Charlie Munger Gave His Family Fortune To 'Chinese Warren Buffett' – He Flipped It Into $400 Million: 'Backed Up The Truck And Made A Killing' [Yahoo! Finance]
Daily Journal Corp. (S.C.) (DJCO)
US:NASDAQ Investor Relations:
dailyjournal.com
Company Research
Source: Yahoo! Finance
He handed almost $90 million of his family's fortune to a 38-year-old investor named Li Lu. At the time, Li was a rising star in the investment world, often called the "Chinese Warren Buffett." What followed was remarkable. That initial investment grew into about $400 million, showing just how successful that decision was. Don't Miss: Li Lu, the founder of Himalaya Capital, had a reputation for applying the value investing principles of Ben Graham, similar to Munger and Buffett. Instead of focusing on the crowded American market, Li turned his attention to Chinese stocks, where he saw immense potential. Munger once remarked, "We made unholy good returns for a long, long time," reflecting on the success of his decision to entrust Li with his family's wealth. Munger noted that the initial $88 million investment had grown four or five times. Trending: The global games market is projected to generate $272B by the end of the year — for $0.55/share, this VC-backed startup with a 7M+
Show less
Read more
Impact Snapshot
Event Time:
DJCO
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
DJCO alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
DJCO alerts
High impacting Daily Journal Corp. (S.C.) news events
Weekly update
A roundup of the hottest topics
DJCO
News
- With 56% ownership of the shares, Daily Journal Corporation (NASDAQ:DJCO) is heavily dominated by institutional owners [Yahoo! Finance]Yahoo! Finance
- Charlie Munger Said 401(k) Plans Should Only Offer Index Funds – No Other Investment Options: 'It's The Logical Thing To Do' [Yahoo! Finance]Yahoo! Finance
- Daily Journal Co. (NASDAQ: DJCO) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Daily Journal (DJCO) Nine Months Fiscal 2024 Earnings Soar Y/Y [Yahoo! Finance]Yahoo! Finance
- Daily Journal Co. (NASDAQ: DJCO) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
DJCO
Sec Filings
- 11/12/24 - Form SC
- 11/4/24 - Form SC
- 10/11/24 - Form 13F-HR
- DJCO's page on the SEC website