daily journal corporation investor relations

Its chairman is Steven Myhill-Jones. I would be curious to know how you started your interest in Singapore and Lee Kuan Yew. All rights reserved. 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. But I dont think thats going to end up with a mistake. And were gonna play that as hard as we can. Commission-free trading is not free. Gerald Salzman: Charlie refers to the courts, many times. On the other hand, as you say, I didnt get rich by buying stocks at high price-earnings multiples in the midst of crazy speculative booms. Once again, the wit and wisdom of Charlie Munger was on full display at the deceptively youthful age of 97! And, we have to function as an informal committee in that we have to bring our employees and our clients together to work out what they already know and how we can help them do a better joba more efficient job. Daily Commerce 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. But, of course, its a very difficult field. Intellectual Property Quickly find out what the most recently closed or increased positions are. Im pretty easy on myself these days. This is a highly desirable thing. Charlie Munger: Well, I hope we dont have fewer truck stocks because Berkshire Hathaway is deeply involved in truck stops. I think that to some extent the complaint about the rich getting richer as a result of the COVID panic is a misplaced concern. He was very amiable the way he talked about it. Question: Which do you think is crazier? 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. I feel the same way about those choices. 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? 75% of the total holdings value. DJCO - Daily Journal Corp Valuation - NASDAQ | Morningstar Charlie Munger: Well, I think all stocks can fluctuate. So its a very theoretical discussion. Get the latest articles and insights directly to your email inbox. 2023, Nasdaq, Inc. All Rights Reserved. What do you think of all of the SPACs and the promoters pushing them? They just copied Adam Smith and left out the free speech and it worked fine for them. 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. Do you agree that there is a close parallel to the late 90s and that this, therefore, must end badly?. Charlie Munger: Well, I so rarely hold a company like BYD that goes to a nosebleed price that I dont think Ive got a system yet. So he married her. 2023 Annual Meeting. And that isnt necessarily right for its customers. Licensed software for many ten-year contracts is currently in the multi-year implementation stage. Charlie Munger: Well, thats a very good question. -, 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. Its one of the most ignorant professions in the world. Announces 2022 Holiday Period Net Sales, Updates Fourth Quarter Outlook. What do you look for in a leader? Charlie Munger: Well thats an easy one. You can argue that I got close to Sequoia when with Li Lu we bought into BYD. 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. But we cant. containing a link to download the .zip file of the CSV file(s) you requested. Member Feedback Could you share the secret to living a long, healthy, and happy life? Daily Journal Corp. As a matter of fact, its not clear to me that China would have done better if theyd copied every aspect of English civilization. Our 2023 Annual Meeting of Shareholders will be held on Thursday, May 4, 2023 at 8:30 a.m. I dont think I can teach you how to retroactively get a new accident yourself. I prefer the United States. And theyre all dyingevery damn one of them almost. All rights reserved. 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. Question: Of the various types of moats and competitive advantages, which types do you think will be most important in the years ahead, and what combinations of competitive advantages can you imagine will create any new types of moats? And we probably have more of those shortcuts than others. Membership Tour Hell be able to do it. The decision was. What are the main sources of ancillary revenue expected once the products have gone live and how meaningful will the products like eFile-it, ePay-it, cloud hosting services, and others become? A little wisdom in spouse selection is very desirable. They are joining the modern world very rapidly and theyre getting very skillful at operating. When I look at the modern Singapore health system, it costs 20% of what the American system costs. Were not enlarging it. I think the world is gonna be quite different. A single vial can cost upwards of $300, meaning a monthly cost of $1,000. I admire him that much. So I think what China has done was probably right for China and that we shouldnt be so pompous as to be telling the Chinese they ought to behave like us because we like ourselves and our system. Daily Journal Corporation (DJCO) - 8-K - Current report SEC FilingsYesterday, 3:57 PM Daily Journal Corporation (DJCO) - 10-Q - Quarterly Report SEC FilingsMon, Feb. 13 Daily. 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. Charlie Munger at the 2021 Daily Journal annual meeting spoke once again at great length. 2/13/23. 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. 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. She created a business with like 500 depression dollars that became a huge business. Meet-the-Author Summer Forum I think the result would have been worse if either party had been in control all by itself for the whole period. Question: You famously run investments through your mental checklist. Investor Overview | Graham Holdings Company Remember the Dot Com boom when every little building in Silicon Valley ran into a huge price and a few months later about a third of them were vacant. Charles T. Munger, who is also vice chairman of Berkshire Hathaway, is the former chairman and a current director.. Publishing business. As a matter of fact, what happens is to make a nation rich, you need a free market system. Because we have the proxies those directors are now reelected. Can you speak to the causes, the trend, and make some predictions? The total portfolio value may be much higher due to cash Any tips on how to generate insight in these types of situations? 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. He was very courageous and generous in helping everybody around him all his life. Question: My question concerns China. I learned those tendencies well enough to synthesize it with the rest of knowledge. But, of course, you should start out by studying the history of capitalism, how it worked, and why before you start studying business. Of course, that history is useful to know. 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. Knowledge and know-how can act as an almost indestructible moat for a companys competitive position and growth prospects. And he said; I cant decide the order of presidency between a flee and a louse. 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? I expect that and I welcome it. 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. 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? (Disclosure: the author has a position in the Daily Journal Corporation - a reliable sell indicator.) Gerry, can you ever remember Rick down? And so, we cant promise were going to succeed. And do you and Warren have any tricks or shortcuts to size people up quickly and accurately? However, is there a price too high that the companys future profits simply cannot justify? Type a symbol or company name. No, I dont think I have anything to contribute. Industry Insights Summit When completed, an email will be sent to the email address you specify Hed been a receiver for a bank. If you try and reduce the poverty too much, its counterproductive. The editorial team seeks out thought-provoking insights and variant perspectives from across the membership network and beyond. Wheaton delivers amongst the highest cash operating . Question: Can you share some parting thoughts with the viewers who are watching all around the world? Sure, we all love the kind of civilization we have. Its difficult to break into the legal advertising system which supports so many newspapers, not only in California but elsewhere. Company Search - astfinancial.com In recent years, The Manual of Ideas has expanded to become more than simply the very best investing newsletter on the planet (Mohnish Pabrai). What are his thoughts on modern monetary theory? Questions: Many observers see market behavior that reminds them of the Dot Com bubble: wild speculation, endless SPACs, and IPOs soaring on their first day of trading. 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. As November inches closer, all things in the political world will ultimately begin and end with the midterm elections. Thats the nature of capitalism. Annual stock financials by MarketWatch. Youd say that everybody does that in their education but I dont think everybody does. Timeless Selections DJCO | Daily Journal Corp. Company Profile & Executives - WSJ Charlie Munger: Well, heres what I meant. If its not good enough for Berkshire, shouldnt we have the same standards? Information Agent. Thats true whether youre Benjamin Franklin or Joe klutz. 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.

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