And, of course, it works way better than our medical system. DAILY JOURNAL CORP Top 13F Holdings - WhaleWisdom.com Gerald Salzman: Well, we dont think about mistakes. We hope theyll continue doing magnificently well. At the age of 97, Charlie Munger wasnot surprisinglysharp as a tack. He doesnt mind at all not getting credit for his charitable donations. Daily Journal Corporation : Announces Financial Results for the Three Months ended Decembe.. Daily Journal Corporation Announces Financial Results for the Three Months ended Decemb.. Daily Journal : Management's Discussion and Analysis of Financial Condition and Results of.. Daily Journal Corporation Announces Financial Resultsfor Fiscal Year ended September 3.. Daily Journal Corp : Changes in Registrant's Certifying Accountant, Financial Statements a.. Daily Journal : Fiscal 3Q Earnings Snapshot, Daily Journal : Fiscal 2Q Earnings Snapshot. What can you learn from the Barry Duttons bookstore building deal in Brentwood and how would you apply that new knowledge or experience in the future? Subscribe Columns Labor/Employment Viking River PAGA ruling has no clear destination for employers Mar. This page shows a list of all the recent 13F filings made by Daily Journal Corp. Form 13F is required to be filed within 45 days of the end of a calendar quarter. And thats not a sure thing either. 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. And would the Daily Journal consider Bitcoin or any other cryptocurrency as an asset on the balance sheet similar to what Tesla recently did? I think the result would have been worse if either party had been in control all by itself for the whole period. They do way more good than harm. I think that would be insanity. And, I was always aware of that and so Ive accepted these damned annual meetings. 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. 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? Touch device users, explore by touch or with swipe gestures. Im not saying I wanted to live in China. 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. 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). February 26, 2021 / Richard Lewis / 6 Comments. All text and design is copyright 2020 WhaleWisdom.com. But I dont think thats going to end up with a mistake. And in biology, what happens is the individuals all die, and eventually, so do all the species. This information can be used by investors to verify and understand the financial position of the company. But, no, I dont think Treasury securities are a big problem. It says that man is too soon old and too late smart. I kind of admire the way Bill takes on these very hard problems. What do you think of all of the SPACs and the promoters pushing them? I know Berkshire is a long-term owner and rarely sells securities of high-quality companies it owns in its portfolio simply because its overvalued. Company Search - astfinancial.com Daily Journal Subscribe to the Daily Journal for access to Daily Appellate Reports, Verdicts, Judicial Profiles and more. Charlie Munger: 2021 Daily Journal Annual Meeting Transcript. Get the latest articles and insights directly to your email inbox. The total portfolio value may be much higher due to cash Whalewisdom has at least 38 13F filings, and 33 Form 4 filings. I came to law school having learned the method of learning and nothing has served me better in my long life than continuous learning. New Investor Information - Cel Sci Commission-free trading is not free. Many, but not all SEC filings are available in the SECs EDGAR database. Theres a lot of competition and were a very small company compared to our main competitor. Any tips for someone who wants to work on and improve their ability to hold two opposing views at the same time? Solved Auditor Changes at Daily Journal Corporation Charlie | Chegg.com It closed the year with cash flow reaching $7.1 billion . Apartments have come through better. Daily Journal Corporation Gerry, you have a comment on that? Washington State is actually considering a wealth tax at the state level. If you stop to think about it, business success long term is a lot like biology. Daily Journal Corp 13F annual report (2023) | wallmine I think that that will probably continue. containing a link to download the .zip file of the CSV file(s) you requested. Matthew worked as a member of both the U.S. and U.K. offices, with expertise spanning from risk management to derivative processing. And do you and Warren have any tricks or shortcuts to size people up quickly and accurately? Daily Journal Corp. - AnnualReports.com Questions: Many major businesses and high net worth individuals have been leaving California. Question: Do you believe the valuations for electric car manufacturers are in bubble territory? DJCO | Daily Journal Corp. Company Profile & Executives - WSJ I think office buildings are now in some trouble and, of course, commercial real estate rented to stores has been in a lot of trouble for a long time. These actions have given some shareholders more visibility and comfort on their investment. 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 . I think the Chinese were very smart. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Meet-the-Author Summer Forum All rights reserved. Investor Relations Daily Journal Corp DJCO Valuation Morningstar Rating | Rating as of Jan 26, 2023 Quote Chart Stock Analysis News Price vs Fair Value . Latest SEC filings for Daily Journal Corporation (DJCO) I have a very simple idea on the subject. I dont think it was a mistake to buy the Daily Journal when we did, paying the price we did. Description Daily Journal Corp. Daily Journal Corp. engages in the publication of newspapers and websites covering California and Arizona. Find the latest Daily Journal Corporation (DJCO) stock quote, history, news and other vital information to help you with your stock trading and investing. 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. Moody's Corporation to Present at Investor Conferences Charlie Munger: I dont think I use much physics in solving my investment problems but it occasionally helps me. So, to some extent, everybody buying medical services in Singapore is paying for it themselves. And its rather interesting. If youre willing to count small nations in the group, he had probably the best record that ever existed in the history of the world. How do you decide to hold on to a stock or sell some? See our Terms, Privacy Policy, and Disclaimer. Question: [The questioner] quotes a commencement address you gave in 2007 at USC Law School. Charlie Munger: Real estate has always been a difficult field. Every value investor tries to get more value than he pays for. We were together in that for a long, long time, and then Rick and I did the Daily Journal together on another occasion. Charlie Munger: Im sure some are, but, by and large, thats not what Warren is known for. Quickly find out what the most recently closed or increased positions are. DJCO | Daily Journal Corp. Financial Statements - WSJ Copy and paste multiple symbols separated by spaces. We have our crotchets and I just dont know enough about it to want to go into that activity. LOS ANGELES, CA All rights reserved. Question: What is the wisdom behind holding bank stocks compared to other stocks. We have different tax considerations. Also, when you get reverses, if you just suck it in cope, that helps if you dont just fretfully stew yourself into a lot of misery. New species are created and old species are dying. The number of people who ever got a chance to do it again is zero. And, of course, its all worked. Daily Journal Corporation (DJCO) - 8-K - Current report SEC FilingsYesterday, 3:57 PM Daily Journal Corporation (DJCO) - 10-Q - Quarterly Report SEC FilingsMon, Feb. 13 Daily. DATAROMA Superinvestors Portfolio Holdings Charlie Munger - Daily Journal Corp. Period: Q4 2022 Portfolio date: 31 Dec 2022 No. The best venture capital operation probably in the whole world is Sequoias and they are very good at this early stage investing. LEARN MORE. And thats the right way to do it. Question: Charlie, you are known as an advocate for learning from ones mistakes. Question: Given all of your donations to physics, what is your favorite way of applying physics to societys problems and also to investing? Download 13F Summary Our editorial system and our advertising system are all in the cloud. Corporate Actions Services. 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. I have a bust of Lee Kuan Yew in my house. Today, it hovers around 9500. But, I hardly think the editorial quality could go way up when employees were going down. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Of course, its hard to negotiate in such a field. Charles T. Munger, who is also vice chairman of Berkshire Hathaway, is the former chairman and a current director.. Publishing business. 13F filing from DAILY JOURNAL CORP, enter your Jeffrey Stacey, I enjoy it and others will also. There are these periods in capitalism. Copyright 2023 Surperformance. The Daily Journal's 'Slow and Awful' Path to LegalTech Success Charlie Munger: Well, of course, if they bring in a brand new technology you dont understand at all, youre at something of a disadvantage. Los . They wouldnt be a lot happier if they were richer or a lot less happy if theyd been poor. These positions were updated on January 5th based on the funds latest 13F filing. Daily Journal Corporation was incorporated in 1987 and is based in Los Angeles, California. We were trying to save the whole economy under terrible conditions. Charlie Munger: Well, I consider that very unlikely. We would all say that. We are in fact being a more difficult type of software business than Microsoft. Charlie Munger: I think Ive learned to avoid zoning work. 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. You get crazy booms. Charlie Munger: We will not be following Tesla into bitcoin. And so, the stock went way up. Ive been pretty quiet. But show me a psychology department that knows how to do that. 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. In other words, its your money. Charlie Munger: Well, its not easy to handle accumulated money in the current environment when these stocks are so high and partials of real estate of certain kinds are also very inflated. He was a one party system but he could always be removed by the electorate. The Corporation will host a fourth quar. And it has saved Los Angeles a fortune because gas is so much cheaper than gasoline. Charlie Munger: Well, I cant top Lee Kuan Yews example. He gasped and said, but hes never had anything to do with newspapers or anything else. And, for example, here, we must have 30 or 40 deaths. In his early education, he was the second-ranked student in the school. I recognized early that Gerry could run anything he wanted to run. Charlie Munger: Well, that is easy. SEC Form 13F Filing History. Question: Youve said several times that the best way to learn about business is to study the multi-decade financial results of great companies. I dont think we have made a lot of horrible mistakes. As a matter of fact, what happens is to make a nation rich, you need a free market system. And, of course, its going to create trouble as it did. Tu To, Daily Journal Corp: Profile and Biography I think theyd run rings around me. LEARN MORE. Question: If you had a chance to make an addition or revision to Poor Charlies Almanac, what would that be? Daily Journal Corporation ( NASDAQ: DJCO) is a business and legal news and advertising editorial in California. Charlie Munger: Full Transcript of Daily Journal Annual Meeting 2021 And, of course, thats a very dangerous way to invest. Latticework Podcast Member of equity research team highly ranked by Institutional Investor and The Wall Street Journal. 264 Sara.Pellegrino@iovance.com. Gerald Salzman: There are a number of factors that come into play here. New York, NY (March 25, 2021) - News Corp announced today it has agreed to acquire Investor's Business Daily from O'Neil Capital Management. The Daily Journal Corporation is an American publishing and technology company with hidden assets and off-balance sheet value. 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. Of course, its going to be difficult. Sign-up But its hard for anybody. And, what about passive investing? Question: Last year, almost every ecommerce, internet, and internet adjacent stock was up 100 plus percent. Knox Lane was founded in 2019. Without the method of learning, youre like a one-legged man in an ass-kicking contest. Latticework New York I tend to avoid the ones which Im not good at and Im not good at a lot of different problems. Could you please elaborate on the subject and could you consider giving a talk on this particular subject? 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. Charlie Munger: I have seen an episode or two of the Queens Gambit. Question: What do you hope the future of the Daily Journal Corporation looks like in a decade? Im not going to change. I think when difficulty comes, I expect to have my share. Im not trying to move mountains. Corporate Governance. Its business model offers investors leverage to commodity prices and exploration upside but with a much lower risk profile than a traditional mining company. There arent that many people like Lee Kuan Yew that have ever lived. Solved Auditor Changes at Daily Journal Corporation Charlie - Chegg One of the interesting things about the Daily Journal is that we made all that money in the foreclosure boom. Latticework London I call it deworsificationwhich I copied from somebody. The MOI Global Editorial Team, led by John Mihaljevic, CFA, includes community builders, event organizers, writers, editors, research associates, security analysts, and fanatical member support advocates. The psychology professors dont know all that much about the rest of knowledge and they have no incentive to master it. 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? Charlie Munger: Well, I dont think I know exactly what the future of banking is and I dont think I know how the payment system will evolve. Generally speaking, people assume that were a normal software company like Microsoft or something. Charlie Munger: Its hard to know what exact macroeconomic policy is correct. He lived in a particular town. You are going to be flabbergasted. Charlie Munger: Well thats an easy one. Daily Commerce If you were offered a fresh start today, what would you do differently in life and in investing? Announces 2022 Holiday Period Net Sales, Updates Fourth Quarter Outlook. Knox Lane hires Buntain to head investor relations | PE Hub The Hamilton Live 600 14th Street NW Im not saying that oil and gas is going to be a wonderful business but I dont think its going away. Take Gerry. Market Holidays Daily Analyst Ratings Daily Insider Trading. I think the Chinese have behaved very shrewdly in managing their economy and theyve gotten better results than we have in managing our economy. At this rate, hell likely (hopefully) reach the longevity of Irving Kahn. And all I can say is that well do the best we can. A little wisdom in spouse selection is very desirable. 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. Im Charlie Munger, Chairman, and to my right is Jerry Salzman, CEO. And I think thats what shareholders do. In a recent regulatory filing, The Daily Journal ( DJCO -3.51%) disclosed that it had bought more shares of Chinese giant Alibaba ( BABA 2.46%) with its corporate cash. 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.