daily journal corporation investor relations Washington State is actually considering a wealth tax at the state level. 1, 2023 By Tal Burnovski Yeyni A California court of appeal held it was not bound by SCOTUS' ruling. Its just that some people look for values in strong companies and some look for values in weak companies. Knox Lane hires Buntain to head investor relations | PE Hub It was absolutely incredible. Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. containing a link to download the .zip file of the CSV file(s) you requested. Culture is very important. Its chairman is Steven Myhill-Jones. I was good at having low expectations and that helped me. Daily Journal Corp. (S.C.) Common Stock (DJCO) - Nasdaq And I applaud the result. But, of course, you should start out by studying the history of capitalism, how it worked, and why before you start studying business. Question: You often advocate for learning from other peoples big calamities and stupidities. Charlie Munger: Well, the people doing the computer software are doing magnificently wellthe people under Gerry: Maryjo and Danny. On the other hand, it could be handled. He was old as I am. That recognized reality and worked way better than what other people were doing. However, could you be more specific? Investors Will Want Seneca Foods' (NASDAQ:SENE.A) Growth In ROCE To Persist 7/31/2022 8:49 AM. 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. LEARN MORE. Matthew worked as a member of both the U.S. and U.K. offices, with expertise spanning from risk management to derivative processing. Investor Relations & Corporate Communications 650-260-7120 ext. the MV of securities sold, whichever is less, Gerald Salzman: Always upbeat, yes. One of the great advantages of the way Berkshire operates is that we associate with a lot of marvelous people. I said it wont matter. Matthew has over a decade of experience with global financial services firms including Goldman Sachs, Morgan Stanley, Merrill Lynch, American Express, and Ameriprise Financial. Its difficult, but its not impossible investing in bank stocks successfully. CFO & Investor Relations Contact: 398.5k: N/A: 1962: Ms. Maryjoe Rodriguez: Pres: N/A: N/A: 1984: Ms. Michelle Stephens: Exec. The jurisdiction for this foreign stock company is SOUTH CaliforniaROLINA. Charlie Munger: Well, thats a very good question. Governance. He was fun to be with because he was always jumping out of airplanes and parachutes and running marathons and so on, doing all kinds of things I would never consider doing. The two most similar investment funds to Daily Journal Corp are Platform Technology Partners and Mtm Investment Management. Is it digital wallets like PayPal, Square, or Apple Pay? If you take the last 100 years, 1922 to 2022, most of modernity came in in that 100 years. Question: Does management, in your opinion, have a moral responsibility to have their shares trade as close to fair value as possible? Announces 2022 Holiday Period Net Sales, Updates Fourth Quarter Outlook. But everybody cant be better than everybody else. That is true and makes sense. As we can see from the deteriorating U.S. relationship with China, the Western world does not understand China. What happened is that BYD is very well positioned for the transfer of Chinese automobile production from gasoline-driven cars to electricity-driven cars. One of my smartest friends in venture capital is constantly getting huge clumps of stocks at nosebleed prices. If you dont spend the money, you and your heirs get to spend it eventually. FOR ANNUAL MEETING OF SHAREHOLDERS. I think people have the theory that any intelligent hardworking person can get to be a great investor. So I think what China has done was probably right for China and that we shouldnt be so pompous as to be telling the Chinese they ought to behave like us because we like ourselves and our system. We hope theyll continue doing magnificently well. Everybody has shortcuts to screen out certain hazards. Apartments have come through better. On the other hand, we have a fair amount of time to do it. But we cant. Charlie Munger: Its hard to know what exact macroeconomic policy is correct. First Merchants Corporation (FRME) Stock Price, Quote & News - Stock Of course, its hard to negotiate in such a field. Were beholden to the guidelines of the county of Los Angeles and other counties. Daily Commerce Charlie Munger: I think Warren and I are better at buying mature industries than we are at backing startups like Sequoia. And they dont just keep everlastingly at it the way he did. #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. And in biology, what happens is the individuals all die, and eventually, so do all the species. Charlie Munger: Its a huge field in which we have a very interesting toehold with the strongest toeholds in Australia and California. No, I dont think I have anything to contribute. And why did you feel that Amazon had more to fear from Costco than Costco had to fear from Amazon? Gerald Salzman: Well, we dont think about mistakes. And I think the world would be better off without them. Question: Last February, you spoke about the wretched excess in the financial system. The best venture capital operation probably in the whole world is Sequoias and they are very good at this early stage investing. Daily Journal - Overview, News & Competitors | ZoomInfo.com Daily Journal Corp is based out of Los Angeles. Nobody was trying to make the rich richer. DAILY JOURNAL CORPORATION. Of course, that history is useful to know. Knowledge and know-how can act as an almost indestructible moat for a companys competitive position and growth prospects. Charlie Munger: 2022 Daily Journal Annual Meeting Transcript - Junto Previously, Buntain worked at The Carlyle Group, where he . Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of . Daily Commerce. And we immediately ascended, we put Gerry in, and hes made every decision wonderfully ever since. Knox Lane was founded in 2019. Annual stock financials by MarketWatch. And its rather interesting. I think most people are born with a happystat. Just think of the things that were once prosperous that are now in failure or gone. I think that the methods that Ive used including the checklists are the correct methods and Im grateful that I found them as early as I did and that the methods have worked as well as they have. And, what about passive investing? DAILY JOURNAL CORP MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RES.. Daily Journal Corporation Announces Financial Results for the Nine Months ended June 30.. Daily Journal : Fiscal Q2 Earnings Snapshot. I regard this as insanity. In 1978, the year Deng Xiaoping took over, it was 300. This years annual report suggests that the traditional business has 97 full-time employees. Youll remember that when the first big bubble came, which was the South Sea bubble in England back in the 1700s, it created such havoc eventually when it blew up that England didnt allow hardly any public trading and securities of any companies for decades thereafter. 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 its really stupid to have a culture that encourages as much gambling in stocks by people who have the mindset of race track betters. And, I think that could happen, but, of course, thats not a sure thing. All the buses. It was totally required. I didnt get to where I am by going after mediocre opportunities. Many, but not all SEC filings are available in the SEC's EDGAR database. Gerald Salzman: None. And if you cant do that, youre not gonna win the great chess championships of the world and youre not gonna do as well in business as Henry Singleton did. If I had stayed in Omaha, where I was raised, and gotten into the banking business, I would have been a hell of a good banker. Question: Why is Berkshire Hathaway selling shares of Wells Fargo as quickly as one can and the Daily Journal has sold one share? Thats one you can easily arrange. We love it anyway. So, its a very interesting competitive field. VP of Publications & Sec. Charlie Munger: Real estate has always been a difficult field. The largest investments include Bank Of America and Wells Fargo & Co, together worth $142 million. It doesnt happen anymore. 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: I think everybody is willing to hold stocks at higher price-earnings multiples when interest rates are as low as they are now. You are limited to the prior 8 quarters of 13F filings. 915 E. 1st Street. Implementation is expensed as provided, while the long-term recurring high-margin revenue is not yet included on the income statement. And I think both of us have done the same thing; we just suck it in and cope. What is interesting is that in wealth management, a lot of people think that if they have a hundred stocks theyre investing more professionally than they are if they have four or five. If we could make the world richer by just raising the minimum wage to $100,000 a second or something, of course we would do it but. Youd say that everybody does that in their education but I dont think everybody does. The majority of revenue is generated from Traditional business segment. But there again, it's an interesting thing. We got a dividend of two and a half million shortly thereafter. Can you provide similar insight regarding the future at the Daily Journal and would you consider implementing policies like those at Berkshire so shareholders can get to know the up-and-coming leaders in the organization? Question: Charlie, you are known as an advocate for learning from ones mistakes. Charlie Munger: Full Transcript of Daily Journal Annual Meeting 2021 Currently, their heaviest sector is Finance making up 81.3% of I dont think that hydrocarbons are going. Costco I do think has one thing that Amazon does not. In other words, its your money. Their last reported 13F filing for Q4 2022 included $174,434,000 in managed 13F securities 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 . Some people think that value investing is you chase companies that have a lot of cash and theyre in a lousy business or something. 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. But he was 90 years of age. Jeffrey Stacey, I enjoy it and others will also. I feel the same way about those choices. Some people have a natural trend toward good judgment, and with other people, their life is just a series of mistakes over and over again. On the payment ecosystem and its history, distributional strategies, the competitive positions of modern players like Stripe, Square, and Adyen, how Adyen is different from the two others, unified commerce, and a brief on the stock price. Mitch Gellman - Investor Relations & Strategic Adviser - LinkedIn Investor Relations Daily Journal Corp DJCO Valuation Morningstar Rating | Rating as of Jan 26, 2023 Quote Chart Stock Analysis News Price vs Fair Value . Of course, we accomplished quite a bit working together. Thats an interesting example of self-learning. By the way, the Harvard Business School, when it started out way early, they started out with a history of the business. When autocomplete results are available use up and down arrows to review and enter to select. Touch device users, explore by touch or with swipe gestures. Daily Journal Corp's portfolio is diversified across 3 sectors. Its just that the investment banking profession will sell shit as long as shit can be sold. -, Daily Journal Corp : Submission of Matters to a Vote of Security Holders (form 8-K), Charlie Munger downplays risk of Taiwan invasion, says crypto fans are 'idiots', Transcript : Daily Journal Corporation - Shareholder/Analyst Call. Gerry, being a sound thinker, you know, did the very unpleasant work of shrinking it appropriately without bothering me or Rick. Question: What is the wisdom behind holding bank stocks compared to other stocks. And what did the Chinese communists do with respect to death taxes? The disruption from the decline in newspapers has had a significant impact. Daily Journal Corporation Announces Financial Results for Fiscal Year ended September .. Daily Journal : Fiscal Q3 Earnings Snapshot. John Lambert, First class in every way. The original newspaper, The Daily Court Journal (Los Angeles), began publication in 1888. And by the way, I think its hard to teach. We are in fact being a more difficult type of software business than Microsoft. A little wisdom in spouse selection is very desirable. These symbols will be available throughout the site during your session. Members also enjoy preferential access to selected offline events as well as exclusive access to other events hosted by MOI Global, including the Zurich Project Summit, the Latticework Conference, and Ideaweek. 306.00. Put me down as skeptical. You dont need to worry about them. The votes in favor of that are 995,356 against 120. Question: Given all of your donations to physics, what is your favorite way of applying physics to societys problems and also to investing? The content provided on the Junto Investments (Junto) website is for informational purposes only, and investors should not construe any such information or other content as legal, tax, investment, financial, or other advice. Home - IR Magazine Awards - US 2023 By the way, thats not the normal outcome in America. Im just learning as I go along. 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. The mantra he said over and over again is very simple. I think when difficulty comes, I expect to have my share. I have a bust of Lee Kuan Yew in my house. Currently, Daily Journal Corp's portfolio is worth at least $174 million. But, I find that the old ways of doing things still work. Charlie Munger: Full Transcript of the 2021 Daily Journal Meeting - Junto Its entirely possible that our system is right for us and their system is right for them. Thats interestingwho in the hell is voting against the accountants? Wheaton is the world's premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets. Good Earnings for Salesforce Might Give Activist Investors a Chill Pill I think the world is gonna be quite different. What do you think of all of the SPACs and the promoters pushing them? So, the people part has changed quite considerably being a small company. I never buy any and neither does Daily Journal. Investors | Seneca Foods What do you think the long-term consequences will be? What do you look for in a leader? You know, its just, its incredible whats happened in terms of the destruction. Considering their system, that is not what he should have been doing. We dont have any other secrets, do we Jerry? At the age of 97, Charlie Munger wasnot surprisinglysharp as a tack. Charlie Munger: Early 70s. Charlie Munger: I think I had the right temperament. I dont even know how much more difficultor how much more dangerousit would be to deal with hydrogen than it is to deal with gasoline which is also a dangerous substance. Daily Journal Corp publishes newspapers and web sites covering California and Arizona and produces several specialized information services. The wealth management industry has a crisis on its hands. How did Eugene achieve incredibly low loan losses over the long term while so many other bankers have failed miserably? What I think is interesting about chess is, to some extent, you cant learn it unless you have a certain natural gift. Every value investor tries to get more value than he pays for. To the extent that my thoughts have helped my life, I think Ive pretty well run the course.