Statement from Daily Journal Corporation regarding the passing of Charles T. Munger

Rhea-AI Summary

Daily Journal Corporation (DJCO) mourns the passing of Charles T. Munger, a legendary figure known for his contributions at Berkshire Hathaway and his instrumental role in charting the course and financial performance of Daily Journal and Journal Technologies. His passing leaves a significant impact on the company's future.

Positive

• None.

Negative

• The passing of Charles T. Munger, a legendary figure, leaves a significant impact on the company's future.

LOS ANGELES, Nov. 29, 2023 (GLOBE NEWSWIRE) -- There is deep sadness across Daily Journal and Journal Technologies following news of the passing of Charles T. Munger on November 28, 2023. Above all, our condolences go to Charlie’s family and his many friends.

Charlie will be remembered for generations to come as a person of deep integrity and wisdom. He was an extraordinary thinker, investor, philanthropist, polymath, and human being. His life and approach have touched many people and organizations.

In business, Charlie is of course most famous for his legendary contributions at Berkshire Hathaway. However, following his original acquisitions of what eventually became Daily Journal Corporation, and in his long-time role over many decades as our Chairman, Charlie was instrumental in charting our course, contributing to our financial performance, and in ensuring the right kind of values are imbued into the fabric of our cultures at both Daily Journal and Journal Technologies.

Charlie will be missed by Daily Journal Corporation’s board of directors (of which Charlie remained a director until his passing), our employees, and our shareholders. Now, our responsibility is to carry on embodying the values that Charlie adhered to so unwaveringly, and work hard to continue building something enduring and impactful in the world, in ways that would make Charlie proud.

FAQ

What is the ticker symbol for Daily Journal Corporation?

The ticker symbol for Daily Journal Corporation is DJCO.

Who was Charles T. Munger and what was his role at Daily Journal Corporation?

Charles T. Munger was a legendary figure known for his contributions at Berkshire Hathaway. He played an instrumental role in charting the course and financial performance of Daily Journal and Journal Technologies.

How will Charles T. Munger's passing impact Daily Journal Corporation's future?

Charles T. Munger's passing leaves a significant impact on the company's future.

What values did Charlie adhere to at Daily Journal Corporation?

Charlie adhered to values that emphasized integrity, wisdom, and enduring impact on the world.

What is the responsibility of Daily Journal Corporation following Charles T. Munger's passing?

The responsibility is to carry on embodying the values that Charlie adhered to and continue building something enduring and impactful in the world, in ways that would make Charlie proud.