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In an earlier article, I discussed the basics behind a very unique company, the Daily Journal Corporation (DJCO). Chaired by Charlie Munger, Warren Buffett's business partner, the company has been undergoing a gradual transformation from a sleepy (though profitable) regional legal publisher to a quasi-capital allocator and now, finally, into a technology company focused on a specific niche of software. Despite the fact that the Daily Journal Corporation has received significant media attention over the past year, I believe that much of this...
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