I caught an interesting shareholders' meeting last week – the Daily Journal Corp. (Nasdaq: DJCO).
If you haven't heard of it, I'm not surprised. It's a sleepy little company, pulls in just $50 million a year in revenue selling newspapers and software products for the legal profession out in California and Arizona.
In other words, Daily Journal is about as far from the flashy FANGs or flavor-of-the-moment Dow movers as you can get and still be a listed company in the United States of America.
The meeting was packed to the rafters. A standing-room crowd of 1,000 people crammed into the hall.
Why such a crowd at a meeting like this?
Well, because the chair of Daily Journal is none other than Charlie Munger himself – the No. 2 guy at Berkshire Hathaway.
Easily one of the world's shrewdest, most successful investors, he's been Warren Buffett's compadre and partner in crime for decades now.
And I think every investor in America could make a mint if they heard what he had to say…
About the Author
Tim Melvin is an unlikely investment expert by any measure. Raised in the "projects" of Baltimore by a single mother, he never attended college and started out as a door-to-door vacuum salesman. He set his sights on becoming a stockbroker - and by sheer force of determination, eventually got in the door at a small brokerage firm. Today, as a 30-year veteran of the financial services and investment industry, he has served as a broker, advisor, and portfolio manager, and draws on this three decades of experience to help investors worldwide find "unreasonably good" bargain stocks, multiply profits and build their nest eggs.
Tim tirelessly works to find overlooked "hidden gems" in the stock market, drawing on the research of legendary investors like Benjamin Graham, Walter Schloss, and Marty Whitman. He has written and lectured extensively on the markets, with work appearing on Benzinga, Real Money, Daily Speculations, and more. He has published several books in the "Little Book of" Investment Series and a "Junior Chamber Course" geared towards young adults that teaches Graham's principles and techniques to a new generation of investors. Today, he serves as the Special Situations Strategist at Money Morning and the editor of "Max Wealth" and Heatseekers.