Whalewisdom has at least 38 13F filings, and 33 Form 4 filings. 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? Question: If you had a chance to make an addition or revision to Poor Charlies Almanac, what would that be? On December 18, 2020the record datethere were 1,380,746 shares of common stock of the company outstanding. And there arent many people that can do that. 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 . Question: What is the biggest lie currently being perpetuated by the investment complex? 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. Charlie Munger: Well, I dont participate at all. The editorial team seeks out thought-provoking insights and variant perspectives from across the membership network and beyond. I think Im a little more lenient. Could you please elaborate on the subject and could you consider giving a talk on this particular subject? Charlie Munger: Well, heres what I meant. Question: Youve said several times that the best way to learn about business is to study the multi-decade financial results of great companies. Are Berkshires managers aware that through their efforts to create business success at Berkshire that they have been involved in saving millions of lives? These are very difficult questions and most people assume that its simple. You have said that the single best way is to deserve a good spouse because a good spouse is by definition not nuts. They wouldnt be a lot happier if they were richer or a lot less happy if theyd been poor. I dont think Ive got any great insight about hydrogen. Daily Journal Corp's largest holding is Bank of America Corp. (North Carolina National Bank) with shares held of 2,300,000. Youve said recently that Sequoia is the greatest investment firm ever. How would you advise these institutions to manage their endowments over the coming decades? Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. 915 E. 1st Street. And when things get as crazy as they were in the event youre talking about, there are threats of clearinghouse failure. I expect less out of bankers than he does. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. That is true and makes sense. Furthermore, hed gone through the Great Depression. We have our crotchets and I just dont know enough about it to want to go into that activity. Its just that some people look for values in strong companies and some look for values in weak companies. 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. But the Chinese have proved that you dont need free speech to have a wonderful economy. Charlie Munger: Its very hard to have a shrinking business. containing a link to download the .zip file of the CSV file(s) you requested. Where does it appear most egregious? We made the rich richer, not as a deliberate choice, but because it was an accidental byproduct of trying to save the whole civilization. So we have one basic system configured in a number of different ways, including workers comp for a large state in the United States. But I wont be following him. Gerry and I have been together, how many years Gerry? They lose their money fast enough. Can you speak to the causes, the trend, and make some predictions? And, of course, what Im saying is that if I were teaching business I would start the way Harvard Business School did a long time ago. Previously, Buntain worked at The Carlyle Group, where he . The fund focuses on investments in the United States as So I dont worry that the country is being ruined by a few people over getting ahead a little faster than the rest of us. Its doing a big public service. 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. Gerald Salzman: There are a number of factors that come into play here. 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. Have you considered amending this quote or lowering your standards? 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 I think most people are born with a happystat. In Singapore, you get a savings account the day youre born. Daily Journal Corporation Reports Earnings Results for the Full Year Ended September 30, 2022. But there again, it's an interesting thing. Corporate Actions Services. Charlie Munger: Were really old both of us. Question: What is the wisdom behind holding bank stocks compared to other stocks. I hope the newspaper survives too. But he was 90 years of age. Contact. 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. 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. At the age of 97, Charlie Munger wasnot surprisinglysharp as a tack. 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. 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. You are on record as a zealous fan of the Chinese work ethic and Confucian value system. Type a symbol or company name. In 2010, that was down to 165 full-time employees and 15 part-time employees. Florida would have a really serious problem. We are subject to the orders and directions of those counties which, before, really didnt impact anything. Local Chapters The majority of the companies in the funds portfolio are large-cap stocks. Gerald Salzman: Well, we dont think about mistakes. And weve had marvelous people here to help us do it through very difficult times and one of them is Gerry Salzman. Give me a new question. How do you recognize a potential downfall in a company you hold/invest in? In other words, its your money. Matthew Peterson of Peterson Capital Management presented his in-depth investment thesis on The Daily Journal Corporation (US: DJCO) at Best Ideas 2019. What, for example, is to stop the Chinese government from simply deciding one day to nationalize BYD? The company's other titles include Daily Commerce, The Daily Recorder and the Inter-City Express . And it has saved Los Angeles a fortune because gas is so much cheaper than gasoline. Of course, his son, who is a bright man, is now Prime Minister of Singapore. Theres hardly anything he touched he didnt improve. It says that man is too soon old and too late smart. 2/24/23. Has the quality of the publication suffered as the employment levels have decreased? On balance, we hold in certain of these position when, normally, we wouldnt buy a new position. 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. Daily Journal Corporation Announces Financial Results for Fiscal Year ended September 30, 2022 LOS ANGELES, Dec. 16, 2022 (GLOBE NEWSWIRE) -- During fiscal 2022, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $54,009,000 as compared with $49,925,000 in the prior year. Costco I do think has one thing that Amazon does not. Were beholden to the guidelines of the county of Los Angeles and other counties. In fact, what a lot of shareholders actually do is crowd in buying stocks on frenzyfrequently on creditbecause they see that theyre going up. What I see in China now just staggers me. And thats not a sure thing either. 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? He was a very smart man and he had a lot of good ideas. I learned those tendencies well enough to synthesize it with the rest of knowledge. Since the annual event first launched in 1996 . I dont follow that practice but I dont criticize it either. 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? Questions: Why are some people incapable of learning new ideas and behaviors? 1996 - janv . I kind of admire the way Bill takes on these very hard problems. We do, as Charlie indicates, have a lot of travel. Charlie Munger: Ladies and gentlemen, wherever you are, via Yahoo finances website. The majority of revenue is generated from Traditional business segment. And, I was always aware of that and so Ive accepted these damned annual meetings. Will we have fewer gas stations or truck stops in the future? -, 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. How do I update this listing? So you now know what I do in charitable institutions. What can we do to increase knowledge, understanding, and appreciation of the Chinese civilization? What do you think we can do to help those who are currently falling behind as a result of this pandemic? What are his thoughts on modern monetary theory? And if its unfixable, learn to live without it. And, of course, when things get extreme you have things like that short squeeze. That way, whatever happens, he feels smart. 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. Theyve got a better reputation for providing value than practically anybody, including Amazon. Charlie Munger: Yes, I think it must end badly but I dont know when. I think any intelligent person can get to be pretty good as an investor and avoid certain obvious traps.
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