When the pandemic is over, I dont think were going back to just the way things were. In fact, what a lot of shareholders actually do is crowd in buying stocks on frenzyfrequently on creditbecause they see that theyre going up. Question: With all the work from home with Zoom and other technology, what do you think the future of commercial real estate looks like? Thats a really good rule. Gerry has done magnificently well. Its such a simple idea. And his conclusion is that mankind should just step up to it and do it. Their last reported 13F filing for Q4 2022 included $174,434,000 in managed 13F securities 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. He was old as I am. 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. the MV of securities sold, whichever is less, Gerald Salzman: Charlie refers to the courts, many times. Many, but not all SEC filings are available in the SEC's EDGAR database. LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION. We hope theyll continue doing magnificently well. And its really stupid to have a culture that encourages as much gambling in stocks by people who have the mindset of race track betters. Value investors know Warren Buffett's classic retort to efficient market theory, "The . On the other hand, we have a fair amount of time to do it. Were not enlarging it. They have created a strong culture of fanaticism about cost, quality, efficiency, and honor. Charlie Munger: Well, we dont really know where its all going. Its difficult, but its not impossible investing in bank stocks successfully. Copy and paste multiple symbols separated by spaces. $174 million and $174 million respectively. I do think the present CEO is an extraordinarily able man and the directors made a very wise choice when they put him in charge. How concerned is he about Chinese government interference as seen recently with Ant Financial, Alibaba, and Mr. Jack Ma. Jeffrey Stacey, I enjoy it and others will also. Question: I enjoyed your Caltech interview and wanted you to elaborate and provide more insights on your point of great investors and great chess players. I think the result would have been worse if either party had been in control all by itself for the whole period. He loved to kid people. Asian Investing Summit What do you think the long-term consequences will be? I expect less out of bankers than he does. Always intelligent.
The member publications, including The Manual of Ideas, have won acclaim for their depth, originality, and breadth of perspectives. Member Calendar, MOI Global is a wonderful way to expose yourself to the thoughts of some of the most successful investors and investment methods out there. In recent years, The Manual of Ideas has expanded to become more than simply the very best investing newsletter on the planet (Mohnish Pabrai). And I was like Rip Van Winkle; when I tried to come back to it, I found that the world had changed.
Charlie Munger: 2022 Daily Journal Annual Meeting Transcript - Junto Question: You often advocate for learning from other peoples big calamities and stupidities. And we probably have more of those shortcuts than others. And you mentioned technologythats very, very important. Commission-free trading is not free. 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 was incorporated in 1987 and is based in Los Angeles, California. Would you mind elaborating on how a professor or individual should go about building a curriculum around this approach? But, but by and large, most of the knowledge has been available for a long time.
daily journal corporation investor relations And, of course, I think its vastly stupid for any state to be user-friendly to the rich people. And thats the way Eugene was in his community. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. Charlie Munger: Well, I never owned a share of General Electric because I didnt like the culture. 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). Performance What can you learn from the Barry Duttons bookstore building deal in Brentwood and how would you apply that new knowledge or experience in the future? Delayed Nasdaq 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. Bitcoin reminds me of what Oscar Wilde said about fox hunting. That recognized reality and worked way better than what other people were doing. Charlie Munger: Real estate has always been a difficult field. Daily Journal Corps portfolio is diversified across 3 sectors. And that is why Costco presents some danger to Amazon. Our editorial system and our advertising system are all in the cloud. But, of course, you should start out by studying the history of capitalism, how it worked, and why before you start studying business. Nothing is particularly obvious for everybody to do the same thing. On balance, we hold in certain of these position when, normally, we wouldnt buy a new position. divided by the total MV of the fund. Is it Bitcoin, decentralized finance, or something else?
DAILY JOURNAL CORPORATION - Print Media - 915 E 1st St, Los - Yelp These positions were updated on January 5th based on the funds latest 13F filing. And like last year, you will in this note find a full transcript of the entire meeting. Members enjoy a steady stream of exclusive wisdom and insights from the leading minds in the field of investment management. You have to be concerned about employees lives.
djco20191220_def14a.htm - SEC DJCO Stock Price & Charts | Daily Journal Question: Mr. Munger recently raised the alarm about the level of money printing taking place. 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? Bei der Nutzung unserer Websites und Apps verwenden wir, unsere Websites und Apps fr Sie bereitzustellen, Nutzer zu authentifizieren, Sicherheitsmanahmen anzuwenden und Spam und Missbrauch zu verhindern, und, Ihre Nutzung unserer Websites und Apps zu messen, personalisierte Werbung und Inhalte auf der Grundlage von Interessenprofilen anzuzeigen, die Effektivitt von personalisierten Anzeigen und Inhalten zu messen, sowie, unsere Produkte und Dienstleistungen zu entwickeln und zu verbessern. Question: Why is Berkshire Hathaway selling shares of Wells Fargo as quickly as one can and the Daily Journal has sold one share? He said it was the pursuit of the uneatable by the unspeakable. See our Terms, Privacy Policy, and Disclaimer.
New Investor Information - Cel Sci Investor Letter Excerpts And, of course, its all worked. I tend to avoid the ones which Im not good at and Im not good at a lot of different problems. Alt Turnover is calculated by taking either the total MV of new purchases or Rick was part of the group which consisted of Warren Buffett, Rick Guerin, and Charlie Munger that bought control of Blue Chip Stamps when it was widely distributed in an anti-trust settlement. And when things get as crazy as they were in the event youre talking about, there are threats of clearinghouse failure. Accounting is also in the cloud. Theyre no longer using peasant girls to beat the brains out of our little shoe companies in America. The total number of shares, represented by proxies at this meeting, are 995,682, which are more than enough to constitute a quorum making the meeting duly held. Trending Stocks. Daily Journal Corp's largest holding is Bank of America Corp. (North Carolina National Bank) with shares held of 2,300,000. The stock appreciated probably way more than intrinsic value. 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? Question: Charlie, you have been a long-time admirer of Singapore and Lee Kuan Yew. 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. Its doing a big public service.
Kimberly Stewart - Head of Investor Relations - LinkedIn Kipling once wrote a poem called The Women (The Ladies) and the concluding line was to the effect that you should learn about women from him instead of doing it yourself, because, he says, I know you wont follow my advice. They really need the world to stay the way it is. 2021 Quotemedia. The Daily Journal Corp office and employees reside in Los Angeles, California. But everybody cant be better than everybody else. It also serves as a newspaper representative specializing in public notice advertising. Charlie Munger: Well, these things do happen in a market economy. And thats the way we handled Gerry. When it gets difficult, I dont think theres any automatic fix for difficulty. So its a very theoretical discussion. Daily Journal Corporation has 1 stars. Ellen Ireland will be inspector of elections. Larry Summers has recently been quoted as being worried that were having too much stimulus. You get crazy booms. 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? As a matter of fact, what happens is to make a nation rich, you need a free market system. Question: Youve spent much of your life contributing your wisdom to schools and hospitals. Charlie Munger: Early 70s. Matthew Peterson is the Managing Partner of Peterson Capital Management, LLC. Communicated daily with internal traders and sales force, plus marketed globally to Buy-Side clients . 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? Whalewisdom has at least 38 13F filings, and 33 Form 4 filings. If so, how do you think society should address it, especially because poor countries require much more cheap energy to reduce poverty? Can U.S. Treasury bonds be such a case today? Bill Gates has written a book on this subject recently in which he concludes that it would be expensive but it could be handled. Charlie Munger: Its partly culture but a lot of it is just born in and its a quirk. And, pretty soon, he turned that into this gloriously prosperous place. As for some of our technology, like eFiling for example, the courts are closed. If we could make the world richer by just raising the minimum wage to $100,000 a second or something, of course we would do it but. Question: If you had a chance to make an addition or revision to Poor Charlies Almanac, what would that be? The meeting was held on February 24, 2021. Tom Murphy used to say that his system of management was to delegate just short of total abdication.
Daily Journal Corporation (DJCO) - Yahoo! Charlie Munger: Im a great admirer of Jeff Bezos whom I consider one of the smartest businessmen who ever lived. That was a big error in judgment. Charlie Munger: I have seen an episode or two of the Queens Gambit. Type a symbol or company name. . And I just think it was academically inconvenient for them. Theres hardly anything he touched he didnt improve. On the other hand, it could be handled.
Knox Lane hires Buntain to head investor relations | PE Hub Questions: Many major businesses and high net worth individuals have been leaving California. 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. LEARN MORE. But you know, most people dont do that. Theyre just very simple. Thats what weve been doing throughout my whole lifetime. What can we do to increase knowledge, understanding, and appreciation of the Chinese civilization? containing a link to download the .zip file of the CSV file(s) you requested. Is it digital wallets like PayPal, Square, or Apple Pay? The Hamilton Live 600 14th Street NW of stocks: 4 Portfolio value: $174,434,000 Holdings Activity Buys Sells History * Reported Price is the price of the security as of the portfolio date. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. And, what about passive investing? 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. Question: Many believe that inequality accelerated by this pandemic has reached alarming levels that demand drastic solutions such as a wealth tax. Also, fortunately before the pandemic, we got out of the conference-type events and we were not subjected to the problems of no conferences nobody to attend. Question: It seems like everyoneincluding actors, athletes, singers, and politiciansis getting into the business of promoting their own SPAC. I think the bankers of today could learn a lot from Eugene, but little is known of him. 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. There are companies that Daily Journal Corp is getting rid of from its portfolio. All rights reserved.
DAILY JOURNAL CORPORATION : Press releases | DJCO | US2339121046 Question: Is the oil and gas industry the new newspapers? And then the previous 100 years, that got another big chunk of modernity. We have our crotchets and I just dont know enough about it to want to go into that activity. I own some apartment houses, so I like that investment, provided youve got a perfect management which is hard to get. 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. How do you decide to hold on to a stock or sell some? Knox Lane was founded in 2019. I find that by working at that, I can actually make some improvements even though Im old. He was just a very old-fashioned sound thinker. 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. It doesnt happen anymore. I think its just to some extent you either have it or you dont. Featured Content 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 . Everything you see is profit. Intelligent Investing in Crisis Mode. Of course, that history is useful to know. So we were like an undertaker who suddenly got prosperous in a plague year. Charlie Munger at the 2021 Daily Journal annual meeting spoke once again at great length. The best venture capital operation probably in the whole world is Sequoias and they are very good at this early stage investing. Non-members may peek into the world of MOI Global via limited access. You fix what you can fit, and what you cant fix, you endure. By the way, the Harvard Business School, when it started out way early, they started out with a history of the business. Charlie Munger: Well, it helps to be able to leave the IQ test early with the highest score. BYD sells at nearly 200 P/E. I call it deworsificationwhich I copied from somebody. Question: Do you think value investing is still relevant in a GDP-decreasing world? Investors Will Want Seneca Foods' (NASDAQ:SENE.A) Growth In ROCE To Persist 7/31/2022 8:49 AM. 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. And some bankers yield to the temptations.
Iovance Biotherapeutics Reports Fourth Quarter and Full Year 2022 If you dont have master the rest of the knowledge you cant synthesize it with psychology. Its been amazing that one little company starting up not that many decades ago could become as big as Costco did as fast as Costco did. Im way more comfortable owning two or three stocks which I think I know something about and where I think I have an advantage. DATAROMA Superinvestors Portfolio Holdings Charlie Munger - Daily Journal Corp. Period: Q4 2022 Portfolio date: 31 Dec 2022 No. Charlie Munger: I think Ive learned to avoid zoning work. Ive been around for a long time and my policy has always been to just write them out. I prefer the United States. Create your Watchlist to save your favorite quotes on Nasdaq.com. In 2010, that was down to 165 full-time employees and 15 part-time employees. Thats an interesting example of self-learning. 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. In 1978, the year Deng Xiaoping took over, it was 300. Appian: Well-Positioned Platform for Building Enterprise Software, PDF Solutions: Lowly Valued, with Net Cash and Growing SaaS Business, Interactive Brokers: Automated, Low-Cost, High-Margin Business. Daily Journal Corp publishes newspapers and web sites covering California and Arizona and produces several specialized information services. And, I think that could happen, but, of course, thats not a sure thing. Under Nasdaq's Board Diversity Proposal, operating companies listed on Nasdaq's U.S. exchange, including Daily Journal Corporation (DJCO), are required to publicly disclose diversity statistics . As a result of holding those two positions, we have a lower cost than anybody else and we make more money than practically everybody else. At this rate, hell likely (hopefully) reach the longevity of Irving Kahn. So you now know what I do in charitable institutions. Daily Journal Corporation Announces Financial Results for Fiscal Year ended September .. Daily Journal : Fiscal Q3 Earnings Snapshot. Buffetts donations to the foundation have obviously helped to save many millions.
The Superinvestors of Daily Journal Corporation - Forbes And theyre all dyingevery damn one of them almost.
DJCO - Daily Journal Corp Stock Price Quote - Morningstar 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. I dont think we have any great gift at making macroeconomic predictions. Charlie Munger: Well, I think all stocks can fluctuate. We were together in that for a long, long time, and then Rick and I did the Daily Journal together on another occasion. The agent name of this company is: GERALD L SALZMAN ,and company's status is listed as ACTIVE. Wide-Moat Investing Summit John Lambert, First class in every way. However, could you be more specific? Daily Journal - Overview, News & Competitors | ZoomInfo.com Daily Journal Corp is based out of Los Angeles. So, no I dont think its the responsibility of management to assure where the stock sells. Has the quality of the publication suffered as the employment levels have decreased? And, I was always aware of that and so Ive accepted these damned annual meetings. Charlie Munger: I cant think of a We paid high prices for some little companies in the course of trying to enter the court software business. There are certain behavioral rules. I dont think that hydrocarbons are going. But the accountants are duly elected. 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. Never before in the history of mankind have we seen such a rapid eradication of poverty, pulling approximately 800 million people out of destitution. Charlie Munger: I dont know how permanent its going to be but it certainly caused a change. Question: Mr. Munger is a champion of Chinese stocks. Question: Can you share some parting thoughts with the viewers who are watching all around the world? Im Charlie Munger, Chairman, and to my right is Jerry Salzman, CEO. Part of the reason for that was cultural. Have you met Lee Kuan Yew in person? -, 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. Its like evolution in biology. I think people have the theory that any intelligent hardworking person can get to be a great investor. Its a funny way to make money. What do you think of all of the SPACs and the promoters pushing them? And, he was very good company and a splendid gentleman. As November inches closer, all things in the political world will ultimately begin and end with the midterm elections. Question: In 1999, the year the Daily Journal bought Sustain Technologies, the traditional business employed 355 full-time employees and 61 part-time employees. Charlie Munger: Well thats an easy one. The fully online conferences hosted by MOI Global bring together great minds from our network of intelligent investors, with a focus on timely ideas and timeless wisdom. Meet-the-Author Summer Forum Charlie Munger: No, I would say that of course, theres some new material in misjudgment. Considering their system, that is not what he should have been doing. The kind of executives who have a Buffett-like mindset and never get in trouble are a minority group, not a majority group. To the extent that my thoughts have helped my life, I think Ive pretty well run the course. Transcribed image text: Auditor Changes at Daily Journal Corporation Charlie Munger is vice chairman of Berkshire Hathaway Inc. and is informally known as Wa ren Buffetr's "right arm. But, of course, if we got a chance to do it again, we would do it better. 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. How are they similar or different? SEC form, multiple filers or classes of filers, and much more.***.
Bruker Corporation to Present at Investor Conferences Charlie Munger: Full Transcript of the 2021 Daily Journal Meeting - Junto Its chairman is Steven Myhill-Jones. Question: What is the biggest lie currently being perpetuated by the investment complex? Its a very dishonorable low-grade way to talk. And he said; I cant decide the order of presidency between a flee and a louse. The Daily Journal Corporation has been publicly traded since 1987 on the NASDAQ under DJCO. Thats been greatly curtailed. Are traditional dividends and share repurchases the likely end-stateassuming our software business grows into a bonafide companyor will buying and holding securities from time to time be what the board is comfortable with? Given the developments over the past year, could you give us an update on your assessment of wretched excess in the system? You are going to be flabbergasted. And would the Daily Journal consider Bitcoin or any other cryptocurrency as an asset on the balance sheet similar to what Tesla recently did? A rich civilization can afford to do it if we absolutely have to. You saw the ebb and flow of industry and the creative destruction of the economic changes and so on. Charlie Munger: Its a huge field in which we have a very interesting toehold with the strongest toeholds in Australia and California. How would they think about current opportunities with low rates and low inflation? We have offices in all the major cities in California and also in Logan, Utah. 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.