And it was probably wise that we acted exactly as we did. Ideaweek St. Moritz -, 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, Secretary & Executive Vice President-Publications, Daily Journal, long overseen by Charlie Munger, halves stake in China's Alibaba. And, of course, its going to create trouble as it did. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. 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. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. CORRECTION - Daily Journal Corporation Announces Financial Resultsfor the Three Months.. Daily Journal Corporation Announces Financial Results for fiscal year ended September 3.. Daily Journal Corporation Announces Financial Results for the three months ended Decemb.. Daily Journal Corporation Announces Financial Results for fiscal 2017 ended September 3.. Daily Journal Corporation Announces Financial Results for Fiscal 2016 ended September 3.. Daily Journal Corporation Announces Financial Results for the Three Months Ended Decemb.. Daily Journal Corporation Announces Financial Resultsfor Fiscal Year Ended September 3.. Daily Journal Corporation Announces Financial Results for the Nine Months Ended June 30.. Daily Journal Corporation Announces Financial Results for the Six Months Ended March 31.. Daily Journal Corporation Receives Notice Regarding Non-Compliance With NASDAQ Listing .. Daily Journal Corporation : Announces Financial Results for the Three Months Ended Decembe.. Daily Journal Corporation : Announces Financial Results for the Fiscal Year ended Septembe.. Daily Journal Corporation : Announces Financial Results for the Nine Months ended June 30,.. Daily Journal Corporation : Announces Financial Results for the Six Months ended March 31,.. Interim 2023 Earnings Release (Projected), THE NEW YORK TIMES COMPANY : Q1 2023 Earnings Release (Projected), NEWS CORPORATION : Q3 2023 Earnings Release (Projected), REACH PLC : Interim 2023 Earnings Release, Daily Journal, long overseen by Charlie Munger, halves stake in China's Alibaba. I think you should try and make your money in this world by selling other people things that are good for them. Daily Journal Corp is an investment fund managing more than $174 million ran by Tu To. Without the method of learning, youre like a one-legged man in an ass-kicking contest. My guess is we have suffered some editorial quality. Type a symbol or company name. Can you speak to the causes, the trend, and make some predictions? How do I update this listing? I think any intelligent person can get to be pretty good as an investor and avoid certain obvious traps. I dont think that hydrocarbons are going. Absolute insanity. But he knew how to learn what he didnt know. Theyre just very simple. are based in the United States. Billionaires Group 2022 Junto Investments, all rights reserved. And thats what we have going in the stock market in a frenzy thats fed by people who are getting commissions and other revenues out of this new bunch of gamblers. Daily Journal Corporation ( NASDAQ: DJCO) is a business and legal news and advertising editorial in California. As a matter of fact, its not clear to me that China would have done better if theyd copied every aspect of English civilization. What are the psychological implications of this type of market behavior? We give you the access and tools to invest like a Wall Street money manager at a Main Street price. Munger became Chairman (because he was an attorney). Visit Investor Network Presentation / Fact sheet Get the summary on ISDR today, including a copy of our recent investor presentation View Now US Global HQ One Glenwood Ave, Suite 1001 Raleigh, NC 27603 Tel: +1.919.481.4000 Fax: +1.919.481.6222 info@issuerdirect.com Question: Why, almost two years ago, did you believe that Costco was the only U.S. stock worth buying? Im just learning as I go along. -144-01 clinical trial in advanced melanoma during SITC in November 2022 and in a subsequent companion publication in the Journal for ImmunoTherapy of Cancer . Florida would have a really serious problem. 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. Webcast. When you pay for order flow, youre probably charging your customers more and pretending to be free. But, no, I dont think Treasury securities are a big problem. And its a shame that the economics textbooks dont emphasize how much a growing economy needs poverty in order to get out of poverty. He didnt know one damn thing about the Daily Journal when we made him head of it. Since the annual event first launched in 1996 . How do you recognize a potential downfall in a company you hold/invest in? Costco I do think has one thing that Amazon does not. It showsed how wise we were to put him there in the first place. The wealth management industry has a crisis on its hands. I think the Chinese were very smart. Question: Should there be a tax on buying stock now that Robinhood trades are free? Charlie Munger: Im a great admirer of Jeff Bezos whom I consider one of the smartest businessmen who ever lived. But there again, it's an interesting thing. I kind of admire the way Bill takes on these very hard problems. And what he does is he sells about half of them always. The company operates in two segments: Traditional business and Journal Technologies. They are joining the modern world very rapidly and theyre getting very skillful at operating. 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. What, for example, would you recommend as course materials? Charlie Munger at the 2021 Daily Journal annual meeting spoke once again at great length. So, Im kind of pleased that Im still functioning at all. How are they similar or different? Create your Watchlist to save your favorite quotes on Nasdaq.com. The original newspaper, The Daily Court Journal (Los Angeles), began publication in 1888. Charlie Munger: I cant think of a We paid high prices for some little companies in the course of trying to enter the court software business. [1]: You are going to be flabbergasted. He had a long and wonderful run. Charlie Munger: Well, of course, the places downsized. You must have a subscription to view WhaleScore histories. In 1978, the year Deng Xiaoping took over, it was 300. 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. He had excellent judgment. Would you mind elaborating on how a professor or individual should go about building a curriculum around this approach? Question: What is the wisdom behind holding bank stocks compared to other stocks. We made the rich richer, not as a deliberate choice, but because it was an accidental byproduct of trying to save the whole civilization. Bei der Nutzung unserer Websites und Apps verwenden wir, unsere Websites und Apps fr Sie bereitzustellen, Nutzer zu authentifizieren, Sicherheitsmanahmen anzuwenden und Spam und Missbrauch zu verhindern, und, Ihre Nutzung unserer Websites und Apps zu messen, personalisierte Werbung und Inhalte auf der Grundlage von Interessenprofilen anzuzeigen, die Effektivitt von personalisierten Anzeigen und Inhalten zu messen, sowie, unsere Produkte und Dienstleistungen zu entwickeln und zu verbessern. Question: What are Mr. Mungers thoughts on the recent GameStop short squeeze by social media and the resulting implications on short selling in the future? I think the world is gonna be quite different. Question: Does management, in your opinion, have a moral responsibility to have their shares trade as close to fair value as possible? Questions: Now that we are cash flow positiveassuming the software business is investing organically as much as it canwhat is the philosophical thinking with respect to capital allocation at the Daily Journal. Of course, if he had a chance to do it over again, he would avoid those mistakes. Gerry, can you ever remember Rick down? Intelligent Investing in Crisis Mode. Theyve served us well over the years. Until his recent step-down as chairman of the board in April, the marketable. Our sole purpose is to serve the members of MOI Global as well as we possibly can in order to help them learn, invest intelligently, and build lifelong friendships with like-minded people. Daily Journal - Overview, News & Competitors | ZoomInfo.com Daily Journal Corp is based out of Los Angeles. Performance numbers calculated through 2023-02-14. Thats the good news. Question: Your advice given on choosing a good spouse in Poor Charlies Almanac is terse. Questions: Why are some people incapable of learning new ideas and behaviors? Jeffrey Stacey, I enjoy it and others will also. Asian Investing Summit Non-members may peek into the world of MOI Global via limited access. Question: Eugene Abegg seems like he was one of the best bankers of the last century, achieving both extremely low loan loss rates and earning around 2% on assets over a long time period. Has there been anything that has surprised you, and what would be your best advice to someone starting a business now? You get crazy booms. Any tips on how to generate insight in these types of situations? Charlie Munger: I dont know anything about Haven. Would you share a few stories about him and your fondest memory? Culture is very important. Quotemediais not affiliated with or approved by the U.S. Securities and Exchange Commission. What do you make of these two pricings? The Knowledge Moat: Keeping Competitors Out Through Ability, Constellation Software: Incentive Systems and Return Constraints. Announces Participation in 2023 ROTH Conference and 2023 UBS Global Consumer and Retail Conference. and a top 10 holdings concentration of 100.0%. They manage Could you give more examples both good and bad ones from your personal observations or through vicarious readings? CI. 2023 Annual Meeting. Throughout the transcript below, I have included clickable links to my notes and articles . You are limited to the prior 8 quarters of 13F filings. Charlie Munger: Well, the people doing the computer software are doing magnificently wellthe people under Gerry: Maryjo and Danny. Im not saying that oil and gas is going to be a wonderful business but I dont think its going away. Rick was always humorous. Question: What is the biggest competitive threat to U.S. banks like Bank of America and US Bankboth equity holdings of the Daily Journal Corporationover the long term? At about the same time, we bought a newspaper in Phoenix and that worked out extremely well. Gerald Salzman: Well, we dont think about mistakes. 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. Charlie Munger: I think Ive learned to avoid zoning work. Question: BYD is in the Daily Journal stock portfolio with a very big paper gain. No one knows for sure just how much government intervention is wise and at what point the government should stop intervening. And, of course, its regrettable. I think were into a lot less travel and a lot more Zooming. John Lambert, First class in every way. I tend to avoid the ones which Im not good at and Im not good at a lot of different problems. Furthermore, hed gone through the Great Depression. I think theyre a bad investment when interest rates are this low. If you dont have master the rest of the knowledge you cant synthesize it with psychology. These symbols will be available throughout the site during your session. That makes the whole thing very awkward. As November inches closer, all things in the political world will ultimately begin and end with the midterm elections.
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