DJCO | Daily Journal Corp. Annual Income Statement | MarketWatch How concerned is he about Chinese government interference as seen recently with Ant Financial, Alibaba, and Mr. Jack Ma. Question: Previously, you have said; It takes character to sit with all that cash and do nothing. And were gonna play that as hard as we can. Industry Insights Summit Do you agree with the premise and if so how would you address inequality? We are subject to the orders and directions of those counties which, before, really didnt impact anything. What is interesting is that in wealth management, a lot of people think that if they have a hundred stocks theyre investing more professionally than they are if they have four or five.
Daily Journal: Transformation Yet to Be Fully Understood I think when difficulty comes, I expect to have my share. Theyre in a place thats gotten more valuable. The Daily Journal Corp office and employees reside in Los Angeles, California. Some people have a natural trend toward good judgment, and with other people, their life is just a series of mistakes over and over again. LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION. Buffetts donations to the foundation have obviously helped to save many millions. How do you decide to hold on to a stock or sell some? And then the previous 100 years, that got another big chunk of modernity. 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. Chinas economic record among the big nations is the best that ever existed in the history of the world. Corporate Governance. BYD sells at nearly 200 P/E. And do you and Warren have any tricks or shortcuts to size people up quickly and accurately? -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 . Charlie Munger: Early 70s. We use cookies to ensure that we give you the best experience on our website. On the other hand, it could be handled. Theyre just very simple. Bitcoin at 50,000 or Teslas fully diluted enterprise value of 1 trillion. Because if you do that, Im a moral leper.
Charlie Munger: Full Transcript of the 2021 Daily Journal Meeting - Junto Gerry and I have been together, how many years Gerry? Currently, their heaviest sector is Finance making up 81.3% of the total portfolio value. Has the quality gone down? I think its much easier to find five than it is to find a hundred. Today, the majority of contractual revenue that can be identified is from implementations and licenses. 264 Sara.Pellegrino@iovance.com. Question: In this years annual letter, you mentioned the share price increase was driven by speculative frenzy and forced index buying. Question: Many believe that inequality accelerated by this pandemic has reached alarming levels that demand drastic solutions such as a wealth tax. It wasnt some malevolence of the rich that caused it. He said it was the pursuit of the uneatable by the unspeakable. 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. It was totally required. Daily Journal Corporation's ISS governance QualityScore as . He loved to kid people. 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. Daily Journal Corporation was incorporated in 1987 and is based in Los Angeles, California. I cant help you. There are factories in China that are just absolutely full of robots and are working beautifully. So, the people part has changed quite considerably being a small company. They just copied Adam Smith and left out the free speech and it worked fine for them. Question: You and Warren have been adept at quickly sizing people up, particularly business leaders and potential business partners. 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? Question: You identified the opportunity in electrification and invested in BYD. You dont need to worry about them. Gerry, dont you think were doing pretty well? He really knew everything you had to do to avoid credit losses in a small town in Illinois. Sure, we all love the kind of civilization we have. [1]: I said to Rick, were going to make Gerry the head of the Daily Journal. Question: Mr. Munger recently raised the alarm about the level of money printing taking place. 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. Were going to bust our ass to try and do a good job. #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. Im not trying to move mountains.
Solved Auditor Changes at Daily Journal Corporation Charlie | Chegg.com Commission-free trading is not free. Question: Ben Franklin said: Were it offered to my choice, I should have no objection to a repetition of the same life from its beginning, only asking the advantages authors have in a second edition, to correct some faults of the first. Question: It seems like everyoneincluding actors, athletes, singers, and politiciansis getting into the business of promoting their own SPAC. But its hard for anybody. Los Angeles, California 90012 . What could investors do to cope better with periodical frenzy? Tom Gayner, Adds value to my research process. Theyve got a better reputation for providing value than practically anybody, including Amazon. And, of course, I think its vastly stupid for any state to be user-friendly to the rich people. Charlie Munger: Well, heres what I meant. Find the latest Daily Journal Corporation (DJCO) stock quote, history, news and other vital information to help you with your stock trading and investing. How did Eugene achieve incredibly low loan losses over the long term while so many other bankers have failed miserably? And I think that were crazy to allow it. Charlie Munger: I dont have any wonderful new thoughts.
djco20191220_def14a.htm - SEC Daily Journal Corporation (DJCO) company profile & facts - Yahoo! Zurich Project Podcast February 12, 2020 . Question: Do you believe the valuations for electric car manufacturers are in bubble territory? Charlie Munger at the 2021 Daily Journal annual meeting spoke once again at great length. Both Berkshire and Li Lu own BYD Company which you spoke highly of in the past. Stocks with a size of more than $10 billion in market cap make up Our editorial system and our advertising system are all in the cloud. Generally, what people do is they have financial reserves so they have some options if trouble comes, and they adapt the way Gerry has to require downsizings or require upsizings. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Daily Journal Corporation Announces Financial Results for the Six Months ended March 31.. Daily Journal : Announces New Chairman and CEO - Form 8-K. Daily Journal Corp : Change in Directors or Principal Officers, Financial Statements and E.. Daily Journal Corporation Announces New Chairman and CEO, Daily Journal : Fiscal Q1 Earnings Snapshot. People really trust Costco will be delivering enormous value. Youre right. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. Its entirely possible that our system is right for us and their system is right for them. Announces Participation in 2023 ROTH Conference and 2023 UBS Global Consumer and Retail Conference. Accounting is also in the cloud. Of course, its going to be difficult. Performance numbers calculated through 2023-02-14. And I dont think that we or the Daily Journal is getting ahead because weve got some wonderful macroeconomic insight. So, of course, I admire him. And I think the world would be better off without them. Im just trying to get a feel for what the long-term capital allocation is. The Zurich Project Where does it appear most egregious? Do you agree that there is a close parallel to the late 90s and that this, therefore, must end badly?. One is a big interest in Li Lus China fund, which is a limited partnership, and the other is a Vanguard index fund. Do you think the Daily Journal would have hundreds of millions of marketable securities now if Gerry didnt know how to learn something new? Announces 2022 Holiday Period Net Sales, Updates Fourth Quarter Outlook. When you pay for order flow, youre probably charging your customers more and pretending to be free. We love it anyway. I kind of admire the way Bill takes on these very hard problems. Computershare Investor Services 8742 Lucent Boulevard, Suite 225 Highlands Ranch, CO 80129 . 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! I am more willing to hold stocks at high multiples than I would be if interest rates were a lot lower. Daily Journal Subscribe to the Daily Journal for access to Daily Appellate Reports, Verdicts, Judicial Profiles and more. Rick was always humorous. You have said that the single best way is to deserve a good spouse because a good spouse is by definition not nuts. Charlie Munger: Well, these things do happen in a market economy. Everybody has shortcuts to screen out certain hazards. It's always a wonderful pleasure to hear Charlie Munger speak at the Daily Journal Annual Meeting. It also serves as a newspaper representative specializing in public notice advertising.
He was a very smart man. Governance. And thats not a sure thing either. The Daily Journal Corporation is an American publishing and technology company with hidden assets and off-balance sheet value. Rose Blumpkin had quite an effect on the Berkshire culture. So we have one basic system configured in a number of different ways, including workers comp for a large state in the United States. How do I update this listing? Daily Journal - Overview, News & Competitors | ZoomInfo.com Daily Journal Corp is based out of Los Angeles. As November inches closer, all things in the political world will ultimately begin and end with the midterm elections. 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. Thats one you can easily arrange. And why did you feel that Amazon had more to fear from Costco than Costco had to fear from Amazon? Podcasts enable members to enjoy content in a convenient format. I dont think we have made a lot of horrible mistakes. I wouldnt change my life all that well. Matthew worked as a member of both the U.S. and U.K. offices, with expertise spanning from risk management to derivative processing. Question: You famously run investments through your mental checklist. All rights reserved. Charlie Munger: Well, I dont know how well the economys doing to work in the future. Gerald Salzman: Always upbeat, yes. On the other hand, we have a fair amount of time to do it. N/A: N/A: N/A: . Im not saying I wanted to live in China. I think theyre a bad investment when interest rates are this low. 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. Charlie Munger: Well, of course, if they bring in a brand new technology you dont understand at all, youre at something of a disadvantage.
DJCO - Daily Journal Corp Valuation - NASDAQ | Morningstar The Daily Journal's 'Slow and Awful' Path to LegalTech Success I would be curious to know how you started your interest in Singapore and Lee Kuan Yew. 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: 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 stock appreciated probably way more than intrinsic value. I would imagine that applies to the broad market too. Take Gerry. She created a business with like 500 depression dollars that became a huge business. I recommend that other people follow my example. Charlie Munger: Well, it helps to be able to leave the IQ test early with the highest score. Thats the reason he rose so fast in life. And what are the implications, since Treasury assets underpin the value of every other asset? The death tax in China is zero. [2]: Has there been anything that has surprised you, and what would be your best advice to someone starting a business now? It also serves as a newspaper representative specializing in public notice advertising. 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 . Daily Journal Corporation has 1 stars. Annual stock financials by MarketWatch. A lot of people assume that since England led the Industrial Revolution and had free speech early that free speech is required to have a booming economy as prescribed by Adam Smith. Questions: Why are some people incapable of learning new ideas and behaviors? So, I think for some folks, early-stage investing is best, and for other folks, what Ive done in my life is best. Im not saying that oil and gas is going to be a wonderful business but I dont think its going away. Question: Which do you think is crazier? Copyright 2023 Surperformance. Rich Eisinger, Great content, great people. Charlie Munger: Well, I do have a tip. Generally speaking, people assume that were a normal software company like Microsoft or something. Classified advertising is down significantly. Question: [The questioner] quotes a commencement address you gave in 2007 at USC Law School. I think you should try and make your money in this world by selling other people things that are good for them. This information can be used by investors to verify and understand the financial position of the company. The third-largest holding is Alibaba Ltd worth $26.4 million and the next is Us Bancorp worth $6.11 million, with 140,000 shares owned. But, a very wise man said on an earlier occasion: The trouble with banking is that we have more banks than we have bankers. He had excellent judgment.
Tu To, Daily Journal Corp: Profile and Biography I think they would have come out worse because their position was so dire and the poverty was so extreme, they needed very extreme methods to get out of the fix they were in. 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.