing. the total portfolio value. In the past few years, equity prices have increased significantly and cash has arguably become riskier due to central banking policy. Touch device users, explore by touch or with swipe gestures. By the way, the Harvard Business School, when it started out way early, they started out with a history of the business. She created a business with like 500 depression dollars that became a huge business. 2022 Junto Investments, all rights reserved. Charlie Munger: I think Warren and I are better at buying mature industries than we are at backing startups like Sequoia. 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. My guess is we have suffered some editorial quality. [1]: Webcast. The total portfolio value may be much higher due to cash That is true and makes sense. It was an accident. Generally speaking, people assume that were a normal software company like Microsoft or something. So, I dont think Bitcoin is going to end up as the medium of exchange for the world. Part of the reason for that was cultural. 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). The majority of revenue is generated from Traditional business segment. And by the way, I think its hard to teach. What I see in China now just staggers me. Im not saying I wanted to live in China. SEC Form 13F Filing History. Question: You identified the opportunity in electrification and invested in BYD. Questions: Why are some people incapable of learning new ideas and behaviors? -, 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, Secretary & Executive Vice President-Publications, Daily Journal, long overseen by Charlie Munger, halves stake in China's Alibaba. I think people have the theory that any intelligent hardworking person can get to be a great investor. If you go to a little country like Estonia, the whole damn country is on the internet and its a very good idea. Charlie Munger: Well, heres what I meant. You know what her mottoes were? And I think the world would be better off without them. In 1978, the year Deng Xiaoping took over, it was 300. We dont have any other secrets, do we Jerry? 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. Delayed Nasdaq As a matter of fact, what happens is to make a nation rich, you need a free market system. I predict that if they do that, a lot of people will leave Washington. Charlie Munger at the 2021 Daily Journal annual meeting spoke once again at great length. 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. This is a highly desirable thing. Sign-up Of course, people behave more sensibly when theyre spending their own money. Thats been greatly curtailed. 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. USD. Have you met Lee Kuan Yew in person? When I was young, I rezoned some properties very successfully. I think I would have lived a long time if I had lived a different life. 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. Always on point. All the good things. Question: How do you control your investments in a world where reasonable companies with a good image like General Electric sink rapidly into the bottomland of the stock market. Do you agree that there is a close parallel to the late 90s and that this, therefore, must end badly?. Daily Journal Corp's largest holding is Bank of America Corp. (North Carolina National Bank) with shares held of 2,300,000. I think theyre a bad investment when interest rates are this low. 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. But, of course, you should start out by studying the history of capitalism, how it worked, and why before you start studying business. And they dont just keep everlastingly at it the way he did. [The questioner] would like to know what Charlies method of learning is. Members enjoy a steady stream of exclusive wisdom and insights from the leading minds in the field of investment management. Many, but not all SEC filings are available in the SEC's EDGAR database. Quickly find out what the most recently closed or increased positions are. Member of equity research team highly ranked by Institutional Investor and The Wall Street Journal. the MV of securities sold, whichever is less, Its hard to run a bank intelligently. Copy and paste multiple symbols separated by spaces. The IR Magazine Awards - US 2023 will take place on Thursday, March 30 in New York. If you dont spend the money, you and your heirs get to spend it eventually. Copyright by BeyondProxy. What little newspaper company has come through the crisis of this destroying of all the newspapers better than the little Daily Journal? Chinas economic record among the big nations is the best that ever existed in the history of the world. His method for doing it was so simple. Never before in the history of mankind have we seen such a rapid eradication of poverty, pulling approximately 800 million people out of destitution. Industry Insights Summit He was a one party system but he could always be removed by the electorate. And it has saved Los Angeles a fortune because gas is so much cheaper than gasoline. All we can promise is that were gonna try and so far as I can tell, were doing pretty well. Occasionally, some damned fool will suggest something that violates the laws of physics and I always turn off my mind the minute I realize the poor bastard doesnt know any physics. The decision was. 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. Thats interestingwho in the hell is voting against the accountants? Gerald Salzman: None. Download 13F Summary This information can be used by investors to verify and understand the financial position of the company. The fund focuses on investments in the United States as 50.0% of the portfolio companies are based in the United States. I expect less out of bankers than he does. People really trust Costco will be delivering enormous value. The board includes high-profile names such as Rick Guerin, Peter Kaufman, and Charlie Munger. These symbols will be available throughout the site during your session. 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). The average market cap of the portfolio companies is close to $220 billion. And if its unfixable, learn to live without it. Charlie Munger: Well, I hope we dont have fewer truck stocks because Berkshire Hathaway is deeply involved in truck stops. 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 . Wheaton is the world's premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets. I came to law school having learned the method of learning and nothing has served me better in my long life than continuous learning. [2]: And weve had marvelous people here to help us do it through very difficult times and one of them is Gerry Salzman. Im way more comfortable owning two or three stocks which I think I know something about and where I think I have an advantage. The Corporation will host a fourth quar. And, of course, its going to create trouble as it did. That way, whatever happens, he feels smart. So, I think for some folks, early-stage investing is best, and for other folks, what Ive done in my life is best. Performance numbers calculated through 2023-02-14. A rich civilization can afford to do it if we absolutely have to. 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. Member Feedback 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. 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