Theyre no longer using peasant girls to beat the brains out of our little shoe companies in America. And some types of real estate in recent years has been particularly difficult. All the good things. Ellen Ireland will be inspector of elections. She created a business with like 500 depression dollars that became a huge business. And I think wise people should just stay out of them. Its difficult to break into the legal advertising system which supports so many newspapers, not only in California but elsewhere. USD. And that institution has two assets in its endowment account. Are they more stable? Of course, people behave more sensibly when theyre spending their own money. Always tell the truth and never lie to anybody about anything. And there arent many people that can do that. for Q4 2022. Daily Journal Corp (DJCO) 10K Annual Reports & 10Q SEC And thats not a sure thing either. . Corporate Governance Daily Journal Corporation's ISS Governance QualityScore as of February. As we can see from the deteriorating U.S. relationship with China, the Western world does not understand China. Licensed software for many ten-year contracts is currently in the multi-year implementation stage. SEC form, multiple filers or classes of filers, and much more.***. And since we are on the subject of selling potentially overvalued security, could you provide your systems for selling securities? He didnt know one damn thing about the Daily Journal when we made him head of it. But, I hardly think the editorial quality could go way up when employees were going down. There are these periods in capitalism. Ryan Buntain has joined Knox Lane as head of investor relations, according to a spokesperson for the firm. Daily Journal Corps portfolio is diversified across 3 sectors. I think the oil and gas industry will be here for a long, long time. While historically a legal newspaper publishing company, today DJCO operates a SaaS business model providing case management software to courts and government agencies around the U.S. and the world. Were beholden to the guidelines of the county of Los Angeles and other counties. We got a dividend of two and a half million shortly thereafter. So, you have to be a little closer to the employees needs, desires, babysitting, and all those activities that were kind of taken for granted in the past. The hydrocarbons are also needed as chemical feedstocks. Just time after time, he would choose the right system. 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. It's always a wonderful pleasure to hear Charlie Munger speak at the Daily Journal Annual Meeting. 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. Do Not Sell My Personal Information (CA Residents Only). I was very lucky. Question: Many believe that inequality accelerated by this pandemic has reached alarming levels that demand drastic solutions such as a wealth tax. And they dont do that very wellIm talking about the business schools. I think all good investing is value investing. Daily Journal Corp is an investment fund managing more than $174 million ran by Tu To. Thats one you can easily arrange. And I just think it was academically inconvenient for them. This is a highly desirable thing. The majority of revenue is generated from Traditional business segment. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. He had excellent judgment. If you continue to use this site we will assume that you are happy with it. Thats a really good rule. 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. 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? Im just learning as I go along. Knowledge and know-how can act as an almost indestructible moat for a companys competitive position and growth prospects. I think most people are born with a happystat. We do, as Charlie indicates, have a lot of travel. Question: How important is the analysis of company culture in the investment process? Los . Gerry, can you ever remember Rick down? Subscribe Columns Labor/Employment Viking River PAGA ruling has no clear destination for employers Mar. One of the interesting things about the Daily Journal is that we made all that money in the foreclosure boom. Tilly's, Inc. Question: Mr. Munger is a champion of Chinese stocks. You know what her mottoes were? Charlie Munger: Well, I hope we dont have fewer truck stocks because Berkshire Hathaway is deeply involved in truck stops. As for some of our technology, like eFiling for example, the courts are closed. 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. Tilly's, Inc. All the buses. Im satisfied with the way things have worked out and Im not gnashing my teeth when other people are doing better. Larry Summers has recently been quoted as being worried that were having too much stimulus. But, of course, I think there will be more automation in transportation of all kinds in the future. Communicated daily with internal traders and sales force, plus marketed globally to Buy-Side clients . What else can you do? 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. 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). Wheaton is the world's premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets. In 2010, that was down to 165 full-time employees and 15 part-time employees. Charlie Munger: Its hard to know what exact macroeconomic policy is correct. By the way, the Harvard Business School, when it started out way early, they started out with a history of the business. Im Charlie Munger, Chairman, and to my right is Jerry Salzman, CEO. And thats the right way to do it. Its difficult, but its not impossible investing in bank stocks successfully. 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. Would you mind elaborating on how a professor or individual should go about building a curriculum around this approach? However, is there a price too high that the companys future profits simply cannot justify? But he could play chess blindfolded at just below the Grandmaster level. Ive been engaged in recent years in trying to create a better type of student dormitory. Costco I do think has one thing that Amazon does not. The agent name of this company is: GERALD L SALZMAN ,and company's status is listed as ACTIVE. Transcribed image text: Auditor Changes at Daily Journal Corporation Charlie Munger is vice chairman of Berkshire Hathaway Inc. and is informally known as War- ren Buffett's "right arm." Munger also serves as chairman of Daily Journal Corporation, which publishes 10 newspapers and offers specialized information services and technology-based prod- ucts. 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. And, of course, it works way better than our medical system. Theres no question about the fact that Wells Fargo has disappointed long-term investors like Berkshire because the old managementwhich is now removedwere not consciously malevolent or thieving but they had terrible judgment in having a culture of cross-selling where the incentives on the poorly paid employees were too great to sell stuff that customers didnt really need. I expect less out of bankers than he does. I think I would have lived a long time if I had lived a different life. Charlie Munger: I think Ive learned to avoid zoning work. Gerry and I have been together, how many years Gerry? What could investors do to cope better with periodical frenzy? 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. And my advice would be if you have a fixable disadvantage, remove it. The bad news is its not clear whos gonna win all the business or how much money is going to be made. 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. Question: Has your opinion on cryptocurrencies remained the same? 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. 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. At times in my life, I have put myself to a standard that I think has helped me: I think Im not really equipped to comment on this subject until I can state the arguments against my conclusion better than the people on the other side. Governance. What happens is that every human being tends to believe way more than he should in what hes worked hard to find out or where hes announced publicly that he already believes. And it was probably wise that we acted exactly as we did. Daily Journal Corporation was incorporated in 1987 and is based in Los Angeles, California. So he married her. The directors are Gerry Salzman, Peter Kaufman, Mary Conlin, Gary Wilcoxwhos retiring nowand myself. Rick was always humorous. Daily Journal Subscribe to the Daily Journal for access to Daily Appellate Reports, Verdicts, Judicial Profiles and more. And I think the directors of GE deserve a lot of credit for making Larry Culp the CEO. But, I dont think Ive got a lot to contribute. I think any intelligent person can get to be pretty good as an investor and avoid certain obvious traps. And, for example, here, we must have 30 or 40 deaths. A little wisdom in spouse selection is very desirable. It just created the most unholy mess. Has there been anything that has surprised you, and what would be your best advice to someone starting a business now? 50.0% of the portfolio companies These symbols will be available throughout the site during your session. Gerald Salzman: None. They just copied Adam Smith and left out the free speech and it worked fine for them. I think Im a little more lenient. We were trying to save the whole economy under terrible conditions. Its business model offers investors leverage to commodity prices and exploration upside but with a much lower risk profile than a traditional mining company. 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. How concerned is he about Chinese government interference as seen recently with Ant Financial, Alibaba, and Mr. Jack Ma. 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. Charlie Munger: I think I had the right temperament. At this rate, he'll likely (hopefully) reach the longevity of Irving Kahn. 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. And he made a very favorable impression. 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. Corporate Governance. Click the button below to request a report when hardcopies become available. Do you think that digital economy has reached a tipping point such that this time is different and that conventional valuation measures for these types of companies are dead, or does this environment remind you of 1999? Member-Only Podcasts It closed the year with cash flow reaching $7.1 billion . Of course, its hard to negotiate in such a field. I admire him that much. Copy and paste multiple symbols separated by spaces. Matthew has over a decade of experience with global financial services firms including Goldman Sachs, Morgan Stanley, Merrill Lynch, American Express, and Ameriprise Financial. I think people have the theory that any intelligent hardworking person can get to be a great investor. Daily Journal Corporation ( NASDAQ: DJCO) is a business and legal news and advertising editorial in California. A lot of things are going to change. We cant promise what the outcome will be but we are trying pretty hard and we get some favorable impressions of progress. Corporate governance. So far the evidence would be that maybe the monetary modern monetary theory is right. Now, it sounds like anybody would know that made sense. So human greed and the aggression of the brokerage community create these bubbles from time to time. Charlie Munger: Robinhood trades are not free. If so, how do you think society should address it, especially because poor countries require much more cheap energy to reduce poverty?
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