daily journal corporation investor relations daily journal corporation investor relations

Matthew Peterson is the Managing Partner of Peterson Capital Management, LLC. for DAILY JOURNAL CORP, Top 20 equal-weighted holdings. He cared terribly about not making bad loans or incurring dumb expenses. I have a very simple idea on the subject. The agent name of this company is: GERALD L SALZMAN ,and company's status is listed as ACTIVE. Question: Mr. Munger is a champion of Chinese stocks. Gerrys lived a long time too and I think we both have been lucky. Munger became Chairman (because he was an attorney). Previously, Buntain worked at The Carlyle Group, where he . Members of MOI Global enjoy complimentary access to a growing array of resources and content related to the art of intelligent investing. Question: You identified the opportunity in electrification and invested in BYD. Theyve got a better reputation for providing value than practically anybody, including Amazon. During his tenure with Diamond, Matthew worked with top-tier investment banks, global payments firms, and international insurance companies to deliver high impact solutions to his clients most challenging business problems. Its really kind of an artificial substitute for gold, and since I never buy any gold, I never buy any Bitcoin. How are they similar or different? Asian Investing Summit I think you can count on the fact that if we really like the company and we like the managementand that is the way we feel about BYDwere likely to be a little too loyal. Trending Stocks. Thats the nature of capitalism. Investor Relations (IR) combines finance, communication, and marketing to effectively control the flow of information between a public company, its investors, and its stakeholders. Daily Journal Subscribe to the Daily Journal for access to Daily Appellate Reports, Verdicts, Judicial Profiles and more. I call it deworsificationwhich I copied from somebody. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. I think that inequality is absolutely an inevitable consequence of having the policies that make a nation grow richer and richer and elevate the poor. Charlie Munger: I dont know anything about Haven. How would they think about current opportunities with low rates and low inflation? Look around all this real estate. Charlie Munger: I have seen an episode or two of the Queens Gambit. Charlie Munger: Well, you know, I had a failed marriage, so I dont think Im in the perfect position to advise the young about marriage. BYD sells at nearly 200 P/E. He had a long and wonderful run. A lot of people assume that since England led the Industrial Revolution and had free speech early that free speech is required to have a booming economy as prescribed by Adam Smith. 2022. John Lambert, First class in every way. 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! email address below and choose 'Submit'. The fund focuses on investments in the United States as DAILY JOURNAL CORPORATION. Any tips for someone who wants to work on and improve their ability to hold two opposing views at the same time? When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. #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 the next time around the poor will get richer faster than the rich. And they dont do that very wellIm talking about the business schools. But I dont think thats going to end up with a mistake. He lived in a particular town. It was absolutely incredible. Daily Journal Corporation Announces Financial Results for Fiscal Year ended September .. Daily Journal : Fiscal Q3 Earnings Snapshot. The average salary for Investor Relations Director at companies like DAILY JOURNAL CORP in the United States is $173,091 as of November 23, 2022, but the range typically falls between $149,030 and $199,970. Gerald Salzman: Well, we dont think about mistakes. And in biology, what happens is the individuals all die, and eventually, so do all the species. Whalewisdom has at least 38 13F filings, and 33 Form 4 filings. You get crazy booms. DATAROMA Superinvestors Portfolio Holdings Charlie Munger - Daily Journal Corp. Period: Q4 2022 Portfolio date: 31 Dec 2022 No. 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. As for some of our technology, like eFiling for example, the courts are closed. 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. And, of course, its going to create trouble as it did. They manage I said to Rick, were going to make Gerry the head of the Daily Journal. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.To learn more about Yahoo Finance Plus please visit: https://yhoo.it/33jXYBpConnect with Yahoo Finance:Get the latest news: https://yhoo.it/2fGu5BbFind Yahoo Finance on Facebook: http://bit.ly/2A9u5ZqFollow Yahoo Finance on Twitter: http://bit.ly/2LMgloPFollow Yahoo Finance on Instagram: http://bit.ly/2LOpNYzFollow Cashay.comFollow Yahoo Finance Premium on Twitter: https://bit.ly/3hhcnmV I find that by working at that, I can actually make some improvements even though Im old. Question: It is estimated that the Gates Foundation has saved well over 100 million lives. If you try and reduce the poverty too much, its counterproductive. What, for example, is to stop the Chinese government from simply deciding one day to nationalize BYD? A lot of the people who are doing this remote worka lot are going to work three days a week in the office and two days a week at home. Question: I enjoyed your Caltech interview and wanted you to elaborate and provide more insights on your point of great investors and great chess players. Member of equity research team highly ranked by Institutional Investor and The Wall Street Journal. All rights reserved. I think the bankers of today could learn a lot from Eugene, but little is known of him. If you take the last 100 years, 1922 to 2022, most of modernity came in in that 100 years. They do way more good than harm. Daily Commerce. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. Im Charlie Munger, Chairman, and to my right is Jerry Salzman, CEO. You are on record as a zealous fan of the Chinese work ethic and Confucian value system. That approach will never go out of style. It sold the previously owned 9,745 shares for $357 thousand. Daily Journal Corp. [2]: Its business model offers investors leverage to commodity prices and exploration upside but with a much lower risk profile than a traditional mining company. Best Ideas Conference Timeless Selections I find it much easier to find four or five investments where I have a pretty reasonable chance of being right that theyre way above average. As we can see from the deteriorating U.S. relationship with China, the Western world does not understand China. I think I would have lived a long time if I had lived a different life. All-Time Favorites We hope theyll continue doing magnificently well. 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? Tom Gayner, Adds value to my research process. But, of course, I think there will be more automation in transportation of all kinds in the future. "While Kimberly was head of Investor relations . I said it wont matter. MOI Global en Espaol. As November inches closer, all things in the political world will ultimately begin and end with the midterm elections. Charles T. Munger, who is also vice chairman of Berkshire Hathaway, is the former chairman and a current director.. Publishing business. It reminds me of the key phrase and Bunyans Pilgrims Progress in which he says: My sword I leave to him who can wear it. Gerry, dont you think were doing pretty well? Throughout the transcript below, I have included clickable links to my notes and articles . The mantra he said over and over again is very simple. Announces Participation in 2023 ROTH Conference and 2023 UBS Global Consumer and Retail Conference. Do Not Sell My Personal Information (CA Residents Only). Of course, that will still work. Charlie Munger: I think Ive learned to avoid zoning work. With that one exception, Ive stayed out of Sequoias business because theyre so much better at it than I would be and I dont know how to do it the way they do it. So its very difficult. View the latest DJCO financial statements, income statements and financial ratios. Implementation is expensed as provided, while the long-term recurring high-margin revenue is not yet included on the income statement. But I do admire what the Chinese have done. But I do think politics is getting more full of hatred and irrationality than it used to be in America and I dont think thats good. 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. Seneca Foods Reports Sales and Earnings for the Three Months Ended July 2, 2022 8/11/2022 4:10 PM. Charlie Munger: I dont think so. Charlie Munger: Thats too hard in general a question for me. The hydrocarbons are also needed as chemical feedstocks. Question: What is the wisdom behind holding bank stocks compared to other stocks. I just see more and more of the rich people leaving. For example, Coca-Cola in the past. A little wisdom in spouse selection is very desirable. Billionaires Group Nasdaq provides companysSEC filings, which arefinancial statements andreports filed electronically with the U.S. Securities and Exchange Commission (SEC) byQuotemedia. Latticework New York That doesnt happen. It's always a wonderful pleasure to hear Charlie Munger speak at the Daily Journal Annual Meeting. Whoever dreamed when I was young that Kodak and General Motors would go bankrupt. Once again, the wit and wisdom of Charlie Munger was on full display at the deceptively youthful age of 97! I think the result would have been worse if either party had been in control all by itself for the whole period. Question: I was wondering if you could share some thoughts on Haven, particularly why it was ultimately closed. You are going to be flabbergasted. Were beholden to the guidelines of the county of Los Angeles and other counties. Performance -, 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. LEARN MORE. 2022 Junto Investments, all rights reserved. Question: It seems likely that the current Fed policy of keeping interest rates near zero will only exacerbate the income disparity in this country by benefiting those who own the financial assets. Your proxy in the enclosed form is solicited by the Board of Directors of the Company for use at the Annual Meeting of Shareholders to be held on February 12, 2020 at 10:00 a.m. Pacific Standard Time, at The Center at Cathedral Plaza, at 555 W . Discover something new every day from News, Sports, Finance, Entertainment and more! 2022. I prefer the United States. On the other hand, the buses in Los Angeles work on natural gas. When you pay for order flow, youre probably charging your customers more and pretending to be free. 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. Think of whats died in my lifetime. Bitcoin at 50,000 or Teslas fully diluted enterprise value of 1 trillion. Apartments have come through better. We have our crotchets and I just dont know enough about it to want to go into that activity. Charlie Munger: Well, I so rarely hold a company like BYD that goes to a nosebleed price that I dont think Ive got a system yet. Theyve served us well over the years. Create your Watchlist to save your favorite quotes on Nasdaq.com. As a matter of fact, it will be here for a long, long time if we stop using many hydrocarbons in transportation. Transcribed image text: Auditor Changes at Daily Journal Corporation Charlie Munger is vice chairman of Berkshire Hathaway Inc. and is informally known as Wa ren Buffetr's "right arm. We were trying to save the whole economy under terrible conditions. There are these periods in capitalism. DAILY JOURNAL CORP Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-K) AQ. Today, the majority of contractual revenue that can be identified is from implementations and licenses. Charlie Munger: Well, the business around here that has the most promise is our software business automating the courts. All the good things. Who gets rich faster by class is going to vary over time and I dont think anybody should be too concerned by it. The number of people who ever got a chance to do it again is zero. Investor Letter Excerpts Bill Gates has written a book on this subject recently in which he concludes that it would be expensive but it could be handled. Charlie Munger: Well, Im constantly making mistakes where I can, in retrospect, realize that I should have decided differently. On the other hand, it could be handled. Investors play a major and vital role in the success and growth of a company. Governance. He absolutely took over a malarial swamp and turned it into modern Singaporein his own lifetime. And I dont know whether hes right or not. Who is MOI Global? These positions were updated on January 5th based on the funds latest 13F filing. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. 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. And I just think it was academically inconvenient for them. 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. Quotemediais not affiliated with or approved by the U.S. Securities and Exchange Commission. Youd say that everybody does that in their education but I dont think everybody does. Question: Does management, in your opinion, have a moral responsibility to have their shares trade as close to fair value as possible? What do you think we can do to help those who are currently falling behind as a result of this pandemic? So human greed and the aggression of the brokerage community create these bubbles from time to time. And I think the world would be better off without them. 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. Classified advertising is down significantly. And were gonna play that as hard as we can. Membership Tour I dont think that hydrocarbons are going. Question: You and Warren have been adept at quickly sizing people up, particularly business leaders and potential business partners. 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. Of course, that made him very leery of dumb loans. He was always upbeat. Its difficult to break into the legal advertising system which supports so many newspapers, not only in California but elsewhere. And when the evidence came in that the system wasnt working very well because some of the employees were cheating some of the customers, they came down hard on the customers instead of changing the system. Ellen Ireland will be inspector of elections. I admire him that much. I dont follow that practice but I dont criticize it either. What could investors do to cope better with periodical frenzy? Do you think this is a worthwhile policy objective given the effect it has on creating financial excesses and income inequality? Investor Relations & Corporate Communications 650-260-7120 ext. [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. Ideaweek Podcast I own some apartment houses, so I like that investment, provided youve got a perfect management which is hard to get. 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). They wouldnt be a lot happier if they were richer or a lot less happy if theyd been poor. Nobody should believe that Robinhoods trades are free. All rights reserved. I think that to some extent the complaint about the rich getting richer as a result of the COVID panic is a misplaced concern. And some bankers yield to the temptations. Meet-the-Author Summer Forum 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. When I was young, I rezoned some properties very successfully. But the Chinese have proved that you dont need free speech to have a wonderful economy. But I dont think everybody can be a great investor or a great chess player. Ive been pretty quiet. And when the old CEO of the Daily Journal died, Gerry was managing the business affairs of the Munger Tolles law firm. I think management should tell it like it is at all times and not be a big promoter of its own stock. Charlie Munger: Its partly culture but a lot of it is just born in and its a quirk. And you mentioned technologythats very, very important. Its just that the investment banking profession will sell shit as long as shit can be sold. Thats what weve been doing throughout my whole lifetime. Think of all the monopoly newspapers that used to be, in effect, part of the government of the United States. Youve said recently that Sequoia is the greatest investment firm ever. Could you share the secret to living a long, healthy, and happy life? Until his recent step-down as chairman of the board in April, the marketable. The board includes high-profile names such as Rick Guerin, Peter Kaufman, and Charlie Munger. Its hard to run a bank intelligently. 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. I recommend that other people follow my practice. Download 13F Summary And I dont think that we or the Daily Journal is getting ahead because weve got some wonderful macroeconomic insight. Zurich Project Podcast Gerald Salzman: Charlie refers to the courts, many times. The Frankfurt Conversation, I got more out of Ideaweek than any investing-related event Ive been to since 1986. Peter Leacock, Senior Portfolio Manager, CIBC Wood Gundy. Because even as a boy, I knew a lot about who was sound who wasnt sound in Ohama. That was not a startup, but it was so small and thinly traded that we were buying into a venture capital type investment but in the public market.