The Daily Journal Corporation's market value has exploded over the past decade, even as its core business has declined. The company's balance sheet has snowballed in size thanks to the investment skills of its chairman, Charlie Munger.
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Amid the financial crisis, Munger decided to invest the group's sizeable cash balance into a handful of stocks. This proved to be a very savvy investment. Today, these holdings make up virtually all of the Daily Journal's shareholder equity.
However, there's much more...
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