Of course, its hard to negotiate in such a field. Published since 1917, the Daily Commerce is based in Los Angeles and covers news of general interest, columns of interest to real estate investors and brokers, and information on distressed properties in Los Angeles County. Of course, if he had a chance to do it over again, he would avoid those mistakes. 2022. 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 And that is why Costco presents some danger to Amazon. Charlie Munger: Well, that is easy. But he was 90 years of age. The votes in favor of that are 995,356 against 120. 2022. The majority of the companies in the funds portfolio are large-cap stocks. And like last year, you will in this note find a full transcript of the entire meeting. See our Terms, Privacy Policy, and Disclaimer. Charlie Munger: No, I would say that of course, theres some new material in misjudgment. Question: In recent years, Berkshire Hathaway has provided much greater insight into the companys succession thoughts and has made available at the annual meeting the companys leading managers that will steer Berkshires future. You are on record as a zealous fan of the Chinese work ethic and Confucian value system. But I do think having a whole system to sell hydrogen is difficult. 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. On Tuesday, March 7, 2023 at 11:00 a.m. Eastern Time, Michael West, President of Moody's Investors Service, and Shivani Kak, Head of Investor Relations, will speak at the Raymond James . 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. But, of course, its a very difficult field. Ideaweek St. Moritz Since the annual event first launched in 1996 . And I think wise people should just stay out of them. Capitalism is almost as brutal as that. Question: How do you control your investments in a world where reasonable companies with a good image like General Electric sink rapidly into the bottomland of the stock market. Of course, its hard to know what the future holds when in a complex system where you cant predict a lot of things. When people gave me a good idea and I could see it was a good idea, I quickly mastered it and started using it for the rest of my life. Its a funny way to make money. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.To learn more about Yahoo Finance Plus please visit: https://yhoo.it/33jXYBpConnect with Yahoo Finance:Get the latest news: https://yhoo.it/2fGu5BbFind Yahoo Finance on Facebook: http://bit.ly/2A9u5ZqFollow Yahoo Finance on Twitter: http://bit.ly/2LMgloPFollow Yahoo Finance on Instagram: http://bit.ly/2LOpNYzFollow Cashay.comFollow Yahoo Finance Premium on Twitter: https://bit.ly/3hhcnmV The Corporation will host a fourth quar. 13F filing from DAILY JOURNAL CORP, enter your Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter. Also, fortunately before the pandemic, we got out of the conference-type events and we were not subjected to the problems of no conferences nobody to attend. Because of that fact, it's of the utmost importance for companies to maintain strong . Titan International, Inc. c/o Investor Relations 1525 Kautz Road, Suite 600 West Chicago, IL 60185 investor.relations@titan-intl.com Board Contact Information Written correspondence for any member of Titan's Board of Directors may be sent to their attention: Titan International, Inc. c/o Corporate Secretary 2701 Spruce Street Quincy, IL 62301 Daily Commerce. They manage Ive been around for a long time and my policy has always been to just write them out. Culture is very important. 264 Sara.Pellegrino@iovance.com. It was an accident. All text and design is copyright 2020 WhaleWisdom.com. Discover something new every day from News, Sports, Finance, Entertainment and more! You can argue that I got close to Sequoia when with Li Lu we bought into BYD. Were going to bust our ass to try and do a good job. You know what her mottoes were? , 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: Well, Lee Kuan Yew had the best record as a nation builder. That makes the whole thing very awkward. Similar Job Titles: Gerry has done magnificently well. Chuck Akre | Sanjay Bakshi | Brian Bares | David Barr | Chris Bloomstran | John Burbank | Joel Cohen | Larry Cunningham | Aswath Damodaran | Christopher Davis | Charles de Vaulx | Fernando del Pino | Pat Dorsey | Jean-Marie Eveillard | James Ferguson | Frank Fischer | Tom Gayner | Daniel Gladi | Bruce Greenwald | Robert Hagstrom | Connor Haley | Ahron Herring | Michael Huber | Bryan Lawrence | Hendrik Leber | Paul Lountzis | Peter Mantas | David Marcus | Howard Marks | Michael Mauboussin | Chris Mittleman | David Nierenberg | Phil Ordway | Mohnish Pabrai | Francisco Garca Params | Bob Robotti | Franois Rochon | David Rolfe | Jim Roumell | Chuck Royce | Tom Russo | Dave Sather | Florian Schuhbauer | Adam H. Schwartz | Josh Shores | Guy Spier | Murray Stahl | Sean Stannard-Stockton | Lauren Templeton | Will Thorndike | Elliot Turner | Michael van Biema | Arnold van den Berg | Marcos Veremis | Ed Wachenheim | Amit Wadhwaney | Adrian Warner | Andrew Wilkinson | Jay Willoughby | Josh Wolfe | Don Yacktman | Tim Yates, MOI Global | The Membership Community of Intelligent Investors. It doesnt happen anymore. In 1860, GDP per capita in China was 600. Wheaton delivers amongst the highest cash operating . Charlie Munger: Im sure some are, but, by and large, thats not what Warren is known for. We love it anyway. They dont work that hard at figuring out what works and what doesnt. But its hard for anybody. Their last reported 13F filing for Q4 2022 included $174,434,000 in managed 13F securities and a top 10 holdings concentration of 100.0%. Charlie Munger: I dont think you can make that a moral responsibility. Daily Journal Corp's largest holding is Bank of America Corp. (North Carolina National Bank) with shares held of 2,300,000. February 12, 2020 . 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. In-person events hosted by MOI Global bring together inquisitive minds to explore ideas of consequence in investing, business, and life. Do you think the Daily Journal would have hundreds of millions of marketable securities now if Gerry didnt know how to learn something new? Gerald Salzman: There are a number of factors that come into play here. If you dont spend the money, you and your heirs get to spend it eventually. Charlie Munger: Well, Im constantly making mistakes where I can, in retrospect, realize that I should have decided differently. The best venture capital operation probably in the whole world is Sequoias and they are very good at this early stage investing. Charlie Munger: Well, the business around here that has the most promise is our software business automating the courts. Charlie Munger: We will not be following Tesla into bitcoin. 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: Well thats an easy one. Questions: Now that we are cash flow positiveassuming the software business is investing organically as much as it canwhat is the philosophical thinking with respect to capital allocation at the Daily Journal. He was that smart. Its not generally noticed by the public but clearinghouses clear all these trades. Of course, that history is useful to know. I dont know the answer. However, could you be more specific? Is it Bitcoin, decentralized finance, or something else? And that institution has two assets in its endowment account. 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. Im satisfied with the way things have worked out and Im not gnashing my teeth when other people are doing better. Charlie Munger: I cant think of a We paid high prices for some little companies in the course of trying to enter the court software business. I came to law school having learned the method of learning and nothing has served me better in my long life than continuous learning. It showsed how wise we were to put him there in the first place. But, but by and large, most of the knowledge has been available for a long time. Im not saying I wanted to live in China. Thats entirely due to the practical talent of Lee Kuan Yew. Charlie Munger: I dont know anything about Haven. Thought Leader Series. Is there anything that you wish you had added to your checklist sooner? In other words, its your money. 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 used examples of Lee Kuan Yews good judgment in choosing someone with brains over certain physical attributes in your past interview. Charlie Munger: Its very hard to have a shrinking business. My guess is we have suffered some editorial quality. So, its a very interesting competitive field. They are joining the modern world very rapidly and theyre getting very skillful at operating. Were all pretty forgiving of ourselves too which is probably a good thing. We were trying to save the whole economy under terrible conditions. Im just trying to get a feel for what the long-term capital allocation is. How are they similar or different? 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. Investment Ideas Charlie Munger: Its hard to know what exact macroeconomic policy is correct. Thats an interesting example of self-learning. It operates through the Traditional Business and. The stock appreciated probably way more than intrinsic value. He was just a very old-fashioned sound thinker. And, for example, here, we must have 30 or 40 deaths. And we pay huge taxes to a combination of the federal government and the state of California when we sell something. Theyre just very simple. Copyright 2023 Surperformance. I recommend that other people follow my practice. I think most people who are assuming tolerable success in life are about as happy as they were ordained to be. The daily journal stock sells way above the price I would pay if I was buying new stock. Charlie Munger: Well, it certainly does and thats the kind of thing that can happen when you get a whole lot of people who are using liquid stock markets to gamble the way they would betting on horses. If youre willing to count small nations in the group, he had probably the best record that ever existed in the history of the world. Theyve got a better reputation for providing value than practically anybody, including Amazon. -144-01 clinical trial in advanced melanoma during SITC in November 2022 and in a subsequent companion publication in the Journal for ImmunoTherapy of Cancer . Charlie Munger: Well, of course, if a person is a chronic drunk, we avoid him. First Merchants Corporation to Report Fourth Quarter 2022 Financial Results, Host Conference Call and Webcast. Matthew Peterson is the Managing Partner of Peterson Capital Management, LLC. Ideaweek Podcast So, no I dont think its the responsibility of management to assure where the stock sells. Theyve served us well over the years. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. Look around all this real estate. the MV of securities sold, whichever is less, Daily Journal Corp is based out of Los Angeles. Today, it hovers around 9500. What are the main sources of ancillary revenue expected once the products have gone live and how meaningful will the products like eFile-it, ePay-it, cloud hosting services, and others become? Once again, the wit and wisdom of Charlie Munger was on full display at the deceptively youthful age of 97! Its hard to run a bank intelligently. Latticework Podcast As a matter of fact, its not clear to me that China would have done better if theyd copied every aspect of English civilization. Daily Journal Corporation ( NASDAQ: DJCO) is a business and legal news and advertising editorial in California. 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. 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 . 2/24/23. This page shows a list of all the recent 13F filings made by Daily Journal Corp. Form 13F is required to be filed within 45 days of the end of a calendar quarter. 1996 - janv . You once said to study the life and work of Lee Kuan Yew. I hope the newspaper survives too. I think the bankers of today could learn a lot from Eugene, but little is known of him. [2]: I admire him that much. 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. Relative to the number of outstanding shares of Bank Of America, Daily Journal Corp owns more than approximately 0.1% of the company. and leadership at Berkshire Hathaway, Munger was . He was very courageous and generous in helping everybody around him all his life. $174 million and $174 million respectively. I think that to some extent the complaint about the rich getting richer as a result of the COVID panic is a misplaced concern. Charlie Munger: Well, of course, the places downsized. Charlie Munger at the 2021 Daily Journal annual meeting spoke once again at great length. That happened because Gerry and I bought these little newspapers all over the state just as a precaution to make sure we could serve public notice advertising wherever it arose in the state. Member of equity research team highly ranked by Institutional Investor and The Wall Street Journal. Any tips on how to generate insight in these types of situations? I think this kind of crazy speculation in enterprises not even found or picked out yet is a sign of an irritating bubble. A single vial can cost upwards of $300, meaning a monthly cost of $1,000. 2/13/23. I think some of these things are very difficult and I think, by and large, its a mistake to hire investment managementto hire armies of people to make conclusions. Bei der Nutzung unserer Websites und Apps verwenden wir, unsere Websites und Apps fr Sie bereitzustellen, Nutzer zu authentifizieren, Sicherheitsmanahmen anzuwenden und Spam und Missbrauch zu verhindern, und, Ihre Nutzung unserer Websites und Apps zu messen, personalisierte Werbung und Inhalte auf der Grundlage von Interessenprofilen anzuzeigen, die Effektivitt von personalisierten Anzeigen und Inhalten zu messen, sowie, unsere Produkte und Dienstleistungen zu entwickeln und zu verbessern.
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