Daily Journal Corporation (NYSE:DJCO) publishes legal newspapers specializing in public notice advertising primary in California, and supplies software case management systems, including electronic services to courts and other justice agencies, known as Journal Technologies. Charlie Munger, chairman of Daily Journal, who has gumption for capital allocation, has increased the book value of Daily Journal from 2004 of $10.3 million to $137.7 million in 2019, with an annualized book value growth rate of 20.7% from 2004 to 2019. Charlie Munger’s proven ability and record to allocate capital has been undervalued as Daily Journal is