daily journal corporation investor relations daily journal corporation investor relations

Ive been around for a long time and my policy has always been to just write them out. I think that to some extent the complaint about the rich getting richer as a result of the COVID panic is a misplaced concern. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. 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. 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. Charlie Munger: Well, of course, if a person is a chronic drunk, we avoid him. Has the quality of the publication suffered as the employment levels have decreased? Now 16 years have passed. And thats very interesting. He loved to kid people. At this rate, he'll likely (hopefully) reach the longevity of Irving Kahn. SEC form, multiple filers or classes of filers, and much more.***. Charlie Munger: Robinhood trades are not free. Charles T. Munger, who is also vice chairman of Berkshire Hathaway, is the former chairman and a current director.. Publishing business. We dont have any other secrets, do we Jerry? Good Earnings: Salesforce's revenue was up 18% year-over-year, totaling $31.4 billion, and it's expected to grow to $34.5 billion next year. 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. Tom Murphy used to say that his system of management was to delegate just short of total abdication. 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. Daily Journal Corporation Board Diversity Matrix Disclosure Nasdaq Requirement. Zurich Project Podcast And all I can say is that well do the best we can. It closed the year with cash flow reaching $7.1 billion . Investors play a major and vital role in the success and growth of a company. Charlie Munger: Well, I hope we dont have fewer truck stocks because Berkshire Hathaway is deeply involved in truck stops. 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. Charlie Munger: Well, its natural for people to think their own civilization and their own nation are better than everybody else. 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. Im satisfied with the way things have worked out and Im not gnashing my teeth when other people are doing better. Of course, its going to be difficult. Its like evolution in biology. Asian Investing Summit Question: In this years annual letter, you mentioned the share price increase was driven by speculative frenzy and forced index buying. Get the latest articles and insights directly to your email inbox. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. The Knowledge Moat: Keeping Competitors Out Through Ability, Constellation Software: Incentive Systems and Return Constraints. Are they more stable? At this rate, hell likely (hopefully) reach the longevity of Irving Kahn. But everybody cant be better than everybody else. And some types of real estate in recent years has been particularly difficult. Culture is very important. Are Berkshires managers aware that through their efforts to create business success at Berkshire that they have been involved in saving millions of lives? How concerned is he about Chinese government interference as seen recently with Ant Financial, Alibaba, and Mr. Jack Ma. I dont think it was a mistake to buy the Daily Journal when we did, paying the price we did. Im Charlie Munger, Chairman, and to my right is Jerry Salzman, CEO. 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 thats not a sure thing either. 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. But, of course, you should start out by studying the history of capitalism, how it worked, and why before you start studying business. Charlie Munger: I think Ill skip that one. Charlie Munger: Well no, I dont think we have a bubble in Treasury securities. Governance. 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. I think civilization would do better without it. Every value investor tries to get more value than he pays for. But I do admire what the Chinese have done. Our 2023 Annual Meeting of Shareholders will be held on Thursday, May 4, 2023 at 8:30 a.m. When you pay for order flow, youre probably charging your customers more and pretending to be free. What I see in China now just staggers me. That approach will never go out of style. Corporate Governance Daily Journal Corporation's ISS Governance QualityScore as of February. Im just learning as I go along. Its doing a big public service. The second proposal is to ratify the appointment of our certified public accountant: Baker Tilly US, LLP. And what did the Chinese communists do with respect to death taxes? N/A: N/A: N/A: . Its business model offers investors leverage to commodity prices and exploration upside but with a much lower risk profile than a traditional mining company. Question: Why, almost two years ago, did you believe that Costco was the only U.S. stock worth buying? Of course, thats a useful thing. He was a very smart man. The one thing I will say is that a lot of the moats that looked impassable, people found a way to displace. A lot of the people who are doing this remote worka lot are going to work three days a week in the office and two days a week at home. When you get into these hard questions, theres a lot of very intelligent honorable people who reach opposite conclusions. 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. That way, whatever happens, he feels smart. Daily Journal Corporation was incorporated in 1987 and is based in Los Angeles, California. Currently, their heaviest sector is Finance making up 81.3% of And do you and Warren have any tricks or shortcuts to size people up quickly and accurately? Charlie Munger: Well, I certainly hope that they succeed mightily in their software endeavor to automate all these courts for the modern world. Were beholden to the guidelines of the county of Los Angeles and other counties. Daily Journal Corp is an investment fund managing more than $174 million ran by Tu To. In 1860, GDP per capita in China was 600. Thats very, very important. And, of course, he hated costs. Bill Gates has written a book on this subject recently in which he concludes that it would be expensive but it could be handled. He really knew everything you had to do to avoid credit losses in a small town in Illinois. You once said to study the life and work of Lee Kuan Yew. 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? I think the Chinese have behaved very shrewdly in managing their economy and theyve gotten better results than we have in managing our economy. And, for example, here, we must have 30 or 40 deaths. Of course, that history is useful to know. Many, but not all SEC filings are available in the SEC's EDGAR database. This will schedule a job to export all requested 13f holdings data for this filer. Thats entirely due to the practical talent of Lee Kuan Yew. 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. This Week in Intelligent Investing. The average salary for Investor Relations Director at companies like DAILY JOURNAL CORP in the United States is $173,091 as of November 23, 2022, but the range typically falls between $149,030 and $199,970. Charlie Munger: Well, it certainly does and thats the kind of thing that can happen when you get a whole lot of people who are using liquid stock markets to gamble the way they would betting on horses. Throughout the transcript below, I have included clickable links to my notes and articles . He doesnt mind at all not getting credit for his charitable donations. I think that shareholders should be more sensible and not crowd into stocks and buy them just because theyre going up and they like to gamble. Charlie Munger: Its a huge field in which we have a very interesting toehold with the strongest toeholds in Australia and California. No, I dont have any secrets. And I think both of us have done the same thing; we just suck it in and cope. Local Chapters Also, when you get reverses, if you just suck it in cope, that helps if you dont just fretfully stew yourself into a lot of misery. If its not good enough for Berkshire, shouldnt we have the same standards? So its very difficult. I think the world is gonna be quite different. USD. Nobody should believe that Robinhoods trades are free. With no analysts or investor relations department, few understand the transformation that has occurred. And that is why Costco presents some danger to Amazon. But the Chinese have proved that you dont need free speech to have a wonderful economy. Charlie Munger: Its quite importantpart of the success of a company like Costco. Charlie Munger: Its hard to know what exact macroeconomic policy is correct. Those are pretty good rules and theyre pretty simple. #CharlieMunger #DailyJournalAnnualMeeting #BerkshireHathawayYahoo Finance is the exclusive live stream platform for the fully virtual Daily Journal ($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. And I think wise people should just stay out of them. for DAILY JOURNAL CORP, Top 20 equal-weighted holdings. 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. And, of course, thats a very dangerous way to invest. Were going to bust our ass to try and do a good job. These are very difficult questions and most people assume that its simple. The board includes high-profile names such as Rick Guerin, Peter Kaufman, and Charlie Munger. Charlie Munger at the 2021 Daily Journal annual meeting spoke once again at great length. Is it Bitcoin, decentralized finance, or something else? If you were offered a fresh start today, what would you do differently in life and in investing? Wide-Moat Investing Summit Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. All we can promise is that were gonna try and so far as I can tell, were doing pretty well. Charlie Munger: I have seen an episode or two of the Queens Gambit. Voir plus Voir moins Financial Analyst PaineWebber, Inc - UBS fvr. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. Market Holidays Daily Analyst Ratings Daily Insider Trading. Rich Eisinger, Great content, great people. . What would be a mistake at the Daily Journal which we can all learn from? Charlie Munger: Well, I cant top Lee Kuan Yews example. But, a very wise man said on an earlier occasion: The trouble with banking is that we have more banks than we have bankers. And I think thats what shareholders do. Charlie Munger: I think any rich nation ought to have a social safety net that expands a little with its wealth. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Look around all this real estate. 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. The decision was. Hed been a receiver for a bank. Im not going to change. Do you agree that there is a close parallel to the late 90s and that this, therefore, must end badly?. I admire him that much. Would you share a few stories about him and your fondest memory? They had to because the traditional business newspaper business is shrinking. I think any intelligent person can get to be pretty good as an investor and avoid certain obvious traps. MUNCIE, Ind., Jan. 05, 2023 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq:FRME) will report fourth quarter 2022 financial results on January 26, 2023. 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. I think office buildings are now in some trouble and, of course, commercial real estate rented to stores has been in a lot of trouble for a long time. Munger became Chairman (because he was an attorney). 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. Daily Journal Corp. - AnnualReports.com Most Recent Annual Report MOST RECENT 2019 Form 10K View Form 10K (HTML) Daily Journal Corp. does not currently have any hardcopy reports on AnnualReports.com. 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. For example, Coca-Cola in the past. It seems to involve a lot of your standard causes of human misjudgment. And another shareholder asked: Dear Mr. Munger, please share your thoughts on the recent /r/WallStreetBets GameStop short squeeze. MOI Global en Espaol. The company operates in two segments: Traditional business and Journal Technologies. Im not saying I wanted to live in China. Gerald Salzman: Charlie refers to the courts, many times. Charlie Munger: Thats too hard in general a question for me. And we immediately ascended, we put Gerry in, and hes made every decision wonderfully ever since. I wouldnt change my life all that well. I recommend that other people follow my example. Its one of the most ignorant professions in the world. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. You know what her mottoes were? 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 had excellent judgment. Theyve got a better reputation for providing value than practically anybody, including Amazon. It says that man is too soon old and too late smart. At the age of 97, Charlie Munger wasnot surprisinglysharp as a tack. Question: Youve spent much of your life contributing your wisdom to schools and hospitals. I just see more and more of the rich people leaving. Rose Blumpkin had quite an effect on the Berkshire culture. And I think the directors of GE deserve a lot of credit for making Larry Culp the CEO. So, of course, I admire him. and leadership at Berkshire Hathaway, Munger was . -, 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. Everybody is. for Q4 2022. We hope theyll continue doing magnificently well. And I was like Rip Van Winkle; when I tried to come back to it, I found that the world had changed. As November inches closer, all things in the political world will ultimately begin and end with the midterm elections. Were all pretty forgiving of ourselves too which is probably a good thing. The Manual of Ideas We would all say that. And what are the implications, since Treasury assets underpin the value of every other asset? But he previously worked for Rick Guerin and me in running a little mutual fund that we bought control of. And if you stop to think about it, that is also true at the Daily Journal. Today, the majority of contractual revenue that can be identified is from implementations and licenses. I think that inequality is absolutely an inevitable consequence of having the policies that make a nation grow richer and richer and elevate the poor. He was death on corruption which was a very good idea. I dont think its like the newspaper business. On the other hand, the buses in Los Angeles work on natural gas. Information and insights on key investors, paired with strategic outreach to help corporations capitalize on relationships. They are joining the modern world very rapidly and theyre getting very skillful at operating. Question: What is the biggest lie currently being perpetuated by the investment complex? How would you advise these institutions to manage their endowments over the coming decades? Whalewisdom has at least 38 13F filings, and 33 Form 4 filings. And interested and up to speed and didnt have to take a lot of time to get background information to make his comments. This is cheap compared to Tesla currently valued at over 1100 times P/E and 24 times sales. 2022 Junto Investments, all rights reserved. I hope the newspaper survives too.