daily journal corporation investor relations

daily journal corporation investor relations53 days after your birthday enemy

daily journal corporation investor relations

Have you seen the television show Queens Gambit on Netflix? So, the people part has changed quite considerably being a small company. 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? It was an accident. 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. And if youre selling them gambling services where you make profits off of the top, like many of these new brokers who specialize in luring the amateurs in, I think its a dirty way to make money. So he married her. That recognized reality and worked way better than what other people were doing. 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 was a one party system but he could always be removed by the electorate. Question: What is the wisdom behind holding bank stocks compared to other stocks. Wheaton Precious Metals Corp. - Investors I think most people who are assuming tolerable success in life are about as happy as they were ordained to be. DAILY JOURNAL CORPORATION : Shareholders Board Members Managers and Charlie Munger: Were really old both of us. Tilly's, Inc. Charlie Munger: Well no, I dont think we have a bubble in Treasury securities. Gerald Salzman: Well, we dont think about mistakes. Its chairman is Steven Myhill-Jones. I think Im a little more lenient. 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 . With no analysts or investor relations department, few understand the transformation that has occurred. There are factories in China that are just absolutely full of robots and are working beautifully. Charlie Munger: Well, the people doing the computer software are doing magnificently wellthe people under Gerry: Maryjo and Danny. I think the world is gonna be quite different. You once said to study the life and work of Lee Kuan Yew. 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. Daily Commerce Will we have fewer gas stations or truck stops in the future? The Daily Journal Corporation is an American publishing and technology company with hidden assets and off-balance sheet value. I hope the newspaper survives too. LEARN MORE. We bought all these buildings cheaply. I own some apartment houses, so I like that investment, provided youve got a perfect management which is hard to get. While historically a legal newspaper publishing company, today DJCO operates a SaaS business model providing case management software to courts and government agencies around the U.S. and the world. Are they more stable? On the other hand, the buses in Los Angeles work on natural gas. And so I dont think its necessarily crazy that good companies sell at way higher multiples than they used to. 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. You can imagine its in a wonderful position and that excited the people in China which has its share of crazy speculators. Charlie Munger: You have to be optimistic about the competency of our technical civilization. We have different tax considerations. Charlie Munger: Yes, I think that is rising as we sit here. And theyre all dyingevery damn one of them almost. Charlie Munger: We will not be following Tesla into bitcoin. This information can be used by investors to verify and understand the financial position of the company. Is it Bitcoin, decentralized finance, or something else? 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. Industry Insights Summit For example, Coca-Cola in the past. Has the quality of the publication suffered as the employment levels have decreased? And if there is one thing the world could learn from Singapore, what would that be? If you take the last 100 years, 1922 to 2022, most of modernity came in in that 100 years. But he could play chess blindfolded at just below the Grandmaster level. New York, NY (March 25, 2021) - News Corp announced today it has agreed to acquire Investor's Business Daily from O'Neil Capital Management. If you were offered a fresh start today, what would you do differently in life and in investing? DAILY JOURNAL CORPORATION : Company profile, business summary, shareholders, managers, financial ratings, industry, sector and market information | Nasdaq: DJCO | Nasdaq Investor Overview | Graham Holdings Company DJCO | Daily Journal Corp. Financial Statements - WSJ I dont think it was a mistake to buy the Daily Journal when we did, paying the price we did. Could you give more examples both good and bad ones from your personal observations or through vicarious readings? I hope that that will continue in the future. The JTI software has been configured for other judicial and justice agencies, including district attorneys, prosecutors, public defenders, probation, etc. 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? I feel the same way about those choices. As a matter of fact, what happens is to make a nation rich, you need a free market system. And, of course, thats a very dangerous way to invest. Question: What books are you currently reading and what can you reccomend? But, no, I dont think Treasury securities are a big problem. He had a long and wonderful run. Commission-free trading is not free. Question: Mr. Munger recently raised the alarm about the level of money printing taking place. Daily Journal Corporation's ISS governance QualityScore as . In other words, I think the system of checks and balances and elections that our founders gave us actually gave us pretty much the right policies during my lifetime. The bad news is its not clear whos gonna win all the business or how much money is going to be made. And, I was not surprised when it blew up. How would you advise these institutions to manage their endowments over the coming decades? Thats the good news. I said to Rick, were going to make Gerry the head of the Daily Journal. We admire the company and like its position. Gerrys lived a long time too and I think we both have been lucky. Create Email Alert, ***Log In or 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. 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? Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. Copyright 2023 Surperformance. We are in fact being a more difficult type of software business than Microsoft. 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. Discover something new every day from News, Sports, Finance, Entertainment and more! Question: Your advice given on choosing a good spouse in Poor Charlies Almanac is terse. I do think banking run intelligently is a very good business. But you know, most people dont do that. 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. are based in the United States. Charlie Munger: Well, we dont really know where its all going. 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. Youve reached the limit of my circle of competence. Look around all this real estate. The Knowledge Moat: Keeping Competitors Out Through Ability, Constellation Software: Incentive Systems and Return Constraints. Implementation is expensed as provided, while the long-term recurring high-margin revenue is not yet included on the income statement. Transfer Agent | Shareholder Services | Investor Relations | Norfolk There are these periods in capitalism. Matthew Peterson is the Managing Partner of Peterson Capital Management, LLC. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. So, you have to be a little closer to the employees needs, desires, babysitting, and all those activities that were kind of taken for granted in the past. Its just not gonna work. Do you agree that there is a close parallel to the late 90s and that this, therefore, must end badly?. There are companies that Daily Journal Corp is getting rid of from its portfolio. 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. Charlie Munger: I have seen an episode or two of the Queens Gambit. If you dont spend the money, you and your heirs get to spend it eventually. What happens is that every human being tends to believe way more than he should in what hes worked hard to find out or where hes announced publicly that he already believes. and a top 10 holdings concentration of 100.0%. Membership Tour 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. Nobody should believe that Robinhoods trades are free. But I do think politics is getting more full of hatred and irrationality than it used to be in America and I dont think thats good. Furthermore, hed gone through the Great Depression. Charlie Munger: Gerry, whats the biggest mistake weve made? Investor Relations Daily Journal Corp DJCO Valuation Morningstar Rating | Rating as of Jan 26, 2023 Quote Chart Stock Analysis News Price vs Fair Value . 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. Daily Journal Corp (DJCO) 10K Annual Reports & 10Q SEC On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. So we have one basic system configured in a number of different ways, including workers comp for a large state in the United States. When I was young, I rezoned some properties very successfully. (Disclosure: the author has a position in the Daily Journal Corporation - a reliable sell indicator.) Because even as a boy, I knew a lot about who was sound who wasnt sound in Ohama. Relative to the number of outstanding shares of Bank Of America, Daily Journal Corp owns more than approximately 0.1% of the company. Charlie Munger: I cant think of a We paid high prices for some little companies in the course of trying to enter the court software business. According to the last 13-F report filed with the SEC, Tu To serves as the Chief Financial Officer at Daily Journal Corp. 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 . Could you please elaborate on the subject and could you consider giving a talk on this particular subject? Charlie Munger: Well, I never owned a share of General Electric because I didnt like the culture. One of the great advantages of the way Berkshire operates is that we associate with a lot of marvelous people. 2/24/23. What, for example, would you recommend as course materials? Through invitation-only events and member publications, MOI Global fosters a community of intelligent investors united by a passion for lifelong learning. Los Angeles, California 90012 . They just copied Adam Smith and left out the free speech and it worked fine for them. And yet he made a lot of mistakes in the course of living his life. And I dont know whether hes right or not. And interested and up to speed and didnt have to take a lot of time to get background information to make his comments. What do you make of these two pricings? Question: Which do you think is crazier? Its business model offers investors leverage to commodity prices and exploration upside but with a much lower risk profile than a traditional mining company. "While Kimberly was head of Investor relations . And there arent many people that can do that. And I think that that is inevitable because its difficult to be a good investor. Investors | Seneca Foods Generally speaking, people assume that were a normal software company like Microsoft or something. In 1978, the year Deng Xiaoping took over, it was 300. At about the same time, we bought a newspaper in Phoenix and that worked out extremely well. The MOI Global Editorial Team, led by John Mihaljevic, CFA, includes community builders, event organizers, writers, editors, research associates, security analysts, and fanatical member support advocates. This is cheap compared to Tesla currently valued at over 1100 times P/E and 24 times sales. Its difficult to break into the legal advertising system which supports so many newspapers, not only in California but elsewhere. What happened is that BYD is very well positioned for the transfer of Chinese automobile production from gasoline-driven cars to electricity-driven cars. Have you met Lee Kuan Yew in person? 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. I admire him that much. Delayed Nasdaq 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. Daily Journal Corporation Announces Financial Results for Fiscal Year ended September 30, 2022 LOS ANGELES, Dec. 16, 2022 (GLOBE NEWSWIRE) -- During fiscal 2022, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $54,009,000 as compared with $49,925,000 in the prior year. I knew a man once, Henry Singleton, who was not a chess champion. The meeting was held on February 24, 2021. Or, is it impossible to realize a deterioration quickly enough to exit without a loss? Daily Commerce. He was not a dictator. It also serves as a newspaper representative specializing in public notice advertising. And we immediately ascended, we put Gerry in, and hes made every decision wonderfully ever since. He took over a malarial swamp with no army, no nothing. In other words, when we shout our knowledge out, were really pounding it out. Question: Mr. Munger is a champion of Chinese stocks. Were all pretty forgiving of ourselves too which is probably a good thing. Do you think the Daily Journal would have hundreds of millions of marketable securities now if Gerry didnt know how to learn something new? Best Ideas Conference One is a big interest in Li Lus China fund, which is a limited partnership, and the other is a Vanguard index fund. 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. When you look at whats happened in California [in terms of] the price of real estate and rentals, weve reduced the number of offices we have both for Journal Technology and for the Daily Journal. First Merchants Corporation to Report Fourth Quarter 2022 Financial Results, Host Conference Call and Webcast. I think were into a lot less travel and a lot more Zooming. -, 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. And my advice would be if you have a fixable disadvantage, remove it. Members also enjoy preferential access to selected offline events as well as exclusive access to other events hosted by MOI Global, including the Zurich Project Summit, the Latticework Conference, and Ideaweek. What do you think the long-term consequences will be? Information and insights on key investors, paired with strategic outreach to help corporations capitalize on relationships. But theres also a large risk of losing it coming from within an organization. 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? 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! Previously, Buntain worked at The Carlyle Group, where he . 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. 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. Wide-Moat Investing Summit Charlie Munger's Daily Journal Corporation Is A Cohiba Cigar Butt It closed the year with cash flow reaching $7.1 billion . Charlie Munger: No, I would say that of course, theres some new material in misjudgment. Touch device users, explore by touch or with swipe gestures. We would all say that. So, you can understand why Warren got disenchanted with Wells Fargo. The majority of the companies in the funds portfolio are large-cap stocks. Question: How do you control your investments in a world where reasonable companies with a good image like General Electric sink rapidly into the bottomland of the stock market. What is Investor Relations? Issuer Direct Performance numbers calculated through 2023-02-14. Do you think this is a worthwhile policy objective given the effect it has on creating financial excesses and income inequality? He said it was the pursuit of the uneatable by the unspeakable. Who gets rich faster by class is going to vary over time and I dont think anybody should be too concerned by it. We have our crotchets and I just dont know enough about it to want to go into that activity. Question: You identified the opportunity in electrification and invested in BYD. and leadership at Berkshire Hathaway, Munger was . . The directors are Gerry Salzman, Peter Kaufman, Mary Conlin, Gary Wilcoxwhos retiring nowand myself. Thats the reason he rose so fast in life. Theyre in a place thats gotten more valuable. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. Thats what weve been doing throughout my whole lifetime. DAILY JOURNAL CORPORATION : Press releases | DJCO | US2339121046 Question: In 1999, the year the Daily Journal bought Sustain Technologies, the traditional business employed 355 full-time employees and 61 part-time employees. What, for example, is to stop the Chinese government from simply deciding one day to nationalize BYD? Good Earnings for Salesforce Might Give Activist Investors a Chill Pill With no analysts or investor relations department, few understand the transformation that has occurred. And, of course, its all worked. 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. It reminds me of the key phrase and Bunyans Pilgrims Progress in which he says: My sword I leave to him who can wear it. Charlie Munger: Well, I think all stocks can fluctuate. Many of our systems are in the cloud. Los . Of course, his son, who is a bright man, is now Prime Minister of Singapore. Of course, its hard to negotiate in such a field. Were beholden to the guidelines of the county of Los Angeles and other counties. DJCO - Daily Journal Corp Valuation - NASDAQ | Morningstar Their last reported 13F filing for Q4 2022 included $174,434,000 in managed 13F securities and a top 10 holdings concentration of 100.0%. Nasdaq provides companysSEC filings, which arefinancial statements andreports filed electronically with the U.S. Securities and Exchange Commission (SEC) byQuotemedia. So, its a serious problem. So, I dont think Bitcoin is going to end up as the medium of exchange for the world. And, pretty soon, he turned that into this gloriously prosperous place. And I was like Rip Van Winkle; when I tried to come back to it, I found that the world had changed. Question: Eugene Abegg seems like he was one of the best bankers of the last century, achieving both extremely low loan loss rates and earning around 2% on assets over a long time period. If you do that all the time; if youre looking for disconfirming evidence and putting yourself on a grill, thats a good way to help remove ignorance. The two most similar investment funds to Daily Journal Corp are Platform Technology Partners and Mtm Investment Management. Think of whats died in my lifetime. Seneca Foods Reports Sales and Earnings for the Three Months Ended July 2, 2022 8/11/2022 4:10 PM. We made the rich richer, not as a deliberate choice, but because it was an accidental byproduct of trying to save the whole civilization. Our 2023 Annual Meeting of Shareholders will be held on Thursday, May 4, 2023 at 8:30 a.m. #CharlieMunger #DailyJournalAnnualMeeting #BerkshireHathawayYahoo Finance is the exclusive live stream platform for the fully virtual Daily Journal ($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. Culture is very important. February 12, 2020 . Subscribe Columns Labor/Employment Viking River PAGA ruling has no clear destination for employers Mar. Of course, its going to be difficult. Im Charlie Munger, Chairman, and to my right is Jerry Salzman, CEO. Daily Journal Corporation Board Diversity Matrix Disclosure Nasdaq Requirement. Because of that fact, it's of the utmost importance for companies to maintain strong . So, of course, I admire him. 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. Latticework London I learned those tendencies well enough to synthesize it with the rest of knowledge. 75% of the total holdings value. We got a dividend of two and a half million shortly thereafter. And like last year, you will in this note find a full transcript of the entire meeting. [2]: Question: Youve said several times that the best way to learn about business is to study the multi-decade financial results of great companies. And, what about passive investing? Thats very, very important. 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 So far the evidence would be that maybe the monetary modern monetary theory is right. The Manual of Ideas Ideaweek St. Moritz 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. By the way, thats not the normal outcome in America. Members of MOI Global enjoy complimentary access to a growing array of resources and content related to the art of intelligent investing. The Hamilton Live 600 14th Street NW And I think both of us have done the same thing; we just suck it in and cope. I dont think that hydrocarbons are going. How concerned is he about Chinese government interference as seen recently with Ant Financial, Alibaba, and Mr. Jack Ma. 2023 Annual Meeting. Investor's Business Daily (IBD), which . Theres a lot of temptation to do dumb things which will make the earnings next quarter go up but are bad for the long term. But I do think having a whole system to sell hydrogen is difficult. These positions were updated on January 5th based on the funds latest 13F filing. 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. And thats very interesting. I would hate to compete with Sequoia in their field. I think civilization would do better without it. It just created the most unholy mess. 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. Rose Blumpkin had quite an effect on the Berkshire culture. It was a background that helped everybody. In the past few years, equity prices have increased significantly and cash has arguably become riskier due to central banking policy. 13F filing from DAILY JOURNAL CORP, enter your Could you share the secret to living a long, healthy, and happy life? Delayed Nasdaq What prevents the wide use of helpful psychological insight is the fact that psychology gets really useful when you integrate it with all other knowledge. Im not saying I wanted to live in China. Quickly find out what the most recently closed or increased positions are. Question: I was wondering if you could share some thoughts on Haven, particularly why it was ultimately closed. Charlie Munger: Thats too hard in general a question for me. I prefer the United States. Im afraid thats the way we all have to leave our swords. Question: It is estimated that the Gates Foundation has saved well over 100 million lives. That way, whatever happens, he feels smart. There are currently 4 companies in Mrs. Tos portfolio. I have a bust of Lee Kuan Yew in my house.