daily journal corporation investor relations

All the good things. Daily Journal Corps portfolio is diversified across 3 sectors. MUNCIE, Ind., Jan. 05, 2023 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq:FRME) will report fourth quarter 2022 financial results on January 26, 2023. On balance, we hold in certain of these position when, normally, we wouldnt buy a new position. And do you and Warren have any tricks or shortcuts to size people up quickly and accurately? 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. But theres also a large risk of losing it coming from within an organization. Chinese stocks are often sensitive to geopolitical events, and news that Biden and Xi will meet later this year could signal a thaw in relations between China and the U.S. Daily Journal Corporation Reports Quarterly Revenue $11.68 Mln Daily Journal Corporation says For Nine Months Ended June 30 Consolidated Revenues Of $35.7 mln Versus $30.6 . Relative to the number of outstanding shares of Bank Of America, Daily Journal Corp owns more than approximately 0.1% of the company. Ive been pretty quiet. I think its just to some extent you either have it or you dont. Charlie Munger: I think Ive learned to avoid zoning work. Florida would have a really serious problem. 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. Could you give more examples both good and bad ones from your personal observations or through vicarious readings? And so, the stock went way up. Asian Investing Summit 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. Who is MOI Global? Member-Only Podcasts . Theres hardly anything he touched he didnt improve. Its like evolution in biology. 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. All rights reserved. Question: Do you believe global warming is an existential threat to humankind? And, of course, when things get extreme you have things like that short squeeze. The Knowledge Moat: Keeping Competitors Out Through Ability, Constellation Software: Incentive Systems and Return Constraints. If you continue to use this site we will assume that you are happy with it. My guess is we have suffered some editorial quality. A single vial can cost upwards of $300, meaning a monthly cost of $1,000. Do you think the Daily Journal would have hundreds of millions of marketable securities now if Gerry didnt know how to learn something new? But show me a psychology department that knows how to do that. DAILY JOURNAL CORP MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION ANDRESU.. Daily Journal Corporation Announces Financial Resultsfor the Three Months ended Decemb.. DAILY JOURNAL CORP Management's Discussion and Analysis of Financial Condition and Res.. Daily Journal Corporation Announces Financial Results for Fiscal Year ended September 3.. Daily Journal Corp : Change in Directors or Principal Officers (form 8-K). 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. He doesnt mind at all not getting credit for his charitable donations. Performance numbers calculated through 2023-02-14. Tilly's, Inc. Charlie Munger: Robinhood trades are not free. DAILY JOURNAL CORP Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-K) AQ. Well, I dont think the quality of publishing public notice advertising has gone down. Advisory, processing and support for complex transactions, including M&As, IPOs and stock splits. In other words, its your money. Thats the good news. Has the quality of the publication suffered as the employment levels have decreased? The first order of business is to reelect the four directors and the votes are as follows: Charles Munger, 679,481, Gerald Salzman, 660,287, Peter Kaufman, 593,336, Mary Conlon, 651,493. I regard this as insanity. Theyre no longer using peasant girls to beat the brains out of our little shoe companies in America. But, of course, its a very difficult field. But, I find that the old ways of doing things still work. When I look at the modern Singapore health system, it costs 20% of what the American system costs. Gerry, dont you think were doing pretty well? , whose value grew 4.2% in the past six months, Us Bancorp worth $6.11 million, with 140,000 shares owned, Town & Country Bank & Trust Co Dba First Bankers Trust Co, Stocks and cryptocurrency portfolio tracker. By the way, thats not the normal outcome in America. Subscribe Columns Labor/Employment Viking River PAGA ruling has no clear destination for employers Mar. This is a highly desirable thing. It also serves as a newspaper representative specializing in public notice advertising. I prefer the United States. The decision was. We were together in that for a long, long time, and then Rick and I did the Daily Journal together on another occasion. Its too volatile to serve well as a medium of exchange. In other words, to some extent, its a self-correcting system. They really need the world to stay the way it is. And what he does is he sells about half of them always. Apartments have come through better. I admire him that much. All text and design is copyright 2020 WhaleWisdom.com. Members enjoy a steady stream of exclusive wisdom and insights from the leading minds in the field of investment management. 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. Theres a lot of competition and were a very small company compared to our main competitor. LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION. Question: Do you think its best to invest in the common stocks of businesses early or while they are more nascent and the industry is smaller, or wait until they are the clear winner of a more mature industry? 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. He had excellent judgment. CI. At about the same time, we bought a newspaper in Phoenix and that worked out extremely well. Question: Does management, in your opinion, have a moral responsibility to have their shares trade as close to fair value as possible? Daily Journal Corporation was incorporated in 1987 and is based in Los Angeles, California. So, I dont think Bitcoin is going to end up as the medium of exchange for the world. Tilly's, Inc. To the extent that my thoughts have helped my life, I think Ive pretty well run the course. 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. They lose their money fast enough. Charlie Munger: Well, its natural for people to think their own civilization and their own nation are better than everybody else. They wouldnt be a lot happier if they were richer or a lot less happy if theyd been poor. 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. Alt Turnover is calculated by taking either the total MV of new purchases or Question: Do you think value investing is still relevant in a GDP-decreasing world? Some people think that value investing is you chase companies that have a lot of cash and theyre in a lousy business or something. It was a background that helped everybody. Generally speaking, people assume that were a normal software company like Microsoft or something. It sold the previously owned 9,745 shares for $357 thousand. We got a dividend of two and a half million shortly thereafter. Can you speak to the causes, the trend, and make some predictions? That is true and makes sense. I expect less out of bankers than he does. Youve even said business schools that dont adopt this method are doing their students a disservice. When you get into these hard questions, theres a lot of very intelligent honorable people who reach opposite conclusions. Im just trying to get a feel for what the long-term capital allocation is. I think the oil and gas industry will be here for a long, long time. 2022 Junto Investments, all rights reserved. Its one of the most ignorant professions in the world. 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. Thats entirely due to the practical talent of Lee Kuan Yew. I think most people who are assuming tolerable success in life are about as happy as they were ordained to be. 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. Question: Its been a year since the coronavirus pandemic came to the U.S. What have you all learned about running a business in the past year? CFO & Investor Relations Contact: 398.5k: N/A: 1962: Ms. Maryjoe Rodriguez: Pres: N/A: N/A: 1984: Ms. Michelle Stephens: Exec. In recent years, The Manual of Ideas has expanded to become more than simply the very best investing newsletter on the planet (Mohnish Pabrai). We are very excited to look forward to enabling the courts to function as we know that they want to and will in the future. Charlie Munger: Its quite importantpart of the success of a company like Costco. I think the Chinese were very smart. Question: Mr. Munger is a champion of Chinese stocks. The high margin, profitable and rapidly growing digital first financial news and research business will be operated by Dow Jones, a News Corp subsidiary. the MV of securities sold, whichever is less, If anybody can fix it, he can. -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 . February 26, 2021 / Richard Lewis / 6 Comments. I didnt get to where I am by going after mediocre opportunities. 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 recommend that other people follow my example. The Daily Journal shareholders will have to take whatever outcome comes from caring more about our customers than is at all common. Just time after time, he would choose the right system. Question: If you had a chance to make an addition or revision to Poor Charlies Almanac, what would that be? Question: You have revised your famous talk on the standard causes of human misjudgment with considerable new material back in 2005. DAILY JOURNAL CORPORATION : Company profile, business summary, shareholders, managers, financial ratings, industry, sector and market information | Nasdaq: DJCO | Nasdaq There are these periods in capitalism. Previously, Buntain worked at The Carlyle Group, where he . Matthew has over a decade of experience with global financial services firms including Goldman Sachs, Morgan Stanley, Merrill Lynch, American Express, and Ameriprise Financial. In addition, the fund holds 1,591,800 shares of Wells Fargo & Co worth $65.7 million, whose value grew 4.2% in the past six months. We love it anyway. The average market cap of the portfolio companies is close to $220 billion. 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. Im satisfied with the way things have worked out and Im not gnashing my teeth when other people are doing better. 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. The Frankfurt Conversation, I got more out of Ideaweek than any investing-related event Ive been to since 1986. Peter Leacock, Senior Portfolio Manager, CIBC Wood Gundy. I call it deworsificationwhich I copied from somebody. Its chairman is Steven Myhill-Jones. And I think the world would be better off without them. And, he was very good company and a splendid gentleman. And, I was not surprised when it blew up. Charlie Munger: Well, I dont think its required that we be exactly the same on everything. I would imagine that applies to the broad market too. Daily Journal Corp is an investment fund managing more than $174 million ran by Tu To. He was very courageous and generous in helping everybody around him all his life. Corporate Actions Services. They had to because the traditional business newspaper business is shrinking. He had a long and wonderful run. And, I was always aware of that and so Ive accepted these damned annual meetings. 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? And why did you feel that Amazon had more to fear from Costco than Costco had to fear from Amazon? Question: Why, almost two years ago, did you believe that Costco was the only U.S. stock worth buying? Ideaweek St. Moritz Question: Has your opinion on cryptocurrencies remained the same? Charlie Munger: Well, Im constantly making mistakes where I can, in retrospect, realize that I should have decided differently. Thats what weve been doing throughout my whole lifetime. 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. Daily Journal Corp is based out of Los Angeles. Thats the reason he rose so fast in life. You can argue that I got close to Sequoia when with Li Lu we bought into BYD. Question: What advice would you give to someone who is trying to stay within their circle of competence but finding that the pace of technical technological innovation is rapidly reducing that circle? And I applaud the result. Daily Journal Corp's largest holding is Bank of America Corp. (North Carolina National Bank) with shares held of 2,300,000. Copy and paste multiple symbols separated by spaces. He was that smart. Local Chapters Is it Bitcoin, decentralized finance, or something else? Charlie Munger: I think Ill skip that one. 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. Buffetts donations to the foundation have obviously helped to save many millions. I hope the newspaper survives too. And, of course, its all worked. LOS ANGELES, CA How do I update this listing? That thing circulates. This years annual report suggests that the traditional business has 97 full-time employees. The company's other titles include Daily Commerce, The Daily Recorder and the Inter-City Express . 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. Questions: Why are some people incapable of learning new ideas and behaviors? Copyright 2023 Surperformance. 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. And interested and up to speed and didnt have to take a lot of time to get background information to make his comments. BYD stock did nothing for the first five years we held it. I learned those tendencies well enough to synthesize it with the rest of knowledge. Question: Eugene Abegg seems like he was one of the best bankers of the last century, achieving both extremely low loan loss rates and earning around 2% on assets over a long time period. And if there is one thing the world could learn from Singapore, what would that be? Intellectual Property As a matter of fact, it will be here for a long, long time if we stop using many hydrocarbons in transportation. Question: [The questioner] quotes a commencement address you gave in 2007 at USC Law School. Question: Is the oil and gas industry the new newspapers? BILLERICA, Mass., (BUSINESS WIRE) -- Bruker Corporation (Nasdaq: BRKR) announced today that Gerald Herman, Executive Vice President & CFO will present on. He was a very smart man and he had a lot of good ideas. 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. Washington State is actually considering a wealth tax at the state level. Delayed Nasdaq So it gets very dangerous. We expect many of our employees to always be at client court offices because we work with them very closely to make sure they get what they need. What would be a mistake at the Daily Journal which we can all learn from? His method for doing it was so simple. Nobody else has ever taken a big country out of poverty so fast and so on. I think that the methods that Ive used including the checklists are the correct methods and Im grateful that I found them as early as I did and that the methods have worked as well as they have. And it was probably wise that we acted exactly as we did. And I think thats what shareholders do. I was good at having low expectations and that helped me. It just created the most unholy mess. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. 1, 2023 By Tal Burnovski Yeyni A California court of appeal held it was not bound by SCOTUS' ruling. But, I hardly think the editorial quality could go way up when employees were going down. Question: Last February, you spoke about the wretched excess in the financial system. The Daily Journal Corporation has been publicly traded since 1987 on the NASDAQ under DJCO. Are they more stable? Question: What is the wisdom behind holding bank stocks compared to other stocks. Munger and Salzman will take shareholder questions from CNBCs Becky Quick.Don't Miss: Valley of Hype: The Culture That Built Elizabeth HolmesWATCH HERE:https://youtu.be/Sb179GLPNYEWatch the 2021 Berkshire Hathaway Annual Shareholders Meeting on YouTube:https://youtu.be/gx-OzwHpM9kSubscribe to Yahoo Finance: https://yhoo.it/2fGu5BbAbout Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. There are factories in China that are just absolutely full of robots and are working beautifully. You have said that the single best way is to deserve a good spouse because a good spouse is by definition not nuts. And he was a great kidder. When I saw that psychology was necessary and I didnt have it, I didnt just learn the little tendencies well enough to get As in psychology. Latticework Podcast Im not trying to move mountains. Charlie Munger: I dont think you can make that a moral responsibility. Where does it appear most egregious? Question: With all the work from home with Zoom and other technology, what do you think the future of commercial real estate looks like? Ive seen the whole bus system shift from gasoline or diesel to gas and so it obviously isnt impossible, but youd have to create a whole new system of supply for it. I think any intelligent person can get to be pretty good as an investor and avoid certain obvious traps. 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. How concerned is he about Chinese government interference as seen recently with Ant Financial, Alibaba, and Mr. Jack Ma. Commission-free trading is not free. The best venture capital operation probably in the whole world is Sequoias and they are very good at this early stage investing. So, no I dont think its the responsibility of management to assure where the stock sells. Charlie Munger: Well, that is easy. I do think the present CEO is an extraordinarily able man and the directors made a very wise choice when they put him in charge. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. Its been amazing that one little company starting up not that many decades ago could become as big as Costco did as fast as Costco did. Find the latest Daily Journal Corporation (DJCO) stock quote, history, news and other vital information to help you with your stock trading and investing. Implementation is expensed as provided, while the long-term recurring high-margin revenue is not yet included on the income statement. I recognized early that Gerry could run anything he wanted to run. February 12, 2020 . If so, how do you think society should address it, especially because poor countries require much more cheap energy to reduce poverty? What happened is that BYD is very well positioned for the transfer of Chinese automobile production from gasoline-driven cars to electricity-driven cars. I tend to avoid the ones which Im not good at and Im not good at a lot of different problems. And we immediately ascended, we put Gerry in, and hes made every decision wonderfully ever since. He was fun to be with because he was always jumping out of airplanes and parachutes and running marathons and so on, doing all kinds of things I would never consider doing. The number of people who ever got a chance to do it again is zero. USD. or to simply have an email sent to you whenever we receive a new I said it wont matter. But everybody cant be better than everybody else. and a top 10 holdings concentration of 100.0%. Its really kind of an artificial substitute for gold, and since I never buy any gold, I never buy any Bitcoin. And the next time around the poor will get richer faster than the rich. But its hard for anybody. It also serves as a newspaper representative specializing in public notice advertising. This information can be used by investors to verify and understand the financial position of the company. 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? He was just so damn smart. I knew a man once, Henry Singleton, who was not a chess champion. Of course, that will still work. Industry Insights Summit And, what about passive investing? Do you think this is a worthwhile policy objective given the effect it has on creating financial excesses and income inequality? Question: You are one of the oldest and greatest thinkers of our time. 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. I think this kind of crazy speculation in enterprises not even found or picked out yet is a sign of an irritating bubble. Rick was always humorous. 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. Larry Summers has recently been quoted as being worried that were having too much stimulus. 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. What are the psychological implications of this type of market behavior? 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. Transcribed image text: Auditor Changes at Daily Journal Corporation Charlie Munger is vice chairman of Berkshire Hathaway Inc. and is informally known as Wa ren Buffetr's "right arm. That approach will never go out of style. Rose Blumpkin had quite an effect on the Berkshire culture. That doesnt happen. In other words, when we shout our knowledge out, were really pounding it out. She created a business with like 500 depression dollars that became a huge business. If you have unrealistic expectations, youre going to be miserable all your life. Charlie Munger: Its partly culture but a lot of it is just born in and its a quirk. There are companies that Daily Journal Corp is getting rid of from its portfolio. It was an accident. In the past few years, equity prices have increased significantly and cash has arguably become riskier due to central banking policy. I think that would be insanity. 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? 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. I have a bust of Lee Kuan Yew in my house. 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: I dont think I use much physics in solving my investment problems but it occasionally helps me. Daily Journal Corporation offers legal software and services to US courts and other justice agencies, including browser-based case processing systems (eCourt, eProsecutor, eDefender, and eProbation) and electronic filing and payment tools (eFile, ePayIt). Thats our system. The death tax in China is zero. He cared terribly about not making bad loans or incurring dumb expenses. $174 million and $174 million respectively. If you go to a little country like Estonia, the whole damn country is on the internet and its a very good idea. 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. 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 info@issuerdirect.com Communicated daily with internal traders and sales force, plus marketed globally to Buy-Side clients . Of course, that made him very leery of dumb loans. Youve reached the limit of my circle of competence. Charlie Munger: Well, of course, if they bring in a brand new technology you dont understand at all, youre at something of a disadvantage. 75% of the total holdings value. Its such a simple idea. I think I would have lived a long time if I had lived a different life. So, its a very interesting competitive field. At the age of 97, Charlie Munger wasnot surprisinglysharp as a tack. He lived in a particular town. PROXY STATEMENT. The most important decision in life to benefit those who are single, perhaps including some of your grandchildren and great-grandchildren. Daily Journal Corporation Board Diversity Matrix Disclosure Nasdaq Requirement. Of course, its hard to know what the future holds when in a complex system where you cant predict a lot of things. Meet-the-Author Summer Forum Im Charlie Munger, Chairman, and to my right is Jerry Salzman, CEO. Thats a really good rule. . Ratios & Margins Daily Journal Corp. All values updated annually at fiscal year end Valuation P/E Ratio (TTM) - P/E Ratio (including extraordinary items) - Price to Sales Ratio 6.55 Price to Book. Considering their system, that is not what he should have been doing. The Corporation will host a fourth quar.

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