for Q4 2022. The meeting was held on February 24, 2021. We were trying to save the whole economy under terrible conditions. Charlie Munger: I think Ive learned to avoid zoning work. Charlie Munger: Modern monetary theory means that people are less worried about an inflationary disaster like Weimar Germany from government printing of money and spending it. One of the great advantages of the way Berkshire operates is that we associate with a lot of marvelous people. And you mentioned technologythats very, very important. And, of course, its all worked. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. I dont think Im likely to have any new thoughts that are going to work miracles either. Relative to the number of outstanding shares of Bank Of America, Daily Journal Corp owns more than approximately 0.1% of the company. Iovance Biotherapeutics Reports Fourth Quarter and Full Year 2022 DJCO | Daily Journal Corp. Annual Income Statement | MarketWatch And, of course, its regrettable. I think management should tell it like it is at all times and not be a big promoter of its own stock. All except for the legal advertising system which we had to build because nobody else has the volume that we have. Youve said recently that Sequoia is the greatest investment firm ever. 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. He had a long and wonderful run. Charlie Munger: Yes, I think it must end badly but I dont know when. Well, I dont think the quality of publishing public notice advertising has gone down. And we cant go to many offices because theyre closed. There are factories in China that are just absolutely full of robots and are working beautifully. She created a business with like 500 depression dollars that became a huge business. The Superinvestors of Daily Journal Corporation - Forbes No, I dont have any secrets. He really knew everything you had to do to avoid credit losses in a small town in Illinois. You used examples of Lee Kuan Yews good judgment in choosing someone with brains over certain physical attributes in your past interview. PROXY STATEMENT. So, Im kind of pleased that Im still functioning at all. Is it Bitcoin, decentralized finance, or something else? Delayed Nasdaq Charlie Munger: Well, I do have a tip. Im not saying I wanted to live in China. VP of Publications & Sec. Investors | Seneca Foods All the buses. Charlie Munger: Thats too hard in general a question for me. Tu To, Daily Journal Corp: Profile and Biography LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION. Its difficult to break into the legal advertising system which supports so many newspapers, not only in California but elsewhere. 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. Daily Journal: Transformation Yet to Be Fully Understood The votes in favor of that are 995,356 against 120. I tell a story on Rick that he took the Navys IQ test and got one of the highest scores ever recorded and left early. And I dont think youll find me engaged in the massive rezonings in the future. 1996 - janv . Charlie Munger: Well no, I dont think we have a bubble in Treasury securities. 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. And I think that that is inevitable because its difficult to be a good investor. Daily Journal Corp. - AnnualReports.com Most Recent Annual Report MOST RECENT 2019 Form 10K View Form 10K (HTML) Daily Journal Corp. does not currently have any hardcopy reports on AnnualReports.com. We bought all these buildings cheaply. I do think that Im way less afraid of inequality than most people who are bleeding about it. They dont work that hard at figuring out what works and what doesnt. If you take the last 100 years, 1922 to 2022, most of modernity came in in that 100 years. Daily Journal | DJCO Stock Price, Company Overview & News - Forbes Charlie Munger: Well, thats a very good question. Matthew Peterson is the Managing Partner of Peterson Capital Management, LLC. Question: It seems like everyoneincluding actors, athletes, singers, and politiciansis getting into the business of promoting their own SPAC. New Investor Information - Cel Sci Theyve got a better reputation for providing value than practically anybody, including Amazon. Wheaton delivers amongst the highest cash operating . I said to Rick, were going to make Gerry the head of the Daily Journal. I think the oil and gas industry will be here for a long, long time. DATAROMA Superinvestors Portfolio Holdings Charlie Munger - Daily Journal Corp. Period: Q4 2022 Portfolio date: 31 Dec 2022 No. At this rate, he'll likely (hopefully) reach the longevity of Irving Kahn. And why did you feel that Amazon had more to fear from Costco than Costco had to fear from Amazon? Always on point. Jen Saunders Its a funny way to make money. That happystat has more to do with their happiness and their outcomes in life. Hed been a receiver for a bank. Larry Summers has recently been quoted as being worried that were having too much stimulus. 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. Its business model offers investors leverage to commodity prices and exploration upside but with a much lower risk profile than a traditional mining company. Member Calendar, MOI Global is a wonderful way to expose yourself to the thoughts of some of the most successful investors and investment methods out there. The third-largest holding is Alibaba Ltd worth $26.4 million and the next is Us Bancorp worth $6.11 million, with 140,000 shares owned. Charlie Munger: Well, I think all stocks can fluctuate. He was very courageous and generous in helping everybody around him all his life. Of course, that will still work. One of my smartest friends in venture capital is constantly getting huge clumps of stocks at nosebleed prices. Corporate Actions Services. And that institution has two assets in its endowment account. Member of equity research team highly ranked by Institutional Investor and The Wall Street Journal. What are the psychological implications of this type of market behavior? I hope that that will continue in the future. Has there been anything that has surprised you, and what would be your best advice to someone starting a business now? the total portfolio value. What happened is that BYD is very well positioned for the transfer of Chinese automobile production from gasoline-driven cars to electricity-driven cars. What, for example, would you recommend as course materials? In Singapore, you get a savings account the day youre born. BILLERICA, Mass., (BUSINESS WIRE) -- Bruker Corporation (Nasdaq: BRKR) announced today that Gerald Herman, Executive Vice President & CFO will present on. It seems to involve a lot of your standard causes of human misjudgment. We have offices in all the major cities in California and also in Logan, Utah. In other words, its your money. What is interesting is that in wealth management, a lot of people think that if they have a hundred stocks theyre investing more professionally than they are if they have four or five. Theres a lot of temptation to do dumb things which will make the earnings next quarter go up but are bad for the long term. And, what about passive investing? Charlie Munger: Well, the business around here that has the most promise is our software business automating the courts. Charlie Munger: I dont have any wonderful new thoughts. The agent name of this company is: GERALD L SALZMAN ,and company's status is listed as ACTIVE. Any tips for someone who wants to work on and improve their ability to hold two opposing views at the same time? I think theyd run rings around me. 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? If you stop to think about it, business success long term is a lot like biology. 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. Today, the majority of contractual revenue that can be identified is from implementations and licenses. 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 I think, by and large, we made the most practical decisions that were available to us. Never before in the history of mankind have we seen such a rapid eradication of poverty, pulling approximately 800 million people out of destitution. The jurisdiction for this foreign stock company is SOUTH CaliforniaROLINA. He was very amiable the way he talked about it. Theyve served us well over the years. What would be a mistake at the Daily Journal which we can all learn from? But the accountants are duly elected. And I think that were crazy to allow it. , 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. I think the result would have been worse if either party had been in control all by itself for the whole period. Nobody was trying to make the rich richer. DAILY JOURNAL CORPORATION. Daily Journal Corp 13F annual report (2023) | wallmine Charlie Munger: Well, these things do happen in a market economy. I have a bust of Lee Kuan Yew in my house. I dont follow that practice but I dont criticize it either. 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. Zurich Project Podcast Corporate Governance. The stock appreciated probably way more than intrinsic value. And, we are really interested in doing a good job in Australia, in California, and all the other places where people have trusted us. When these people go, there is none replacing them. Thats what weve been doing throughout my whole lifetime. Jeffrey Stacey, I enjoy it and others will also. And, I was always aware of that and so Ive accepted these damned annual meetings. But you know, most people dont do that. Charlie Munger: Im sure some are, but, by and large, thats not what Warren is known for. And I think wise people should just stay out of them. You must have a subscription to view WhaleScore histories. 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.
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