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SEC Form 13F Filing History. Los Angeles, California 90012 . Questions: Why are some people incapable of learning new ideas and behaviors? 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. Im afraid thats the way we all have to leave our swords. Im not going to change. Do you agree with the premise and if so how would you address inequality? Value investors know Warren Buffett's classic retort to efficient market theory, "The . When you look at whats happened in California [in terms of] the price of real estate and rentals, weve reduced the number of offices we have both for Journal Technology and for the Daily Journal. Until his recent step-down as chairman of the board in April, the marketable. But the Chinese have proved that you dont need free speech to have a wonderful economy. If you do that all the time; if youre looking for disconfirming evidence and putting yourself on a grill, thats a good way to help remove ignorance. Could you share the secret to living a long, healthy, and happy life? I think Im a little more lenient. And he was just so good. And thats the way we handled Gerry. Would you mind elaborating on how a professor or individual should go about building a curriculum around this approach? Question: Is the oil and gas industry the new newspapers? (Disclosure: the author has a position in the Daily Journal Corporation - a reliable sell indicator.) He lived in a particular town. How are they similar or different? All the good things. Knowledge and know-how can act as an almost indestructible moat for a companys competitive position and growth prospects. Question: You and Warren have been adept at quickly sizing people up, particularly business leaders and potential business partners. And by the way, I think its hard to teach. Question: Given all of your donations to physics, what is your favorite way of applying physics to societys problems and also to investing? 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. If the seas were to rise 60 feet, which could happen in another 100 years or so, wed have to build enormous barriers to sea entry. Question: Has your opinion on cryptocurrencies remained the same? The editorial team seeks out thought-provoking insights and variant perspectives from across the membership network and beyond. 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. 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. I prefer the United States. I think all of this activity is regrettable. 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 . to see more advanced email alert options such as selecting any type of Have you seen the television show Queens Gambit on Netflix? [The questioner] would like to know what Charlies method of learning is. And he was a great kidder. There arent that many people like Lee Kuan Yew that have ever lived. The largest are the Los Angeles Daily Journal and San Francisco Daily Journal, established in 1888 and 1893, respectively, with 6,300 subscribers between them as of September 30, 2020. I think management should tell it like it is at all times and not be a big promoter of its own stock. The fully online conferences hosted by MOI Global bring together great minds from our network of intelligent investors, with a focus on timely ideas and timeless wisdom. I recommend that other people follow my example. And all I can say is that well do the best we can. Create Email Alert, ***Log In or Charlie Munger: Well, I consider that very unlikely. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. How do I update this listing? 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. MOI Global en Espaol. And what are the implications, since Treasury assets underpin the value of every other asset? At this rate, he'll likely (hopefully) reach the longevity of Irving Kahn. What, for example, is to stop the Chinese government from simply deciding one day to nationalize BYD? Can you speak to the causes, the trend, and make some predictions? Daily Journal : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF.. Daily Journal Corporation Announces Financial Resultsfor the Nine Months ended June 30.. Daily Journal Corporation Announces Financial Resultsfor the Six Months ended March 31.. Daily Journal : Fiscal 1Q Earnings Snapshot. He had a long and wonderful run. Copyright 2023 Surperformance. This information can be used by investors to verify and understand the financial position of the company. But, of course, if we got a chance to do it again, we would do it better. Best Ideas Conference 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. Of course, its going to be difficult. Chuck Royce. The bad news is its not clear whos gonna win all the business or how much money is going to be made. Our editorial system and our advertising system are all in the cloud. 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). Just time after time, he would choose the right system. 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? What I think is interesting about chess is, to some extent, you cant learn it unless you have a certain natural gift. Member of equity research team highly ranked by Institutional Investor and The Wall Street Journal. Buffetts donations to the foundation have obviously helped to save many millions. Its just that some people look for values in strong companies and some look for values in weak companies. And, I think that could happen, but, of course, thats not a sure thing. Intellectual Property We love it anyway. I said to Rick, were going to make Gerry the head of the Daily Journal. Los . Charlie Munger: Well, of course, the places downsized. So we have one basic system configured in a number of different ways, including workers comp for a large state in the United States. Question: You famously run investments through your mental checklist. Gerald Salzman: Always upbeat, yes. Contact. Youve reached the limit of my circle of competence. Charlie Munger: Well, I dont think I know exactly what the future of banking is and I dont think I know how the payment system will evolve. Were not enlarging it. And thats not a sure thing either. Capitalism is almost as brutal as that. Its just not gonna work. +2.68%. 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. Of course, we accomplished quite a bit working together. 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. Generally speaking, people assume that were a normal software company like Microsoft or something. And there arent many people that can do that. He loved to kid people. I admire him that much. Question: Do you believe the valuations for electric car manufacturers are in bubble territory? Thought Leader Series. Its business model offers investors leverage to commodity prices and exploration upside but with a much lower risk profile than a traditional mining company. Washington State is actually considering a wealth tax at the state level. Question: Its been a year since the coronavirus pandemic came to the U.S. What have you all learned about running a business in the past year? Contact the transfer agent for answers concerning the subjects below: Dividend reinvestment plan Lost or stolen certificates Stock transfer requirements American Stock Transfer & Trust Company, LLC 1-877-864-4750 Email: info@astfinancial.com Web site: www.astfinancial.com The majority of the companies in the funds portfolio are large-cap stocks. Do it right the first time. Governance. How did Eugene achieve incredibly low loan losses over the long term while so many other bankers have failed miserably? I think were into a lot less travel and a lot more Zooming. assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents. 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 Members of MOI Global enjoy complimentary access to a growing array of resources and content related to the art of intelligent investing. Youve even said business schools that dont adopt this method are doing their students a disservice. Question: The Federal Reserve appears to be supporting asset prices. So human greed and the aggression of the brokerage community create these bubbles from time to time. Investors play a major and vital role in the success and growth of a company. Nobody should believe that Robinhoods trades are free. Advisory, processing and support for complex transactions, including M&As, IPOs and stock splits. Because even as a boy, I knew a lot about who was sound who wasnt sound in Ohama. Any tips on how to generate insight in these types of situations? Daily Commerce. Youre better off concentrating your decision power on one person the way the Li Lu partnership does and then choose the right person. He really knew everything you had to do to avoid credit losses in a small town in Illinois. I call it deworsificationwhich I copied from somebody. Investor Relations Daily Journal Corp DJCO Valuation Morningstar Rating | Rating as of Jan 26, 2023 Quote Chart Stock Analysis News Price vs Fair Value . As a matter of fact, what happens is to make a nation rich, you need a free market system. The total cash compensation, which includes bonus, and annual incentives, can vary anywhere from $137,730 to $197,363 with the average total cash compensation of $163,305. They dont work that hard at figuring out what works and what doesnt. Never before in the history of mankind have we seen such a rapid eradication of poverty, pulling approximately 800 million people out of destitution. Charlie Munger: I think Ive learned to avoid zoning work. Members also enjoy preferential access to selected offline events as well as exclusive access to other events hosted by MOI Global, including the Zurich Project Summit, the Latticework Conference, and Ideaweek. . Alt Turnover is calculated by taking either the total MV of new purchases or The meeting will come to order. You get crazy booms. Charlie Munger: Thats too hard in general a question for me. I think that would be insanity. The votes in favor of that are 995,356 against 120. Market Holidays Daily Analyst Ratings Daily Insider Trading. 2/13/23. 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. 2023, Nasdaq, Inc. All Rights Reserved. Would you share a few stories about him and your fondest memory? He was death on corruption which was a very good idea. So, the people part has changed quite considerably being a small company. 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. Many, but not all SEC filings are available in the SEC's EDGAR database. Question: What books are you currently reading and what can you reccomend? He said, figure out what works and do it. And I dont think youll find me engaged in the massive rezonings in the future. 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. Charlie Munger: I have seen an episode or two of the Queens Gambit. FOR ANNUAL MEETING OF SHAREHOLDERS. You are going to be flabbergasted. But he knew how to learn what he didnt know. So, you can understand why Warren got disenchanted with Wells Fargo. They really need the world to stay the way it is. So we were like an undertaker who suddenly got prosperous in a plague year. Its difficult to break into the legal advertising system which supports so many newspapers, not only in California but elsewhere.