Daily Journal’s Stock Has Crushed The Market [CHART]

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Daily Journal’s Stock Has Crushed The Market [CHART]

Whitney Tilson’s email to investors discussing Munger’s Daily Journal annual meeting livestream February 24; Daily Journal stock; Getting a vaccination appointment in NYC; U.S. pandemic dashboard.

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Q4 2020 hedge fund letters, conferences and more

Munger's Daily Journal Annual Meeting Livestream

1) For more than 20 years, I've been attending the Berkshire Hathaway (BRK-B), Wesco, and Daily Journal (DJCO) meetings to hear Warren Buffett and Charlie Munger speak.

ValueWalk’s June 2022 Hedge Fund Update: Tiger Global’s Losses Total 44% In 2022

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I've never once regretted making the trip. These two are so wise and unique... and I love meeting and catching up with my friends and readers.

Along with my analysts Alex Griese and Kevin DeCamp, I attended Munger's Daily Journal annual meeting in Los Angeles last February (see our notes here). But this year the meeting will be livestreamed starting at 1 p.m. Eastern time on Wednesday, February 24 on Yahoo Finance's website. Here's Julia La Roche's article about it: Yahoo Finance to stream Daily Journal annual meeting featuring Charlie Munger. Excerpt:

"We won't be able to join each other in person this year, but I hope that many shareholders will join our annual meeting online. In the meeting, Jerry [Salzman] and I, as usual, will answer many questions," Munger wrote in a letter to shareholders last month.

I encourage you to send in a question for Munger. To do so, the proxy statement states:

Shareholders should send their questions to Julia LaRoche, a journalist at Yahoo Finance, who will then submit questions to the Board. Please send questions by February 15, 2021 at 5:00 p.m. Pacific time to the following email address: DailyJournalQuestions@YahooFinance.com. Given time constraints, we unfortunately anticipate that not all questions will be asked and answered at the Annual Meeting.

(Julia has assured me that she will still accept questions, even though the February 15 deadline has passed.)

Daily Journal's Stock

2) Shame on me for never looking closely at the Daily Journal's stock. As you can see in this chart, it has handily outperformed the S&P 500 Index over the past decade:

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Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver
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