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Highlights for the week ahead include public statements from Fed Chair Powell, anticipated earnings from Disney, jobless claim numbers, potentially some insights from Charlie Munger and more.

According to Ben Graham's value investment classic "The Intelligent Investor," the definition of a net-net is a company trading below its net working capital value. Warren Buffett re-coined the term, cigar butt, for having one puff left.

Daily Journal Corporation has done well to grow its new core business in recent years, creating real value for its investors. But the real value lies in the fact that the business has a significant portfolio of securities on its books.