daily journal corporation investor relations

Question: How do you control your investments in a world where reasonable companies with a good image like General Electric sink rapidly into the bottomland of the stock market. Charlie Munger: Well, of course, if a person is a chronic drunk, we avoid him. I was very lucky. Charlie Munger: Early 70s. Until his recent step-down as chairman of the board in April, the marketable. Those are pretty good rules and theyre pretty simple. Given the developments over the past year, could you give us an update on your assessment of wretched excess in the system? regarding their board of directors using the Board Diversity Matrix. Charlie Munger: Well, of course, if they bring in a brand new technology you dont understand at all, youre at something of a disadvantage. So, its a very interesting competitive field. Thats what the communists are doing. That was a big error in judgment. The first rule of a happy life is low expectations. Charlie Munger: Well, he was one of my closest friends for many decades. One of the interesting things about the Daily Journal is that we made all that money in the foreclosure boom. The company operates in two segments: Traditional business and Journal Technologies. Some people think that value investing is you chase companies that have a lot of cash and theyre in a lousy business or something. The editorial team seeks out thought-provoking insights and variant perspectives from across the membership network and beyond. The votes in favor of that are 995,356 against 120. Question: Do you think its best to invest in the common stocks of businesses early or while they are more nascent and the industry is smaller, or wait until they are the clear winner of a more mature industry? You dont need to worry about them. You once said to study the life and work of Lee Kuan Yew. 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. Type a symbol or company name. Always on point. And the next time around the poor will get richer faster than the rich. I think the world is gonna be quite different. 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. Question: Mr. Munger is a champion of Chinese stocks. Question: You have revised your famous talk on the standard causes of human misjudgment with considerable new material back in 2005. Thats a really good rule. Daily Journal Corporation has 1 stars. Licensed software for many ten-year contracts is currently in the multi-year implementation stage. Youve said recently that Sequoia is the greatest investment firm ever. Youve reached the limit of my circle of competence. Washington State is actually considering a wealth tax at the state level. Question: You famously run investments through your mental checklist. Chuck Royce. So he was just a perfect banker if you wanted never to have any trouble. Ive been engaged in recent years in trying to create a better type of student dormitory. We are subject to the orders and directions of those counties which, before, really didnt impact anything. Request Information And there arent many people that can do that. And so, we cant promise were going to succeed. I think the Chinese were very smart. Part of the reason for that was cultural. And, of course, it works way better than our medical system. The base salary for Investor Relations Manager in companies like DAILY JOURNAL CORP range from $117,251 to $165,504 with the average base salary of $145,822. Copyright by BeyondProxy. Computershare Investor Services 8742 Lucent Boulevard, Suite 225 Highlands Ranch, CO 80129 . Charlie Munger: Yes, I think that is rising as we sit here. Charlie Munger: Ladies and gentlemen, wherever you are, via Yahoo finances website. And I think, by and large, we made the most practical decisions that were available to us. I think its much easier to find five than it is to find a hundred. Subscribe Columns Labor/Employment Viking River PAGA ruling has no clear destination for employers Mar. It was absolutely incredible. He was just so damn smart. -, 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. But, of course, its a very difficult field. That thing circulates. I think they stopped because if you taught that course, youd be stealing the best cases from the individual professors of marketing and so on and so on. Chinese stocks are often sensitive to geopolitical events, and news that Biden and Xi will meet later this year could signal a thaw in relations between China and the U.S. Daily Journal Corporation Reports Quarterly Revenue $11.68 Mln Daily Journal Corporation says For Nine Months Ended June 30 Consolidated Revenues Of $35.7 mln Versus $30.6 . 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. This is cheap compared to Tesla currently valued at over 1100 times P/E and 24 times sales. Investor Relations (IR) combines finance, communication, and marketing to effectively control the flow of information between a public company, its investors, and its stakeholders. They are joining the modern world very rapidly and theyre getting very skillful at operating. Tilly's, Inc. to Report Fiscal 2022 Fourth Quarter Operating Results on March 9, 2023. About the awards. No, I dont have any secrets. 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. Whalewisdom has at least 38 13F filings, and 33 Form 4 filings. I dont define that as value investing. Question: Your advice given on choosing a good spouse in Poor Charlies Almanac is terse. See our Terms, Privacy Policy, and Disclaimer. Daily Journal Corp - Portfolio Holdings, AUM (13F, 13G At KB Home, social responsibility means investing in the relationships we have with our employees and within our communities. Question: Previously, you have said; It takes character to sit with all that cash and do nothing. And its a shame that the economics textbooks dont emphasize how much a growing economy needs poverty in order to get out of poverty. Charlie Munger: I think any rich nation ought to have a social safety net that expands a little with its wealth. Theres a lot of competition and were a very small company compared to our main competitor. Look around all this real estate. Wheaton is the world's premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets. And they dont do that very wellIm talking about the business schools. Featured Content Were all pretty forgiving of ourselves too which is probably a good thing. One thing I can promise is that I wont contribute much to it because I dont understand it. USD. It was a background that helped everybody. Members of MOI Global enjoy complimentary access to a growing array of resources and content related to the art of intelligent investing. Latticework New York 13F filing from DAILY JOURNAL CORP, enter your People really trust Costco will be delivering enormous value. Question: You identified the opportunity in electrification and invested in BYD. 2023 Annual Meeting. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. I own some apartment houses, so I like that investment, provided youve got a perfect management which is hard to get. I expect less out of bankers than he does. Do you agree that there is a close parallel to the late 90s and that this, therefore, must end badly?. Under Nasdaq's Board Diversity Proposal, operating companies listed on Nasdaq's U.S. exchange, including Daily Journal Corporation (DJCO), are required to publicly disclose diversity statistics . Los . They manage I said to Rick, were going to make Gerry the head of the Daily Journal. Rich Eisinger, Great content, great people. What do you think the long-term consequences will be? For example, Coca-Cola in the past. We would all say that. And if you have a free market system thats trying to get rich in the way recommended by Adam Smith, what happens is that its a very irritating system because the poverty that causes so much misery is also causing the growth that makes everybody get out of poverty. Charlie Munger: I think Ill skip that one. Daily Journal Corp is an investment fund managing more than $174 million ran by Tu To. Questions: Many observers see market behavior that reminds them of the Dot Com bubble: wild speculation, endless SPACs, and IPOs soaring on their first day of trading. He was always upbeat. I think that would be insanity. Information and insights on key investors, paired with strategic outreach to help corporations capitalize on relationships. Copy and paste multiple symbols separated by spaces. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. Currently, their heaviest sector is Finance making up 81.3% of Charlie Munger: I think Warren and I are better at buying mature industries than we are at backing startups like Sequoia. Question: In your past speeches, you have mentioned the term functional equivalent of embezzlement to describe situations where bubbles can form because both parties involved in a bubble believe the asset to be worth more than it truly is. Charlie Munger: I dont know how permanent its going to be but it certainly caused a change. How concerned is he about Chinese government interference as seen recently with Ant Financial, Alibaba, and Mr. Jack Ma. 2022. Of course, people behave more sensibly when theyre spending their own money. How do you recognize a potential downfall in a company you hold/invest in? Seneca Foods Reports Sales and Earnings for the Three Months Ended July 2, 2022 8/11/2022 4:10 PM. You are going to be flabbergasted. Gerry, dont you think were doing pretty well? 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: Well, the one charitable institution where I have had some influence for a very long time has a whole bunch of hotshot financiers in every branch of wealth management there is on the board.

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