DJCO | Daily Journal Corp. Company Profile & Executives - WSJ So he married her. But we cant. Latest SEC filings for Daily Journal Corporation (DJCO) All rights reserved. Question: Many believe that inequality accelerated by this pandemic has reached alarming levels that demand drastic solutions such as a wealth tax. New species are created and old species are dying. And the next time around the poor will get richer faster than the rich. The member publications, including The Manual of Ideas, have won acclaim for their depth, originality, and breadth of perspectives. But I wont be following him. But he knew how to learn what he didnt know. Question: Does management, in your opinion, have a moral responsibility to have their shares trade as close to fair value as possible? Its just that the investment banking profession will sell shit as long as shit can be sold. Capitalism is almost as brutal as that. But, I dont think Ive got a lot to contribute. Has there been anything that has surprised you, and what would be your best advice to someone starting a business now? 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. In the past few years, equity prices have increased significantly and cash has arguably become riskier due to central banking policy. Gerry, you have a comment on that? 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. February 12, 2020 . Question: With all the work from home with Zoom and other technology, what do you think the future of commercial real estate looks like? I would hate to compete with Sequoia in their field. 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. Is it digital wallets like PayPal, Square, or Apple Pay? This information can be used by investors to verify and understand the financial position of the company. In his early education, he was the second-ranked student in the school. We were together in that for a long, long time, and then Rick and I did the Daily Journal together on another occasion. And some types of real estate in recent years has been particularly difficult. The psychology professors dont know all that much about the rest of knowledge and they have no incentive to master it. Charlie Munger: No, I would say that of course, theres some new material in misjudgment. Latticework Podcast Daily Journal: Transformation Yet to Be Fully Understood But Henry was a genius. Youve reached the limit of my circle of competence. Because we have the proxies those directors are now reelected. #CharlieMunger #DailyJournalAnnualMeeting #BerkshireHathaway Yahoo Finance is the exclusive live stream platform for the fully virtual Daily Journal ($DJCO) Annual Meeting with Chairman Charlie. And he was a great kidder. Charlie Munger: Its a huge field in which we have a very interesting toehold with the strongest toeholds in Australia and California. 50.0% of the portfolio companies Transcribed image text: Auditor Changes at Daily Journal Corporation Charlie Munger is vice chairman of Berkshire Hathaway Inc. and is informally known as Wa ren Buffetr's "right arm. As we can see from the deteriorating U.S. relationship with China, the Western world does not understand China. All except for the legal advertising system which we had to build because nobody else has the volume that we have. Put me down as skeptical. Matthew has over a decade of experience with global financial services firms including Goldman Sachs, Morgan Stanley, Merrill Lynch, American Express, and Ameriprise Financial. Charlie Munger: Well, I hope we dont have fewer truck stocks because Berkshire Hathaway is deeply involved in truck stops. Of course, his son, who is a bright man, is now Prime Minister of Singapore. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. We do know one thing and that is that the courts of the whole world are going to be taken into the modern age. 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. Charlie Munger: Yes, I think it must end badly but I dont know when. They lose their money fast enough. Those are pretty good rules and theyre pretty simple. Question: Youve spent much of your life contributing your wisdom to schools and hospitals. 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. 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. 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? Ive been pretty quiet. When I was young, I rezoned some properties very successfully. Daily Journal Corporation (DJCO) company profile & facts - Yahoo! And thats not a sure thing either. Charlie Munger: Well, I have the same difficulty that Samuel Johnson once had when he got a similar question. Were not enlarging it. Los Angeles, California 90012 . She created a business with like 500 depression dollars that became a huge business. Question: [The questioner] quotes a commencement address you gave in 2007 at USC Law School. Daily Journal Corp is based out of Los Angeles. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. Knowledge and know-how can act as an almost indestructible moat for a companys competitive position and growth prospects. Ryan Buntain has joined Knox Lane as head of investor relations, according to a spokesperson for the firm. There arent that many people like Lee Kuan Yew that have ever lived. If a civilization can progress only when it invents the method of invention, you can only progress when you learn the method of learning. This will schedule a job to export all requested 13f holdings data for this filer. The Daily Journal Corporation has been publicly traded since 1987 on the NASDAQ under DJCO. I think all of this activity is regrettable. And I think that that is inevitable because its difficult to be a good investor. Question: Why, almost two years ago, did you believe that Costco was the only U.S. stock worth buying? Daily Journal Corporation Board Diversity Matrix Disclosure Nasdaq Requirement. for DAILY JOURNAL CORP, Top 20 equal-weighted holdings. Member of equity research team highly ranked by Institutional Investor and The Wall Street Journal. So its very difficult. Astronics Corporation (ATRO) Tilly's, Inc. Nothing contained on junto.investments constitute a solicitation, recommendation, endorsement, or offer by Junto or any third party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction. But he could play chess blindfolded at just below the Grandmaster level. VP of Publications & Sec. We use cookies to ensure that we give you the best experience on our website. The Hamilton Live 600 14th Street NW Could you please elaborate on the subject and could you consider giving a talk on this particular subject? Information Agent. Theres hardly anything he touched he didnt improve. Culture is very important. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. That thing circulates. 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. Charlie Munger: Well, I certainly hope that they succeed mightily in their software endeavor to automate all these courts for the modern world. And weve had marvelous people here to help us do it through very difficult times and one of them is Gerry Salzman. Ideaweek St. Moritz Charlie Munger: Well, Lee Kuan Yew had the best record as a nation builder. Daily Journal Corp - Portfolio Holdings, AUM (13F, 13G At KB Home, social responsibility means investing in the relationships we have with our employees and within our communities. So, the shareholders have been lucky to have somebody like Gerry here who could learn what he didnt know and fix it. Matthew Peterson of Peterson Capital Management presented his in-depth investment thesis on The Daily Journal Corporation (US: DJCO) at Best Ideas 2019. 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). And we probably have more of those shortcuts than others. 2021 Quotemedia. I dont think its easy for ordinary people to become great investors. 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. We are very excited to look forward to enabling the courts to function as we know that they want to and will in the future. I call it deworsificationwhich I copied from somebody. Question: It seems like everyoneincluding actors, athletes, singers, and politiciansis getting into the business of promoting their own SPAC. Would you mind elaborating on how a professor or individual should go about building a curriculum around this approach? or to simply have an email sent to you whenever we receive a new You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Its one of the most ignorant professions in the world. Classified advertising is down significantly. 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. Investors | Seneca Foods When autocomplete results are available use up and down arrows to review and enter to select. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. At the age of 97, Charlie Munger wasnot surprisinglysharp as a tack. Charlie Munger: Its quite importantpart of the success of a company like Costco. They really need the world to stay the way it is. 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. We would all say that. Hell be able to do it. Has the quality of the publication suffered as the employment levels have decreased? I have a bust of Lee Kuan Yew in my house. Charlie Munger: Well, I dont participate at all. I dont think I can teach you how to retroactively get a new accident yourself. And its a shame that the economics textbooks dont emphasize how much a growing economy needs poverty in order to get out of poverty. The JTI software has been configured for other judicial and justice agencies, including district attorneys, prosecutors, public defenders, probation, etc. Everybody is. Question: Its been a year since the coronavirus pandemic came to the U.S. What have you all learned about running a business in the past year? Question: What do you hope the future of the Daily Journal Corporation looks like in a decade? What could investors do to cope better with periodical frenzy? You can hardly think of anything more important in life than being reliable for the people who trust you. This information can be used by investors to verify and understand the financial position of the company. February 26, 2021 / Richard Lewis / 6 Comments. 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? and a top 10 holdings concentration of 100.0%. Think of whats died in my lifetime. 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