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Search resuls for: "Daily Journal"


15 mentions found


☆ Berkshire's Charlie Munger calls A.I. advances a 'mixed blessing'
  + stars: | 2023-02-16 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBerkshire's Charlie Munger calls A.I. advances a 'mixed blessing'Charlie Munger, Berkshire Hathaway vice chair and Daily Journal board member, is featured on 'Squawk Box' to discuss A.I., his favorite stocks of all time, and Elon Musk's Twitter takeover.
☆ Billionaire Charlie Munger: Cryptocurrency is 'crazy, stupid gambling,' and 'people who oppose my position are idiots'
  + stars: | 2023-02-16 | by ( Cheyenne Devon | ) www.cnbc.com   time to read: +3 min
It's just ridiculous that anybody would buy this stuff," Munger, 99, told CNBC's Becky Quick during a livestream of the event, adding: "It's totally absolutely crazy, stupid gambling." "I think the people who oppose my position are idiots, so I don't think there is a rational argument against my position," he said. Munger's comments come amid an avalanche of problems for crypto investors over the past year. He's previously urged the U.S. government to ban cryptocurrencies, and may partially get his wish as the crypto industry faces rising regulatory crackdowns. "In other words, an adviser may custody crypto assets at a bank, but banks are cautioned by their regulators not to custody crypto assets," Uyeda wrote.
☆ Watch Charlie Munger speak at the Daily Journal annual meeting
  + stars: | 2023-02-15 | by ( Yun Li | ) www.cnbc.com   time to read: +1 min
Charlie Munger, a shareholder and board member for The Daily Journal, is set to speak at the newspaper's virtual annual meeting Wednesday. Munger stepped down from his chairman title at the Los Angeles-based Daily Journal last year. Daily Journal's annual meetings typically feature hours of Q&A with Munger, drawing attention from investors and admirers around the globe. Munger is also the vice chairman of Berkshire Hathaway and a longtime business partner of Warren Buffett. He recently penned an op-ed in the Wall Street Journal, urging the U.S. to follow in China’s footsteps and ban cryptocurrencies.
☆ Charlie Munger still likes big banks and hates crypto
  + stars: | 2023-02-15 | by ( Paul R. La Monica | ) edition.cnn.com   time to read: +3 min
“I might have different ideas [than Buffett],” Munger said about bank stocks at the annual meeting for the Los Angeles-based newspaper publisher Daily Journal, where Munger was chairman until last year. Munger remains a board director at Daily Journal and is one of its top investors. Daily Journal, like Berkshire Hathaway (BRKB), is a conglomerate that also owns some individual stocks. Daily Journal’s portfolio is much smaller than Berkshire’s. Munger said he doesn’t want to sell Daily Journal’s bank investments because Daily Journal bought many of the stocks at the bottom during the 2008-2009 financial crisis.
☆ Charlie Munger downplays risk of Taiwan invasion, says crypto fans are 'idiots'
  + stars: | 2023-02-15 | by ( Jonathan Stempel | ) www.reuters.com   time to read: +2 min
Feb 15 (Reuters) - Charlie Munger, the longtime business partner of Warren Buffett at Berkshire Hathaway Inc (BRKa.N), on Wednesday said China remains a top opportunity for investors despite geopolitical risks. Munger also doubled down on his recent Wall Street Journal editorial calling for the U.S. government to follow China and ban cryptocurrency, saying "people who oppose my position are idiots." Referring to Chinese President Xi Jinping and Russia's nearly yearlong invasion of Ukraine, Munger downplayed concern that China might invade Taiwan. Munger also called TSMC the "strongest semiconductor company on earth," though Berkshire recently cut its formerly $4.1 billion stake by 86%. Reporting by Jonathan Stempel in New York; editing by Diane CraftOur Standards: The Thomson Reuters Trust Principles.
☆ Charlie Munger on crypto: It's ridiculous anybody would buy this 'massively stupid' stuff
  + stars: | 2023-02-15 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCharlie Munger on crypto: It's ridiculous anybody would buy this 'massively stupid' stuffBillionaire investor and Berkshire Hathaway Vice Chairman Charlie Munger speaks at the Annual Shareholders Meeting of the Daily Journal Corporation.
☆ Charlie Munger weighs in on ChatGPT3: Artificial intelligence is not going to cure cancer
  + stars: | 2023-02-15 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCharlie Munger weighs in on ChatGPT3: Artificial intelligence is not going to cure cancerBillionaire investor and Berkshire Hathaway Vice Chairman Charlie Munger speaks at the Annual Shareholders Meeting of the Daily Journal Corporation.
☆ Charlie Munger on BYD versus Tesla: This carmaker is so ahead of Tesla in China, it's ridiculous
  + stars: | 2023-02-15 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCharlie Munger on BYD versus Tesla: This carmaker is so ahead of Tesla in China, it's ridiculousBillionaire investor and Berkshire Hathaway Vice Chairman Charlie Munger speaks at the Annual Shareholders Meeting of the Daily Journal Corporation.
☆ Charlie Munger says BYD is so far ahead of Tesla in China it's almost ridiculous
  + stars: | 2023-02-15 | by ( Yun Li | ) www.cnbc.com   time to read: +1 min
Charlie Munger said Wednesday that Tesla pales in comparison to BYD in China, calling the Chinese electric vehicle maker his favorite stock ever. Berkshire initial investment is now "worth about $8 billion or maybe $9 [billion]. Berkshire has actually been trimming its BYD stake in the past year as the stock has become increasingly pricey. "At the current price of BYD stock, little BYD is worth more than the entire Mercedes corporation. It's not a cheap stock, but on the other hand, it's a very remarkable company," Munger said.
☆ Investors need to embrace these stocks that we love
  + stars: | 2023-02-12 | by ( Paul R. La Monica | ) edition.cnn.com   time to read: +8 min
I’ve typically done this stock picking feature in early to mid February as a Stocks We Love type of story, pegging it to Valentine’s Day. The restaurant stocks in particular could do well. Inflation is obviously still a concern for big consumer brands. Consumer prices rose 6.5% over the past 12 months through December, down from a 7.1% pace in November. Up nextMonday: Earnings from TreeHouse Foods (THS), Avis Budget (CAR), FirstEnergy (FE), IAC (IAC) and PalantirTuesday: US CPI; Japan GDP; UK employment report; earnings from Coca-Cola, Asahi Group, Marriott (MAR).
☆ U.S. curbs exports to Iranian firms for producing drones for Russia
  + stars: | 2023-01-31 | by ( Karen Freifeld Mike Stone | Karen Freifeld | Mike Stone | ) www.reuters.com   time to read: +2 min
WASHINGTON, Jan 31 (Reuters) - The United States on Tuesday put new trade restrictions on seven Iranian entities for producing drones that Russia has used to attack Ukraine, the U.S. Department of Commerce said. Iran's mission to the United Nations in New York said: "Sanctions have no effect on Iran's drone production capacity because its drones are all produced domestically. This is a strong indication that the drones shot down in Ukraine and using parts made by Western countries don't belong to Iran." In January, Canada announced it would buy a U.S.-made National Advanced Surface-to-Air Missile System (NASAMS) for Ukraine. The United States has provided two NASAMS to Ukraine and more are on the way.
☆ The US relied on a secret force of Japanese-Americans to win World War II in the Pacific — while their families were locked up at home
  + stars: | 2023-01-05 | by ( Katie Sanders | ) www.businessinsider.com   time to read: +17 min
Japanese-American Nisei soldiers at US Army Military Intelligence Service language school. Not many people know that we had Japanese-Americans fighting the Pacific war. The very first Japanese language school was started by the Army a months before Pearl Harbor. A US Army Nisei soldier gives water to a child in Okinawa. US Army Nisei soldiers interrogating a Japanese prisoner of war.
☆ Stop complaining, says billionaire investor Charlie Munger: 'Everybody's five times better off than they used to be'
  + stars: | 2022-12-27 | by ( Tom Huddleston Jr. | ) www.cnbc.com   time to read: +3 min
Billionaire Charlie Munger thinks we should all be a lot happier. During that annual meeting, Munger complained that envy is a driving factor for too many people today. In 2019, Munger downplayed the effects of wealth and income inequality, and claimed that the politicians who were "screaming about it are idiots." At the Daily Journal's annual meeting this year, he added that most people's concerns over wealth inequality and criticisms of the extremely wealthy were "motivated" by envy. Sign up now: Get smarter about your money and career with our weekly newsletterDon't miss: Billionaire investor Charlie Munger: ‘The world is not driven by greed, it’s driven by envy’
☆ Charlie Munger discusses investing at the Daily Journal annual meeting
  + stars: | 2022-12-16 | by ( Cnbc.Com Staff | ) www.cnbc.com   time to read: 1 min
Famed investor Charlie Munger, a shareholder and board member for the Daily Journal Corp., will speak at the organization's annual meeting on Wednesday, Feb. 15. The event is slated to begin streaming exclusively on CNBC at 1 p.m.
☆ Billionaire investor Charlie Munger: ‘The world is not driven by greed, it’s driven by envy’
  + stars: | 2022-12-10 | by ( Tom Huddleston Jr. | ) www.cnbc.com   time to read: +3 min
Billionaire investor Charlie Munger says he's never cared about comparing his riches to the money of others. It's driven by envy," Munger said at the annual meeting of the Daily Journal, the newspaper company where he is a director, earlier this year. In 2017, Munger said in an interview that he always tries to avoid feelings of "envy and jealousy" in business. Indeed, a 2018 study that found people driven by envy are more likely to experience poorer mental health and well-being. Envy is simply "built into the nature of things," Munger said at the Daily Journal's meeting.
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