daily journal corporation investor relations
The company operates in two segments: Traditional business and Journal Technologies. I think civilization would do better without it. But, but by and large, most of the knowledge has been available for a long time. Get the latest articles and insights directly to your email inbox. I think this kind of crazy speculation in enterprises not even found or picked out yet is a sign of an irritating bubble. So, I think you can count on the fact that what were doing is going to be a big growing field. 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 . We are subject to the orders and directions of those counties which, before, really didnt impact anything. The Daily Journal is a legal publisher in Los Angeles, spun out in 1986 as a public company from a closed-end fund Munger and Guerin owned. I was good at having low expectations and that helped me. Charlie Munger: Its quite importantpart of the success of a company like Costco. Question: What is the biggest lie currently being perpetuated by the investment complex? And I think, by and large, we made the most practical decisions that were available to us. Member of equity research team highly ranked by Institutional Investor and The Wall Street Journal. But he previously worked for Rick Guerin and me in running a little mutual fund that we bought control of. CFO & Investor Relations Contact: 398.5k: N/A: 1962: Ms. Maryjoe Rodriguez: Pres: N/A: N/A: 1984: Ms. Michelle Stephens: Exec. 13F filing from DAILY JOURNAL CORP, enter your Question: What books are you currently reading and what can you reccomend? When you pay for order flow, youre probably charging your customers more and pretending to be free. It was a background that helped everybody. Daily Journal Corporation ( NASDAQ: DJCO) is a business and legal news and advertising editorial in California. The two most similar investment funds to Daily Journal Corp are Platform Technology Partners and Mtm Investment Management. Thought Leader Series. No one knows for sure just how much government intervention is wise and at what point the government should stop intervening. 2023, Nasdaq, Inc. All Rights Reserved. What do you think we can do to help those who are currently falling behind as a result of this pandemic? 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. , 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. 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. 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. However, could you be more specific? As we can see from the deteriorating U.S. relationship with China, the Western world does not understand China. I dont think Im likely to have any new thoughts that are going to work miracles either. Daily Journal Corp is an investment fund managing more than $174 million ran by Tu To. Daily Journal Corporation was incorporated in 1987 and is based in Los Angeles, California. And we immediately ascended, we put Gerry in, and hes made every decision wonderfully ever since. Jeffrey Stacey, I enjoy it and others will also. Because of that fact, it's of the utmost importance for companies to maintain strong . I think were into a lot less travel and a lot more Zooming. Question: The highly configurable JTI product may help e-suites integrate deeply into new jurisdictions as agencies and citizens become familiar with the courthouse software. And its really stupid to have a culture that encourages as much gambling in stocks by people who have the mindset of race track betters. There are currently 4 companies in Mrs. Tos portfolio. What is interesting is that in wealth management, a lot of people think that if they have a hundred stocks theyre investing more professionally than they are if they have four or five. I think most people are born with a happystat. And in biology, what happens is the individuals all die, and eventually, so do all the species. The disruption from the decline in newspapers has had a significant impact. Charlie Munger: 2021 Daily Journal Annual Meeting Transcript. Daily Journal Corp's portfolio is diversified across 3 sectors. What, for example, would you recommend as course materials? If you try and reduce the poverty too much, its counterproductive. He lived in a particular town. Now, it sounds like anybody would know that made sense. But he could play chess blindfolded at just below the Grandmaster level. Gerry has done magnificently well. Charlie Munger: Thats too hard in general a question for me. On the other hand, the buses in Los Angeles work on natural gas. BILLERICA, Mass., (BUSINESS WIRE) -- Bruker Corporation (Nasdaq: BRKR) announced today that Gerald Herman, Executive Vice President & CFO will present on. And you mentioned technologythats very, very important. Code of Business Conduct and Ethics; Whistle Blower Policy; Shareholder Rights Agreement Annual Meeting of Stockholders Date: June 13, 2022 Time: 10:00 a.m. EDT Location: Hilton McLean Tysons Corner And were gonna play that as hard as we can. Its doing a big public service. What else can you do? That turned out to be a wonderful idea and thats one of the reasons we made all this money. The psychology professors dont know all that much about the rest of knowledge and they have no incentive to master it. And he said; I cant decide the order of presidency between a flee and a louse. We have our crotchets and I just dont know enough about it to want to go into that activity. 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. Charlie Munger: Well, thats a very good question. I recognized early that Gerry could run anything he wanted to run. Gerry and I have been together, how many years Gerry? 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. He cared terribly about not making bad loans or incurring dumb expenses. Question: Why is Berkshire Hathaway selling shares of Wells Fargo as quickly as one can and the Daily Journal has sold one share? 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. A lot of things are going to change. The Knowledge Moat: Keeping Competitors Out Through Ability, Constellation Software: Incentive Systems and Return Constraints. Look around all this real estate. Im way more comfortable owning two or three stocks which I think I know something about and where I think I have an advantage. MOI Global en Espaol. Its hard to run a bank intelligently. Nobody else has ever taken a big country out of poverty so fast and so on. 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 Has the quality of the publication suffered as the employment levels have decreased? Of course, it really helped to know everybody in town. Question: It is estimated that the Gates Foundation has saved well over 100 million lives. Charlie Munger: Well, I certainly hope that they succeed mightily in their software endeavor to automate all these courts for the modern world. Gerrys lived a long time too and I think we both have been lucky. What I see in China now just staggers me. See our Terms, Privacy Policy, and Disclaimer. Question: It seems likely that the current Fed policy of keeping interest rates near zero will only exacerbate the income disparity in this country by benefiting those who own the financial assets. -, 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, Secretary & Executive Vice President-Publications, Daily Journal, long overseen by Charlie Munger, halves stake in China's Alibaba. Our editorial system and our advertising system are all in the cloud. We would all say that. Always intelligent. I expect that and I welcome it. Daily Journal Corp publishes newspapers and web sites covering California and Arizona and produces several specialized information services. We dont have any other secrets, do we Jerry? "While Kimberly was head of Investor relations . It was an accident. It doesnt happen anymore. Charlie Munger: I dont have any wonderful new thoughts. Charlie Munger: Its partly culture but a lot of it is just born in and its a quirk. It showsed how wise we were to put him there in the first place. Question: You are one of the oldest and greatest thinkers of our time. When it gets difficult, I dont think theres any automatic fix for difficulty. On the other hand, it could be handled. The fully online conferences hosted by MOI Global bring together great minds from our network of intelligent investors, with a focus on timely ideas and timeless wisdom. and leadership at Berkshire Hathaway, Munger was . Corporate Governance. Charlie Munger: Yes, I think that is rising as we sit here. Everybody has shortcuts to screen out certain hazards. What do you think the long-term consequences will be? Trending Stocks. This is cheap compared to Tesla currently valued at over 1100 times P/E and 24 times sales. And when the old CEO of the Daily Journal died, Gerry was managing the business affairs of the Munger Tolles law firm. Thats been greatly curtailed. +2.68%. Could you share the secret to living a long, healthy, and happy life? All except for the legal advertising system which we had to build because nobody else has the volume that we have. Thats the nature of capitalism. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. Copyright 2023 Surperformance. That happened because Gerry and I bought these little newspapers all over the state just as a precaution to make sure we could serve public notice advertising wherever it arose in the state. Question: Do you believe the valuations for electric car manufacturers are in bubble territory? Gerald Salzman: None. In other words, when we shout our knowledge out, were really pounding it out. All rights reserved. Were going to bust our ass to try and do a good job. Always tell the truth and never lie to anybody about anything. What, for example, is to stop the Chinese government from simply deciding one day to nationalize BYD? A passionate, seasoned, internal Investor Relations strategist, executioner, demand-builder and teammate proactively taking a Company's story to Wall Street -- one ticker at a time | Learn more . The fund focuses on investments in the United States as 50.0% of the portfolio companies are based in the United States. Members of MOI Global enjoy complimentary access to a growing array of resources and content related to the art of intelligent investing. I regard this as insanity. 1996 - janv . 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. Its just not gonna work. 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. Im satisfied with the way things have worked out and Im not gnashing my teeth when other people are doing better. And so, the stock went way up. So, of course, I admire him. Theyre no longer using peasant girls to beat the brains out of our little shoe companies in America. Charlie Munger: I dont know how permanent its going to be but it certainly caused a change. That thing circulates. 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. Governance. Buffetts donations to the foundation have obviously helped to save many millions. Of course, his son, who is a bright man, is now Prime Minister of Singapore. Do you agree with the premise and if so how would you address inequality? And there arent many people that can do that. I think that inequality is absolutely an inevitable consequence of having the policies that make a nation grow richer and richer and elevate the poor. Matthew Peterson of Peterson Capital Management presented his in-depth investment thesis on The Daily Journal Corporation (US: DJCO) at Best Ideas 2019. And, of course, he hated costs. Delayed Nasdaq It was absolutely incredible. And like last year, you will in this note find a full transcript of the entire meeting. Charlie Munger: I would go further. Im Charlie Munger, Chairman, and to my right is Jerry Salzman, CEO. That doesnt happen. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Of course, if he had a chance to do it over again, he would avoid those mistakes. The Form 13F report requires disclosure of the manager that files the report, the name and class of the security, the CUSIP number, the number of shares . Because value investingthe way I conceive itis always wanting to get more value than you pay for when you buy a stock. 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. Everybodys got a different situation. When I look at the modern Singapore health system, it costs 20% of what the American system costs. View the latest DJCO financial statements, income statements and financial ratios. And then the previous 100 years, that got another big chunk of modernity. And by the way, I think its hard to teach. Currently, Daily Journal Corp's portfolio is worth at least $174 million. 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. Los Angeles, California 90012 . Never before in the history of mankind have we seen such a rapid eradication of poverty, pulling approximately 800 million people out of destitution. Performance Download 13F Summary Everything you see is profit. 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. 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. Question: Charlie, you are known as an advocate for learning from ones mistakes. Wheaton delivers amongst the highest cash operating . It says that man is too soon old and too late smart. I tend to avoid the ones which Im not good at and Im not good at a lot of different problems. When you respond to software by the RFP process, its a very difficult, demanding business and its less profitable and less sure than what Microsoft does. 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! All rights reserved. And thats the way we handled Gerry. Ryan Buntain has joined Knox Lane as head of investor relations, according to a spokesperson for the firm. What little newspaper company has come through the crisis of this destroying of all the newspapers better than the little Daily Journal? 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? Ideaweek St. Moritz 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. Charlie Munger: I dont think I have a lot of wonderful advice about starting a business but what youve learned in the pandemic is that we can do with a lot less travel and a lot more Zooming. The third-largest holding is Alibaba Ltd worth $26.4 million and the next is Us Bancorp worth $6.11 million, with 140,000 shares owned. Latticework London Currently, their heaviest sector is Finance making up 81.3% of The company's other titles include Daily Commerce, The Daily Recorder and the Inter-City Express . But, of course, if we got a chance to do it again, we would do it better. And I dont think youll find me engaged in the massive rezonings in the future. Members enjoy a steady stream of exclusive wisdom and insights from the leading minds in the field of investment management. 2022. 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? Question: You famously run investments through your mental checklist. 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. Charlie Munger: Well, we dont really know where its all going. And he was a great kidder. And my advice would be if you have a fixable disadvantage, remove it. DAILY JOURNAL CORP Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-K) AQ. The board includes high-profile names such as Rick Guerin, Peter Kaufman, and Charlie Munger. Today, the majority of contractual revenue that can be identified is from implementations and licenses. I dont think we have made a lot of horrible mistakes. The meeting was held on February 24, 2021. The Manual of Ideas And, of course, its regrettable. 2/24/23. Bei der Nutzung unserer Websites und Apps verwenden wir, unsere Websites und Apps fr Sie bereitzustellen, Nutzer zu authentifizieren, Sicherheitsmanahmen anzuwenden und Spam und Missbrauch zu verhindern, und, Ihre Nutzung unserer Websites und Apps zu messen, personalisierte Werbung und Inhalte auf der Grundlage von Interessenprofilen anzuzeigen, die Effektivitt von personalisierten Anzeigen und Inhalten zu messen, sowie, unsere Produkte und Dienstleistungen zu entwickeln und zu verbessern. Communicated daily with internal traders and sales force, plus marketed globally to Buy-Side clients . 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 Of course, that history is useful to know. Ive been engaged in recent years in trying to create a better type of student dormitory. He said, figure out what works and do it. Create your Watchlist to save your favorite quotes on Nasdaq.com. He took over a malarial swamp with no army, no nothing. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. And interested and up to speed and didnt have to take a lot of time to get background information to make his comments. Theyre just very simple. I dont think well change on that. Is there anything that you wish you had added to your checklist sooner? He was very amiable the way he talked about it. Published since 1917, the Daily Commerce is based in Los Angeles and covers news of general interest, columns of interest to real estate investors and brokers, and information on distressed properties in Los Angeles County. So we have one basic system configured in a number of different ways, including workers comp for a large state in the United States. Touch device users, explore by touch or with swipe gestures. Wheaton is the world's premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets. They manage And since we are on the subject of selling potentially overvalued security, could you provide your systems for selling securities? Munger also serves as chairman of Daily Journal Corporation, which publishes 10 newspapers and offers specialized information services and technology-based prod. I would hate to compete with Sequoia in their field. [2]: 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. 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? And we pay huge taxes to a combination of the federal government and the state of California when we sell something. And the next time around the poor will get richer faster than the rich. LOS ANGELES, CA Charlie Munger: Its hard to know what exact macroeconomic policy is correct. The SEC requires all publicly traded companies, foreign and domestic, to disclose financial condition, operating results, management compensation, and other areas of their business on a regular basis. Information and insights on key investors, paired with strategic outreach to help corporations capitalize on relationships. Timeless Selections I expect less out of bankers than he does. Im not saying I wanted to live in China. I admire him that much. I think the bankers of today could learn a lot from Eugene, but little is known of him. The jurisdiction for this foreign stock company is SOUTH CaliforniaROLINA. Any tips for someone who wants to work on and improve their ability to hold two opposing views at the same time? Charlie Munger: Early 70s. 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. Charlie Munger: Well, Im constantly making mistakes where I can, in retrospect, realize that I should have decided differently. The meeting was held on February 24, 2021. Charlie Munger: Well, heres what I meant. Licensed software for many ten-year contracts is currently in the multi-year implementation stage. We were together in that for a long, long time, and then Rick and I did the Daily Journal together on another occasion. Question: What have you done to live such a long life? Investors Will Want Seneca Foods' (NASDAQ:SENE.A) Growth In ROCE To Persist 7/31/2022 8:49 AM. . Previously, Buntain worked at The Carlyle Group, where he . Charlie Munger: Well, I hope we dont have fewer truck stocks because Berkshire Hathaway is deeply involved in truck stops. N/A: N/A: N/A: . And so, we cant promise were going to succeed. 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? When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. And that is why Costco presents some danger to Amazon. There arent that many people like Lee Kuan Yew that have ever lived. Type a symbol or company name. Best Ideas Conference Their last reported 13F filing for Q4 2022 included $174,434,000 in managed 13F securities and a top 10 holdings concentration of 100.0%. So its very difficult. I do think the present CEO is an extraordinarily able man and the directors made a very wise choice when they put him in charge. European Investing Summit Question: It seems like everyoneincluding actors, athletes, singers, and politiciansis getting into the business of promoting their own SPAC. Type a symbol or company name. In other words, to some extent, its a self-correcting system. Those are pretty good rules and theyre pretty simple. #CharlieMunger #DailyJournalAnnualMeeting #BerkshireHathawayYahoo Finance is the exclusive live stream platform for the fully virtual Daily Journal ($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. Or, has the digital revolution caused enormous productivity improvements in those businesses? People really trust Costco will be delivering enormous value. I think you should try and make your money in this world by selling other people things that are good for them. The stock appreciated probably way more than intrinsic value. There are factories in China that are just absolutely full of robots and are working beautifully. But you know, most people dont do that. Both Berkshire and Li Lu own BYD Company which you spoke highly of in the past. Its business model offers investors leverage to commodity prices and exploration upside but with a much lower risk profile than a traditional mining company. About the awards. You dont need to worry about them. Its one of the most ignorant professions in the world. Question: I enjoyed your Caltech interview and wanted you to elaborate and provide more insights on your point of great investors and great chess players. 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. The agent name of this company is: GERALD L SALZMAN ,and company's status is listed as ACTIVE. 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. Charlie Munger: I think Im alive because of a lucky genetic accident. And, of course, it works way better than our medical system.
daily journal corporation investor relations