What can we do to increase knowledge, understanding, and appreciation of the Chinese civilization? 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. First Merchants Corporation to Report Fourth Quarter 2022 Financial Results, Host Conference Call and Webcast. View the latest DJCO financial statements, income statements and financial ratios. But, but by and large, most of the knowledge has been available for a long time. Rich Eisinger, Great content, great people. Charlie Munger: Well, commission-free trading is a very good candidate for that if you want to emphasize disgusting-wise. And, pretty soon, he turned that into this gloriously prosperous place. We use cookies to ensure that we give you the best experience on our website. Matthew worked as a member of both the U.S. and U.K. offices, with expertise spanning from risk management to derivative processing. So, the people part has changed quite considerably being a small company. How do I update this listing? 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. So, I think for some folks, early-stage investing is best, and for other folks, what Ive done in my life is best. And some types of real estate in recent years has been particularly difficult. Everything you see is profit. What could investors do to cope better with periodical frenzy? But I do think having a whole system to sell hydrogen is difficult. 1996 - janv . This information can be used by investors to verify and understand the financial position of the company. Latticework London 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. of stocks: 4 Portfolio value: $174,434,000 Holdings Activity Buys Sells History * Reported Price is the price of the security as of the portfolio date. 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 Were going to bust our ass to try and do a good job. Daily Journal Corporation : Announces Financial Results for the Three Months ended Decembe.. Daily Journal Corporation Announces Financial Results for the Three Months ended Decemb.. Daily Journal : Management's Discussion and Analysis of Financial Condition and Results of.. Daily Journal Corporation Announces Financial Resultsfor Fiscal Year ended September 3.. Daily Journal Corp : Changes in Registrant's Certifying Accountant, Financial Statements a.. Daily Journal : Fiscal 3Q Earnings Snapshot, Daily Journal : Fiscal 2Q Earnings Snapshot. Members enjoy a steady stream of exclusive wisdom and insights from the leading minds in the field of investment management. Question: Eugene Abegg seems like he was one of the best bankers of the last century, achieving both extremely low loan loss rates and earning around 2% on assets over a long time period. So, its a serious problem. BILLERICA, Mass., (BUSINESS WIRE) -- Bruker Corporation (Nasdaq: BRKR) announced today that Gerald Herman, Executive Vice President & CFO will present on. Charlie Munger: I think Ill skip that one. Throughout the transcript below, I have included clickable links to my notes and articles . And they dont do that very wellIm talking about the business schools. He said it was the pursuit of the uneatable by the unspeakable. 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. Generally speaking, people assume that were a normal software company like Microsoft or something. He was not a dictator. 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. When I was young, I rezoned some properties very successfully. And, of course, I think its vastly stupid for any state to be user-friendly to the rich people. I dont think Im likely to have any new thoughts that are going to work miracles either. What were the lessons learned? Thats what the communists are doing. He was a very smart man and he had a lot of good ideas. Charles T. Munger, who is also vice chairman of Berkshire Hathaway, is the former chairman and a current director.. Publishing business. Knox Lane was founded in 2019. Its a funny way to make money. Charlie Munger: Ben Franklin was one of the wisest men who ever lived. Because value investingthe way I conceive itis always wanting to get more value than you pay for when you buy a stock. Licensed software for many ten-year contracts is currently in the multi-year implementation stage. Hed been a receiver for a bank. That was a big error in judgment. And, we have to function as an informal committee in that we have to bring our employees and our clients together to work out what they already know and how we can help them do a better joba more efficient job. Charlie Munger: I would go further. Im not saying I wanted to live in China. Since the annual event first launched in 1996 . The wealth management industry has a crisis on its hands. Charlie Munger: Well, generally speaking, I dont try and compete with Sequoia. Youre better off concentrating your decision power on one person the way the Li Lu partnership does and then choose the right person. I dont think that hydrocarbons are going. They just copied Adam Smith and left out the free speech and it worked fine for them. 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. 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. When these people go, there is none replacing them. Do you think this is a worthwhile policy objective given the effect it has on creating financial excesses and income inequality? Could you please elaborate on the subject and could you consider giving a talk on this particular subject? Daily Journal Corporation Reports Earnings Results for the Full Year Ended September 30, 2022. Best Ideas Omaha It showsed how wise we were to put him there in the first place. I prefer the United States. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. At the age of 97, Charlie Munger wasnot surprisinglysharp as a tack. We love it anyway. I do think banking run intelligently is a very good business. The Corporation will host a fourth quar. Value Investing will never go out of style. Question: In 1999, the year the Daily Journal bought Sustain Technologies, the traditional business employed 355 full-time employees and 61 part-time employees. Los . They lose their money fast enough. And what he does is he sells about half of them always. I dont think its like the newspaper business. A rich civilization can afford to do it if we absolutely have to. Meet-the-Author Summer Forum The one thing I will say is that a lot of the moats that looked impassable, people found a way to displace. I dont think well change on that. 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. Bitcoin at 50,000 or Teslas fully diluted enterprise value of 1 trillion. Charlie Munger: Well, Lee Kuan Yew had the best record as a nation builder. Daily Commerce. Alt Turnover is calculated by taking either the total MV of new purchases or Daily Journal Corp's largest holding is Bank of America Corp. (North Carolina National Bank) with shares held of 2,300,000. Investors Will Want Seneca Foods' (NASDAQ:SENE.A) Growth In ROCE To Persist 7/31/2022 8:49 AM. Its like evolution in biology. 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. All text and design is copyright 2020 WhaleWisdom.com. Both Berkshire and Li Lu own BYD Company which you spoke highly of in the past. DAILY JOURNAL CORPORATION. And interested and up to speed and didnt have to take a lot of time to get background information to make his comments. Im way more comfortable owning two or three stocks which I think I know something about and where I think I have an advantage. In fact, what a lot of shareholders actually do is crowd in buying stocks on frenzyfrequently on creditbecause they see that theyre going up. CFO & Investor Relations Contact: 398.5k: N/A: 1962: Ms. Maryjoe Rodriguez: Pres: N/A: N/A: 1984: Ms. Michelle Stephens: Exec. Charlie Munger: Well, that is easy. Question: With all the work from home with Zoom and other technology, what do you think the future of commercial real estate looks like? That way, whatever happens, he feels smart. All the good things. I dont think we have made a lot of horrible mistakes. Wheaton delivers amongst the highest cash operating . Question: What is the wisdom behind holding bank stocks compared to other stocks. 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. Thats the reason he rose so fast in life. containing a link to download the .zip file of the CSV file(s) you requested. I hope the newspaper survives too. He said, figure out what works and do it. And, I was not surprised when it blew up. When you pay for order flow, youre probably charging your customers more and pretending to be free. Youve even said business schools that dont adopt this method are doing their students a disservice. Have you seen the television show Queens Gambit on Netflix? , 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. 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