Touch device users, explore by touch or with swipe gestures. What do you look for in a leader? Everybodys got a different situation. [2]: Can you speak to the causes, the trend, and make some predictions? Its business model offers investors leverage to commodity prices and exploration upside but with a much lower risk profile than a traditional mining company. These actions have given some shareholders more visibility and comfort on their investment. I think management should tell it like it is at all times and not be a big promoter of its own stock. And, of course, thats a very dangerous way to invest. What could investors do to cope better with periodical frenzy? It sold the previously owned 9,745 shares for $357 thousand. Charlie Munger: I dont know anything about Haven. 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. These symbols will be available throughout the site during your session. Gerald Salzman: Well, we dont think about mistakes. Charlie Munger: Well, I hope we dont have fewer truck stocks because Berkshire Hathaway is deeply involved in truck stops. But, of course, you should start out by studying the history of capitalism, how it worked, and why before you start studying business. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Question: What have you done to live such a long life? Charlie Munger: Modern monetary theory means that people are less worried about an inflationary disaster like Weimar Germany from government printing of money and spending it. But, of course, if we got a chance to do it again, we would do it better. How are they similar or different? And if you stop to think about it, that is also true at the Daily Journal. On Tuesday, March 7, 2023 at 11:00 a.m. Eastern Time, Michael West, President of Moody's Investors Service, and Shivani Kak, Head of Investor Relations, will speak at the Raymond James . In 1978, the year Deng Xiaoping took over, it was 300. Los Angeles, California 90012 . What do you think we can do to help those who are currently falling behind as a result of this pandemic? 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. Theres a lot of competition and were a very small company compared to our main competitor. He was just so damn smart. for Q4 2022. So, of course, I admire him. He absolutely took over a malarial swamp and turned it into modern Singaporein his own lifetime. Can you provide similar insight regarding the future at the Daily Journal and would you consider implementing policies like those at Berkshire so shareholders can get to know the up-and-coming leaders in the organization? I expect that and I welcome it. Its doing a big public service. When I look at the modern Singapore health system, it costs 20% of what the American system costs. Computershare Investor Services 8742 Lucent Boulevard, Suite 225 Highlands Ranch, CO 80129 . And its rather interesting. Has there been anything that has surprised you, and what would be your best advice to someone starting a business now? I think the oil and gas industry will be here for a long, long time. 2/24/23. I wouldnt change my life all that well. It was an accident. That was a big error in judgment. Daily Journal Corp publishes newspapers and web sites covering California and Arizona and produces several specialized information services. Charlie Munger: Ben Franklin was one of the wisest men who ever lived. I do think that a properly run bank is a great contributor to civilization and that the central banks of the world like controlling their own banking system and their own money supplies. I dont think it was a mistake to buy the Daily Journal when we did, paying the price we did. So you now know what I do in charitable institutions. And that is why Costco presents some danger to Amazon. Thought Leader Series. The average market cap of the portfolio companies is close to $220 billion. Question: Has your opinion on cryptocurrencies remained the same? But theres also a large risk of losing it coming from within an organization. Thats been greatly curtailed. Everything you see is profit. Create Email Alert, ***Log In or Daily Journal Corp's portfolio is diversified across 3 sectors. Charlie Munger: Well, I do have a tip. Charlie Munger: Well, its most egregious in the momentum trading by novice investors lured in by new types of brokerage operations like Robinhood. But, of course, I think there will be more automation in transportation of all kinds in the future. Gerrys lived a long time too and I think we both have been lucky. Today, the majority of contractual revenue that can be identified is from implementations and licenses. Gerald Salzman: Charlie refers to the courts, many times. Latticework New York Think of whats died in my lifetime. And if you cant do that, youre not gonna win the great chess championships of the world and youre not gonna do as well in business as Henry Singleton did. On the payment ecosystem and its history, distributional strategies, the competitive positions of modern players like Stripe, Square, and Adyen, how Adyen is different from the two others, unified commerce, and a brief on the stock price. The bad news is its not clear whos gonna win all the business or how much money is going to be made. And, we are really interested in doing a good job in Australia, in California, and all the other places where people have trusted us. I dont even know how much more difficultor how much more dangerousit would be to deal with hydrogen than it is to deal with gasoline which is also a dangerous substance. Commission-free trading is not free. The one thing I will say is that a lot of the moats that looked impassable, people found a way to displace. Charlie Munger: Well, its natural for people to think their own civilization and their own nation are better than everybody else. The Daily Journal Corporation is an American publishing and technology company with hidden assets and off-balance sheet value. DAILY JOURNAL CORPORATION : Company profile, business summary, shareholders, managers, financial ratings, industry, sector and market information | Nasdaq: DJCO | Nasdaq We made the rich richer, not as a deliberate choice, but because it was an accidental byproduct of trying to save the whole civilization. You can hardly think of a decision that matters more to human felicity than who you marry. 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. Of course, we accomplished quite a bit working together. 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. Is it digital wallets like PayPal, Square, or Apple Pay? If you go to a little country like Estonia, the whole damn country is on the internet and its a very good idea. February 12, 2020 . No one knows for sure just how much government intervention is wise and at what point the government should stop intervening. Best Ideas Conference The Zurich Project containing a link to download the .zip file of the CSV file(s) you requested. I know Berkshire is a long-term owner and rarely sells securities of high-quality companies it owns in its portfolio simply because its overvalued. Could you give more examples both good and bad ones from your personal observations or through vicarious readings? Jeffrey Stacey, I enjoy it and others will also. I think I would have lived a long time if I had lived a different life. They just copied Adam Smith and left out the free speech and it worked fine for them. Charlie Munger: Well, it helps to be able to leave the IQ test early with the highest score. Who is MOI Global? Membership Tour I think some of these things are very difficult and I think, by and large, its a mistake to hire investment managementto hire armies of people to make conclusions. I do think that Im way less afraid of inequality than most people who are bleeding about it. I dont think I can teach you how to retroactively get a new accident yourself. And he was just so good. Question: We have a couple of questions about J.P. Rick Guerin. And interested and up to speed and didnt have to take a lot of time to get background information to make his comments. There arent that many people like Lee Kuan Yew that have ever lived. Question: You are one of the oldest and greatest thinkers of our time. Is it Bitcoin, decentralized finance, or something else? Relative to the number of outstanding shares of Bank Of America, Daily Journal Corp owns more than approximately 0.1% of the company. The editorial team seeks out thought-provoking insights and variant perspectives from across the membership network and beyond. Thats one you can easily arrange. Rick was part of the group which consisted of Warren Buffett, Rick Guerin, and Charlie Munger that bought control of Blue Chip Stamps when it was widely distributed in an anti-trust settlement. He was death on corruption which was a very good idea. It wasnt some malevolence of the rich that caused it. 264 Sara.Pellegrino@iovance.com. So we were like an undertaker who suddenly got prosperous in a plague year. CFO & Investor Relations Contact: 398.5k: N/A: 1962: Ms. Maryjoe Rodriguez: Pres: N/A: N/A: 1984: Ms. Michelle Stephens: Exec. Charlie Munger: I have seen an episode or two of the Queens Gambit. Is there any new material? As a matter of fact, what happens is to make a nation rich, you need a free market system. With no analysts or investor relations department, few understand the transformation that has occurred. And what are the implications, since Treasury assets underpin the value of every other asset? The second proposal is to ratify the appointment of our certified public accountant: Baker Tilly US, LLP. Charlie Munger: I dont have any wonderful new thoughts. Daily Journal Corp's largest holding is Bank of America Corp. (North Carolina National Bank) with shares held of 2,300,000. A lot of things are going to change. The best venture capital operation probably in the whole world is Sequoias and they are very good at this early stage investing. and leadership at Berkshire Hathaway, Munger was . Tilly's, Inc. to Report Fiscal 2022 Fourth Quarter Operating Results on March 9, 2023. We paid two and a half million for it. When I was young, I rezoned some properties very successfully. He was old as I am. A rich civilization can afford to do it if we absolutely have to. MUNCIE, Ind., Jan. 05, 2023 (GLOBE NEWSWIRE) -- First Merchants Corporation (Nasdaq:FRME) will report fourth quarter 2022 financial results on January 26, 2023. And I just think it was academically inconvenient for them. Or, is it impossible to realize a deterioration quickly enough to exit without a loss? Best Ideas Omaha How would they think about current opportunities with low rates and low inflation? And I think thats what shareholders do. You once said to study the life and work of Lee Kuan Yew. Whalewisdom has at least 38 13F filings, and 33 Form 4 filings. What can we do to increase knowledge, understanding, and appreciation of the Chinese civilization? 2/13/23. I knew a man once, Henry Singleton, who was not a chess champion. And I think that were crazy to allow it. Some people think that value investing is you chase companies that have a lot of cash and theyre in a lousy business or something. Type a symbol or company name. 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. 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. I dont know the answer. At this rate, hell likely (hopefully) reach the longevity of Irving Kahn. Its a very dishonorable low-grade way to talk. If you try and reduce the poverty too much, its counterproductive. Investor's Business Daily (IBD), which . Investor Relations Daily Journal Corp DJCO Valuation Morningstar Rating | Rating as of Jan 26, 2023 Quote Chart Stock Analysis News Price vs Fair Value . They had to because the traditional business newspaper business is shrinking. LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION. And, of course, its going to create trouble as it did. I dont think Im likely to have any new thoughts that are going to work miracles either. They really need the world to stay the way it is. Youre right. The most important decision in life to benefit those who are single, perhaps including some of your grandchildren and great-grandchildren. And if its unfixable, learn to live without it. 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. 50.0% of the portfolio companies See our Terms, Privacy Policy, and Disclaimer. Relative to the number of outstanding shares of Bank Of America, Daily Journal Corp owns more than approximately 0.1% of the company. PROXY STATEMENT. 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? 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. The hydrocarbons are also needed as chemical feedstocks. Im not saying that oil and gas is going to be a wonderful business but I dont think its going away. But you know, most people dont do that. I said to Rick, were going to make Gerry the head of the Daily Journal. Charlie Munger: Well thats an easy one. Theyre no longer using peasant girls to beat the brains out of our little shoe companies in America. Bill Gates has written a book on this subject recently in which he concludes that it would be expensive but it could be handled. What else can you do? Have you seen the television show Queens Gambit on Netflix? Tom Murphy used to say that his system of management was to delegate just short of total abdication. 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). In Singapore, you get a savings account the day youre born. But, I find that the old ways of doing things still work.
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