Charlie Munger tackled a slew of subjects during Daily Journal's annual meeting on Wednesday. Opinion Pieces, 1984. . Charlie Munger has sold half of Daily Journal's stake in Alibaba as of Q1 2022, which is a surprising change after Munger doubled down on BABA in Q4 2021 only to reverse course now. Warren Buffett's business partner slammed traders, blasted cryptocurrencies, and praised China. The post Lessons from Charlie Munger at the Daily Journal Meeting appeared first on Novel Investor. Charlie Munger. Munger likely spent between $42 million and $53 million doubling the . I really love watching Charlie Munger each year at the Daily Journal annual shareholder's meeting. for years, munger led daily journal as chairman, in addition to his role as a vice chairman at warren buffett's berkshire hathaway inc. daily journal announced in march that the 98-year-old. 1. Munger, who had chaired Los Angeles-based Daily Journal since 1977, will remain a director and focus on matters he has worked . What Happened: Daily Journal, a hedge fund run by Charlie Munger, who is more famously known as billionaire Warren Buffett's right-hand man, cut its stake in Alibaba by half, a 13F filing by the . The Daily Journal, as Charlie Munger explained, "started as a public notice rag . Earlier this year at the Daily Journal Annual Meeting , Charles Munger explained why old school valuation methods will never die. The Daily Journal doubled its Alibaba holding in the fourth quarter of 2021, and currently holds 602,060 Alibaba US stocks. These were a few lessons to take away from it. He was born in 1924 in Omaha, Nebraska. Charlie Munger, 98, steps down as Daily Journal chairman By Jonathan Stempel 2 Min Read March 28 (Reuters) - Charlie Munger, the 98-year-old business partner of Warren Buffett at Berkshire Hathaway. Stock Company Name % of Portfolio Shares Value % Change Change Ownership History Price History Date; Largest Stock Buys since Q1 2022: . AP Images / Nati Harnik Charlie Munger's Daily Journal spent $118 million on stocks in the six months to March 31. February 17, 2022. Yahoo Finance is the exclusive live stream destination for the fully virtual Daily Journal Annual Meeting in Los Angeles on Wednesday February 16th from 1-3pmET. Munger is also a noted philanthropist. If more of us would say it out loud when we don't know an answer, we'd have a much more . In addition to the transcript, you may also listen . We used billionaire Charlie Munger's Daily Journal's Q4 2021 portfolio to analyze his top stock picks, ranking the companies according to the hedge fund's stake value in each holding. These were a few lessons to take away from it. Daily Journal Holdings Heatmap . Daily Journal now owns more than 302,000 shares of the Chinese e . March 5, 2021 by Jon. For the three months ended Dec. 31, Alibaba posted net income of $3.2 billion, or earnings of $1.18 per share, on $38.06 . Charlie Munger has been managing investments for a long time and the billionaire says it's never been harder for young people to make and keep their money. Daily Journal Corp's largest holding is Bank of America Corp. (North Carolina National Bank) with shares held of 2,300,000. Charlie Munger bought some securities for the Daily Journal, a newspaper where he serves as the director, and made a boatload of money. Charlie Munger gives up Daily Journal chairman title, donates $1 million in stock. Throughout the transcript below, I have included clickable links . What Happened: Daily Journal, a hedge fund run by Charlie Munger, who is more famously known as billionaire Warren Buffett's right-hand man, cut its stake in Alibaba by half, a 13F filing by the . We have listed below some of the key pronouncements he made in the February 2021 Daily Journal AGM. Nobody covers Johnson County and the surrounding areas like the Daily Journal. To buy more copies, call 866-531-1492 or email subscribe@dailyjournal.com This is the property of the Daily Journal Corporation and fully protected by copyright. Enjoy these highlights straight from the GOAT's mouth! REUTERS/Scott Morgan Jan 4 (Reuters) - Daily Journal Corp (DJCO.O), the publishing and technology company in which Warren Buffett's longtime business partner Charlie Munger is chairman, . Charlie Munger speaks at the Daily Journal annual meeting. Here's that transcript, starting at 37:37, from the . He answered questions for almost two hours. Charlie Munger, the 98-year-old investor who's a longtime business partner of Warren Buffett, is giving up his chairman title at the Daily Journal Corp. and donating $1 million of stock to create. AddThis AMP Frame. Charlie Munger held court at the Daily Journal Annual Meeting last week. The original story is on Bloomberg (check it out) with a focus on the SEC's questioning why the paper should not be . Earlier this year at the Daily Journal Annual Meeting , Charles Munger explained why old school valuation methods will never die. The second foreign company owned in the portfolio is Alibaba, which increased . He is the Vice-Chairman of Berkshire Hathaway and has been a major force in that company's success. Once again, the wit and wisdom of Charlie Munger was on full display at the deceptively youthful age of 98! Legendary investor and polymath Charlie Munger, Berkshire Hathaway's vice-chairman and Warren Buffett's long-time business partner, headlined the Annual Meeting of Shareholders of the Daily Journal. The. 2 months ago - Yahoo Finance. TikTok video from Yahoo Finance (@yahoofinance): "Charlie Munger on Bitcoin during the Daily Journal Annual Meeting. Munger is also a noted philanthropist. There's always something to learn from the 98-year-old investor. Legendary investor and polymath Charlie Munger, Berkshire Hathaway's vice-chairman and Warren Buffett's long-time business partner, headlined the Annual Meeting of Shareholders of the Daily Journal Corporation in Los Angeles on Wednesday.For nearly two hours, Munger, chairman of the Daily Journal's board, and Jerry Salzman, the company's CEO, fielded shareholder questions about topics ranging . February 20, 2022. Berkshire Hathaway Vice Chair Charlie Munger thinks that everyone can be a good investor - but maybe not more than just "good." Speaking at the Daily Journal's annual meeting on Feb. 24, Munger, who serves as the Daily Journal's executive chair, compared investing to chess. We always endeavor to update the latest information relating to Charlie Munger Net Worth so that you can find the best one you want to ask at LawListing.com. #CharlieMunger #DailyJournalAnnualMeeting #BerkshireHathawayYahoo Finance is the exclusive live stream platform for the fully virtual Daily Journal ($DJCO) A. The meeting features Daily Journal Chairman and Berkshire Hathaway Vice Chairman Charlie Munger and DJCO President and CEO Jerry Salzman. He is the Vice-Chairman of Berkshire Hathaway and has been a major force in that company's success. Q&A sesssion with Charlie Munger July 1st, 2011. Charlie Munger tackled a slew of subjects during Daily Journal's annual meeting on Wednesday. . Yahoo Finance's Julie Hyman reports that 98-year-old Charlie Munger is stepping down from his role as chairman of the Daily Journal. At the Daily Journal annual meeting, Munger has more room to speak his mind and answer shareholder queries with his snappy comebacks and intellectual responses. April 11 (Reuters) - Daily Journal Corp DJCO.O, the publishing and software company where Warren Buffett's business partner Charlie Munger helps oversee investments and until recently was chairman,. You can't. In February, at publishing company. . By Jonathan Stempel. February 17, 2022. Wendy Munger net worth in . Once again, the wit and wisdom of Charlie Munger was on full display at the deceptively youthful age of 96. March 14, 2022. Jason Zweig has a great article (as usual) on Charlie Munger in his weekly Saturday column. He has an estimated net worth of $2.3 billion. February 15, 2022 by Business Desk. Read more. 13 Apr 2015 Charlie Munger's 2015 Daily Journal Annual Meeting - Part 2. Warren Buffett's business partner has served as chairman of the newspaper publisher since 1977. Charlie Munger: Well, of course, only the future knows who's going to be right. The idea of getting more value than you pay for, that's what investment is if you want to be successful you have to get more value than you pay for. Charlie Munger, the former Chairman of The Daily Journal not only bought more of a Chinese stock called Alibaba ADRs in January but touted it at DJCO's annual meeting on Feb. 16.. Munger, a former lawyer and hedge fund manager, is also Warren Buffett's right-hand man at Berkshire Hathaway ()Now comes news from a 13-F filing that sometime in Q1 The Daily Journal eliminated . Legendary investor and polymath Charlie Munger, Berkshire Hathaway's vice-chairman and Warren Buffett's long-time business partner, headlined the Annual Meeting of Shareholders of the Daily Journal Corporation in Los Angeles on Wednesday.For nearly two hours, Munger, chairman of the Daily Journal's board, and Jerry Salzman, the company's CEO, fielded shareholder questions about topics ranging . In other words, it was most probably the last time Charlie Munger went on stage to do a Q&A for the Daily Journal investors. He answered questions for almost two hours. Charlie Munger, the 97-year old vice chairman of Warren Buffett's Berkshire Hathaway, has long been bullish on China's economy. Charlie Munger: That, of course, is a very intelligent question and a very difficult question. Speech by Charlie Munger to the Harvard School, 1986. Legendary investor and polymath Charlie Munger, Berkshire Hathaway's vice-chairman and Warren Buffett's long-time business partner, headlined the Annual Meeting of Shareholders of the Daily Journal Corporation ( DJCO) in Los Angeles on Wednesday. 6 min read. At this rate, he'll likely (hopefully) reach the longevity of Irving Kahn. Daily Journal Corp., a newspaper and software business that counts Charlie Munger as chairman, nearly doubled its holding of Chinese internet giant Alibaba Group Holding Ltd. shares in recent months. Look at how old the people are that have done it. Publishing business Still, the legal newspaper has a sizeable investment portfolio where he boosted its Alibaba stake by 83% in the third quarter. His Daily Journal Corporation ( DJCO) owned ~600,000 ADRs in the Chinese-based company at the end of 2021, but. Daily Journal Holdings. Munger is also chairman of the Daily Journal Corporation (ticker: DJCO), a legal publisher based in Los Angeles, and their annual meeting was held on 3/25/2015. And so it's never going to be obsolete. Top 50 Daily Journal Holdings . As a shareholder, I just dropped in . Munger, who had chaired Los Angeles-based Daily Journal since 1977, will remain a director and focus on . The Daily Journal (DJCO) disclosed its latest investment portfolios on Jan, 4th, 2022, where Mr. Charlie Munger works as chairman. . Phone: (317) 736-7101 Toll free: (888) 736-7101. Their last reported 13F filing for Q1 2022 included $212,603,000 in managed 13F securities and a top 10 holdings concentration of 100.0%. Speech Transcripts, Op-Eds, Interviews, Etc. Daily Journal Corporation Announces New Chairman and CEO. In 2021, Charlie Munger became one of the most prominent Alibaba ( NYSE: BABA) bulls. "Charlie Munger Speaks at the Daily Journal's Annual Shareholder's Meeting" Interview of Charlie Munger by CNBC's Becky Quick, who selected and read a pair of questions from me. Most likely Daily Journal (DJCO) broke even on selling 302,060 shares of BABA in the first quarter of 2022, and now DJCO has 300,000 shares of BABA remaining as . Charlie Munger: 2021 Daily Journal Annual Meeting Transcript Charlie Munger at the 2021 Daily Journal annual meeting spoke once again at great length. He has an estimated net worth of $2.3 billion. She is well-known as the daughter of billionaire Charlie T. Munger, who is a well-known real estate investor, lawyer, and philanthropist. Berkshire Hathaway Vice Chairman Charlie Munger walks past a crowd at the annual Berkshire shareholder shopping day in Omaha, Nebraska, U.S., May 3, 2019. Her father is also well-known for his countless charitable endeavors. Another Daily Journal shareholder asked Munger if he had any insight as to who made the decision at Berkshire Hathaway to invest in Activision Blizzard in the fourth quarter of last year, just . Gerald L. Salzman is chief executive officer and president. U.S. Bancorp is a bank holding company based in America which is a part of Charlie Munger daily journal current holdings and investments. At the age of 97, Charlie Munger wasnot surprisinglysharp as a tack. Charlie Munger's remarks at the Daily Journal's 2020 Annual Meeting hit the nail on the head with respect to some of the . 25 Mar 2015 Munger Says Prepare for Harder World as Buying Power Slides. This week, Munger and company turned some heads when the Daily Journal disclosed a $37 million stake in Chinese e-commerce giant Alibaba Group Holding, good for 19% of the company's equity . USB is 3.93% of the investment, banking, and trust. March 28 (Reuters) - Charlie Munger, the 98-year-old business partner of Warren Buffett at Berkshire Hathaway Inc , on Monday gave up his role as chairman of Daily Journal Corp, a newspaper publisher and provider of software to courthouses. Whilst we aren't shareholders in this American firm, the AGM gives Mr Munger a pulpit from which he can expound his views on the world at large. This month I had the great pleasure of hearing Charlie Munger speak at the Daily Journal Annual Meeting for the fifth time. 25 Mar 2015 Munger Mocks Greek 'Idiotic Idea' You Can Vote Yourself Rich. Embedded below is the video of Charlie Munger's talk at the Daily Journal annual meeting 2017: For more on him, check out the book Charlie Munger: The Complete Investor as well as notes from the previous Charlie Munger Daily Journal meetings. Behind the Scenes With Berkshire Hathaway Billionaire Charlie Munger (Trades, Portfolio)," the investor acquired the newspaper in the late 1970s through the New America Fund, a fund he'd acquired. Yahoo Finance published this video item, entitled "Charlie . In a regulatory filing, the Los Angeles . The company reported its third-quarter 2022 financial results on Feb. 24. TheDailyJournal.com covers the latest news in South Jersey including Cumberland, Atlantic and Gloucester Counties along with regional coverage of New Jersey. Munger offered his views on a number of topics in the shareholder Q&A session this year, including some advice for investors in the current environment. . For nearly two hours, Munger, chairman of the Daily Journal's board, and Jerry Salzman, the company's CEO, fielded shareholder questions about topics ranging from SPACs, Bitcoin, and bubbles to . Never miss a trade 99 Likes, 6 Comments. 4953 views | You can't. The company reported its third-quarter 2022 financial results on Feb. 24. (1 Alibaba US stock = 8 Alibaba Hong Kong stocks) The investor sold $81 million of stock, and borrowed $43 million. For the three months ended Dec. 31, Alibaba posted net income of $3.2 billion, or earnings of $1.18 per share, on $38.06 . He was born in 1924 in Omaha, Nebraska. (Reuters) - Daily Journal Corp, the publishing and software company where Warren Buffett's business partner Charlie Munger helps oversee investments and until recently was chairman, on Monday said it halved its investment in Chinese e-commerce giant Alibaba Group Holding Ltd. This transcript has been enhanced with clickable links to various curated resources. Tweet. Daily Journal Corporation's 5 Stock Portfolio | Charlie Munger | ~$200Million AUM | .. baby I like ur style. Yahoo Finance. Daily Journal Corporation Annual Meeting Notes and/or Transcript, 2013-2018. Charlie Munger held court at the Daily Journal Annual Meeting last week. We admire Mr Munger because he's a straightshooter i.e. February 28, 2020 / Richard Lewis / 3 Comments. Charlie Munger, the 98-year-old business partner of Warren Buffett at Berkshire Hathaway Inc , on Monday gave up his role as chairman of Daily Journal Corp, a newspaper publisher and provider of software to courthouses. Most likely Daily Journal (DJCO) broke even on selling 302,060 shares of BABA in the first quarter of 2022, and now DJCO has 300,000 shares of BABA remaining as . TikTok video from StocksTok (@stocks.tiktok): "Charlie Munger is the Chairman of the Daily Journal #charliemunger #dailyjournal #SkipTheRinse #fyp #stockstiktok #robinhood". In 2011, Munger made another gift to the Law School, contributing $20 million for renovations to the Lawyers Club housing complex . Daily Journal Holdings Charlie Munger is a finance and investing legend. . 11 Sep 2014 Munger Hosts Groupies, Mocks Wall Street, Praises Buffett. 30 S. Water St., Second floor, Suite A, Franklin, IN 46131. Charlie Munger: 2022 Daily Journal Annual Meeting Transcript. Here are all the most relevant results for your search about Charlie Munger Net Worth . Charlie Munger has sold half of Daily Journal's stake in Alibaba as of Q1 2022, which is a surprising change after Munger doubled down on BABA in Q4 2021 only to reverse course now. . For nearly two hours, Munger, chairman of the Daily . The meeting was held on February 24, 2021. But China is a big modern nation. "Charlie Munger Speaks at the Daily Journal's Annual Shareholder's Meeting" Interview of Charlie Munger by CNBC's Becky Quick, who selected and read a pair of questions from me. And so it's never going to be obsolete. It's got this huge population and this huge modernity that has come in the last 30 years. Munger is a major benefactor of the University of Michigan.In 2007, Munger made a $3 million gift to the University of Michigan Law School for lighting improvements in Hutchins Hall and the William W. Cook Legal Research Building, including the noted Reading Room. Lessons from Charlie Munger at the Daily Journal Meeting. he does not say, "on the one hand this . J. P. Guerin is vice-chairman of the Daily Journal Corporation. Charlie Munger answered questions at the Daily Journal annual meeting this week. For reprint rights or to purchase a copy of your Daily Journal photo, email jeremy@reprintpros.com for prices or call 949-702-5390. Other services include mortgage and payment services offered to government and . Posted by market folly at 11:47 AM. #investing #bitcoin #stocks #yahoofinance #foryou #yahoofinanceexclusive". At the 2022 Daily Journal Annual Meeting, Charlie Munger delivered a simple defense of why he invested DJCO's cash into Alibaba (BABA). April 3, 2022. Daily Journal's Alibaba stake was worth about $72 million on December 31, representing about 28% of its US stock portfolio. The Daily Journal Corporation has been publicly traded since 1987 on the NASDAQ under DJCO. Here's that transcript, starting at 37:37, from the . April 11 (Reuters) - Daily Journal Corp (DJCO.O), the publishing and software company where Warren Buffett's business partner Charlie Munger helps oversee investments and until recently was. Post . junto.investments / Published Feb 19th, 2022 / in Investing Commentary / Save. Lessons from Charlie Munger at the Daily Journal Meeting. An event paid for by Charlie Munger after the Wesco merger. I also share some of my guesstimates as to how much I think the Daily Journal may have invested in Alibaba throughout . She works for the Daily Journal of Commerce as an editor and reporter, and she also looks after the website. Munger will stay on the board and donate $1 million in Daily Journal stock to go toward an equity-incentive plan. Since his speech at the Daily Journal, Charlie Munger has resigned as chairman of the board where he managed the Daily Journal's investment portfolio for 45 years. Charlie Munger is a finance and investing legend. Charlie, Charlie, Charlie. Thankfully, the questions were moderated. A new 13F regulatory filing with the Securities and Exchange Commission, made last week, showed that the Daily Journal Corporation, which is overseen by Charlie Munger in his capacity as Chairman . Warren Buffett's business partner slammed traders, blasted cryptocurrencies, and praised China. Though, one of the few downsides of these meetings is the repetitiveness from year to year. The Daily Journal's highly concentrated portfolio consists mainly of U.S. bank stocks and a South Korean steel-making company called POSCO. original sound. TheDailyJournal.com covers the latest news in South Jersey including Cumberland, Atlantic and Gloucester Counties along with regional coverage of New Jersey. February 18, 2022 by Jon. 1.2K Likes, 154 Comments. It is made available only to Daily Journal . Munger's share at the U.S. Bancorp comes out to be 2.93%, at $7,743,000. The idea of getting more value than you pay for, that's what investment is if you want to be successful you have to get more value than you pay for. Its chairman is Charles T. Munger, who is also vice chairman of Berkshire Hathaway. and morphed into a very successful legal daily newspaper" focused on publishing appellate opinions - "an ideal niche. Daily Journal: Charlie Munger-5.10%: $212604000: 5: Top Holdings Largest Trades Portfolio Structure Sector Allocation Performance History. I savor his terse answers and that he regularly admits he doesn't know an answer or "can't contribute.". Daily Journal Corp has met the qualifications for inclusion in our WhaleScore system. Charlie Munger will leave his role as chairman of Daily Journal, according to a regulatory filing Monday. It's always a wonderful pleasure to hear Charlie Munger speak at the Daily Journal Annual Meeting.