They just copied Adam Smith and left out the free speech and it worked fine for them. He was old as I am. 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. View the latest DJCO financial statements, income statements and financial ratios. 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. So, you have to be a little closer to the employees needs, desires, babysitting, and all those activities that were kind of taken for granted in the past. A rich civilization can afford to do it if we absolutely have to. Its too volatile to serve well as a medium of exchange. Because if you do that, Im a moral leper. 2/13/23. They lose their money fast enough. All-Time Favorites Because of that fact, it's of the utmost importance for companies to maintain strong . Charlie Munger: I think Ive learned to avoid zoning work. When completed, an email will be sent to the email address you specify Currently, their heaviest sector is Finance making up 81.3% of the total portfolio value. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Munger also serves as chairman of Daily Journal Corporation, which publishes 10 newspapers and offers specialized information services and technology-based prod. In other words, to some extent, its a self-correcting system. Thats what weve been doing throughout my whole lifetime.
What is Investor Relations? Issuer Direct It was an accident. Matthew Peterson is the Managing Partner of Peterson Capital Management, LLC. 1, 2023 By Tal Burnovski Yeyni A California court of appeal held it was not bound by SCOTUS' ruling. And I think the world would be better off without them. Announces Participation in 2023 ROTH Conference and 2023 UBS Global Consumer and Retail Conference. Thats interestingwho in the hell is voting against the accountants?
What do you think the long-term consequences will be? So, I think for some folks, early-stage investing is best, and for other folks, what Ive done in my life is best. How can you not? So we were like an undertaker who suddenly got prosperous in a plague year. Of course, if he had a chance to do it over again, he would avoid those mistakes. Hed been a receiver for a bank. Industry Insights Summit So, no I dont think its the responsibility of management to assure where the stock sells. 13F filing from DAILY JOURNAL CORP, enter your Are they more stable? He gasped and said, but hes never had anything to do with newspapers or anything else. You have said that the single best way is to deserve a good spouse because a good spouse is by definition not nuts.
Daily Journal Corporation - Wikipedia 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 . In the past few years, equity prices have increased significantly and cash has arguably become riskier due to central banking policy. 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. Seneca Foods Reports Sales and Earnings for the Three Months Ended July 2, 2022 8/11/2022 4:10 PM. We will now proceed to the question period. That happystat has more to do with their happiness and their outcomes in life. I think all of this activity is regrettable. Question: Charlie, you have been a long-time admirer of Singapore and Lee Kuan Yew.
Daily Journal | DJCO Stock Price, Company Overview & News - Forbes 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. Implementation is expensed as provided, while the long-term recurring high-margin revenue is not yet included on the income statement. The Knowledge Moat: Keeping Competitors Out Through Ability, Constellation Software: Incentive Systems and Return Constraints. Investor Letter Excerpts In Singapore, you get a savings account the day youre born. Gerry, being a sound thinker, you know, did the very unpleasant work of shrinking it appropriately without bothering me or Rick. The stock appreciated probably way more than intrinsic value. Charlie Munger: I dont think so.
DAILY JOURNAL CORPORATION - Print Media - 915 E 1st St, Los - Yelp Question: What are Mr. Mungers thoughts on the recent GameStop short squeeze by social media and the resulting implications on short selling in the future?
Daily Journal Corporation (DJCO) company profile & facts - Yahoo! Has the quality of the publication suffered as the employment levels have decreased?
DJCO | Daily Journal Corp. Company Profile & Executives - WSJ Copyright by BeyondProxy. But I do think having a whole system to sell hydrogen is difficult. You can argue that I got close to Sequoia when with Li Lu we bought into BYD. Always tell the truth and never lie to anybody about anything. Everything you see is profit.
DATAROMA Superinvestors Portfolio Holdings I dont think its easy for ordinary people to become great investors. And he was a great kidder. Whoever dreamed when I was young that Kodak and General Motors would go bankrupt. They manage In a recent regulatory filing, The Daily Journal ( DJCO -3.51%) disclosed that it had bought more shares of Chinese giant Alibaba ( BABA 2.46%) with its corporate cash. 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. Some people think that value investing is you chase companies that have a lot of cash and theyre in a lousy business or something. And yet he made a lot of mistakes in the course of living his life. All text and design is copyright 2020 WhaleWisdom.com. He was death on corruption which was a very good idea. We cant promise what the outcome will be but we are trying pretty hard and we get some favorable impressions of progress. And, I think Jack Ma was very arrogant to be telling the Chinese government how dumb they were, how stupid their policies were, and so forth. You saw the ebb and flow of industry and the creative destruction of the economic changes and so on. CI. What, for example, would you recommend as course materials?
DJCO | Daily Journal Corp. Financial Statements - WSJ Its like evolution in biology. Question: Which do you think is crazier? Charlie Munger: Ben Franklin was one of the wisest men who ever lived. But theres no rule that life has to be easy on the mental side. Question: Is the oil and gas industry the new newspapers? Charlie Munger: Well, I think all stocks can fluctuate. Question: Your advice given on choosing a good spouse in Poor Charlies Almanac is terse. Daily Journal Corporation has 1 stars. The decision was. And I think, by and large, we made the most practical decisions that were available to us. Information and insights on key investors, paired with strategic outreach to help corporations capitalize on relationships. I think that that will probably continue. I think that would be insanity. Download 13F Summary Thought Leader Series. These are very difficult questions and most people assume that its simple.
DAILY JOURNAL CORP Top 13F Holdings - WhaleWisdom.com Questions: Why are some people incapable of learning new ideas and behaviors? The first rule of a happy life is low expectations. and leadership at Berkshire Hathaway, Munger was . 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. Theyre just very simple. Part of the reason for that was cultural. When you get into these hard questions, theres a lot of very intelligent honorable people who reach opposite conclusions. Charlie Munger: Well, Im constantly making mistakes where I can, in retrospect, realize that I should have decided differently. Matthew Peterson of Peterson Capital Management presented his in-depth investment thesis on The Daily Journal Corporation (US: DJCO) at Best Ideas 2019. Theres an old German proverb Ive always liked. On the payment ecosystem and its history, distributional strategies, the competitive positions of modern players like Stripe, Square, and Adyen, how Adyen is different from the two others, unified commerce, and a brief on the stock price. And, I was not surprised when it blew up. Its entirely possible that our system is right for us and their system is right for them. But I do think politics is getting more full of hatred and irrationality than it used to be in America and I dont think thats good. But I wont be following him. What can you learn from the Barry Duttons bookstore building deal in Brentwood and how would you apply that new knowledge or experience in the future? With no analysts or investor relations department, few understand the transformation that has occurred.
DJCO Stock Price & Charts | Daily Journal What are his thoughts on modern monetary theory? On the other hand, as you say, I didnt get rich by buying stocks at high price-earnings multiples in the midst of crazy speculative booms.
First Merchants Corporation (FRME) Stock Price, Quote & News - Stock The bad news is its not clear whos gonna win all the business or how much money is going to be made. I think that shareholders should be more sensible and not crowd into stocks and buy them just because theyre going up and they like to gamble. Youve reached the limit of my circle of competence.
DAILY JOURNAL CORP Investor Relations Manager - Salary.com