1, 2023 By Tal Burnovski Yeyni A California court of appeal held it was not bound by SCOTUS' ruling. Question: Mr. Munger is a champion of Chinese stocks. I dont even know how much more difficultor how much more dangerousit would be to deal with hydrogen than it is to deal with gasoline which is also a dangerous substance. Question: What have you done to live such a long life? Download 13F Summary Bitcoin reminds me of what Oscar Wilde said about fox hunting. The fund focuses on investments in the United States as Many, but not all SEC filings are available in the SEC's EDGAR database. And his conclusion is that mankind should just step up to it and do it. But, of course, I think there will be more automation in transportation of all kinds in the future. Information and insights on key investors, paired with strategic outreach to help corporations capitalize on relationships. We love it anyway. I feel the same way about those choices. A rich civilization can afford to do it if we absolutely have to. When I look at the modern Singapore health system, it costs 20% of what the American system costs. 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. But theres also a large risk of losing it coming from within an organization. And I was like Rip Van Winkle; when I tried to come back to it, I found that the world had changed. BILLERICA, Mass., (BUSINESS WIRE) -- Bruker Corporation (Nasdaq: BRKR) announced today that Gerald Herman, Executive Vice President & CFO will present on. Are they more stable? [2]: Copyright by BeyondProxy. Munger also serves as chairman of Daily Journal Corporation, which publishes 10 newspapers and offers specialized information services and technology-based prod. You know what her mottoes were? And in biology, what happens is the individuals all die, and eventually, so do all the species. When these people go, there is none replacing them. A single vial can cost upwards of $300, meaning a monthly cost of $1,000. And I think thats what shareholders do. Question: Charlie, you are known as an advocate for learning from ones mistakes. 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 Theres hardly anything he touched he didnt improve. CORRECTION - Daily Journal Corporation Announces Financial Resultsfor the Three Months.. Daily Journal Corporation Announces Financial Results for fiscal year ended September 3.. Daily Journal Corporation Announces Financial Results for the three months ended Decemb.. Daily Journal Corporation Announces Financial Results for fiscal 2017 ended September 3.. Daily Journal Corporation Announces Financial Results for Fiscal 2016 ended September 3.. Daily Journal Corporation Announces Financial Results for the Three Months Ended Decemb.. Daily Journal Corporation Announces Financial Resultsfor Fiscal Year Ended September 3.. Daily Journal Corporation Announces Financial Results for the Nine Months Ended June 30.. Daily Journal Corporation Announces Financial Results for the Six Months Ended March 31.. Daily Journal Corporation Receives Notice Regarding Non-Compliance With NASDAQ Listing .. Daily Journal Corporation : Announces Financial Results for the Three Months Ended Decembe.. Daily Journal Corporation : Announces Financial Results for the Fiscal Year ended Septembe.. Daily Journal Corporation : Announces Financial Results for the Nine Months ended June 30,.. Daily Journal Corporation : Announces Financial Results for the Six Months ended March 31,.. Interim 2023 Earnings Release (Projected), THE NEW YORK TIMES COMPANY : Q1 2023 Earnings Release (Projected), NEWS CORPORATION : Q3 2023 Earnings Release (Projected), REACH PLC : Interim 2023 Earnings Release, Daily Journal, long overseen by Charlie Munger, halves stake in China's Alibaba. Theyre in a place thats gotten more valuable. 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. I think office buildings are now in some trouble and, of course, commercial real estate rented to stores has been in a lot of trouble for a long time. Investor Relations (IR) combines finance, communication, and marketing to effectively control the flow of information between a public company, its investors, and its stakeholders. Eli Lilly's press statement said it's slashing prices to make insulin more accessible, and then flipped the onus onto . But he previously worked for Rick Guerin and me in running a little mutual fund that we bought control of. He really knew everything you had to do to avoid credit losses in a small town in Illinois. Charlie Munger: Well thats an easy one. I recommend that other people follow my example. In other words, to some extent, its a self-correcting system. Rick was part of the group which consisted of Warren Buffett, Rick Guerin, and Charlie Munger that bought control of Blue Chip Stamps when it was widely distributed in an anti-trust settlement. So, to some extent, everybody buying medical services in Singapore is paying for it themselves. Question: Your advice given on choosing a good spouse in Poor Charlies Almanac is terse. Investment Ideas I recognized early that Gerry could run anything he wanted to run. Nasdaq provides companysSEC filings, which arefinancial statements andreports filed electronically with the U.S. Securities and Exchange Commission (SEC) byQuotemedia. "While Kimberly was head of Investor relations . That turned out to be a wonderful idea and thats one of the reasons we made all this money. He had a long and wonderful run. Create your Watchlist to save your favorite quotes on Nasdaq.com. I think management should tell it like it is at all times and not be a big promoter of its own stock. And another shareholder asked: Dear Mr. Munger, please share your thoughts on the recent /r/WallStreetBets GameStop short squeeze. Youre better off concentrating your decision power on one person the way the Li Lu partnership does and then choose the right person. Remember the Dot Com boom when every little building in Silicon Valley ran into a huge price and a few months later about a third of them were vacant. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. But, of course, if we got a chance to do it again, we would do it better. Question: Is the oil and gas industry the new newspapers? Ive been engaged in recent years in trying to create a better type of student dormitory. A lot of things are going to change. Question: Why, almost two years ago, did you believe that Costco was the only U.S. stock worth buying? I think were into a lot less travel and a lot more Zooming. And, he was very good company and a splendid gentleman. But show me a psychology department that knows how to do that. The JTI software has been configured for other judicial and justice agencies, including district attorneys, prosecutors, public defenders, probation, etc. I dont think Ive got any great insight about hydrogen. If anybody can fix it, he can. He was a one party system but he could always be removed by the electorate. So, I think for some folks, early-stage investing is best, and for other folks, what Ive done in my life is best. I hope the newspaper survives too. Contact. I think theyre a bad investment when interest rates are this low. I knew a man once, Henry Singleton, who was not a chess champion. Charlie Munger: I dont think so. And, what about passive investing? He doesnt mind at all not getting credit for his charitable donations. You are limited to the prior 8 quarters of 13F filings. Information Agent. Touch device users, explore by touch or with swipe gestures. But they dont teach that in the psychology department because the academic system rewards little experiments that develop more insight into psychological tendencies instead of synthesizing whats already been discovered with the rest of knowledge. It operates through the Traditional Business and. One of the great advantages of the way Berkshire operates is that we associate with a lot of marvelous people. And its rather interesting. In recent years, The Manual of Ideas has expanded to become more than simply the very best investing newsletter on the planet (Mohnish Pabrai). I dont think that hydrocarbons are going. And I dont think that we or the Daily Journal is getting ahead because weve got some wonderful macroeconomic insight. They wouldnt be a lot happier if they were richer or a lot less happy if theyd been poor. 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. What do you think we can do to help those who are currently falling behind as a result of this pandemic? We do, as Charlie indicates, have a lot of travel. Is it digital wallets like PayPal, Square, or Apple Pay? I tend to avoid the ones which Im not good at and Im not good at a lot of different problems. 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? He was that smart. If its not good enough for Berkshire, shouldnt we have the same standards? The first order of business is to reelect the four directors and the votes are as follows: Charles Munger, 679,481, Gerald Salzman, 660,287, Peter Kaufman, 593,336, Mary Conlon, 651,493. -, 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. In display advertising, for example, we now utilize a very friendly company that worked with us for 25 years and now they are helping us sell advertising. 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. The daily journal stock sells way above the price I would pay if I was buying new stock. Transcribed image text: Auditor Changes at Daily Journal Corporation Charlie Munger is vice chairman of Berkshire Hathaway Inc. and is informally known as Wa ren Buffetr's "right arm. What would be a mistake at the Daily Journal which we can all learn from? Market Holidays Daily Analyst Ratings Daily Insider Trading. On Constellations trajectory as an HPC, the economics of a VMS, returns on capital, challenges in organic growth, the runway for M&A, the companys incentive system, and prospects for the use of FCF. 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? Im not saying I wanted to live in China. But everybody cant be better than everybody else. Charlie Munger: Well, we dont really know where its all going. 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. I think they would have come out worse because their position was so dire and the poverty was so extreme, they needed very extreme methods to get out of the fix they were in. 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. The decision was. Charles T. Munger, who is also vice chairman of Berkshire Hathaway, is the former chairman and a current director.. Publishing business. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Question: [The questioner] quotes a commencement address you gave in 2007 at USC Law School. And thats what we have going in the stock market in a frenzy thats fed by people who are getting commissions and other revenues out of this new bunch of gamblers. We are very excited to look forward to enabling the courts to function as we know that they want to and will in the future. Question: Many believe that inequality accelerated by this pandemic has reached alarming levels that demand drastic solutions such as a wealth tax. Question: Given all of your donations to physics, what is your favorite way of applying physics to societys problems and also to investing? We paid two and a half million for it. I find that by working at that, I can actually make some improvements even though Im old. It says that man is too soon old and too late smart. , whose value grew 4.2% in the past six months, Us Bancorp worth $6.11 million, with 140,000 shares owned, Town & Country Bank & Trust Co Dba First Bankers Trust Co, Stocks and cryptocurrency portfolio tracker. Charlie Munger: I dont know anything about Haven. Daily Journal Corporation Board Diversity Matrix Disclosure Nasdaq Requirement. And I dont think youll find me engaged in the massive rezonings in the future. The stock appreciated probably way more than intrinsic value. Gerry, dont you think were doing pretty well? And he made a very favorable impression. Its doing a big public service. I recommend that other people follow my practice. the MV of securities sold, whichever is less, The only opinion I have there is that I dont think anybody knows whats going to happen for sure. Thats been greatly curtailed. See our Terms, Privacy Policy, and Disclaimer. The Daily Journal is a legal publisher in Los Angeles, spun out in 1986 as a public company from a closed-end fund Munger and Guerin owned. Charlie Munger: Ben Franklin was one of the wisest men who ever lived. Gerry, you have a comment on that? Question: The highly configurable JTI product may help e-suites integrate deeply into new jurisdictions as agencies and citizens become familiar with the courthouse software. Delayed Nasdaq I think its much easier to find five than it is to find a hundred. Without the method of learning, youre like a one-legged man in an ass-kicking contest. #CharlieMunger #DailyJournalAnnualMeeting #BerkshireHathaway Yahoo Finance is the exclusive live stream platform for the fully virtual Daily Journal ($DJCO) Annual Meeting with Chairman Charlie. Thats very, very important. If you dont spend the money, you and your heirs get to spend it eventually. Is there any new material? It seems to involve a lot of your standard causes of human misjudgment. Classified advertising is down significantly. Latticework New York I have a bust of Lee Kuan Yew in my house. 915 East First Street. Question: In 1999, the year the Daily Journal bought Sustain Technologies, the traditional business employed 355 full-time employees and 61 part-time employees. Who is MOI Global? Intellectual Property We miss Rick terribly. What are his thoughts on modern monetary theory? Industry Insights Summit The IR Magazine Awards - US 2023 will take place on Thursday, March 30 in New York. DAILY JOURNAL CORPORATION was incorporated on 13 Apr 1987 as FOREIGN STOCK company type registered at 915 EAST FIRST STREET LOS ANGELES CA 90012. Best Ideas Omaha They just copied Adam Smith and left out the free speech and it worked fine for them. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. Ratios & Margins Daily Journal Corp. All values updated annually at fiscal year end Valuation P/E Ratio (TTM) - P/E Ratio (including extraordinary items) - Price to Sales Ratio 6.55 Price to Book. Its not generally noticed by the public but clearinghouses clear all these trades. Youre right. And, I was always aware of that and so Ive accepted these damned annual meetings. This will schedule a job to export all requested 13f holdings data for this filer. Charlie Munger: Its a huge field in which we have a very interesting toehold with the strongest toeholds in Australia and California. Think of all the monopoly newspapers that used to be, in effect, part of the government of the United States. How would they think about current opportunities with low rates and low inflation? Daily Journal Corp is based out of Los Angeles. 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.