11/13/2022 0 Comments Investing daily jim fink review![]() Salzman’s retirement?Ĭharlie Munger: Well, our long-term plan (is) to replace both Gerry and I because he’s eighty-three and I’m ninety-eight. And Peter didn’t want to do it anymore, and that’s all we have to say.īecky Quick: What is the current Daily Journal’s management succession plan and who will be in charge after Mr. Gerry Salzman: Charlie, I think you should answer that.Ĭharlie Munger: Well, I’ll handle it as long as we can, and when I’m gone or sufficiently impaired, we’ll get somebody else to do it.īecky Quick: Ok, the second part of that question is, what are the reasons for Gerry and Peter Kaufman leaving the board?Ĭharlie Munger: Well, we are going to have to make changes in the future because Gerry and I are so superannuated. So you’re on for the first question.īecky Quick: How does the Daily Journal plan to handle its investment portfolio after Charlie steps back? Now we’re going to answer questions in the tradition that’s come to both the Daily Journal and Berkshire Hathaway. The Daily Journal’s former business is over. We have the proxies, we have the inspector of elections, we have everything here, that is now done. (Note: I frequently summarized the questions that were presented by the host Becky Quick, but as for anything that Charlie or Gerry said, I translated them verbatim and as accurately as possible.)Ĭharlie Munger: The sole business of the meeting is to elect four directors Munger, Conlin ( link 1, 2), Maryjoe Rodriguez and John Frank ( link 1, 2, 3). Munger for energetically entertaining our questions and graciously sharing his wisdom, insights, and time with all of us. In addition to the transcript, you may also listen to my “time-saver” edit of the meeting’s audio, or watch the entire meeting on YouTube. This transcript has been enhanced with clickable links to various curated resources. #Investing daily jim fink review fullOnce again, the wit and wisdom of Charlie Munger was on full display at the deceptively youthful age of 98! Only those representatives with "Advisor" in their title or who otherwise disclose their status as an advisor of NMWMC are credentialed as NMWMC representatives to provide investment advisory services.It’s always a wonderful pleasure to hear Charlie Munger speak at the Daily Journal Annual Meeting. Not all Northwestern Mutual representatives are advisors. Not all products and services are available in all states. Products and services referenced are offered and sold only by appropriately appointed and licensed entities and financial advisors and professionals. Investment advisory and trust services are offered through Northwestern Mutual Wealth Management Company® (NMWMC), Milwaukee, WI, a subsidiary of NM and a federal savings bank. Investment brokerage services are offered through Northwestern Mutual Investment Services, LLC (NMIS) a subsidiary of NM, broker-dealer, registered investment advisor, and member FINRA and SIPC. Long-term care insurance is issued by Northwestern Long Term Care Insurance Company, Milwaukee, WI, (NLTC) a subsidiary of NM. Life and disability insurance, annuities, and life insurance with long-term care benefits are issued by The Northwestern Mutual Life Insurance Company, Milwaukee, WI (NM). Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company and its subsidiaries. Visit our Client Relationship Summaries (Form CRS) which provide brief information about our firms that provide brokerage services and advisory services. To learn more about Northwestern Mutual Investment Services, LLC and its financial professionals, visit FINRA BrokerCheck®. The printing, copying, redistribution or retransmission of this Content without express written permission is prohibited. Used by permission and protected by the Copyright Laws of the United States. Ratings are subject to change.Ĥ From Investor's Business Daily, September 20, 2021, ©2021 Investor's Business Daily, Inc. Best Company), 8/22 (Fitch Ratings) and 7/22 (S&P Global Ratings). Ratings are as of 5/22 (Moody's Investors Service), 6/22 (A.M. Financial Advisor magazine B–D 2019 ranking as measured by gross revenue.ģ Ratings are for The Northwestern Mutual Life Insurance Company and Northwestern Long Term Care Insurance Company as of the most recent review and report by each rating agency. All Rights Reserved.Ģ Ranking for Northwestern Mutual Investment Services, LLC. Environmental, Social & Governance Reportġ ©2017–2020 and TM, NerdWallet, Inc. ![]()
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