daily journal corporation investor relations

Question: Why is Berkshire Hathaway selling shares of Wells Fargo as quickly as one can and the Daily Journal has sold one share? The editorial team seeks out thought-provoking insights and variant perspectives from across the membership network and beyond. I dont think we have any great gift at making macroeconomic predictions. What happened is that BYD is very well positioned for the transfer of Chinese automobile production from gasoline-driven cars to electricity-driven cars. But theres no rule that life has to be easy on the mental side. But I wont be following him. Copyright by BeyondProxy. Its a funny way to make money. I think the oil and gas industry will be here for a long, long time. 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. That thing circulates. I didnt get to where I am by going after mediocre opportunities. 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? VP of Publications & Sec. New York, NY (March 25, 2021) - News Corp announced today it has agreed to acquire Investor's Business Daily from O'Neil Capital Management. PROXY STATEMENT. Daily Journal : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF.. Daily Journal Corporation Announces Financial Resultsfor the Nine Months ended June 30.. Daily Journal Corporation Announces Financial Resultsfor the Six Months ended March 31.. Daily Journal : Fiscal 1Q Earnings Snapshot. I think that that will probably continue. 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. We cant promise what the outcome will be but we are trying pretty hard and we get some favorable impressions of progress. He said it was the pursuit of the uneatable by the unspeakable. And like last year, you will in this note find a full transcript of the entire meeting. 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. We got a dividend of two and a half million shortly thereafter. 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. N/A: N/A: N/A: . All rights reserved. Buffetts donations to the foundation have obviously helped to save many millions. The Zurich Project And the next time around the poor will get richer faster than the rich. 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. 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). 2/24/23. I hope that that will continue in the future. Members enjoy a steady stream of exclusive wisdom and insights from the leading minds in the field of investment management. I dont know which is worse. I dont think its like the newspaper business. Question: Youve spent much of your life contributing your wisdom to schools and hospitals. Daily Journal Corp is an investment fund managing more than $174 million ran by Tu To. Whoever dreamed when I was young that Kodak and General Motors would go bankrupt. I know Berkshire is a long-term owner and rarely sells securities of high-quality companies it owns in its portfolio simply because its overvalued. 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 . Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. Daily Journal Corp is based out of Los Angeles. The Manual of Ideas Charlie Munger: I think any rich nation ought to have a social safety net that expands a little with its wealth. Charlie Munger: Well, I never owned a share of General Electric because I didnt like the culture. Both Berkshire and Li Lu own BYD Company which you spoke highly of in the past. What I think is interesting about chess is, to some extent, you cant learn it unless you have a certain natural gift. But, no, I dont think Treasury securities are a big problem. One of my smartest friends in venture capital is constantly getting huge clumps of stocks at nosebleed prices. But its hard for anybody. Charlie Munger: I dont know how permanent its going to be but it certainly caused a change. Thats true whether youre Benjamin Franklin or Joe klutz. And if you cant do that, youre not gonna win the great chess championships of the world and youre not gonna do as well in business as Henry Singleton did. I feel the same way about those choices. Stocks with a size of more than $10 billion in market cap make up The total cash compensation, which includes bonus, and annual incentives, can vary anywhere from $137,730 to $197,363 with the average total cash compensation of $163,305. 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. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Charlie Munger: Well, I dont know how well the economys doing to work in the future. The death tax in China is zero. If you try and reduce the poverty too much, its counterproductive. Everybodys got a different situation. Apartments have come through better. They lose their money fast enough. The meeting will come to order. February 26, 2021 / Richard Lewis / 6 Comments. I think were into a lot less travel and a lot more Zooming. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Its difficult to break into the legal advertising system which supports so many newspapers, not only in California but elsewhere. Charlie Munger: I would go further. European Investing Summit Look around all this real estate. Computershare Investor Services 8742 Lucent Boulevard, Suite 225 Highlands Ranch, CO 80129 . I cant help you. And you mentioned technologythats very, very important. Im way more comfortable owning two or three stocks which I think I know something about and where I think I have an advantage. He cared terribly about not making bad loans or incurring dumb expenses. Question: [The questioner] quotes a commencement address you gave in 2007 at USC Law School. Description Daily Journal Corp. Daily Journal Corp. engages in the publication of newspapers and websites covering California and Arizona. Question: Your advice given on choosing a good spouse in Poor Charlies Almanac is terse. He lived in a particular town. Type a symbol or company name. I knew a man once, Henry Singleton, who was not a chess champion. February 12, 2020 . Thats our system. Of course, that made him very leery of dumb loans. Can you speak to the causes, the trend, and make some predictions? Contact. It also serves as a newspaper representative specializing in public notice advertising. LEARN MORE. 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. So, you have to be a little closer to the employees needs, desires, babysitting, and all those activities that were kind of taken for granted in the past. Industry Insights Summit On the other hand, we have a fair amount of time to do it. 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. He was a very smart man and he had a lot of good ideas. And, we hope to do well in it. No one knows for sure just how much government intervention is wise and at what point the government should stop intervening. And if you have a free market system thats trying to get rich in the way recommended by Adam Smith, what happens is that its a very irritating system because the poverty that causes so much misery is also causing the growth that makes everybody get out of poverty. Ellen Ireland will be inspector of elections. Many of our systems are in the cloud. We have different tax considerations. Sign-up He took over a malarial swamp with no army, no nothing. If its not good enough for Berkshire, shouldnt we have the same standards? And he said; I cant decide the order of presidency between a flee and a louse. We do know one thing and that is that the courts of the whole world are going to be taken into the modern age. It sold the previously owned 9,745 shares for $357 thousand. Youll remember that when the first big bubble came, which was the South Sea bubble in England back in the 1700s, it created such havoc eventually when it blew up that England didnt allow hardly any public trading and securities of any companies for decades thereafter. Download 13F Summary Licensed software for many ten-year contracts is currently in the multi-year implementation stage. Thats an interesting example of self-learning. So human greed and the aggression of the brokerage community create these bubbles from time to time. Charlie Munger: I think Warren and I are better at buying mature industries than we are at backing startups like Sequoia. We all live with that problem. You have to be concerned about employees lives. The majority of revenue is generated from Traditional business segment. Commission-free trading is not free. It showsed how wise we were to put him there in the first place. Transcribed image text: Auditor Changes at Daily Journal Corporation Charlie Munger is vice chairman of Berkshire Hathaway Inc. and is informally known as War- ren Buffett's "right arm." Munger also serves as chairman of Daily Journal Corporation, which publishes 10 newspapers and offers specialized information services and technology-based prod- ucts. On the other hand, it could be handled. Its just that the investment banking profession will sell shit as long as shit can be sold. And that is why Costco presents some danger to Amazon. When autocomplete results are available use up and down arrows to review and enter to select. Charlie Munger: 2021 Daily Journal Annual Meeting Transcript. How do I update this listing? The bad news is its not clear whos gonna win all the business or how much money is going to be made. Charlie Munger: We will not be following Tesla into bitcoin. Of course, that will still work. He was a one party system but he could always be removed by the electorate. are based in the United States. Charlie Munger: Well, Lee Kuan Yew had the best record as a nation builder. And what did the Chinese communists do with respect to death taxes? Knowledge and know-how can act as an almost indestructible moat for a companys competitive position and growth prospects. But I dont think everybody can be a great investor or a great chess player. At the age of 97, Charlie Munger wasnot surprisinglysharp as a tack. She created a business with like 500 depression dollars that became a huge business. 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. Best Ideas Omaha Request Information Questions: Why are some people incapable of learning new ideas and behaviors? Investor Relations Daily Journal Corp DJCO Valuation Morningstar Rating | Rating as of Jan 26, 2023 Quote Chart Stock Analysis News Price vs Fair Value . And I dont think youll find me engaged in the massive rezonings in the future. Question: Is the oil and gas industry the new newspapers? 915 E. 1st Street. Implementation is expensed as provided, while the long-term recurring high-margin revenue is not yet included on the income statement. 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? The average market cap of the portfolio companies is close to $220 billion. Gerald Salzman: There are a number of factors that come into play here. We have our crotchets and I just dont know enough about it to want to go into that activity. 1/9/23. Youve said recently that Sequoia is the greatest investment firm ever. Any tips on how to generate insight in these types of situations? All we can promise is that were gonna try and so far as I can tell, were doing pretty well. 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. But, I dont think Ive got a lot to contribute. Could you share the secret to living a long, healthy, and happy life? Charlie Munger: I dont have any wonderful new thoughts. Gerrys lived a long time too and I think we both have been lucky. Non-members may peek into the world of MOI Global via limited access. Create Email Alert, ***Log In or All rights reserved. If anybody can fix it, he can. I hope the newspaper survives too. Question: What is the biggest competitive threat to U.S. banks like Bank of America and US Bankboth equity holdings of the Daily Journal Corporationover the long term? It was a background that helped everybody. Featured Content Daily Journal Corporation Reports Earnings Results for the Full Year Ended September 30, 2022. 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. The most important decision in life to benefit those who are single, perhaps including some of your grandchildren and great-grandchildren. Now 16 years have passed. And interested and up to speed and didnt have to take a lot of time to get background information to make his comments. According to the last 13-F report filed with the SEC, Tu To serves as the Chief Financial Officer at Daily Journal Corp. What, for example, would you recommend as course materials? As of 29th December 2022, Daily Journal Corps top holding is 2,300,000 shares of Bank Of America currently worth over $76.2 million and making up 43.7% of the portfolio value. A lot of things are going to change. Everybody is. Question: You famously run investments through your mental checklist. Gerry, can you ever remember Rick down? In other words, when we shout our knowledge out, were really pounding it out. But Im flabbergasted at how well theyre doing. I call it deworsificationwhich I copied from somebody. However, is there a price too high that the companys future profits simply cannot justify? Charlie Munger: Well, I have the same difficulty that Samuel Johnson once had when he got a similar question. 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. These are very difficult questions and most people assume that its simple. The largest are the Los Angeles Daily Journal and San Francisco Daily Journal, established in 1888 and 1893, respectively, with 6,300 subscribers between them as of September 30, 2020. When you get into these hard questions, theres a lot of very intelligent honorable people who reach opposite conclusions. Charlie Munger: No, I would say that of course, theres some new material in misjudgment. Has the quality gone down? Ive seen the whole bus system shift from gasoline or diesel to gas and so it obviously isnt impossible, but youd have to create a whole new system of supply for it. The fund focuses on investments in the United States as 50.0% of the portfolio companies are based in the United States. How do you decide to hold on to a stock or sell some? Always tell the truth and never lie to anybody about anything. Is there any new material? View the latest DJCO financial statements, income statements and financial ratios. Question: With all the work from home with Zoom and other technology, what do you think the future of commercial real estate looks like? 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. But, but by and large, most of the knowledge has been available for a long time. I dont think it was a mistake to buy the Daily Journal when we did, paying the price we did. In Singapore, you get a savings account the day youre born. Florida would have a really serious problem. If you dont spend the money, you and your heirs get to spend it eventually. Theyre just very simple. Quotemediais not affiliated with or approved by the U.S. Securities and Exchange Commission. And why did you feel that Amazon had more to fear from Costco than Costco had to fear from Amazon? We are in fact being a more difficult type of software business than Microsoft. Hed been a receiver for a bank. Ive been pretty quiet. Daily Journal Corporation Announces Financial Results for Fiscal Year ended September 30, 2022 LOS ANGELES, Dec. 16, 2022 (GLOBE NEWSWIRE) -- During fiscal 2022, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $54,009,000 as compared with $49,925,000 in the prior year. Daily Journal Corp closed its position in Posco Adr on 5th January 2023. Do you think that digital economy has reached a tipping point such that this time is different and that conventional valuation measures for these types of companies are dead, or does this environment remind you of 1999? what football team does bradley walsh support, midlothian turnpike shooting,

Squat Agonist And Antagonist Muscles, City Of East Cleveland Automated Traffic Control Violation System, Thomas Powell Tomball Obituary, Mich Rogers Manhattan Beach, Articles D

daily journal corporation investor relations