daily journal corporation investor relations daily journal corporation investor relations

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. She created a business with like 500 depression dollars that became a huge business. Charlie Munger: I think Ive learned to avoid zoning work. I am more willing to hold stocks at high multiples than I would be if interest rates were a lot lower. LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION. And, I was not surprised when it blew up. Gerald Salzman: Always upbeat, yes. But, no, I dont think Treasury securities are a big problem. He had excellent judgment. Question: Last year, almost every ecommerce, internet, and internet adjacent stock was up 100 plus percent. I recommend that other people follow my example. All except for the legal advertising system which we had to build because nobody else has the volume that we have. Request Information Timeless Selections I think theyd run rings around me. #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, what about passive investing? No, I dont have any secrets. 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. 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. And we immediately ascended, we put Gerry in, and hes made every decision wonderfully ever since. Matthew Peterson is the Managing Partner of Peterson Capital Management, LLC. Knowledge and know-how can act as an almost indestructible moat for a companys competitive position and growth prospects. Of course, we accomplished quite a bit working together. So its very difficult. You are on record as a zealous fan of the Chinese work ethic and Confucian value system. Its a very dishonorable low-grade way to talk. Any tips on how to generate insight in these types of situations? And if you stop to think about it, that is also true at the Daily Journal. I think the Chinese have behaved very shrewdly in managing their economy and theyve gotten better results than we have in managing our economy. 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. Charlie Munger: Theres one thing that were quite passionate about and that is serving the customers who have trusted us. As for some of our technology, like eFiling for example, the courts are closed. 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. Thats what weve been doing throughout my whole lifetime. Charlie Munger: Well, generally speaking, I dont try and compete with Sequoia. Delayed Nasdaq 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. If you were offered a fresh start today, what would you do differently in life and in investing? Can U.S. Treasury bonds be such a case today? 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. Question: What is the wisdom behind holding bank stocks compared to other stocks. Question: Youve said several times that the best way to learn about business is to study the multi-decade financial results of great companies. When people gave me a good idea and I could see it was a good idea, I quickly mastered it and started using it for the rest of my life. Do you think the Daily Journal would have hundreds of millions of marketable securities now if Gerry didnt know how to learn something new? What can we do to increase knowledge, understanding, and appreciation of the Chinese civilization? Charlie Munger: Well, it helps to be able to leave the IQ test early with the highest score. If you try and reduce the poverty too much, its counterproductive. Classified advertising is down significantly. 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. At this rate, hell likely (hopefully) reach the longevity of Irving Kahn. We got a dividend of two and a half million shortly thereafter. Daily Commerce. to see more advanced email alert options such as selecting any type of Because we have the proxies those directors are now reelected. Charlie Munger: Well, these things do happen in a market economy. Member of equity research team highly ranked by Institutional Investor and The Wall Street Journal. DAILY JOURNAL CORP Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-K) AQ. Charlie Munger: Well, the business around here that has the most promise is our software business automating the courts. He was not a dictator. The IR Magazine Awards - US 2023 will take place on Thursday, March 30 in New York. DAILY JOURNAL CORPORATION - Print Media - 915 E 1st St, Los Angeles, CA - Phone Number - Yelp Daily Journal Corporation 5 reviews Unclaimed Print Media Frequently Asked Questions about Daily Journal Corporation How is Daily Journal Corporation rated? 75% of the total holdings value. How can you not? Question: Can you share some parting thoughts with the viewers who are watching all around the world? And we probably have more of those shortcuts than others. Daily Journal Corporation Reports Earnings Results for the Full Year Ended September 30, 2022. But we cant. Always intelligent. I dont think we have any great gift at making macroeconomic predictions. Charlie Munger: Well, of course, if a person is a chronic drunk, we avoid him. Gerald Salzman: Charlie refers to the courts, many times. I think its much easier to find five than it is to find a hundred. He was a very smart man and he had a lot of good ideas. I think all of this activity is regrettable. MOI Global en Espaol. Previously, Buntain worked at The Carlyle Group, where he . About the awards. 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. In other words, when we shout our knowledge out, were really pounding it out. 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? He was a one party system but he could always be removed by the electorate. Matthew worked as a member of both the U.S. and U.K. offices, with expertise spanning from risk management to derivative processing. 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. So, you can understand why Warren got disenchanted with Wells Fargo. Question: You famously run investments through your mental checklist. You get crazy booms. We would all say that. This information can be used by investors to verify and understand the financial position of the company. And weve had marvelous people here to help us do it through very difficult times and one of them is Gerry Salzman. That happystat has more to do with their happiness and their outcomes in life. I do think that we dont know what these artificially low interest rates are going to do or how the economy is going to work in the future as governments print all this extra money. Voir plus Voir moins Financial Analyst PaineWebber, Inc - UBS fvr. How concerned is he about Chinese government interference as seen recently with Ant Financial, Alibaba, and Mr. Jack Ma. 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. Hell be able to do it. Youre better off concentrating your decision power on one person the way the Li Lu partnership does and then choose the right person. The Hamilton Live 600 14th Street NW The hydrocarbons are also needed as chemical feedstocks. What, for example, would you recommend as course materials? The agent name of this company is: GERALD L SALZMAN ,and company's status is listed as ACTIVE. and leadership at Berkshire Hathaway, Munger was . Many of our systems are in the cloud. Seneca Foods Reports Sales and Earnings for the Three Months Ended July 2, 2022 8/11/2022 4:10 PM. Can you speak to the causes, the trend, and make some predictions? There are these periods in capitalism. Charlie Munger: Well, commission-free trading is a very good candidate for that if you want to emphasize disgusting-wise. Once again, the wit and wisdom of Charlie Munger was on full display at the deceptively youthful age of 97! Zurich Project Podcast Quickly find out what the most recently closed or increased positions are. Its difficult, but its not impossible investing in bank stocks successfully. Investor Relations (IR) combines finance, communication, and marketing to effectively control the flow of information between a public company, its investors, and its stakeholders. 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. On December 18, 2020the record datethere were 1,380,746 shares of common stock of the company outstanding. Question: Previously, you have said; It takes character to sit with all that cash and do nothing. On Constellations trajectory as an HPC, the economics of a VMS, returns on capital, challenges in organic growth, the runway for M&A, the companys incentive system, and prospects for the use of FCF. He was old as I am. Question: Do you believe the market is going through a long-term value slump similar to 1999, or do you believe technology has caused a permanent change in how companies should be valued? And he was a great kidder. The number of people who ever got a chance to do it again is zero. In a recent regulatory filing, The Daily Journal ( DJCO -3.51%) disclosed that it had bought more shares of Chinese giant Alibaba ( BABA 2.46%) with its corporate cash. And if its unfixable, learn to live without it. Question: What have you done to live such a long life? Create your Watchlist to save your favorite quotes on Nasdaq.com. Theyve got a better reputation for providing value than practically anybody, including Amazon. All the buses. Question: I was wondering if you could share some thoughts on Haven, particularly why it was ultimately closed. And, of course, its regrettable. Considering their system, that is not what he should have been doing. He absolutely took over a malarial swamp and turned it into modern Singaporein his own lifetime. Tilly's, Inc. And what are the implications, since Treasury assets underpin the value of every other asset? Question: It seems like everyoneincluding actors, athletes, singers, and politiciansis getting into the business of promoting their own SPAC. Never before in the history of mankind have we seen such a rapid eradication of poverty, pulling approximately 800 million people out of destitution. BILLERICA, Mass., (BUSINESS WIRE) -- Bruker Corporation (Nasdaq: BRKR) announced today that Gerald Herman, Executive Vice President & CFO will present on. Quotemediais not affiliated with or approved by the U.S. Securities and Exchange Commission. Kipling once wrote a poem called The Women (The Ladies) and the concluding line was to the effect that you should learn about women from him instead of doing it yourself, because, he says, I know you wont follow my advice. I didnt get to where I am by going after mediocre opportunities. I call it deworsificationwhich I copied from somebody. Sure, we all love the kind of civilization we have. Were all pretty forgiving of ourselves too which is probably a good thing. The company's other titles include Daily Commerce, The Daily Recorder and the Inter-City Express . I think all good investing is value investing. In-person events hosted by MOI Global bring together inquisitive minds to explore ideas of consequence in investing, business, and life. He was always upbeat. Youd say that everybody does that in their education but I dont think everybody does. But, of course, if we got a chance to do it again, we would do it better. Chairmans Letter I dont think its easy for ordinary people to become great investors. Investor Relations & Corporate Communications 650-260-7120 ext. The disruption from the decline in newspapers has had a significant impact. It also serves as a newspaper representative specializing in public notice advertising. If you continue to use this site we will assume that you are happy with it. Washington State is actually considering a wealth tax at the state level. Under Nasdaq's Board Diversity Proposal, operating companies listed on Nasdaq's U.S. exchange, including Daily Journal Corporation (DJCO), are required to publicly disclose diversity statistics . The majority of the companies in the funds portfolio are large-cap stocks. Today, it hovers around 9500. Gerald Salzman: None. Bitcoin reminds me of what Oscar Wilde said about fox hunting. A lot of things are going to change. The Daily Journal shareholders will have to take whatever outcome comes from caring more about our customers than is at all common. Latticework New York And thats what we have going in the stock market in a frenzy thats fed by people who are getting commissions and other revenues out of this new bunch of gamblers. 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? Local Chapters What do you look for in a leader? Daily Journal Corp's portfolio is diversified across 3 sectors. Daily Journal Corp (DJCO) 10K Annual Reports & 10Q SEC Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. Daily Journal Corp's largest holding is Bank of America Corp. (North Carolina National Bank) with shares held of 2,300,000. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. This years annual report suggests that the traditional business has 97 full-time employees. Ive been around for a long time and my policy has always been to just write them out. Value investors know Warren Buffett's classic retort to efficient market theory, "The . Questions: Why are some people incapable of learning new ideas and behaviors? Were not enlarging it. Put me down as skeptical. I think theyre probably right, by the way. So its a very theoretical discussion. As we can see from the deteriorating U.S. relationship with China, the Western world does not understand China. Munger became Chairman (because he was an attorney). They wouldnt be a lot happier if they were richer or a lot less happy if theyd been poor. Question: In your past speeches, you have mentioned the term functional equivalent of embezzlement to describe situations where bubbles can form because both parties involved in a bubble believe the asset to be worth more than it truly is. And so I dont think its necessarily crazy that good companies sell at way higher multiples than they used to. Questions: Many major businesses and high net worth individuals have been leaving California. Click the button below to request a report when hardcopies become available. 1, 2023 By Tal Burnovski Yeyni A California court of appeal held it was not bound by SCOTUS' ruling. He was just so damn smart. And its a shame that the economics textbooks dont emphasize how much a growing economy needs poverty in order to get out of poverty. I cant help you. Charlie Munger: Robinhood trades are not free. 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? Whoever dreamed when I was young that Kodak and General Motors would go bankrupt. Theres a lot of competition and were a very small company compared to our main competitor. 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 recognized reality and worked way better than what other people were doing. Im way more comfortable owning two or three stocks which I think I know something about and where I think I have an advantage. How would they think about current opportunities with low rates and low inflation? Its like evolution in biology. Capitalism is almost as brutal as that. Astronics Corporation Announces Preliminary Sales for Fourth Quarter 2022 of $155 Million to $160 Million; Completes $205 Million Debt Refinancing Nov 15, 2022 4:05 pm EST Astronics Corporation Reports Third Quarter 2022 Financial Results Latest Presentation December 6, 2022 Truist Securities Industrials & Services Summit 2022 We are subject to the orders and directions of those counties which, before, really didnt impact anything. Their last reported 13F filing for Q4 2022 included $174,434,000 in managed 13F securities Seneca Foods' (NASDAQ:SENE.A) investors will be pleased with their notable 70% return over the last three years 10/18/2022 3:57 PM. One is a big interest in Li Lus China fund, which is a limited partnership, and the other is a Vanguard index fund. 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. But, of course, you should start out by studying the history of capitalism, how it worked, and why before you start studying business. Gerry, dont you think were doing pretty well? or to simply have an email sent to you whenever we receive a new The stock has gained so much this year and last year. He didnt know one damn thing about the Daily Journal when we made him head of it. 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? Ideaweek Podcast Im not saying I wanted to live in China. But, I hardly think the editorial quality could go way up when employees were going down. I recognized early that Gerry could run anything he wanted to run. Thats an interesting example of self-learning. Nobody was trying to make the rich richer. 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.