daily journal corporation investor relations

The largest investments include Bank Of America and Wells Fargo & Co, together worth $142 million. Question: Do you believe the market is going through a long-term value slump similar to 1999, or do you believe technology has caused a permanent change in how companies should be valued? We are very excited to look forward to enabling the courts to function as we know that they want to and will in the future. What little newspaper company has come through the crisis of this destroying of all the newspapers better than the little Daily Journal? Think of all the monopoly newspapers that used to be, in effect, part of the government of the United States. All rights reserved. I think any intelligent person can get to be pretty good as an investor and avoid certain obvious traps. So, its a serious problem. Daily Journal Corp's largest holding is Bank of America Corp. (North Carolina National Bank) with shares held of 2,300,000. He had a long and wonderful run. And even if you have a natural gift, you cant be good at it unless you start playing at a very young age and get huge experience. And it has saved Los Angeles a fortune because gas is so much cheaper than gasoline. Absolute insanity. Question: It seems likely that the current Fed policy of keeping interest rates near zero will only exacerbate the income disparity in this country by benefiting those who own the financial assets. Charlie Munger: Well, I certainly hope that they succeed mightily in their software endeavor to automate all these courts for the modern world. Gerry, dont you think were doing pretty well? First Merchants Corporation to Report Fourth Quarter 2022 Financial Results, Host Conference Call and Webcast. Daily Journal Corp closed its position in Posco Adr on 5th January 2023. We have offices in all the major cities in California and also in Logan, Utah. Ive been around for a long time and my policy has always been to just write them out. Culture is very important. 2022 Junto Investments, all rights reserved. Information Agent. The mantra he said over and over again is very simple. Titan International, Inc. - Investor - Contact Questions: Many major businesses and high net worth individuals have been leaving California. daily journal corporation investor relations | Tulipnos ltalnos Iskola I do think that a properly run bank is a great contributor to civilization and that the central banks of the world like controlling their own banking system and their own money supplies. What are his thoughts on modern monetary theory? How concerned is he about Chinese government interference as seen recently with Ant Financial, Alibaba, and Mr. Jack Ma. Give me a new question. Of course, people behave more sensibly when theyre spending their own money. Its just not gonna work. Thats interestingwho in the hell is voting against the accountants? And weve had marvelous people here to help us do it through very difficult times and one of them is Gerry Salzman. We take the situation as it is and try to solve it. 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 Corporation (DJCO) company profile & facts - Yahoo! It just created the most unholy mess. But everybody cant be better than everybody else. In 2010, that was down to 165 full-time employees and 15 part-time employees. Rose Blumpkin had quite an effect on the Berkshire culture. Last year it quintupled. I regard this as insanity. The fund focuses on investments in the United States as The base salary for Investor Relations Manager in companies like DAILY JOURNAL CORP range from $117,251 to $165,504 with the average base salary of $145,822. People really trust Costco will be delivering enormous value. They do way more good than harm. That recognized reality and worked way better than what other people were doing. Their last reported 13F filing for Q4 2022 included $174,434,000 in managed 13F securities and a top 10 holdings concentration of 100.0%. Im afraid thats the way we all have to leave our swords. LEARN MORE. What do you look for in a leader? And, as Gerry has just said to me just after breakfast, you wouldnt want to invest in a parking lot by a courthouse for the future because an awful lot of the court proceedings are going to go to the internet. Charlie Munger: Well, I dont think its required that we be exactly the same on everything. Its like evolution in biology. Seneca Foods' (NASDAQ:SENE.A) investors will be pleased with their notable 70% return over the last three years 10/18/2022 3:57 PM. So its a very theoretical discussion. You can imagine its in a wonderful position and that excited the people in China which has its share of crazy speculators. #CharlieMunger #DailyJournalAnnualMeeting #BerkshireHathaway Yahoo Finance is the exclusive live stream platform for the fully virtual Daily Journal ($DJCO) Annual Meeting with Chairman Charlie. And I think the world would be better off without them. Create your Watchlist to save your favorite quotes on Nasdaq.com. Value Investing will never go out of style. And he was just so good. 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). Question: Does management, in your opinion, have a moral responsibility to have their shares trade as close to fair value as possible? Question: Your advice given on choosing a good spouse in Poor Charlies Almanac is terse. You once said to study the life and work of Lee Kuan Yew. It also serves as a newspaper representative specializing in public notice advertising. I think people have the theory that any intelligent hardworking person can get to be a great investor. Youve reached the limit of my circle of competence. 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? What could investors do to cope better with periodical frenzy? And, I think Jack Ma was very arrogant to be telling the Chinese government how dumb they were, how stupid their policies were, and so forth. Remember the Dot Com boom when every little building in Silicon Valley ran into a huge price and a few months later about a third of them were vacant. And, of course, thats a very dangerous way to invest. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. If you go to a little country like Estonia, the whole damn country is on the internet and its a very good idea. Question: Youve spent much of your life contributing your wisdom to schools and hospitals. Get the latest articles and insights directly to your email inbox. But, I find that the old ways of doing things still work. Daily Journal Corporation Company Profile | Los Angeles, CA Charlie Munger: Well, he was one of my closest friends for many decades. But he could play chess blindfolded at just below the Grandmaster level. -, 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. They really need the world to stay the way it is. But its hard for anybody. Never before in the history of mankind have we seen such a rapid eradication of poverty, pulling approximately 800 million people out of destitution. Iovance Biotherapeutics Reports Fourth Quarter and Full Year 2022 DJCO Stock Price & Charts | Daily Journal Question: What would management [of Daily Journal] do with a sudden windfall of profits? Would you share a few stories about him and your fondest memory? We were trying to save the whole economy under terrible conditions. But he knew how to learn what he didnt know. Question: Has your opinion on cryptocurrencies remained the same? Charlie Munger: Well, we dont really know where its all going. Question: Last year, almost every ecommerce, internet, and internet adjacent stock was up 100 plus percent. +2.68%. Currently, their heaviest sector is Finance making up 81.3% of the total portfolio value. These positions were updated on January 5th based on the funds latest 13F filing. Who gets rich faster by class is going to vary over time and I dont think anybody should be too concerned by it. With that one exception, Ive stayed out of Sequoias business because theyre so much better at it than I would be and I dont know how to do it the way they do it. The directors are Gerry Salzman, Peter Kaufman, Mary Conlin, Gary Wilcoxwhos retiring nowand myself. For example, Coca-Cola in the past. Delayed Nasdaq I dont think we have any great gift at making macroeconomic predictions. In other words, when we shout our knowledge out, were really pounding it out. Thats one you can easily arrange. I came to law school having learned the method of learning and nothing has served me better in my long life than continuous learning. And he was a great kidder. Im just learning as I go along. Those are pretty good rules and theyre pretty simple. Question: Why is Berkshire Hathaway selling shares of Wells Fargo as quickly as one can and the Daily Journal has sold one share? I prefer the United States. 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. The most important decision in life to benefit those who are single, perhaps including some of your grandchildren and great-grandchildren. 2022. I think theyre probably right, by the way. The meeting was held on February 24, 2021. SEC Form 13F Filing History. If you take the last 100 years, 1922 to 2022, most of modernity came in in that 100 years. I knew a man once, Henry Singleton, who was not a chess champion. BYD stock did nothing for the first five years we held it. Question: Mr. Munger recently raised the alarm about the level of money printing taking place. But, I hardly think the editorial quality could go way up when employees were going down. [As for] marketable securities, we prefer owning common stocks to holding cash under current conditions and its kind of an accident that we have so much in marketable securities. Corporate Governance Daily Journal Corporation's ISS Governance QualityScore as of February. Daily Journal Corp is based out of Los Angeles. And, of course, when things get extreme you have things like that short squeeze. 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. All the good things. 1/9/23. DAILY JOURNAL CORP Investor Relations Director Salary | Salary.com I think that to some extent the complaint about the rich getting richer as a result of the COVID panic is a misplaced concern. 1, 2023 By Tal Burnovski Yeyni A California court of appeal held it was not bound by SCOTUS' ruling. Its hard to run a bank intelligently. While historically a legal newspaper publishing company, today DJCO operates a SaaS business model providing case management software to courts and government agencies around the U.S. and the world. Transfer Agent | Shareholder Services | Investor Relations | Norfolk He was that smart. Question: Do you believe the valuations for electric car manufacturers are in bubble territory? But you know, most people dont do that. Is there anything that you wish you had added to your checklist sooner? 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). Thats been greatly curtailed. It sold the previously owned 9,745 shares for $357 thousand. So, to some extent, everybody buying medical services in Singapore is paying for it themselves. Do you agree with the premise and if so how would you address inequality? When you look at whats happened in California [in terms of] the price of real estate and rentals, weve reduced the number of offices we have both for Journal Technology and for the Daily Journal. The stock has gained so much this year and last year. We do, as Charlie indicates, have a lot of travel. This information can be used by investors to verify and understand the financial position of the company. Question: Which do you think is crazier? Bitcoin reminds me of what Oscar Wilde said about fox hunting. Question: In 1999, the year the Daily Journal bought Sustain Technologies, the traditional business employed 355 full-time employees and 61 part-time employees. If you have unrealistic expectations, youre going to be miserable all your life. Solved Auditor Changes at Daily Journal Corporation Charlie - Chegg Considering their system, that is not what he should have been doing. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Is it digital wallets like PayPal, Square, or Apple Pay? Subscribe to WhaleWisdom to view all filing data LEARN MORE. And there arent many people that can do that. Charlie Munger: 2021 Daily Journal Annual Meeting Transcript. 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. The meeting will come to order. That thing circulates. Who is MOI Global? Any tips for someone who wants to work on and improve their ability to hold two opposing views at the same time? On the other hand, the buses in Los Angeles work on natural gas. You fix what you can fit, and what you cant fix, you endure. Charlie Munger: Theres one thing that were quite passionate about and that is serving the customers who have trusted us. If I had stayed in Omaha, where I was raised, and gotten into the banking business, I would have been a hell of a good banker. Rich Eisinger, Great content, great people. What I think is interesting about chess is, to some extent, you cant learn it unless you have a certain natural gift. A lot of things are going to change. Question: The highly configurable JTI product may help e-suites integrate deeply into new jurisdictions as agencies and citizens become familiar with the courthouse software. Charlie Munger: Well, the one charitable institution where I have had some influence for a very long time has a whole bunch of hotshot financiers in every branch of wealth management there is on the board. He was a very smart man and he had a lot of good ideas. Theres hardly anything he touched he didnt improve. CFO & Investor Relations Contact: 398.5k: N/A: 1962: Ms. Maryjoe Rodriguez: Pres: N/A: N/A: 1984: Ms. Michelle Stephens: Exec. 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. Charlie Munger: Well, I cant top Lee Kuan Yews example. BYD sells at nearly 200 P/E. And, of course, its regrettable. And, of course, he hated costs. Or, is it impossible to realize a deterioration quickly enough to exit without a loss? Question: Last February, you spoke about the wretched excess in the financial system. Best Ideas Omaha You used examples of Lee Kuan Yews good judgment in choosing someone with brains over certain physical attributes in your past interview. So I think what China has done was probably right for China and that we shouldnt be so pompous as to be telling the Chinese they ought to behave like us because we like ourselves and our system. Subscribe Columns Labor/Employment Viking River PAGA ruling has no clear destination for employers Mar. We made the rich richer, not as a deliberate choice, but because it was an accidental byproduct of trying to save the whole civilization. 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? A lot of the old moats are going away, and, of course, people are creating new moats all the time. Once again, the wit and wisdom of Charlie Munger was on full display at the deceptively youthful age of 97! He loved to kid people. I would be curious to know how you started your interest in Singapore and Lee Kuan Yew. Its chairman is Steven Myhill-Jones. Question: Given all of your donations to physics, what is your favorite way of applying physics to societys problems and also to investing? Until his recent step-down as chairman of the board in April, the marketable. to see more advanced email alert options such as selecting any type of Would you mind elaborating on how a professor or individual should go about building a curriculum around this approach? Daily Journal Corp 13F annual report (2023) | wallmine Question: What do you hope the future of the Daily Journal Corporation looks like in a decade? Tilly's, Inc. Los Angeles, California 90012 . Alt Turnover is calculated by taking either the total MV of new purchases or 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. Question: We have a couple of questions about J.P. Rick Guerin. All rights reserved. I think were into a lot less travel and a lot more Zooming. And what he does is he sells about half of them always. PROXY STATEMENT. Charlie Munger: Its a huge field in which we have a very interesting toehold with the strongest toeholds in Australia and California. Question: Charlie, you are known as an advocate for learning from ones mistakes. 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. Youre right. 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. Without the method of learning, youre like a one-legged man in an ass-kicking contest. Im not going to change. So, the people part has changed quite considerably being a small company. Question: With all the work from home with Zoom and other technology, what do you think the future of commercial real estate looks like? Part of the reason for that was cultural. for DAILY JOURNAL CORP, Top 20 equal-weighted holdings. 915 East First Street. On December 18, 2020the record datethere were 1,380,746 shares of common stock of the company outstanding. The fund focuses on investments in the United States as 50.0% of the portfolio companies are based in the United States. 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. I dont think Gerry is surprised that the people doing the workMaryjo and Dannyare doing well. Question: If you had a chance to make an addition or revision to Poor Charlies Almanac, what would that be? Nobody should believe that Robinhoods trades are free. It showsed how wise we were to put him there in the first place. On the other hand, it could be handled. I expect that and I welcome it. The hydrocarbons are also needed as chemical feedstocks. Copyright 2023 Surperformance. You know, its just, its incredible whats happened in terms of the destruction. Charlie Munger: Well, Lee Kuan Yew had the best record as a nation builder. Munger and Salzman will take shareholder questions from CNBCs Becky Quick.Don't Miss: Valley of Hype: The Culture That Built Elizabeth HolmesWATCH HERE:https://youtu.be/Sb179GLPNYEWatch the 2021 Berkshire Hathaway Annual Shareholders Meeting on YouTube:https://youtu.be/gx-OzwHpM9kSubscribe to Yahoo Finance: https://yhoo.it/2fGu5BbAbout Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. And if you believe Jeff Bezos is one of the best businessmen you have ever known, would you consider investing early in any of the new projects he will inevitably focus his attention on now that he will not have to be as concerned about the day to day responsibilities of Amazon? And its rather interesting. He said it was the pursuit of the uneatable by the unspeakable. My guess is we have suffered some editorial quality. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. Its too volatile to serve well as a medium of exchange. So, I dont think Bitcoin is going to end up as the medium of exchange for the world. Thats what the communists are doing. Everybody is. But, of course, its a very difficult field. Charlie Munger: Well, thats a very good question. BILLERICA, Mass., (BUSINESS WIRE) -- Bruker Corporation (Nasdaq: BRKR) announced today that Gerald Herman, Executive Vice President & CFO will present on. And my advice would be if you have a fixable disadvantage, remove it. Announces Participation in 2023 ROTH Conference and 2023 UBS Global Consumer and Retail Conference. In 1978, the year Deng Xiaoping took over, it was 300. And he said; I cant decide the order of presidency between a flee and a louse. Charlie Munger: Full Transcript of the 2021 Daily Journal Meeting - Junto What were the lessons learned? And his conclusion is that mankind should just step up to it and do it. Latticework New York I call it deworsificationwhich I copied from somebody. Request Information And, I was not surprised when it blew up. Charlie Munger: Robinhood trades are not free. Charlie Munger: Ben Franklin was one of the wisest men who ever lived. And I think both of us have done the same thing; we just suck it in and cope. #CharlieMunger #DailyJournalAnnualMeeting #BerkshireHathawayYahoo Finance is the exclusive live stream platform for the fully virtual Daily Journal ($DJCO) Annual Meeting with Chairman Charlie Munger.The meeting features Daily Journal Chairman and Berkshire Hathaway Vice Chairman Charlie Munger and DJCO President and CEO Jerry Salzman. News Releases | Investor Relations | Tillys I predict that if they do that, a lot of people will leave Washington. Imagine a bunch of Chinese communists turning a whole lot of Chinese and the billionaires in a big hurry. And I dont think youll find me engaged in the massive rezonings in the future. Thats true whether youre Benjamin Franklin or Joe klutz. Do it right the first time. daily journal corporation investor relations If a civilization can progress only when it invents the method of invention, you can only progress when you learn the method of learning. Charlie Munger at the 2021 Daily Journal annual meeting spoke once again at great length. Latticework Podcast Tom Gayner, Adds value to my research process. One of my smartest friends in venture capital is constantly getting huge clumps of stocks at nosebleed prices. Question: It is estimated that the Gates Foundation has saved well over 100 million lives. If you were offered a fresh start today, what would you do differently in life and in investing? And there was one woman who was a year older than he was who was the first-ranked student in the school. Question: Do you believe global warming is an existential threat to humankind? Matthew Peterson is the Managing Partner of Peterson Capital Management, LLC. Charlie Munger: Well, of course, the places downsized. So, I dont mind a little inequality and what I notice is that the rich families generally lose their power and wealthand pretty fast. Of course, its hard to negotiate in such a field. But, no, I dont think Treasury securities are a big problem. I think that would be insanity. How did Eugene achieve incredibly low loan losses over the long term while so many other bankers have failed miserably? Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of . The member publications, including The Manual of Ideas, have won acclaim for their depth, originality, and breadth of perspectives. That is true and makes sense. They are joining the modern world very rapidly and theyre getting very skillful at operating. 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.

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