daily journal corporation investor relations

Youre better off concentrating your decision power on one person the way the Li Lu partnership does and then choose the right person. So, to some extent, everybody buying medical services in Singapore is paying for it themselves. And interested and up to speed and didnt have to take a lot of time to get background information to make his comments. Question: I was wondering if you could share some thoughts on Haven, particularly why it was ultimately closed. FOR ANNUAL MEETING OF SHAREHOLDERS. And I was like Rip Van Winkle; when I tried to come back to it, I found that the world had changed. Matthew worked as a member of both the U.S. and U.K. offices, with expertise spanning from risk management to derivative processing. It says that man is too soon old and too late smart. Daily Journal Corp is based out of Los Angeles. Performance And when things get as crazy as they were in the event youre talking about, there are threats of clearinghouse failure. You used examples of Lee Kuan Yews good judgment in choosing someone with brains over certain physical attributes in your past interview. And, he was very good company and a splendid gentleman. Its a very dishonorable low-grade way to talk. He knew everybody and everything. And he made a very favorable impression. Matthew has over a decade of experience with global financial services firms including Goldman Sachs, Morgan Stanley, Merrill Lynch, American Express, and Ameriprise Financial. And I think the world would be better off without them. I call it deworsificationwhich I copied from somebody. But, of course, you should start out by studying the history of capitalism, how it worked, and why before you start studying business. The JTI software has been configured for other judicial and justice agencies, including district attorneys, prosecutors, public defenders, probation, etc. I think you can count on the fact that if we really like the company and we like the managementand that is the way we feel about BYDwere likely to be a little too loyal. Advisory, processing and support for complex transactions, including M&As, IPOs and stock splits. #CharlieMunger #DailyJournalAnnualMeeting #BerkshireHathawayYahoo Finance is the exclusive live stream platform for the fully virtual Daily Journal ($DJCO) Annual Meeting with Chairman Charlie Munger.The meeting features Daily Journal Chairman and Berkshire Hathaway Vice Chairman Charlie Munger and DJCO President and CEO Jerry Salzman. Charlie Munger: Gerry, whats the biggest mistake weve made? These symbols will be available throughout the site during your session. The first order of business is to reelect the four directors and the votes are as follows: Charles Munger, 679,481, Gerald Salzman, 660,287, Peter Kaufman, 593,336, Mary Conlon, 651,493. Nasdaq provides companysSEC filings, which arefinancial statements andreports filed electronically with the U.S. Securities and Exchange Commission (SEC) byQuotemedia. Charlie Munger: We will not be following Tesla into bitcoin. All the buses. Charlie Munger: Well, Im constantly making mistakes where I can, in retrospect, realize that I should have decided differently. I prefer the United States. According to the last 13-F report filed with the SEC, Tu To serves as the Chief Financial Officer at Daily Journal Corp. How are they similar or different? Daily Journal Corp publishes newspapers and web sites covering California and Arizona and produces several specialized information services. The second proposal is to ratify the appointment of our certified public accountant: Baker Tilly US, LLP. So its a very theoretical discussion. The directors are Gerry Salzman, Peter Kaufman, Mary Conlin, Gary Wilcoxwhos retiring nowand myself. And, pretty soon, he turned that into this gloriously prosperous place. The Superinvestors of Daily Journal Corporation - Forbes And when the evidence came in that the system wasnt working very well because some of the employees were cheating some of the customers, they came down hard on the customers instead of changing the system. #CharlieMunger #DailyJournalAnnualMeeting #BerkshireHathaway Yahoo Finance is the exclusive live stream platform for the fully virtual Daily Journal ($DJCO) Annual Meeting with Chairman Charlie. 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. I said it wont matter. And its rather interesting. Daily Journal Corporation ( NASDAQ: DJCO) is a business and legal news and advertising editorial in California. Of course, that history is useful to know. You can hardly think of a decision that matters more to human felicity than who you marry. I didnt get to where I am by going after mediocre opportunities. I recognized early that Gerry could run anything he wanted to run. Thats a really good rule. Were going to bust our ass to try and do a good job. Membership Tour 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. Its such a simple idea. And weve had marvelous people here to help us do it through very difficult times and one of them is Gerry Salzman. And I think the directors of GE deserve a lot of credit for making Larry Culp the CEO. And you mentioned technologythats very, very important. Sign-up Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. 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. One of the interesting things about the Daily Journal is that we made all that money in the foreclosure boom. DAILY JOURNAL CORPORATION - Address, Director information On balance, we hold in certain of these position when, normally, we wouldnt buy a new position. We do, as Charlie indicates, have a lot of travel. I never buy any and neither does Daily Journal. That makes the whole thing very awkward. You get crazy booms. But, a very wise man said on an earlier occasion: The trouble with banking is that we have more banks than we have bankers. Charlie Munger: Well, it helps to be able to leave the IQ test early with the highest score. And, we are really interested in doing a good job in Australia, in California, and all the other places where people have trusted us. . But Henry was a genius. Do you think this is a worthwhile policy objective given the effect it has on creating financial excesses and income inequality? 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. The high margin, profitable and rapidly growing digital first financial news and research business will be operated by Dow Jones, a News Corp subsidiary. And if its unfixable, learn to live without it. Charlie Munger: Well, of course, the places downsized. Gerry, dont you think were doing pretty well? As of 29th December 2022, Daily Journal Corps top holding is 2,300,000 shares of Bank Of America currently worth over $76.2 million and making up 43.7% of the portfolio value. Charlie Munger: Early 70s. Those are pretty good rules and theyre pretty simple. Charlie Munger: 2022 Daily Journal Annual Meeting Transcript - Junto 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. Hell be able to do it. And thats the right way to do it. Ill paraphrase here. If you continue to use this site we will assume that you are happy with it. Charlie Munger: I dont think you can make that a moral responsibility. I dont follow that practice but I dont criticize it either. In other words, to some extent, its a self-correcting system. The hydrocarbons are also needed as chemical feedstocks. On the other hand, the buses in Los Angeles work on natural gas. And like last year, you will in this note find a full transcript of the entire meeting. That is true and makes sense. Considering their system, that is not what he should have been doing. The bad news is its not clear whos gonna win all the business or how much money is going to be made. Generally speaking, people assume that were a normal software company like Microsoft or something. Communicated daily with internal traders and sales force, plus marketed globally to Buy-Side clients . 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. Home - IR Magazine Awards - US 2023 Can you speak to the causes, the trend, and make some predictions? So, I think for some folks, early-stage investing is best, and for other folks, what Ive done in my life is best. So you now know what I do in charitable institutions. CFO & Investor Relations Contact: 398.5k: N/A: 1962: Ms. Maryjoe Rodriguez: Pres: N/A: N/A: 1984: Ms. Michelle Stephens: Exec. Also, fortunately before the pandemic, we got out of the conference-type events and we were not subjected to the problems of no conferences nobody to attend. and a top 10 holdings concentration of 100.0%. Washington State is actually considering a wealth tax at the state level. I expect that and I welcome it. Are they more stable? Wheaton delivers amongst the highest cash operating . He was a one party system but he could always be removed by the electorate. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. Charlie Munger: I think any rich nation ought to have a social safety net that expands a little with its wealth. 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? Question: What is the wisdom behind holding bank stocks compared to other stocks. Tilly's, Inc. And I think, by and large, we made the most practical decisions that were available to us. 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. 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. Charlie Munger: Its a huge field in which we have a very interesting toehold with the strongest toeholds in Australia and California. Charlie Munger: Well, I cant top Lee Kuan Yews example. Quotemediais not affiliated with or approved by the U.S. Securities and Exchange Commission. It showsed how wise we were to put him there in the first place. Gerry, you have a comment on that? Create Email Alert, ***Log In or Subscribe to WhaleWisdom to view all filing data And when the old CEO of the Daily Journal died, Gerry was managing the business affairs of the Munger Tolles law firm. Daily Journal Corporation (DJCO) company profile & facts - Yahoo! and leadership at Berkshire Hathaway, Munger was . What do you think of all of the SPACs and the promoters pushing them? I do think banking run intelligently is a very good business. Question: Has your opinion on cryptocurrencies remained the same? But he knew how to learn what he didnt know. What do you think the long-term consequences will be? 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 . Licensed software for many ten-year contracts is currently in the multi-year implementation stage. Solved Auditor Changes at Daily Journal Corporation Charlie - Chegg Thats entirely due to the practical talent of Lee Kuan Yew. It was an accident. I think theyd run rings around me. Charlie Munger Just Doubled Down on Alibaba: Should Investors Follow of stocks: 4 Portfolio value: $174,434,000 Holdings Activity Buys Sells History * Reported Price is the price of the security as of the portfolio date. DJCO - Daily Journal Corp Valuation - NASDAQ | Morningstar So, I dont mind a little inequality and what I notice is that the rich families generally lose their power and wealthand pretty fast. The company operates in two segments: Traditional business and Journal Technologies. And he was just so good. And, of course, its going to create trouble as it did. He was death on corruption which was a very good idea. They do way more good than harm. We have different tax considerations. You must have a subscription to view WhaleScore histories. They just copied Adam Smith and left out the free speech and it worked fine for them. Question: What have you done to live such a long life? This years annual report suggests that the traditional business has 97 full-time employees. And that isnt necessarily right for its customers. What are the psychological implications of this type of market behavior? Copyright by BeyondProxy. How concerned is he about Chinese government interference as seen recently with Ant Financial, Alibaba, and Mr. Jack Ma. DAILY JOURNAL CORPORATION : Press releases | DJCO | US2339121046 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. But he previously worked for Rick Guerin and me in running a little mutual fund that we bought control of. Previously, Buntain worked at The Carlyle Group, where he . What were the lessons learned? He really knew everything you had to do to avoid credit losses in a small town in Illinois. Charlie Munger: Well, I dont participate at all. 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. Daily Journal Corporation (DJCO) Company Profile & Facts - Yahoo! Who is MOI Global? He didnt know one damn thing about the Daily Journal when we made him head of it. Everyone knows this isnt a small cap Berkshire Hathaway. SEC Form 13F Filing History. Corporate Governance. 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! The fund focuses on investments in the United States as Sure, we all love the kind of civilization we have. Youve reached the limit of my circle of competence. Charlie Munger: Well, Lee Kuan Yew had the best record as a nation builder. Touch device users, explore by touch or with swipe gestures. And, as Gerry has just said to me just after breakfast, you wouldnt want to invest in a parking lot by a courthouse for the future because an awful lot of the court proceedings are going to go to the internet. The kind of executives who have a Buffett-like mindset and never get in trouble are a minority group, not a majority group. Theyve served us well over the years. And, we hope to do well in it. Charlie Munger: I dont know how permanent its going to be but it certainly caused a change. Question: BYD is in the Daily Journal stock portfolio with a very big paper gain. It sold the previously owned 9,745 shares for $357 thousand. 1/9/23. And I dont know whether hes right or not. 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 . And, of course, it works way better than our medical system. If you dont have master the rest of the knowledge you cant synthesize it with psychology. Larry Summers has recently been quoted as being worried that were having too much stimulus. Charlie Munger: Ben Franklin was one of the wisest men who ever lived. Of course, that made him very leery of dumb loans. 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. DJCO Stock Price & Charts | Daily Journal Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. Investment Ideas Think of whats died in my lifetime. When you get into these hard questions, theres a lot of very intelligent honorable people who reach opposite conclusions. Daily Journal Corporation was incorporated in 1987 and is based in Los Angeles, California. Type a symbol or company name. Charlie Munger: Full Transcript of Daily Journal Annual Meeting 2021 Corporate Governance Daily Journal Corporation's ISS Governance QualityScore as of February. 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. I think its much easier to find five than it is to find a hundred. 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. 2023 Annual Meeting. Im just trying to get a feel for what the long-term capital allocation is. I think all good investing is value investing. Matthew Peterson is the Managing Partner of Peterson Capital Management, LLC. But I dont think thats going to end up with a mistake. By the way, thats not the normal outcome in America. The Manual of Ideas You have to be concerned about employees lives. BYD sells at nearly 200 P/E. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. He was old as I am. 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. I recommend that other people follow my example. The average market cap of the portfolio companies is close to $220 billion. But I dont think everybody can be a great investor or a great chess player. New species are created and old species are dying. Its very difficult to hire reporters in the San Francisco area with all the demands coming from the internet companies wanting to have an editorial product.

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