daily journal corporation investor relations

Of course, his son, who is a bright man, is now Prime Minister of Singapore. And there was one woman who was a year older than he was who was the first-ranked student in the school. Charlie Munger: Well, I dont know how well the economys doing to work in the future. 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 stock has gained so much this year and last year. Charlie Munger: Well, I certainly hope that they succeed mightily in their software endeavor to automate all these courts for the modern world. Today, the majority of contractual revenue that can be identified is from implementations and licenses. Do you think this is a worthwhile policy objective given the effect it has on creating financial excesses and income inequality? Charlie Munger: You have to be optimistic about the competency of our technical civilization. The mantra he said over and over again is very simple. European Investing Summit How can you not? I dont think I can teach you how to retroactively get a new accident yourself. Theres an old German proverb Ive always liked. Their last reported 13F filing for Q4 2022 included $174,434,000 in managed 13F securities Question: You famously run investments through your mental checklist. So, to some extent, everybody buying medical services in Singapore is paying for it themselves. Practically everybody does that. And were gonna play that as hard as we can. [As for] marketable securities, we prefer owning common stocks to holding cash under current conditions and its kind of an accident that we have so much in marketable securities. Many, but not all SEC filings are available in the SECs EDGAR database. It operates through the Traditional Business and. Local Chapters Daily Journal Corporation Announces Financial Results for Fiscal Year ended September .. Daily Journal : Fiscal Q3 Earnings Snapshot. And when things get as crazy as they were in the event youre talking about, there are threats of clearinghouse failure. Do it right the first time. And thats the way we handled Gerry. Just time after time he would do something like that. 75% of the total holdings value. Do Not Sell My Personal Information (CA Residents Only). Question: Does management, in your opinion, have a moral responsibility to have their shares trade as close to fair value as possible? I think the result would have been worse if either party had been in control all by itself for the whole period. Theyd take you through the building of the canals and the building of the railroads and so on and so on. Charlie Munger: Well, these things do happen in a market economy. But, of course, its a very difficult field. If you go to a little country like Estonia, the whole damn country is on the internet and its a very good idea. According to the last 13-F report filed with the SEC, Tu To serves as the Chief Financial Officer at Daily Journal Corp. But I dont think thats going to end up with a mistake. Theyve served us well over the years. Questions: Many observers see market behavior that reminds them of the Dot Com bubble: wild speculation, endless SPACs, and IPOs soaring on their first day of trading. I think when difficulty comes, I expect to have my share. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. And another shareholder asked: Dear Mr. Munger, please share your thoughts on the recent /r/WallStreetBets GameStop short squeeze. No, I dont think I have anything to contribute. Question: We have a couple of questions about J.P. Rick Guerin. I dont think well change on that. I recommend that other people follow my practice. How concerned is he about Chinese government interference as seen recently with Ant Financial, Alibaba, and Mr. Jack Ma. He was a very smart man. Is there anything that you wish you had added to your checklist sooner? Last year it quintupled. He loved to kid people. 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. Question: With all the work from home with Zoom and other technology, what do you think the future of commercial real estate looks like? A rich civilization can afford to do it if we absolutely have to. Charlie Munger: Its partly culture but a lot of it is just born in and its a quirk. 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. 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. I think theyd run rings around me. 306.00. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. 2023 Annual Meeting. LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. Thats the good news. Best Ideas Conference And do you and Warren have any tricks or shortcuts to size people up quickly and accurately? 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. containing a link to download the .zip file of the CSV file(s) you requested. You dont need to worry about them. But theres also a large risk of losing it coming from within an organization. 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, its going to create trouble as it did. Request Information Performance Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. However, is there a price too high that the companys future profits simply cannot justify? Gerry, you have a comment on that? About the awards. At this rate, hell likely (hopefully) reach the longevity of Irving Kahn. Because we have the proxies those directors are now reelected. The Daily Journal Corporation has been publicly traded since 1987 on the NASDAQ under DJCO. It also serves as a newspaper representative specializing in public notice advertising. [The questioner] would like to know what Charlies method of learning is. Charlie Munger: Ben Franklin was one of the wisest men who ever lived. We would all say that. Who is MOI Global? Question: Should there be a tax on buying stock now that Robinhood trades are free? All rights reserved. But, no, I dont think Treasury securities are a big problem. This is a highly desirable thing. He didnt know one damn thing about the Daily Journal when we made him head of it. Get the latest articles and insights directly to your email inbox. Of course, its hard to negotiate in such a field. The average market cap of the portfolio companies is close to $220 billion. When completed, an email will be sent to the email address you specify The jurisdiction for this foreign stock company is SOUTH CaliforniaROLINA. I expect that and I welcome it. Do you think the Daily Journal would have hundreds of millions of marketable securities now if Gerry didnt know how to learn something new? 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. Charles T. Munger, who is also vice chairman of Berkshire Hathaway, is the former chairman and a current director.. Publishing business. SEC form, multiple filers or classes of filers, and much more.***. When these people go, there is none replacing them. The board includes high-profile names such as Rick Guerin, Peter Kaufman, and Charlie Munger. Would you share a few stories about him and your fondest memory? Daily Commerce. That recognized reality and worked way better than what other people were doing. Our 2023 Annual Meeting of Shareholders will be held on Thursday, May 4, 2023 at 8:30 a.m. 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. 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! Daily Journal Corporation offers legal software and services to US courts and other justice agencies, including browser-based case processing systems (eCourt, eProsecutor, eDefender, and eProbation) and electronic filing and payment tools (eFile, ePayIt). I hope that that will continue in the future. Question: Charlie, you are known as an advocate for learning from ones mistakes. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. 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. 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. This is cheap compared to Tesla currently valued at over 1100 times P/E and 24 times sales. And theyre all dyingevery damn one of them almost. The two most similar investment funds to Daily Journal Corp are Platform Technology Partners and Mtm Investment Management. We are subject to the orders and directions of those counties which, before, really didnt impact anything. 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. Meet-the-Author Summer Forum And all I can say is that well do the best we can. And its rather interesting. LEARN MORE. We made the rich richer, not as a deliberate choice, but because it was an accidental byproduct of trying to save the whole civilization. And, we are really interested in doing a good job in Australia, in California, and all the other places where people have trusted us. Everybody is. Thats an interesting example of self-learning. 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. BYD sells at nearly 200 P/E. Of course, that will still work. Its such a simple idea. Question: You and Warren have been adept at quickly sizing people up, particularly business leaders and potential business partners. Theyre no longer using peasant girls to beat the brains out of our little shoe companies in America. 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.