daily journal corporation investor relations

Has there been anything that has surprised you, and what would be your best advice to someone starting a business now? I think when difficulty comes, I expect to have my share. Everybodys got a different situation. And if there is one thing the world could learn from Singapore, what would that be? Type a symbol or company name. They lose their money fast enough. All rights reserved. Investor Relations & Corporate Communications 650-260-7120 ext. Good Earnings: Salesforce's revenue was up 18% year-over-year, totaling $31.4 billion, and it's expected to grow to $34.5 billion next year. are based in the United States. And since we are on the subject of selling potentially overvalued security, could you provide your systems for selling securities? 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. It operates through the Traditional Business and. Zurich Project Podcast I do think that a properly run bank is a great contributor to civilization and that the central banks of the world like controlling their own banking system and their own money supplies. 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. I think any intelligent person can get to be pretty good as an investor and avoid certain obvious traps. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. In other words, when we shout our knowledge out, were really pounding it out. But the Chinese have proved that you dont need free speech to have a wonderful economy. Eli Lilly's press statement said it's slashing prices to make insulin more accessible, and then flipped the onus onto . 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. And I think, by and large, we made the most practical decisions that were available to us. Daily Journal Corp's largest holding is Bank of America Corp. (North Carolina National Bank) with shares held of 2,300,000. You have said that the single best way is to deserve a good spouse because a good spouse is by definition not nuts. Charlie Munger: Well, of course, the places downsized. Billionaires Group Charlie Munger: Well, its most egregious in the momentum trading by novice investors lured in by new types of brokerage operations like Robinhood. And, of course, I think its vastly stupid for any state to be user-friendly to the rich people. I never buy any and neither does Daily Journal. Im way more comfortable owning two or three stocks which I think I know something about and where I think I have an advantage. And it was probably wise that we acted exactly as we did. Charlie Munger: Ladies and gentlemen, wherever you are, via Yahoo finances website. Question: Charlie, you have been a long-time admirer of Singapore and Lee Kuan Yew. 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! Both Berkshire and Li Lu own BYD Company which you spoke highly of in the past. So we have one basic system configured in a number of different ways, including workers comp for a large state in the United States. And then the previous 100 years, that got another big chunk of modernity. Charlie Munger: Well, it helps to be able to leave the IQ test early with the highest score. So, I think you can count on the fact that what were doing is going to be a big growing field. We miss Rick terribly. regarding their board of directors using the Board Diversity Matrix. But the accountants are duly elected. Investors play a major and vital role in the success and growth of a company. Everything you see is profit. So, to some extent, everybody buying medical services in Singapore is paying for it themselves. 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? 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. Until his recent step-down as chairman of the board in April, the marketable. John Lambert, First class in every way. Tilly's, Inc. I think that would be insanity. You once said to study the life and work of Lee Kuan Yew. So, of course, I admire him. The death tax in China is zero. Charlie Munger: I would go further. 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 Corporation (DJCO) - 8-K - Current report SEC FilingsYesterday, 3:57 PM Daily Journal Corporation (DJCO) - 10-Q - Quarterly Report SEC FilingsMon, Feb. 13 Daily. You used examples of Lee Kuan Yews good judgment in choosing someone with brains over certain physical attributes in your past interview. It closed the year with cash flow reaching $7.1 billion . I think that that will probably continue. We love it anyway. Larry Summers has recently been quoted as being worried that were having too much stimulus. Could you give more examples both good and bad ones from your personal observations or through vicarious readings? Charlie Munger at the 2021 Daily Journal annual meeting spoke once again at great length. When you pay for order flow, youre probably charging your customers more and pretending to be free. Thats very, very important. 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 That turned out to be a wonderful idea and thats one of the reasons we made all this money. The mantra he said over and over again is very simple. They wouldnt be a lot happier if they were richer or a lot less happy if theyd been poor. But you know, most people dont do that. 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 . and a top 10 holdings concentration of 100.0%. 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. But he could play chess blindfolded at just below the Grandmaster level. 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. Charlie Munger: Well, I dont think its required that we be exactly the same on everything. And I dont know whether hes right or not. They just copied Adam Smith and left out the free speech and it worked fine for them. To the extent that my thoughts have helped my life, I think Ive pretty well run the course. So far the evidence would be that maybe the monetary modern monetary theory is right. We take the situation as it is and try to solve it. All rights reserved. He was always upbeat. Communicated daily with internal traders and sales force, plus marketed globally to Buy-Side clients . Question: Do you believe any psychological personality tests, such as the Myers-Briggs Type Indicator, to be of any good in choosing a compatible partner, given that choosing a spouse is probably the most important decision one can make in life. So he was just a perfect banker if you wanted never to have any trouble. Absolute insanity. Always tell the truth and never lie to anybody about anything. Of course, that will still work. 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. So it gets very dangerous. These actions have given some shareholders more visibility and comfort on their investment. Buffetts donations to the foundation have obviously helped to save many millions. They do way more good than harm. I think theyd run rings around me. In 2010, that was down to 165 full-time employees and 15 part-time employees. Question: Why, almost two years ago, did you believe that Costco was the only U.S. stock worth buying? 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. "While Kimberly was head of Investor relations . So, I dont think Bitcoin is going to end up as the medium of exchange for the world. I think the bankers of today could learn a lot from Eugene, but little is known of him. the MV of securities sold, whichever is less, And, I was always aware of that and so Ive accepted these damned annual meetings. Or, has the digital revolution caused enormous productivity improvements in those businesses? He really knew everything you had to do to avoid credit losses in a small town in Illinois. DAILY JOURNAL CORP Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-K) AQ. (Disclosure: the author has a position in the Daily Journal Corporation - a reliable sell indicator.) N/A: N/A: N/A: . On the other hand, it could be handled. The only opinion I have there is that I dont think anybody knows whats going to happen for sure. No, I dont think I have anything to contribute. Of course, that made him very leery of dumb loans. 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. The Daily Journal Corporation is an American publishing and technology company with hidden assets and off-balance sheet value. or to simply have an email sent to you whenever we receive a new But there again, it's an interesting thing. In Singapore, you get a savings account the day youre born. Investor Letter Excerpts Im just trying to get a feel for what the long-term capital allocation is. This information can be used by investors to verify and understand the financial position of the company. Its doing a big public service. I dont think Gerry is surprised that the people doing the workMaryjo and Dannyare doing well. I think the Chinese have behaved very shrewdly in managing their economy and theyve gotten better results than we have in managing our economy. The stock appreciated probably way more than intrinsic value. Our 2023 Annual Meeting of Shareholders will be held on Thursday, May 4, 2023 at 8:30 a.m. Latticework London Of course, its going to be difficult. This information can be used by investors to verify and understand the financial position of the company. There arent that many people like Lee Kuan Yew that have ever lived. Information and insights on key investors, paired with strategic outreach to help corporations capitalize on relationships. And so, we cant promise were going to succeed. How can you not? Type a symbol or company name. 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? I have a bust of Lee Kuan Yew in my house. Value investors know Warren Buffett's classic retort to efficient market theory, "The . #CharlieMunger #DailyJournalAnnualMeeting #BerkshireHathaway Yahoo Finance is the exclusive live stream platform for the fully virtual Daily Journal ($DJCO) Annual Meeting with Chairman Charlie. Question: With all the work from home with Zoom and other technology, what do you think the future of commercial real estate looks like? So, the people part has changed quite considerably being a small company. Daily Journal Corp's portfolio is diversified across 3 sectors. I dont think Ive got any great insight about hydrogen. Charlie Munger: Well, these things do happen in a market economy. Licensed software for many ten-year contracts is currently in the multi-year implementation stage. Today, the majority of contractual revenue that can be identified is from implementations and licenses. He cared terribly about not making bad loans or incurring dumb expenses. And, I think that could happen, but, of course, thats not a sure thing. Do you agree with the premise and if so how would you address inequality? Because if you do that, Im a moral leper. I dont think it was a mistake to buy the Daily Journal when we did, paying the price we did. Charlie Munger: Its a huge field in which we have a very interesting toehold with the strongest toeholds in Australia and California. Our editorial system and our advertising system are all in the cloud. And I think thats what shareholders do. The disruption from the decline in newspapers has had a significant impact. Practically everybody does that. Click the button below to request a report when hardcopies become available. LEARN MORE. A single vial can cost upwards of $300, meaning a monthly cost of $1,000. Annual stock financials by MarketWatch. We are now a thriving global community of intelligent investors, connected through great ideas, thought-provoking interviews, online conferences, live member events, and much more. Question: The Federal Reserve appears to be supporting asset prices. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. As for some of our technology, like eFiling for example, the courts are closed. Charlie Munger: I dont think you can make that a moral responsibility. I dont think we have made a lot of horrible mistakes. Im just learning as I go along. I admire him that much. Gerald Salzman: Always upbeat, yes. Through invitation-only events and member publications, MOI Global fosters a community of intelligent investors united by a passion for lifelong learning. But Henry was a genius. Apartments have come through better. All the buses. 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. The meeting was held on February 24, 2021. In other words, to some extent, its a self-correcting system. Kipling once wrote a poem called The Women (The Ladies) and the concluding line was to the effect that you should learn about women from him instead of doing it yourself, because, he says, I know you wont follow my advice. When you respond to software by the RFP process, its a very difficult, demanding business and its less profitable and less sure than what Microsoft does. Has the quality of the publication suffered as the employment levels have decreased? And so, the stock went way up. And I applaud the result. Nothing is particularly obvious for everybody to do the same thing. Nobody was trying to make the rich richer. Latticework Podcast Its entirely possible that our system is right for us and their system is right for them. Delayed Nasdaq Question: What have you done to live such a long life? Gerald Salzman: Charlie refers to the courts, many times. Question: You are one of the oldest and greatest thinkers of our time. Occasionally, some damned fool will suggest something that violates the laws of physics and I always turn off my mind the minute I realize the poor bastard doesnt know any physics. Currently, their heaviest sector is Finance making up 81.3% of The company's other titles include Daily Commerce, The Daily Recorder and the Inter-City Express . I find that by working at that, I can actually make some improvements even though Im old. Astronics Corporation Announces Preliminary Sales for Fourth Quarter 2022 of $155 Million to $160 Million; Completes $205 Million Debt Refinancing Nov 15, 2022 4:05 pm EST Astronics Corporation Reports Third Quarter 2022 Financial Results Latest Presentation December 6, 2022 Truist Securities Industrials & Services Summit 2022 264 Sara.Pellegrino@iovance.com. But, of course, if we got a chance to do it again, we would do it better. But Im flabbergasted at how well theyre doing. I hope the newspaper survives too. Will we have fewer gas stations or truck stops in the future? Daily Journal Corp is based out of Los Angeles. Youre right. When completed, an email will be sent to the email address you specify What little newspaper company has come through the crisis of this destroying of all the newspapers better than the little Daily Journal? Appian: Well-Positioned Platform for Building Enterprise Software, PDF Solutions: Lowly Valued, with Net Cash and Growing SaaS Business, Interactive Brokers: Automated, Low-Cost, High-Margin Business. Its chairman is Steven Myhill-Jones. All we can promise is that were gonna try and so far as I can tell, were doing pretty well. Hed been a receiver for a bank. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. Gerald Salzman: Well, we dont think about mistakes. This is cheap compared to Tesla currently valued at over 1100 times P/E and 24 times sales. I think I would have lived a long time if I had lived a different life. Currently, Daily Journal Corp's portfolio is worth at least $174 million. And by the way, I think its hard to teach. The one thing I will say is that a lot of the moats that looked impassable, people found a way to displace. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Daily Journal Corp's largest holding is Bank of America Corp. (North Carolina National Bank) with shares held of 2,300,000. Thats true whether youre Benjamin Franklin or Joe klutz. This years annual report suggests that the traditional business has 97 full-time employees. Charlie Munger: No, I would say that of course, theres some new material in misjudgment. Charlie Munger: I have seen an episode or two of the Queens Gambit. 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? If so, how do you think society should address it, especially because poor countries require much more cheap energy to reduce poverty? And, pretty soon, he turned that into this gloriously prosperous place. There are factories in China that are just absolutely full of robots and are working beautifully. But, I hardly think the editorial quality could go way up when employees were going down. In addition, the fund holds 1,591,800 shares of Wells Fargo & Co worth $65.7 million, whose value grew 4.2% in the past six months. 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? It was an accident. Nasdaq provides companysSEC filings, which arefinancial statements andreports filed electronically with the U.S. Securities and Exchange Commission (SEC) byQuotemedia. I dont know which is worse. Latticework New York At about the same time, we bought a newspaper in Phoenix and that worked out extremely well. 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. The stock has gained so much this year and last year. I do think that Im way less afraid of inequality than most people who are bleeding about it. 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. He had excellent judgment. It doesnt happen anymore. Its just that the investment banking profession will sell shit as long as shit can be sold. Its a funny way to make money. So, no I dont think its the responsibility of management to assure where the stock sells. , whose value grew 4.2% in the past six months, Us Bancorp worth $6.11 million, with 140,000 shares owned, Town & Country Bank & Trust Co Dba First Bankers Trust Co, Stocks and cryptocurrency portfolio tracker. It also serves as a newspaper representative specializing in public notice advertising. First Merchants Corporation to Report Fourth Quarter 2022 Financial Results, Host Conference Call and Webcast. Announces Participation in 2023 ROTH Conference and 2023 UBS Global Consumer and Retail Conference. Its like evolution in biology. Question: Mr. Munger recently raised the alarm about the level of money printing taking place. Daily Journal Corporation Announces Financial Results for Fiscal Year ended September .. Daily Journal : Fiscal Q3 Earnings Snapshot. Those are pretty good rules and theyre pretty simple. When autocomplete results are available use up and down arrows to review and enter to select. Timeless Selections And like last year, you will in this note find a full transcript of the entire meeting. He was just a very old-fashioned sound thinker. Thats our system. Relative to the number of outstanding shares of Bank Of America, Daily Journal Corp owns more than approximately 0.1% of the company. But, of course, its a very difficult field. Part of the reason for that was cultural. No, I dont have any secrets. Member of equity research team highly ranked by Institutional Investor and The Wall Street Journal. Wheaton delivers amongst the highest cash operating . What I think is interesting about chess is, to some extent, you cant learn it unless you have a certain natural gift. containing a link to download the .zip file of the CSV file(s) you requested. Everybody has shortcuts to screen out certain hazards. And I think the world would be better off without them. Could you please elaborate on the subject and could you consider giving a talk on this particular subject? Question: I was wondering if you could share some thoughts on Haven, particularly why it was ultimately closed. Theyre in a place thats gotten more valuable. Investor's Business Daily (IBD), which . Thats the nature of capitalism. One of the great advantages of the way Berkshire operates is that we associate with a lot of marvelous people. The two most similar investment funds to Daily Journal Corp are Platform Technology Partners and Mtm Investment Management. 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. LOS ANGELES, CA Would you share a few stories about him and your fondest memory? And when things get as crazy as they were in the event youre talking about, there are threats of clearinghouse failure. Question: Charlie, you are known as an advocate for learning from ones mistakes. BILLERICA, Mass., (BUSINESS WIRE) -- Bruker Corporation (Nasdaq: BRKR) announced today that Gerald Herman, Executive Vice President & CFO will present on. 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? Matthew has over a decade of experience with global financial services firms including Goldman Sachs, Morgan Stanley, Merrill Lynch, American Express, and Ameriprise Financial. Voir plus Voir moins Financial Analyst PaineWebber, Inc - UBS fvr. And they dont just keep everlastingly at it the way he did. 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. Culture is very important. He lived in a particular town. Daily Journal Corp. We have different tax considerations. And, I was not surprised when it blew up. The fund focuses on investments in the United States as I own some apartment houses, so I like that investment, provided youve got a perfect management which is hard to get. And thats the way Eugene was in his community. Question: Last year, almost every ecommerce, internet, and internet adjacent stock was up 100 plus percent. Ill paraphrase here. Generally, what people do is they have financial reserves so they have some options if trouble comes, and they adapt the way Gerry has to require downsizings or require upsizings. It showsed how wise we were to put him there in the first place. I recommend that other people follow my example. CI. Announces 2022 Holiday Period Net Sales, Updates Fourth Quarter Outlook. We have offices in all the major cities in California and also in Logan, Utah. I think all good investing is value investing. All rights reserved. Always on point. Daily Journal Corporation Announces Financial Results for the Six Months ended March 31.. Daily Journal : Announces New Chairman and CEO - Form 8-K. Daily Journal Corp : Change in Directors or Principal Officers, Financial Statements and E.. Daily Journal Corporation Announces New Chairman and CEO, Daily Journal : Fiscal Q1 Earnings Snapshot. Daily Journal Corp (DJCO) 10K Annual Reports & 10Q SEC Have you considered amending this quote or lowering your standards? They really need the world to stay the way it is. Question: What do you hope the future of the Daily Journal Corporation looks like in a decade? Some people think that value investing is you chase companies that have a lot of cash and theyre in a lousy business or something. Ideaweek Podcast Considering their system, that is not what he should have been doing. Investor Relations Daily Journal Corp DJCO Valuation Morningstar Rating | Rating as of Jan 26, 2023 Quote Chart Stock Analysis News Price vs Fair Value . Do you agree that there is a close parallel to the late 90s and that this, therefore, must end badly?. 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. You can argue that I got close to Sequoia when with Li Lu we bought into BYD. 2023, Nasdaq, Inc. All Rights Reserved. And, of course, he hated costs. We bought all these buildings cheaply. It was totally required. $174 million and $174 million respectively. How do I update this listing? Daily Journal Corporation Reports Earnings Results for the Full Year Ended September 30, 2022. Of course, its hard to know what the future holds when in a complex system where you cant predict a lot of things. And even if you have a natural gift, you cant be good at it unless you start playing at a very young age and get huge experience.

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