daily journal corporation investor relations

What are the psychological implications of this type of market behavior? We have different tax considerations. But they dont teach that in the psychology department because the academic system rewards little experiments that develop more insight into psychological tendencies instead of synthesizing whats already been discovered with the rest of knowledge. 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? Charlie Munger: Well, Im constantly making mistakes where I can, in retrospect, realize that I should have decided differently. Im pretty easy on myself these days. First Merchants Corporation to Report Fourth Quarter 2022 Financial Results, Host Conference Call and Webcast. I think the Chinese were very smart. and leadership at Berkshire Hathaway, Munger was . 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. Question: What is the biggest lie currently being perpetuated by the investment complex? I regard this as insanity. If youre willing to count small nations in the group, he had probably the best record that ever existed in the history of the world. Washington State is actually considering a wealth tax at the state level. The Manual of Ideas I expect less out of bankers than he does. What do you make of these two pricings? Thats our system. [1]: Now, it sounds like anybody would know that made sense. Chuck Akre | Sanjay Bakshi | Brian Bares | David Barr | Chris Bloomstran | John Burbank | Joel Cohen | Larry Cunningham | Aswath Damodaran | Christopher Davis | Charles de Vaulx | Fernando del Pino | Pat Dorsey | Jean-Marie Eveillard | James Ferguson | Frank Fischer | Tom Gayner | Daniel Gladi | Bruce Greenwald | Robert Hagstrom | Connor Haley | Ahron Herring | Michael Huber | Bryan Lawrence | Hendrik Leber | Paul Lountzis | Peter Mantas | David Marcus | Howard Marks | Michael Mauboussin | Chris Mittleman | David Nierenberg | Phil Ordway | Mohnish Pabrai | Francisco Garca Params | Bob Robotti | Franois Rochon | David Rolfe | Jim Roumell | Chuck Royce | Tom Russo | Dave Sather | Florian Schuhbauer | Adam H. Schwartz | Josh Shores | Guy Spier | Murray Stahl | Sean Stannard-Stockton | Lauren Templeton | Will Thorndike | Elliot Turner | Michael van Biema | Arnold van den Berg | Marcos Veremis | Ed Wachenheim | Amit Wadhwaney | Adrian Warner | Andrew Wilkinson | Jay Willoughby | Josh Wolfe | Don Yacktman | Tim Yates, MOI Global | The Membership Community of Intelligent Investors. Charlie Munger: I think Warren and I are better at buying mature industries than we are at backing startups like Sequoia. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Do you agree that there is a close parallel to the late 90s and that this, therefore, must end badly?. A single vial can cost upwards of $300, meaning a monthly cost of $1,000. 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 . But I do think having a whole system to sell hydrogen is difficult. DAILY JOURNAL CORPORATION - Print Media - 915 E 1st St, Los - Yelp Last year it quintupled. When the pandemic is over, I dont think were going back to just the way things were. Our 2023 Annual Meeting of Shareholders will be held on Thursday, May 4, 2023 at 8:30 a.m. 306.00. Gerald Salzman: None. to see more advanced email alert options such as selecting any type of 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. Currently, their heaviest sector is Finance making up 81.3% of the total portfolio value. And if there is one thing the world could learn from Singapore, what would that be? In display advertising, for example, we now utilize a very friendly company that worked with us for 25 years and now they are helping us sell advertising. Investors Will Want Seneca Foods' (NASDAQ:SENE.A) Growth In ROCE To Persist 7/31/2022 8:49 AM. Charlie Munger at the 2021 Daily Journal annual meeting spoke once again at great length. Contact the transfer agent for answers concerning the subjects below: Dividend reinvestment plan Lost or stolen certificates Stock transfer requirements American Stock Transfer & Trust Company, LLC 1-877-864-4750 Email: [email protected] Web site: www.astfinancial.com Through invitation-only events and member publications, MOI Global fosters a community of intelligent investors united by a passion for lifelong learning. Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter. MOI Global en Espaol. Question: Is the oil and gas industry the new newspapers? Daily Journal Corporation - Wikipedia Thats been greatly curtailed. It also serves as a newspaper representative specializing in public notice advertising. Can U.S. Treasury bonds be such a case today? But he could play chess blindfolded at just below the Grandmaster level. But Henry was a genius. We love it anyway. Because value investingthe way I conceive itis always wanting to get more value than you pay for when you buy a stock. 2/13/23. DAILY JOURNAL CORPORATION was incorporated on 13 Apr 1987 as FOREIGN STOCK company type registered at 915 EAST FIRST STREET LOS ANGELES CA 90012. And it was probably wise that we acted exactly as we did. -144-01 clinical trial in advanced melanoma during SITC in November 2022 and in a subsequent companion publication in the Journal for ImmunoTherapy of Cancer . So, I think you can count on the fact that what were doing is going to be a big growing field. Im not saying I wanted to live in China. Webcast. Daily Journal Corp's largest holding is Bank of America Corp. (North Carolina National Bank) with shares held of 2,300,000. 2023, Nasdaq, Inc. All Rights Reserved. Its a very dishonorable low-grade way to talk. Question: Previously, you have said; It takes character to sit with all that cash and do nothing. Charlie Munger: I dont have any wonderful new thoughts. 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. Member-Only Podcasts But, but by and large, most of the knowledge has been available for a long time. Daily Journal Corp 13F annual report (2023) | wallmine Daily Journal Corp's largest holding is Bank of America Corp. (North Carolina National Bank) with shares held of 2,300,000. You once said to study the life and work of Lee Kuan Yew. 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. Questions: Many major businesses and high net worth individuals have been leaving California. In other words, when we shout our knowledge out, were really pounding it out. 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. So far the evidence would be that maybe the monetary modern monetary theory is right. 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? If you stop to think about it, business success long term is a lot like biology. The bad news is its not clear whos gonna win all the business or how much money is going to be made. He loved to kid people. This years annual report suggests that the traditional business has 97 full-time employees. Charlie Munger: Theres one thing that were quite passionate about and that is serving the customers who have trusted us. Charlie Munger: Well, I never owned a share of General Electric because I didnt like the culture. Chuck Royce. The member publications, including The Manual of Ideas, have won acclaim for their depth, originality, and breadth of perspectives. And, of course, he hated costs. Charlie Munger: Thats too hard in general a question for me. We bought all these buildings cheaply. You can argue that I got close to Sequoia when with Li Lu we bought into BYD. February 26, 2021 / Richard Lewis / 6 Comments. Gerry, being a sound thinker, you know, did the very unpleasant work of shrinking it appropriately without bothering me or Rick. Whoever dreamed when I was young that Kodak and General Motors would go bankrupt. Thats the nature of capitalism. Nothing contained on junto.investments constitute a solicitation, recommendation, endorsement, or offer by Junto or any third party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction. 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. My guess is we have suffered some editorial quality. But theres also a large risk of losing it coming from within an organization. Charlie Munger: We will not be following Tesla into bitcoin. You saw the ebb and flow of industry and the creative destruction of the economic changes and so on. I didnt get to where I am by going after mediocre opportunities. Many, but not all SEC filings are available in the SECs EDGAR database. Commission-free trading is not free. Is it digital wallets like PayPal, Square, or Apple Pay? Because even as a boy, I knew a lot about who was sound who wasnt sound in Ohama. If you were offered a fresh start today, what would you do differently in life and in investing? Question: You are one of the oldest and greatest thinkers of our time. To the extent that my thoughts have helped my life, I think Ive pretty well run the course. The high margin, profitable and rapidly growing digital first financial news and research business will be operated by Dow Jones, a News Corp subsidiary. He gasped and said, but hes never had anything to do with newspapers or anything else. Bitcoin at 50,000 or Teslas fully diluted enterprise value of 1 trillion. But, of course, I think there will be more automation in transportation of all kinds in the future. I dont know which is worse. Have you considered amending this quote or lowering your standards? Question: What would management [of Daily Journal] do with a sudden windfall of profits? 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. Or, has the digital revolution caused enormous productivity improvements in those businesses? That turned out to be a wonderful idea and thats one of the reasons we made all this money. And thats the way Eugene was in his community. Charlie Munger: Well, of course, the places downsized. Its like evolution in biology. If its not good enough for Berkshire, shouldnt we have the same standards? When autocomplete results are available use up and down arrows to review and enter to select. If you take the last 100 years, 1922 to 2022, most of modernity came in in that 100 years. Today, the majority of contractual revenue that can be identified is from implementations and licenses. So its a very theoretical discussion. It also serves as a newspaper representative specializing in public notice advertising. Question: Why is Berkshire Hathaway selling shares of Wells Fargo as quickly as one can and the Daily Journal has sold one share? Daily Journal Corp publishes newspapers and web sites covering California and Arizona and produces several specialized information services. This is cheap compared to Tesla currently valued at over 1100 times P/E and 24 times sales. 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. As November inches closer, all things in the political world will ultimately begin and end with the midterm elections. I do think that Im way less afraid of inequality than most people who are bleeding about it. What I see in China now just staggers me. I dont think we have any great gift at making macroeconomic predictions. Charlie Munger: Full Transcript of Daily Journal Annual Meeting 2021 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. They lose their money fast enough. Corporate Governance. And I think thats what shareholders do. I think people have the theory that any intelligent hardworking person can get to be a great investor. Charles T. Munger, who is also vice chairman of Berkshire Hathaway, is the former chairman and a current director.. Publishing business. 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. And some bankers yield to the temptations. So he was just a perfect banker if you wanted never to have any trouble. 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. Question: Has your opinion on cryptocurrencies remained the same? But the Chinese have proved that you dont need free speech to have a wonderful economy. He was very courageous and generous in helping everybody around him all his life. I think when difficulty comes, I expect to have my share. Daily Journal Corporation's ISS governance QualityScore as . Intellectual Property 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. Charlie Munger at the 2021 Daily Journal annual meeting spoke once again at great length. Its just not gonna work. 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. Its too volatile to serve well as a medium of exchange. This very special event honors excellence in the investor relations profession across the US and we are excited to welcome everyone for an evening of fine food, dancing and lots of celebrating! Always intelligent. Charlie Munger: I dont think so. Charlie Munger: Im sure some are, but, by and large, thats not what Warren is known for. Daily Journal Corp closed its position in Posco Adr on 5th January 2023. Question: My question concerns China. Daily Journal | DJCO Stock Price, Company Overview & News - Forbes How do you think about the hydrogen opportunity for transportation and how does it compare to the electric opportunity, specifically thinking about trucks versus cars. Investor Relations & Corporate Communications 650-260-7120 ext. That happened because Gerry and I bought these little newspapers all over the state just as a precaution to make sure we could serve public notice advertising wherever it arose in the state. I think its much easier to find five than it is to find a hundred. Corporate Actions Services. I think theyre probably right, by the way. Thats entirely due to the practical talent of Lee Kuan Yew. 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. Charlie Munger: Its partly culture but a lot of it is just born in and its a quirk. And thats the way we handled Gerry. 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? 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. I think most people who are assuming tolerable success in life are about as happy as they were ordained to be. He was old as I am. Daily Commerce. Type a symbol or company name. All rights reserved. Podcasts enable members to enjoy content in a convenient format. According to the last 13-F report filed with the SEC, Tu To serves as the Chief Financial Officer at Daily Journal Corp. I tend to avoid the ones which Im not good at and Im not good at a lot of different problems. Latticework Podcast Charlie Munger: I have seen an episode or two of the Queens Gambit. Thats interestingwho in the hell is voting against the accountants? Nobody else has ever taken a big country out of poverty so fast and so on. 2022. Its entirely possible that our system is right for us and their system is right for them. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. Nobody should believe that Robinhoods trades are free. The Daily Journal shareholders will have to take whatever outcome comes from caring more about our customers than is at all common. The IR Magazine Awards - US 2023 will take place on Thursday, March 30 in New York. Both Berkshire and Li Lu own BYD Company which you spoke highly of in the past. So, no I dont think its the responsibility of management to assure where the stock sells. Corporate governance. 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. And I dont think that we or the Daily Journal is getting ahead because weve got some wonderful macroeconomic insight. Visit Investor Network Presentation / Fact sheet Get the summary on ISDR today, including a copy of our recent investor presentation View Now US Global HQ One Glenwood Ave, Suite 1001 Raleigh, NC 27603 Tel: +1.919.481.4000 Fax: +1.919.481.6222 [email protected] Of course, thats a useful thing. Im Charlie Munger, Chairman, and to my right is Jerry Salzman, CEO. Bitcoin reminds me of what Oscar Wilde said about fox hunting. I knew a man once, Henry Singleton, who was not a chess champion. Charlie Munger: Modern monetary theory means that people are less worried about an inflationary disaster like Weimar Germany from government printing of money and spending it. So, the shareholders have been lucky to have somebody like Gerry here who could learn what he didnt know and fix it. Knowledge and know-how can act as an almost indestructible moat for a companys competitive position and growth prospects. If anybody can fix it, he can. Im not trying to move mountains. CFO & Investor Relations Contact: 398.5k: N/A: 1962: Ms. Maryjoe Rodriguez: Pres: N/A: N/A: 1984: Ms. Michelle Stephens: Exec. Charlie Munger: Well, generally speaking, I dont try and compete with Sequoia. In recent years, The Manual of Ideas has expanded to become more than simply the very best investing newsletter on the planet (Mohnish Pabrai). I hope that that will continue in the future. As a matter of fact, it will be here for a long, long time if we stop using many hydrocarbons in transportation. Announces 2022 Holiday Period Net Sales, Updates Fourth Quarter Outlook. They have created a strong culture of fanaticism about cost, quality, efficiency, and honor. Investor Relations Daily Journal Corp DJCO Valuation Morningstar Rating | Rating as of Jan 26, 2023 Quote Chart Stock Analysis News Price vs Fair Value .

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