Question: Last February, you spoke about the wretched excess in the financial system. At this rate, hell likely (hopefully) reach the longevity of Irving Kahn. Investor Relations & Corporate Communications 650-260-7120 ext. They had to because the traditional business newspaper business is shrinking. Voir plus Voir moins Financial Analyst PaineWebber, Inc - UBS fvr. Tom Gayner, Adds value to my research process. The original newspaper, The Daily Court Journal (Los Angeles), began publication in 1888. The average salary for Investor Relations Director at companies like DAILY JOURNAL CORP in the United States is $173,091 as of November 23, 2022, but the range typically falls between $149,030 and $199,970. He lived in a particular town. Charlie Munger: Well, Im constantly making mistakes where I can, in retrospect, realize that I should have decided differently. Have you met Lee Kuan Yew in person? SEC form, multiple filers or classes of filers, and much more.***. Charlie Munger: Well, I cant top Lee Kuan Yews example. So, the shareholders have been lucky to have somebody like Gerry here who could learn what he didnt know and fix it. 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. He said it was the pursuit of the uneatable by the unspeakable. 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. On the other hand, we have a fair amount of time to do it. Charlie Munger: I think I had the right temperament. He really knew everything you had to do to avoid credit losses in a small town in Illinois. The Corporation will host a fourth quar. Do you agree with the premise and if so how would you address inequality? Thats what the communists are doing. The company's other titles include Daily Commerce, The Daily Recorder and the Inter-City Express . Im afraid thats the way we all have to leave our swords. But theres no rule that life has to be easy on the mental side. He was that smart. Its a funny way to make money. So, its a very interesting competitive field. Question: What do you hope the future of the Daily Journal Corporation looks like in a decade? Its business model offers investors leverage to commodity prices and exploration upside but with a much lower risk profile than a traditional mining company. Prior to forming Peterson Capital Management, LLC and launching Peterson Investment Fund I, LP, Matthew split time between Wall Street and London as Capital Markets Manager in the Financial Services Vertical at Diamond Management and Technology Consultants. 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. In 1860, GDP per capita in China was 600. Always on point. Nothing is particularly obvious for everybody to do the same thing. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. Imagine a bunch of Chinese communists turning a whole lot of Chinese and the billionaires in a big hurry. 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. 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. Daily Journal Corps portfolio is diversified across 3 sectors. Quickly find out what the most recently closed or increased positions are. Theres an old German proverb Ive always liked. In his early education, he was the second-ranked student in the school. Eli Lilly's press statement said it's slashing prices to make insulin more accessible, and then flipped the onus onto . Were beholden to the guidelines of the county of Los Angeles and other counties. The IR Magazine Awards - US 2023 will take place on Thursday, March 30 in New York. the MV of securities sold, whichever is less, Contact the transfer agent for answers concerning the subjects below: Dividend reinvestment plan Lost or stolen certificates Stock transfer requirements American Stock Transfer & Trust Company, LLC 1-877-864-4750 Email: info@astfinancial.com Web site: www.astfinancial.com Some people have a natural trend toward good judgment, and with other people, their life is just a series of mistakes over and over again. Contact. You can hardly think of anything more important in life than being reliable for the people who trust you. DATAROMA Superinvestors Portfolio Holdings Charlie Munger - Daily Journal Corp. Period: Q4 2022 Portfolio date: 31 Dec 2022 No. Question: Which do you think is crazier? About the awards. What do you think we can do to help those who are currently falling behind as a result of this pandemic? Question: What have you done to live such a long life? Would you mind elaborating on how a professor or individual should go about building a curriculum around this approach? I dont think Gerry is surprised that the people doing the workMaryjo and Dannyare doing well. All-Time Favorites But I dont think everybody can be a great investor or a great chess player. Charlie Munger: Well, I have the same difficulty that Samuel Johnson once had when he got a similar question. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.To learn more about Yahoo Finance Plus please visit: https://yhoo.it/33jXYBpConnect with Yahoo Finance:Get the latest news: https://yhoo.it/2fGu5BbFind Yahoo Finance on Facebook: http://bit.ly/2A9u5ZqFollow Yahoo Finance on Twitter: http://bit.ly/2LMgloPFollow Yahoo Finance on Instagram: http://bit.ly/2LOpNYzFollow Cashay.comFollow Yahoo Finance Premium on Twitter: https://bit.ly/3hhcnmV Have you seen the television show Queens Gambit on Netflix? Charlie Munger: No, I would say that of course, theres some new material in misjudgment. Nasdaq provides companysSEC filings, which arefinancial statements andreports filed electronically with the U.S. Securities and Exchange Commission (SEC) byQuotemedia. 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. But the accountants are duly elected. If the seas were to rise 60 feet, which could happen in another 100 years or so, wed have to build enormous barriers to sea entry. 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. At times in my life, I have put myself to a standard that I think has helped me: I think Im not really equipped to comment on this subject until I can state the arguments against my conclusion better than the people on the other side. So far the evidence would be that maybe the monetary modern monetary theory is right. And since we are on the subject of selling potentially overvalued security, could you provide your systems for selling securities? Question: You and Warren have been adept at quickly sizing people up, particularly business leaders and potential business partners. Charlie Munger: Well, I dont know how well the economys doing to work in the future. Charlie Munger: Im sure some are, but, by and large, thats not what Warren is known for. Chairmans Letter So, you can understand why Warren got disenchanted with Wells Fargo. 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? As a matter of fact, what happens is to make a nation rich, you need a free market system. 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 -, 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. Do you think this is a worthwhile policy objective given the effect it has on creating financial excesses and income inequality? Daily Journal Corp's portfolio is diversified across 3 sectors. There are currently 4 companies in Mrs. Tos portfolio. The only opinion I have there is that I dont think anybody knows whats going to happen for sure. Of course, its hard to negotiate in such a field. Just think of the things that were once prosperous that are now in failure or gone. Just time after time, he would choose the right system. 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. But, of course, its a very difficult field. So human greed and the aggression of the brokerage community create these bubbles from time to time. Rick was always humorous. I think its much easier to find five than it is to find a hundred. Copyright 2023 Surperformance. 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? Charlie Munger: I think Ive learned to avoid zoning work. The jurisdiction for this foreign stock company is SOUTH CaliforniaROLINA. We miss Rick terribly. If you dont spend the money, you and your heirs get to spend it eventually. DAILY JOURNAL CORP Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-K) AQ. But they dont teach that in the psychology department because the academic system rewards little experiments that develop more insight into psychological tendencies instead of synthesizing whats already been discovered with the rest of knowledge. Our 2023 Annual Meeting of Shareholders will be held on Thursday, May 4, 2023 at 8:30 a.m. Once again, the wit and wisdom of Charlie Munger was on full display at the deceptively youthful age of 97! BYD sells at nearly 200 P/E. [The questioner] would like to know what Charlies method of learning is. Podcasts enable members to enjoy content in a convenient format. A lot of the good rules of life are like that. Theres hardly anything he touched he didnt improve. Is there any new material? The Daily Journal Corporation has been publicly traded since 1987 on the NASDAQ under DJCO. Delayed Nasdaq 306.00. When the pandemic is over, I dont think were going back to just the way things were. Create your Watchlist to save your favorite quotes on Nasdaq.com. Absolute insanity. And, I think that could happen, but, of course, thats not a sure thing. Trending Stocks. And so I dont think its necessarily crazy that good companies sell at way higher multiples than they used to. Stocks with a size of more than $10 billion in market cap make up Currently, their heaviest sector is Finance making up 81.3% of the total portfolio value. How can you not? Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. If so, how do you think society should address it, especially because poor countries require much more cheap energy to reduce poverty? And, of course, its regrettable. And, what about passive investing? 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. A lot of the old moats are going away, and, of course, people are creating new moats all the time. The company operates in two segments: Traditional business and Journal Technologies. And it has saved Los Angeles a fortune because gas is so much cheaper than gasoline. Through invitation-only events and member publications, MOI Global fosters a community of intelligent investors united by a passion for lifelong learning. I dont think it was a mistake to buy the Daily Journal when we did, paying the price we did. Charlie Munger: I think any rich nation ought to have a social safety net that expands a little with its wealth. If you were offered a fresh start today, what would you do differently in life and in investing? So, its a serious problem. Today, the majority of contractual revenue that can be identified is from implementations and licenses. As a matter of fact, it will be here for a long, long time if we stop using many hydrocarbons in transportation. 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. I dont think its like the newspaper business. Currently, Daily Journal Corp's portfolio is worth at least $174 million. But, of course, if we got a chance to do it again, we would do it better. They do way more good than harm. And I dont think youll find me engaged in the massive rezonings in the future. That makes the whole thing very awkward. Some people think that value investing is you chase companies that have a lot of cash and theyre in a lousy business or something.
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