Morning Bamboo Insight: 28 Jul 2014

Morning Bamboo Insight: 28 Jul 2014

Macro

1. How Krugman Fudged the Truth on U.S. Debt; By mentioning only the baseline projection from the Congressional Budget Office, he downplayed the potentially dangerous growth of U.S. debt as a percentage of GDP.

http://online.barrons.com/news/articles/SB50001424053111904780504580043323337920154?mod=BOL_hp_mag

2. Texas tycoon Sam Wyly and the estate of his late brother Charles should pay damages totaling $1.41 billion for their role in a scheme that hid trades in companies they controlled using offshore trusts, the SEC said

http://www.reuters.com/article/2014/07/26/us-sec-wyly-idUSKBN0FV0ND20140726

3. Four years later, Dodd-Frank fails to turn banks into pet shops

http://fortune.com/2014/07/25/dodd-frank-volcker-risky-trading/

4. Heeding 1994’s Bond-Market Lesson

http://online.wsj.com/articles/heard-on-the-street-heeding-1994s-bond-market-lesson-1406494856

5. (Macro) – Trillion-dollar boo-boo: Bad governments cost investors a fortune

http://www.economist.com.libproxy.smu.edu.sg/news/finance-and-economics/21608754-bad-governments-cost-investors-fortune-trillion-dollar-boo-boo

6. BIG MAC INDEX: Kroners And Swiss Francs Are Still Overvalued

http://www.businessinsider.sg/big-mac-index-kroners-and-swiss-francs-are-still-overvalued-2014-7/#.U9W2H_mSxqU

7. Market mania: a ‘how-to’ guide to hot assets; From spotting the signs to timing your exit, profiting is tricky

http://www.ft.com/intl/cms/s/0/36c2fb44-0c4d-11e4-9080-00144feabdc0.html#axzz38j4SYiuh

8. Germany: A nation of tenants; Only 40 per cent of Germans own their homes, compared with 70 per cent of Britons

http://www.ft.com/intl/cms/s/0/14fe8e4c-1567-11e4-ae2e-00144feabdc0.html#axzz38j4SYiuh

Asia Pacific

1. (China/HK) – In Chinese shadow, HK fights for its future

http://www.bigstory.ap.org/article/chinese-shadow-hong-kong-fights-its-future-0

2. (China) – Retired military officials ordered to return extra homes

http://news.xinhuanet.com/english/china/2014-07/26/c_133512259.htm

3. (China) – State media promoting China’s leader Xi with intensity unseen since Mao era

http://www.washingtonpost.com/world/asia_pacific/state-media-promoting-chinas-leader-xi-with-intensity-unseen-since-mao-era/2014/07/24/f5517d88-1247-11e4-8936-26932bcfd6ed_story.html

4. (China) – What Do Chinese Dumplings Have to Do With Global Warming? In the 12 years between 1995 and 2007, China’s domestic refrigerator-ownership numbers have jumped to 95 percent from just 7 percent of urban families

http://www.nytimes.com/2014/07/27/magazine/what-do-chinese-dumplings-have-to-do-with-global-warming.html

5. (China) – Artful Dodge: Why Chinese Collectors Are ‘Borrowing’ Their Own Pieces

http://blogs.wsj.com/chinarealtime/2014/07/28/artful-dodge-why-chinese-collectors-are-borrowing-their-own-pieces

6. (China/Asia) – Winners and losers in the great Chinese rebalancing; Slowing investment and resilient consumption in China are changing Asia’s economic order

http://www.economist.com.libproxy.smu.edu.sg/news/finance-and-economics/21608749-slowing-investment-and-resilient-consumption-china-are-changing-asias-economic

7. (China/Consumer) – Diageo to write down Chinese spirit stake

http://www.ft.com/intl/cms/s/0/6ad46aa0-15a1-11e4-9e18-00144feabdc0.html#axzz38j4SYiuh

8. (Japan) – Shinzo Abe faces rising disenchantment in Japan

http://www.ft.com/intl/cms/s/0/d88ec8dc-1543-11e4-85bc-00144feabdc0.html?siteedition=intl#axzz38iqWKxc5

Life

1. Where Reason Ends and Faith Begins: In the face of uncertainty, being precise about what you don’t believe in can shore up your confidence in what you do

http://www.nytimes.com/2014/07/27/opinion/sunday/t-m-luhrmann-where-reason-ends-and-faith-begins.html?ref=opinion&_r=0

2. Failure Is Our Muse: Writers are the professional losers. Three hundred thousand books are published in the United States every year. A few hundred could be called financial or creative successes

http://www.nytimes.com/2014/07/27/opinion/sunday/failure-is-our-muse.html?ref=opinion

3. Branding gone wrong: When bad logos strike back

http://fortune.com/2014/07/21/branding-gone-wrong-when-bad-logos-strike-back/

4. What Rock Concerts Teach Us About Creating Strong Customer Bonds; “Love unfolds and reverberates between and among people and thereby belongs to all parties involved, and to the metaphorical connective tissue that binds them together”

http://www.forbes.com/sites/ruthblatt/2014/07/23/what-rock-concerts-teach-us-about-creating-strong-customer-bonds/print/

5. Innovation Emerges From Stories We Tell; Plato told us that “those who tell the stories rule society

http://www.forbes.com/sites/henrydoss/2014/07/25/innovation-emerges-from-stories-we-tell/print/

6. Love 2.0: Creating Happiness and Health in Moments of Connection

http://www.amazon.com/Love-2-0-Creating-Happiness-Connection/dp/0142180475

7. Many would tell you that if you show someone your heart, especially in business – you are soft. Weak. Prey in a world of predators. In the world of artists and making a business out of artistry, sometimes all an emerging artist has is heart

http://www.forbes.com/sites/lorikozlowski/2014/07/23/talenthouse-is-technology-connecting-the-established-and-emerging/print/

8. There’s A Major Revolution In The Book Industry That’s Letting Novelists Make A Living

http://www.businessinsider.sg/publishing-industry-revolution-is-helping-indie-writers-2014-7/#.U9RkkfmSxqU

9. To live in anxiety is to be human; Paradoxically, bravery is often found in those with excessive fears over other things

http://www.straitstimes.com/news/opinion/more-opinion-stories/story/live-anxiety-be-human-20140726

10. Tailspotting: Identifying and profiting from CEO vacation trips

http://lsr.nellco.org/cgi/viewcontent.cgi?article=1298&context=nyu_lewp

11. C.S. Lewis on Suffering and What It Means to Have Free Will in a Universe of Fixed Laws

http://www.brainpickings.org/index.php/2014/07/25/c-s-lewis-problem-of-pain-free-will/

12. Paula Scher on Process versus Outcome

http://www.farnamstreetblog.com/2014/07/paula-scher-on-process-versus-outcome/

13. Commonplace Books as a Source for Networked Knowledge and Combinatorial Creativity

http://www.farnamstreetblog.com/2014/07/networked-knowledge-and-combinatorial-creativity/

14. My Favorite Heuristic for Evaluating Relationships: The Antifragile Person

http://taylorpearson.me/the-antifragile-person/

15. Daniel Kahneman Explains The Machinery of Thought: The best we can do is a compromise: learn to recognize situations in which mistakes are likely and try harder to avoid significant mistakes when the stakes are high

http://www.farnamstreetblog.com/2014/07/daniel-kahneman-the-two-systems/

16. 75 Years In The Making: Harvard Just Released Its Epic Study On What Men Need To Live A Happy Life

http://www.feelguide.com/2013/04/29/75-years-in-th-making-harvard-just-released-its-epic-study-on-what-men-require-to-live-a-happy-life/

17. Don’t Send Your Kid to the Ivy League: The nation’s top colleges are turning our kids into zombies

http://www.newrepublic.com/article/118747/ivy-league-schools-are-overrated-send-your-kids-elsewhere

18. MasterCard’s Ajay Banga: Why ‘Yes, If’ Is More Powerful Than Saying No

http://knowledge.wharton.upenn.edu/article/mastercard-competitive-strategy/

19. Books – Decide: Work Smarter, Reduce Your Stress, and Lead by Example

http://www.amazon.com/exec/obidos/ASIN/1118554388/

TMT

1. Flood of Rivals Could Burst Amazon’s Cloud; Large Telecom and Startups Are Forging Into the Computing Services Business

http://online.wsj.com/articles/storm-clouds-over-amazon-business-1406328539

2. Apple attempts a return to innovation; ‘Apple’s research and development spending in the three months to June represented 4 per cent of sales – the highest ratio since 2006′

http://www.ft.com/intl/cms/s/0/9b615ac0-1344-11e4-8244-00144feabdc0.html#axzz38dBAEGxR

3. Advertising’s New Frontier: Talk to the Bot; Chat App Kik Unveils Feature That Lets Users Converse With Dozens of Brands

http://online.wsj.com/articles/advertisings-new-frontier-talk-to-the-bot-1406493740?mod=WSJ_LatestHeadlines

Consumer

1. The fallout after Comet crashed to earth: Claims of wrongdoing, legal short-cuts and corporate greed emerge in case over the collapse of the high street, electrical goods chain

http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/10992858/The-fallout-after-Comet-crashed-to-earth.html

Commodities

1. Abundant Grain Ripples Through U.S. Farm Industry

http://online.wsj.com/articles/abundant-grain-ripples-through-u-s-farm-industry-1406505224?mod=WSJ_LatestHeadlines

Energy

1. Sun, wind and drain: Wind and solar power are even more expensive than is commonly thought

http://www.economist.com.libproxy.smu.edu.sg/news/finance-and-economics/21608646-wind-and-solar-power-are-even-more-expensive-commonly-thought-sun-wind-and

2. UK shale licences attacked as ‘reckless race’

http://www.ft.com/intl/cms/s/0/5fc456c0-15ab-11e4-9e18-00144feabdc0.html#axzz38j4SYiuh

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Evening Bamboo Insight: 27 Jul 2014

Evening Bamboo Insight: 27 Jul 2014

Macro

1. The Right Way to Invest Globally; U.S. Investors Have Ramped Up Their Holdings of Foreign Stocks, But Some Do It the Wrong Way

http://online.wsj.com/articles/the-right-way-to-invest-globally-1406308068

2. (Macro) – How the U.S. Stumbled Into the Drone Era; Before 9/11, Washington was still locked in debate over a now familiar weapon

http://online.wsj.com/articles/how-the-u-s-stumbled-into-the-drone-era-1406234812

Asia Pacific

1. (Isia) – President-elect Jokowi crowdsources his Cabinet

http://www.todayonline.com/print/715286

2. (China) – China’s Guangdong province removes over 850 ‘naked officials’ from their posts

http://www.reuters.com/article/2014/07/26/us-china-corruption-idUSKBN0FV04F20140726

3. (Isia) – The small-town Mr Clean turned ‘accidental’ president; Many like him because he has ‘the face of someone from the village’. He also has a personal fortune of $2.5m

http://www.ft.com/intl/cms/s/0/5391098c-1328-11e4-8244-00144feabdc0.html#axzz38Zq4vtCl

4. (India) – Jailed Indian tycoon seeks ‘deal room’ to negotiate hotels sale

http://www.ft.com/intl/cms/s/0/319e8014-13f7-11e4-8485-00144feabdc0.html

5. (China) – Hollywood transformed: How China is changing the DNA of America’s blockbuster movies

http://www.ft.com/intl/cms/s/2/60338b6c-1263-11e4-93a5-00144feabdc0.html#axzz38ZqmWSwE

6. (China) – Jim Chanos Has A Whole New Reason For Going Dark On China

http://www.businessinsider.sg/jim-chanos-on-china-anti-corruption-2014-7/#.U9OnFPmSxqU

7. (Korea) – SK Group in paradox; Absence of chairman felt little amid stable growth

http://www.koreatimes.co.kr/www/news/biz/2014/07/123_161707.html

8. (Isia) – A Beacon of Hope, Change to a Positive Yet ‘Exhausted’ Indonesia; New Indonesian President Jokowi Can Bring Certainty, Consistency to Mining

http://www.thejakartaglobe.com/opinion/beacon-hope-change-positive-yet-exhausted-indonesia/

http://www.thejakartaglobe.com/opinion/new-indonesian-president-jokowi-can-bring-certainty-consistency-mining/

http://www.thejakartaglobe.com/opinion/editorial-killing-new-order-good-jokowi/

9. (Korea) – CJ Group, a conglomerate engaged in diverse industries from food production to entertainment, is starting to totter more than a year after Chairman Lee Jay-hyun, 54, was arrested and sentenced to four years in prison for embezzlement

http://koreajoongangdaily.joins.com/news/article/article.aspx?aid=2992567&cloc=joongangdaily|home|newslist1

10. (Isia) – Jokowi Cabinet in Focus as KPK Pushes for Clean Line-Up

http://www.thejakartaglobe.com/news/jokowi-cabinet-focus-kpk-pushes-clean-line/

11. (China) – Top 1% Control a Third of China’s Wealth while the bottom 25 percent control just one hundredth

http://www.thejakartaglobe.com/business/top-1-control-third-chinas-wealth/

12. (China/Myanmar) – China’s cancelled Burma railway is its latest derailment in southeast Asia

http://qz.com/240436/chinas-cancelled-burma-railway-is-its-latest-derailment-in-southeast-asia/

13. (China) – PetroChina trying to trim $1.23-billion payment to Athabasca; the Chinese company, rocked by a corruption scandal, is frustrated with the high price it paid for the oil sands assets and massive cost overruns

http://business.financialpost.com/2014/07/26/petrochina-trying-to-trim-1-23-billion-payment-to-athabasca-source/?__lsa=5ec1-8bc8

14. (China) – Transformers 4: Unhappy Chinese advertisers sue

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140726000067&cid=1202

Life

1. Was America’s revolution driven by political philosophers, or practical men reacting to events?

http://online.wsj.com/articles/book-review-natures-god-by-matthew-stewart-independence-by-thomas-p-slaughter-1406320774

2. Engineer whose vision helped build Brazil; Norberto Odebrecht, construction executive, 1920-2014

http://www.ft.com/cms/s/0/54a19ed8-1344-11e4-8244-00144feabdc0.html#axzz38ZqmWSwE

3. Lions and tigers and… CEOs? ‘The Wizard of Oz’ as leadership guide

http://fortune.com/2014/07/25/wizard-oz-leadership-lessons/

4. The Life and Times of a Bamboo Artist; “Every time you work with bamboo, you get something new”

http://forbesindia.com/printcontent/38307

5. Books – Toto’s Reflections: The Leadership Lessons from the Wizard of Oz

http://www.amazon.com/Totos-Reflections-Leadership-Lessons-Wizard/dp/1478718021/

6. Powerful and Coldhearted: It’s hard for powerful people to feel empathy

http://www.nytimes.com/2014/07/27/opinion/sunday/powerful-and-coldhearted.html?ref=opinion&_r=0

7. No Time to Think; It could be because human beings, when left alone, tend to dwell on what’s wrong in their lives. We have evolved to become problem solvers and meaning makers

http://www.nytimes.com/2014/07/27/sunday-review/no-time-to-think.html?ref=opinion

8. How anti-capitalist Michael Moore built a £30m fortune

http://www.telegraph.co.uk/finance/personalfinance/fameandfortune/10990422/How-anti-capitalist-Michael-Moore-built-a-30m-fortune.html

9. Fruits and Vegetables Are Trying to Kill You; Antioxidant vitamins don’t stress us like plants do-and don’t have their beneficial effect

http://nautil.us/issue/15/turbulence/fruits-and-vegetables-are-trying-to-kill-you

10. Books That Can Boost Your Portfolio: Business Classics Every Serious Investor Should Read

http://online.wsj.com/articles/books-that-can-boost-your-portfolio-1406420208

TMT

1. (India/Tech) – Text and Ride in India; A handful of start-ups in India have begun to use technology to more easily connect auto-rickshaw drivers with customers – a twist to Uber and Lyft

http://www.nytimes.com/2014/07/26/business/international/start-ups-in-india-streamline-auto-rickshaw-business.html

2. (China/Tech) – Baidu Finds China’s Mobile Money

http://online.wsj.com/articles/heard-on-the-street-baidu-finds-chinas-mobile-money-1406268963

3. Ready to Wear? The Internet of Things is headed for your wrist: smart watches and fitness bands. Who wins, who loses in wearable technology

http://online.barrons.com/news/articles/SB50001424053111904780504580043384005466508

4. Apple Secretly Acquired “Pandora For Books” Startup BookLamp To Battle Amazon

http://techcrunch.com/2014/07/25/apple-booklamp/

5. (China/Tech) – Qualcomm sales data seized amid antitrust probe in China

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140726000125&cid=1102

6. (China/Tech) – Xiaomi may have exaggerrated website hits to create hype

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140726000131&cid=1206

7. (China/Tech) – Alibaba maps out mobile internet strategy with AutoNavi

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140726000059&cid=1502

Consumer

1. How Hotcha hopes to become the Domino’s of Chinese takeaway; Chinese food over took fish and chips to became the country’s favourite takeaway this year. But there is no national rival to the big pizza chains – yet

http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/10981638/How-Hotcha-hopes-to-become-the-Dominos-of-Chinese-takeaway.html

2. Koreans’ love of good coffee is getting even more intense; Seoul has 284 Starbucks-the most in the world and seven more than New York City’s 277

http://qz.com/240922/korea-love-of-good-coffee-is-getting-even-more-intense/

Healthcare

1. Hearing Aids: Mimicking a fly’s aural mechanism may replicate its acuity for humans

http://www.economist.com/blogs/babbage/2014/07/fly-inspired-hearing-aids

Investing Process

1. Finding Value Companies the Schloss Way

https://www.aaii.com/computerized-investing/article/stock-screening-with-walter-schloss.pdf

2. Research – The 52-Week High and Momentum Investing

http://basehitinvesting.com/wp-content/uploads/2013/01/52-Week-High-and-Momentum-Investing.pdf

Morning Bamboo Insight: 27 Jul 2014

Morning Bamboo Insight: 27 Jul 2014

Macro

1. Why Voters Aren’t Angrier About Economic Inequality

http://www.nytimes.com/2014/07/25/upshot/why-voters-arent-angrier-about-economic-inequality.html?ref=business

2. A Chinese Gold Standard?

http://www.nytimes.com/2014/07/25/opinion/a-chinese-gold-standard-renminbi.html?ref=opinion

Asia Pacific

1. (China) – How the Hammer Falls as China Nails Corruption; Twenty months into a campaign against corrupt leaders, the crackdown is accelerating and the public is in the loop

http://english.caixin.com/2014-07-24/100708615.html

2. (China) – Company secretaries in China earn big bucks

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140725000011&cid=1203

3. (China) – Finance may upset China’s reform efforts

http://news.xinhuanet.com/english/indepth/2014-07/24/c_133508682.htm

4. (India/Isia) – What India’s Arvind Kejriwal can learn from Indonesia’s new president

http://qz.com/239649/what-indias-arvind-kejriwal-can-learn-from-indonesias-new-president/

5. (China) – Where China Goes To Outsource Its Own Soaring Labor Costs

http://www.zerohedge.com/news/2014-07-24/where-china-goes-outsource-its-own-soaring-labor-costs

6. (China) – China’s ageing millions look forward to bleak future

http://news.yahoo.com/chinas-ageing-millions-look-forward-bleak-future-061521065.html;_ylt=A0SO805RptBTt28Av91XNyoA

7. (China) – Focus of Graft Fight Must Move from Party to Nation; a fundamental solution to China’s corruption problem lies in building institutions that command respect across the country

http://english.caixin.com/2014-07-25/100709008.html

8. (India) – Kushagra Bajaj Of India’s Bajaj Group Is Man On A Mission As He Takes It From Sugar To Power

http://www.forbes.com/sites/saritharai/2014/07/23/kushagra-bajaj-of-indias-bajaj-group-is-man-on-a-mission-as-he-it-from-sugar-to-power/print/

Life

1. New Spore: SIA was 1 Minute 44 Seconds From Disaster!

http://www.tremeritus.com/2014/07/24/sia-was-1-minute-44-seconds-from-disaster/

2. Billionaire couple Pan Shiyi and Zhang Xin have faced a deluge of criticism for donating US$15 million (HK$117 million) to Harvard, one of the richest and most prestigious universities in the United States

http://www.thestandard.com.hk/news_detail.asp?we_cat=3&art_id=147718&sid=42682578&con_type=1&d_str=20140725&fc=8

3. Being Powerful Distorts People’s Perception of Time; the more power people have, the more time they feel they have available in their lives

http://www.theatlantic.com/business/print/2014/07/being-powerful-distorts-peoples-perception-of-time/374940/

4. Don’t Teach Math, Coach It

http://www.nytimes.com/2014/07/25/opinion/dont-teach-math-coach-it.html?ref=opinion

5. Books – Building a Better Teacher: How Teaching Works (and How to Teach It to Everyone)

http://www.amazon.com/Building-Better-Teacher-Teaching-Everyone/dp/0393081591

6. Books – Indonesia Etc.: Exploring the Improbable Nation – review

http://www.theguardian.com/books/2014/jul/24/indonesia-etc-exploring-improbable-nation-elizabeth-pisani-review

7. Why Do Americans Stink at Math?

http://www.nytimes.com/2014/07/27/magazine/why-do-americans-stink-at-math.html?_r=0

8. Why Birds Fly In A V-Formation

http://www.businessinsider.sg/why-bird-fly-in-a-v-2014-7/#.U9Jx4_mSxqU

9. Can you care for an elderly parent and still succeed at work?

http://fortune.com/2014/07/24/elderly-parents-work-life-balance/

10. The complete guide to having a creative breakthrough

http://qz.com/238681/the-complete-guide-to-having-a-creative-breakthrough/

11. 3 Ways To Turn Customers Into Rabid Fans

http://www.forbes.com/sites/erikaandersen/2014/07/24/3-ways-to-turn-customers-into-rabid-fans/print/

12. CEOs, Get to Know Your Rivals

http://blogs.hbr.org/2014/07/ceos-get-to-know-your-rivals/

TMT

1. The Next Thing in Farm-to-Table? Mobile Slaughterhouses

http://www.businessweek.com/articles/2014-07-24/the-next-thing-in-farm-to-table-mobile-slaughterhouses

2. (China/Tech) – Xiaomi Unveils a Fresh Chapter in Its Plan to Conquer the World

http://www.businessweek.com/articles/2014-07-22/the-latest-slick-cheap-smartphone-from-xiaomi-chinas-rising-mobile-power

3. The Next Big Thing in Hardware: Smart Garbage

http://bits.blogs.nytimes.com/2014/07/24/the-next-big-thing-in-hardware-smart-garbage/?_php=true&_type=blogs&ref=business&_r=0

4. Do Media Startups Have Staying Power?

http://www.bloombergview.com/articles/2014-03-17/do-media-startups-have-what-it-takes

5. (China/Tech) – Alibaba’s maturity mismatch: To continue offering high yields, Yu’E Bao has started to display classic signs of maturity mismatch. If Yu’E Bao spawns trouble, the applause will not last

http://www.economist.com/blogs/freeexchange/2014/07/chinese-finance

6. (China/Tech) – China’s digital transformation

http://www.mckinsey.com/insights/high_tech_telecoms_internet/chinas_digital_transformation

http://www.mckinsey.com/~/media/McKinsey/dotcom/Insights/High%20Tech%20Telecoms%20Internet/Chinas%20digital%20transformation%20The%20Internets%20impact%20on%20productivity%20and%20growth/Chinas_digital_transformation_Full_report.ashx

7. (Tech) – Facebook is now worth more than Coca-Cola, Disney, Intel

http://qz.com/240540/facebook-is-now-worth-more-than-coca-cola-disney-intel/

8. (China/Tech) – Unplugged and unproductive: Chinese business has been slow to embrace the internet. As it does, productivity should soar

http://www.economist.com/news/business/21608639-chinese-business-has-been-slow-embrace-internet-it-does-productivity-should

9. (China/Tech) – Tencent Holdings Gets Approval for Shenzhen Private Bank; Wenzhou and Tianjin Will Also Get Private Lenders

http://online.wsj.com/articles/tencent-holdings-gets-approval-for-shenzhen-private-bank-1406271241

http://online.wsj.com/articles/heard-on-the-street-baidu-finds-chinas-mobile-money-1406268963?tesla=y&mg=reno64-wsj&url=http://online.wsj.com/article/SB10001424052702304297104580050470798826784.html

Healthcare

1. (China/Healthcare) – China considers traditional Chinese medicine legislation

http://news.xinhuanet.com/english/china/2014-07/24/c_133508656.htm

Investing Process

1. Fujian Nuoqi (1353) chairman and chief executive Ding Hui and his wife Chen Ruiying have absconded with funds, leaving the menswear maker owing huge debts, Sina Finance reported

http://www.thestandard.com.hk/news_detail.asp?we_cat=2&art_id=147734&sid=42682884&con_type=1&d_str=20140725&fc=8

Evening Bamboo Insight: 25 Jul 2014

Evening Bamboo Insight: 25 Jul 2014

Macro

1. Will A Handwritten Note From Warren Buffett Cause A Hedge Fund Exodus?

http://www.valuewalk.com/2014/07/warren-buffett-calpers

2. The dark, disturbing world of the visa-for-sale program

http://fortune.com/2014/07/24/immigration-eb-5-visa-for-sale/

3. Italy’s Richest Woman With A $10.4B Fortune Controls Menarini Group, Italy’s leading pharma company, But The Tax Man Is After Her

http://www.forbes.com/sites/afontevecchia/2014/07/24/italys-richest-woman-with-a-10-4b-fortune-controls-menarini-group-but-the-tax-man-is-after-her/print/

4. Why does Wall Street use a different kind of macroeconomic modeling than academia’s DSGE?

http://www.bloombergview.com/articles/2014-07-23/wall-street-skips-economics-class

5. Wall Street’s revenge of the nerds means fooling all the people all the time

http://www.theguardian.com/money/us-money-blog/2014/jul/24/wall-street-fooling-people

6. The Moral Chasm Between Israel and Hamas; The 3-mile-long tunnel from Gaza was designed for launching murder and kidnapping raids

http://online.wsj.com/articles/james-t-conway-the-moral-chasm-between-israel-and-hamas-1406243128?mod=Opinion_newsreel_11

7. Siemens: Fixing the German dynamo; Joe Kaeser is transforming Siemens’s structure; changing its culture will be harder

http://www.economist.com.libproxy.smu.edu.sg/news/business/21608637-joe-kaeser-transforming-siemenss-structure-changing-its-culture-will-be-harder-fixing

Asia Pacific

1. (China/Energy) – Inside Xi Jinping’s purge of China’s oil mandarins

http://www.reuters.com/article/2014/07/24/us-china-purge-cnpc-specialreport-idUSKBN0FT2NK20140724

2. (Thai) – Former Thai premier Yingluck meets, hugs brother Thaksin at Paris

http://news.asiaone.com/print/news/asia/former-thai-premier-yingluck-meets-hugs-brother-thaksin-paris

3. (Taiwan) – Taiwan wants to become an international financial center, but its regulators keep undermining that ambition. The latest example is a threatened prosecution of short-seller Glaucus who reported about suspicious accounting at Asia Plastic

http://online.wsj.com/articles/short-changing-taiwans-market-1406219784?mod=WSJ_LatestHeadlines

4. (Macro/China) – Ethiopia Becomes China’s China as Shoe Workers Chant in Mandarin

http://www.thejakartaglobe.com/business/ethiopia-becomes-chinas-china-shoe-workers-chant-mandarin/

5. Super Rich Indians now invest in Equity and Donate more; India’s rich lie in three segments – Inheritors, Entrepreneurs and Professionals

http://forbesindia.com/printcontent/38293

6. Japan’s eel farmers face state regulation to manage new extinction risk

http://www.japantimes.co.jp/news/2014/07/24/business/eel-farmers-face-state-regulation-manage-new-extinction-risk/#.U9HB-_mSxqU

7. Lotte World Adventure theme park has organized the special event, the nighttime multimedia parade and show “Let’s Dream”, in commemoration of its 25th anniversary, which fell on July 12

http://www.koreatimes.co.kr/www/news/culture/2014/07/320_161455.html

8. (Korea) – Experts agree on Choi’s grim outlook; Finance Minister Choi Kyung-hwan voiced concern that the Korean economy may follow in the path of Japan at the start of its so-called stagnant “lost two decades.”

http://www.koreatimes.co.kr/www/news/biz/2014/07/488_161669.html

9. (Korea) – Korea’s pension fund NPS stake in top 500 firms valued at $66bn; Stakes in Samsung and Hyundai Motor groups took up 47% of the total investment, and close to 70% when adding stakes in SK, LG and Lotte groups

http://news.mk.co.kr/english/newsRead.php?sc=30800016&cm=Finance&year=2014&no=1021873&selFlag=sc&relatedcode=&wonNo=&sID=308

10. (Korea) – Too much money held by South Korean large companies has led to an absurd situation in which their request to put the money into banks is often turned down for fear of negative margin

http://news.mk.co.kr/english/newsRead.php?sc=30800016&cm=Finance&year=2014&no=1026292&selFlag=sc&relatedcode=&wonNo=&sID=308

11. (Korea) – Over 70% LTV ratio Korean mortgages total $36 bn, two-thirds come from non-banks

http://news.mk.co.kr/english/newsRead.php?sc=30800016&cm=Finance&year=2014&no=1029073&selFlag=sc&relatedcode=&wonNo=&sID=308

12. (Korea) – South Korea Plans $40 Billion Stimulus to Tackle Weakening Growth

http://koreajoongangdaily.joins.com/news/article/article.aspx?aid=2992534

http://online.wsj.com/articles/south-korea-plans-spending-to-tackle-weakening-growth-1406163844

http://www.reuters.com/article/2014/07/24/us-southkorea-economy-idUSKBN0FT0VH20140724

http://www.bloomberg.com/news/print/2014-07-23/south-korea-growth-slows-more-than-forecast-as-consumption-drops.html

13. (China/HK/Consumer) – McDonald’s takes chicken nuggets off menu in Hong Kong amid food scare

http://www.reuters.com/article/2014/07/25/us-china-food-hongkong-idUSKBN0FU00J20140725

14. (China/India) – India’s Chinese Dream

http://www.project-syndicate.org/print/lee-jong-wha-outlines-how-india-can-replicate-china-s-economic-success

15. (China) – China meat supplier faced claims last year over unethical work practices

http://www.reuters.com/article/2014/07/25/us-china-food-dispute-idUSKBN0FU05Y20140725

16. (Isia/Spore) – Indonesians living in Singapore can soon remit money using cellphones

http://www.straitstimes.com/news/singapore/more-singapore-stories/story/indonesians-living-singapore-can-soon-remit-money-using-

17. (China) – Buyers and Brands Beware in China; The political realities behind the latest tainted food scandal

http://online.wsj.com/articles/buyers-and-brands-beware-in-china-1406220037

18. (China) – Beijing Has Top-Secret View of China’s Employment; the official unemployment rate-4.08% at last measure-is widely seen as useless as it barely budges in good times and bad

http://online.wsj.com/articles/heard-on-the-street-beijing-has-top-secret-view-of-chinas-employment-1406187890

Life

1. The importance of patience and the danger of information overload

http://ftalphaville.ft.com/2014/07/24/1905822/the-importance-of-patience-and-the-danger-of-information-overload/

2. The Highest-Paid Woman in Corporate America Is A CFO

http://www.forbes.com/sites/ruchikatulshyan/2014/07/24/the-highest-paid-woman-in-corporate-america-is-a-cfo/print/

3. How Internal Entrepreneurs Can Deal with Friendly Fire; You, your boss, and your organization can each be in one of four modes: Make It Happen (Make), Help It Happen (Help), Let It Happen (Let) or Keep It from Happening (Keep)

http://blogs.hbr.org/2014/07/how-internal-entrepreneurs-can-deal-with-friendly-fire/

4. Don’t Let Your Head Attack Your Heart

http://blogs.hbr.org/2014/07/dont-let-your-head-attack-your-heart/

5. Choose your parents wisely: There is a large class divide in how Americans raise their children. Rich parents can afford to ease up a bit; poor parents need help

http://www.economist.com/news/united-states/21608779-there-large-class-divide-how-americans-raise-their-children-rich-parents-can

6. Helicopter parents: Relax, your kids will be fine; Middle-class parents should give their children more freedom

http://www.economist.com.libproxy.smu.edu.sg/news/leaders/21608753-middle-class-parents-should-give-their-children-more-freedom-relax-your-kids-will-be-fine

7. 7 Everyday Phrases With Sinister Origins

http://www.businessinsider.sg/gruesome-origins-of-innocent-phrases-2014-7/#.U9Hul_mSxqU

8. 17 Things Successful People Never Say

http://www.businessinsider.sg/what-successful-people-never-say-2014-7/#.U9HuifmSxqU

9. The 12 Best Books The Marine Corps Wants Its Leaders To Read

http://www.businessinsider.sg/commandants-reading-list-2014-7/#.U9HvNvmSxqU

10. 12 Simple Ways To Be More Interesting

http://www.businessinsider.sg/how-to-be-interesting-2014-7/#.U9HvR_mSxqU

TMT

1. New Google Project Seeks to Define Healthy Human; Google has embarked on what may be its most ambitious and difficult science project ever: a quest inside the human body.

http://online.wsj.com/articles/google-to-collect-data-to-define-healthy-human-1406246214

2. How MasterCard became a tech company; Four years after taking the helm, CEO Ajay Banga has turned the payments processor into an innovator. The stock’s response? Priceless

http://fortune.com/2014/07/24/mastercard-tech-company/

3. (Tech/Healthcare) – Can Big Data cure cancer?

http://fortune.com/2014/07/24/can-big-data-cure-cancer/

4. Lessons from Jeff Weiner, LinkedIn’s Networker-in-Chief

http://fortune.com/2014/07/24/linkedins-networker-in-chief/

5. Apple could become “obsolete” in two years because the technology sector is so competitive, according to one hedge fund boss.

http://www.telegraph.co.uk/technology/apple/10989278/Apple-could-be-obsolete-in-two-years.html

6. Facebook is no longer a social network. It’s the world’s most powerful news reader

http://pando.com/2014/07/24/facebook-is-no-longer-a-social-network-its-the-worlds-most-powerful-news-reader/

7. Meal-Delivery Startups Look for Winning Recipe; Plated, Blue Apron Use Data to Focus on the Details; Measuring Demand for Crunchy Tofu

http://online.wsj.com/articles/meal-delivery-startups-look-for-winning-recipe-1406162891?mod=WSJ_hpp_sections_smallbusiness

8. (China/Tech) – Qualcomm’s China Hang-Ups

http://online.wsj.com/articles/heard-on-the-street-qualcomms-china-hang-ups-1406228307

9. Hot Employer Stocks Could End Up Burning Some Young Tech Tycoons; The Lesson of One-Time Highfliers Such as Pets.com Is to Diversify Your Holdings

http://online.wsj.com/articles/hot-employer-stocks-could-end-up-burning-some-young-tech-tycoons-1406217825

10. These Smart Shoes Will Make Sure You Never Get Lost Again

http://www.businessinsider.sg/lechal-smart-shoes-2014-7/

Consumer

1. Ford’s Epic Gamble: The inside story

http://fortune.com/2014/07/24/f-150-fords-epic-gamble/

2. Is T.J. Maxx the best retail store in the land? The off-price chain has built a fantastically loyal following. How have they done it? We got inside the playbook of parent company TJX

http://fortune.com/2014/07/24/t-j-maxx-the-best-retail-store/

3. Loblaw’s fresh approach giving it a big edge in heated grocery battle

http://business.financialpost.com/2014/07/24/loblaws-fresh-approach-giving-it-a-big-edge-in-heated-grocery-battle/

4. How adult diapers became paper-giant Domtar’s future (because they’re also yours)

http://business.financialpost.com/2014/07/24/how-adult-diapers-became-paper-giant-domtars-future-because-theyre-also-yours/

5. A Game of Golf? Not for Many Millennials; A drop in participation rates and disinterest among young people, particularly millennials, have sent both the retail and sporting ends of the business scrambling for a new strategy

http://online.wsj.com/articles/a-game-of-golf-not-for-many-millennials-1406159228

6. Burger King’s 33-Year-Old CEO Is Completely Reshaping The Company

http://www.businessinsider.sg/burger-kings-young-ceo-2014-7/#.U9Ht4_mSxqU

Healthcare

1. (Tech/Healthcare) – Can Big Data cure cancer?

http://fortune.com/2014/07/24/can-big-data-cure-cancer/

2. Beggar-Thy-Neighbor Medicine; A $1,000 pill ignites an ObamaCare war of all against all.

http://online.wsj.com/articles/beggar-thy-neighbor-medicine-1406245356

3. When Hospitals Buy Clinics, Prices Go Up

http://www.businessweek.com/printer/articles/215224-when-hospitals-buy-clinics-prices-go-up

4. Patients’ reviews: DocAdvisor; Patients around the world are starting to give doctors a piece of their mind. The result should be better care

http://www.economist.com/news/international/21608767-patients-around-world-are-starting-give-doctors-piece-their-mind-result

5. Mental illness: Some needles in the haystack; A consortium of researchers has shone a powerful light on schizophrenia

http://www.economist.com/news/science-and-technology/21608314-consortium-researchers-has-shone-powerful-light-schizophrenia-some

6. Clinical trials: The nation is losing its grip on a valuable industry

http://www.economist.com/news/britain/21608775-nation-losing-its-grip-valuable-industry-testing-testing

Investing Process

1. Do value stocks protect in market corrections?

http://www.pzena.com/uploads/documents/Commentary%202Q14.pdf

2. Research – Large shareholders and disclosure strategies: Evidence from IPO lockup expirations

Commodities

1. Bolivia’s Battery Ambitions; The country’s vast salt flats contain half of the global reserves of lithium

http://www.businessweek.com/articles/2014-07-24/bolivias-salt-flats-fuel-lithium-battery-ambitions

Research

1. Securities Lending, Empty Voting and Corporate Governance

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2443217

 

 

Increase Revenue or Reduce Expenses: Which Is More Effective

Increase Revenue or Reduce Expenses: Which Is More Effective

Running a successful business is a challenge not to be taken lightly. There is a considerable amount of issues to factor in, including short-term viability and long-term success. In general, you should carefully examine every important business decision to make sure it serves a short-term requirement, while at the same time keeping alignment with long-term company goals and values.

Businesses are being put under an enormous amount of pressure to increase profits regardless of the accompanying economic climate. To be able to deliver on this requirement companies need to tackle the challenge in two fronts:

  1. Increase Revenue

All companies sell some sort of good or service. To increase the amount of money coming in there are various alternatives that complement each other. The first one is to generate more money from existing customers. This can be accomplished either by upselling or cross selling. Another alternative is to increase the price of the current product. This approach poses a problem if demand is too elastic and an increase in price generates a drop in demand. A third option is to enter new markets with the current product line. This is possibly the most promising alternative and as such it should be the one that receives more attention and resources. To achieve the exponential growth businesses seek, entering new markets is a very efficient way of reaching a larger customer base. A side effect is the creation of economies of scale that in turn reduce spending to increase profits even more. You can learn more about entering new markets in this informative <a href=” http://www.inc.com/karl-and-bill/5-step-primer-to-entering-new-markets.html”>article</a&gt;.

  1. Reduce Expenses

Even though rising revenues is by far the best approach to increase profits, since the limit up to which they can be increased depends on how big the market is, the other side of the profit equation is very important to manage as well. All things being equal, a decrease in expenses will translate into an immediate profit increase. The strategies by which expenses can be reduced vary greatly depending on the type of business and its cost structure. For labor-intensive companies, ensuring optimum staff levels might be the way to go, while for manufacturing companies an improved production process or vendor negotiation could have a bigger impact. One area where the majority of businesses can get an instant expense cut is by running their operations from an executive office suite. Since common area expenses are shared amongst various tenants, and space is optimized for the current workforce (no idle work stations for growth – they are procured and paid for as needed), the expense reduction starts from the day you move in to one of these spaces. Companies like <a href=”http://www.officelist.com/”>Officelist</a> specialize in finding the perfect space to match business needs and reduce current expenses in the process. Another benefit is that these setups come already furnished, eliminating the cost of outfitting the space.

So there you have it. Increasing revenues and reducing expenses. In order to promote growth and alleviate the pressure to increase profits, every manager or C-Level executive should be focused on these two areas of their business.

 

Credit to Jessica for the article. She can be contacted at info@officelist.com

Morning Bamboo Insight: 25 Jul 2014

Morning Bamboo Insight: 25 Jul 2014

Macro

1. Rethinking Buybacks: To earn a “return” on stock buybacks, you need a more sophisticated message and better execution

http://ww2.cfo.com/capital-markets/2014/07/rethinking-buybacks

2. Uncovering Cash and Insights from Working Capital; Companies that improve the performance of their working capital can generate cash and see benefits far beyond the finance department.

http://ww2.cfo.com/cash-flow/2014/07/uncovering-cash-insights-working-capital

Asia Pacific

1. (Korea) – Lotte’s power transition set in motion; More than 10 affiliates of Lotte Group exchanged part of their shares with each other in a move to streamline their cross-share holding structure ahead of the implementation of a law banning it

http://www.koreatimes.co.kr/www/news/biz/2014/07/123_161586.html

2. (Korea) – The listed units of Korea’s top 10 conglomerates paid less than 1% of their profits as dividends last year

http://www.koreatimes.co.kr/www/news/biz/2014/07/488_161583.html

3. (India) – Biba Apparels: Redefining Ethnic Wear For Indian Women

http://forbesindia.com/printcontent/38262

4. (HK) – Why HK’s ‘donationgate’ is a big deal; The “Donationgate” dogging pan- democrats and their financial backer, Jimmy Lai Chee-ying, bears all the hallmarks of a Rashomon script.

http://www.thestandard.com.hk/news_detail.asp?we_cat=17&art_id=147678&sid=42675105&con_type=1&d_str=20140724&fc=7

http://www.thestandard.com.hk/news_detail.asp?we_cat=17&art_id=147618&sid=42667715&con_type=1&d_str=20140723&fc=7

5. (China) – Daqing oil workers push kids to follow in their footsteps

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140722000026&cid=1501

6. (India) – Milltec Machinery: Spreading Wings With Rice Mill Machines

http://forbesindia.com/printcontent/38266

7. (India) – SH Kelkar & Co: Infusing Fragrance In Lives

http://forbesindia.com/printcontent/38260

8. (India) – Magicrete: Building An Alternative Reality; Sourabh Bansal’s concrete units have the potential to disrupt the traditional construction material market

http://forbesindia.com/printcontent/38252

9. (Myanmar) – Burmese Tycoon Tay Za Under Scrutiny

http://www.forbes.com/sites/forbesasia/2014/07/23/burmese-tycoon-tay-za-under-scrutiny/print/

10. (Spore/HK) – ARA Asset Management’s John Lim See Real Returns With Li Ka-shing

http://www.forbes.com/sites/forbesasia/2014/07/23/john-lim-see-real-returns-with-li-ka-shing/print/

11. PTC Industries: Casting magic with metal; The Agarwals invested in unique technology for their foundry to attract A-list international clients

http://forbesindia.com/printcontent/38258

12. (Spore) – Singapore’s 50 Richest Score Big Gains Amid Buying Binge

http://www.forbes.com/sites/naazneenkarmali/2014/07/23/singapores-50-richest-score-big-gains-amid-buying-binge/print/

13. (Spore) – Singapore’s Goodpack Founder David Lam Awaits Payday from Private Equity Deal

http://www.forbes.com/sites/forbesasia/2014/07/23/david-lam-awaits-payday-from-private-equity-deal/print/

14. (Asia) – Asia’s Best Under A Billion; Discovering Asia-Pac’s ‘Sustainably’ Profitable SMEs

http://www.forbes.com/sites/christinasettimi/2014/07/23/asias-best-under-a-billion/print/

http://www.forbes.com/sites/timferguson/2014/07/23/discovering-asia-pacs-sustainably-profitable-smes/print/

15. (India) – India’s Time For Growth

http://www.forbes.com/sites/richkarlgaard/2014/07/23/indias-time-for-growth/print/

16. (Spore) – Billionaire’s Playground: Singapore Is The Most Expensive City Globally

http://www.forbes.com/sites/ruchikatulshyan/2014/03/04/billionaires-playground-singapore/print/

17. (China) – Food Safety in China Still Faces Big Hurdles

http://www.nytimes.com/2014/07/24/business/international/food-safety-in-china-still-faces-big-hurdles.html?ref=business&_r=0

18. (Korea/Consumer) – Paris Baguette, Korea’s largest bakery chain owned by SPC Group, opened its first store in the heart of the French capital, a move it had long desired during its 26 years of operation

http://koreajoongangdaily.joins.com/news/article/article.aspx?aid=2992455&cloc=joongangdaily|home|newslist2

19. (Korea) – It’s dividend time, Korea; The local business sector and stock market is abuzz over the new finance minister’s hint of a punitive tax on large companies sitting on piles of cash reserves

http://koreajoongangdaily.joins.com/news/article/article.aspx?aid=2992443

20. (China) – Chinese Appliance Giant Haier Decides Its Future Is to Think Small; Haier Group creates large number of micro companies to jump into a range of businesses, from films and finance to manufacturing and delivery

http://english.caixin.com/2014-07-23/100708077.html

21. (China) – Wenzhou’s real estate bringing down an economic heavyweight

http://www.wantchinatimes.com/news-subclass-cnt.aspx?cid=1202&MainCatID=12&id=20140724000054

22. (China) – Chasing China’s high-profile criminals across the world

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140724000070&cid=1103

23. (China) – Expired meat scandal in China seems a systemic problem

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140723000115&cid=1103

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140724000088&cid=1201

24. (China) – Golden toad offends former Chinese president; One of Beijing’s prime summer tourist attractions has become a grotesque embarrassment after someone noticed its resemblance to Jiang Zemin

http://www.telegraph.co.uk/news/worldnews/asia/china/10985560/Golden-toad-offends-former-Chinese-president.html

Life

1. Here’s The Number One Mistake That Kills Startups, According To Ben Horowitz

http://www.businessinsider.sg/ben-horowitz-budget-process-kills-startups-2014-7/#.U9DXAvmSxqU

http://www.bhorowitz.com/how_to_ruin_your_company_with_one_bad_process

2. 21 Quotes From Bill Gates That Take You Inside The Mind Of The World’s Richest Man

http://www.businessinsider.sg/quotes-from-bill-gates-worlds-richest-man-2014-7/#.U9DXA_mSxqU

3. This Mindset Can Prevent You From Succeeding At Work

http://www.businessinsider.sg/this-mindset-could-ruin-your-success-2014-7/#.U9DWyvmSxqU

https://www.linkedin.com/today/post/article/20140721225305-11458886-the-three-words-that-can-ruin-your-career

4. As full-time pastors become a thing of the past, more and more seminary grads are taking on secular jobs to supplement their incomes

http://www.theatlantic.com/business/print/2014/07/higher-calling-lower-wages-the-collapse-of-the-middle-class-clergy/374786/

5. How ‘Moral Licensing’ Ruins Your Diet, Savings, And Long-Term Goals

http://www.businessinsider.sg/moral-licensing-ruins-diets-savings-goals-2014-7/#.U9DW9fmSxqU

6. Meet The 22-Year-Old Student People Are Calling ‘The Italian Mark Zuckerberg’

http://www.businessinsider.sg/italian-mark-zuckerberg-matteo-achilli-2014-7/#.U9DWTPmSxqU

http://www.bbc.com/news/business-28211811?print=true

7. The Promise of 100% and Finding Fortune at the Bottom of the Pyramid

http://forbesindia.com/blog/business-strategy/the-promise-of-100-and-finding-fortune-at-the-bottom-of-the-pyramid/

8. With the Blessing of Bill Gates, “Business Adventures” Becomes an Unlikely Summertime Best Seller

http://bits.blogs.nytimes.com/2014/07/23/the-blessing-of-bill-gates-and-an-unlikely-summertime-best-seller/?ref=business

9. A Motivational Speech From The Greatest Entrepreneur, Muhammad Ali

http://pando.com/2014/07/23/startups-anonymous-a-motivational-speech-from-the-greatest-entrepreneur-muhammad-ali/

10. Tech Leaders Tell Interns What They Wish They Knew At Age 20

http://techcrunch.com/2014/07/23/tech-leaders-tell-interns-what-they-wish-they-knew-at-age-20/

11. The Modernization Of Computer Science Education: enabling students to focus on a particular project to build a skill set applicable to the real-world today

http://techcrunch.com/2014/07/23/modernizing-computer-science-education/

12. People Hate Bankers Because People Are Ignorant

http://www.bloombergview.com/articles/2014-07-16/people-hate-bankers-because-people-are-ignorant

13. The 9-to-5 workday is practically an invitation to ethical lapses. Here’s why. We are more likely to lie and cheat when we are tired

http://www.washingtonpost.com/blogs/wonkblog/wp/2014/07/22/science-were-more-likely-to-lie-and-cheat-when-were-tired/

14. An Idiot’s Guide to Inequality; If you don’t have time for Thomas Piketty’s comprehensive best seller, here’s a quick five-point take on the gap between the rich and poor

http://www.nytimes.com/2014/07/24/opinion/nicholas-kristof-idiots-guide-to-inequality-piketty-capital.html

15. Robert Sutton’s Guide to Excellence; The Stanford professor’s latest research explores the practices that enable companies to scale what they do best

http://www.strategy-business.com/article/00276?gko=b7548&cid=TL20140724&utm_campaign=TL20140724&tid=27782251&pg=all

TMT

1. (Australia/Tech) – Australia’s Seek Takes Online Job Search Abroad (Seek Zhaopin)

http://www.forbes.com/sites/forbesasia/2014/07/23/australias-seek-takes-online-job-search-abroad-see-zhaopin/print/

2. (India/Tech) – KPIT: An Indian Tech Company With An Auto Focus

http://www.forbes.com/sites/anuraghunathan/2014/07/23/a-tech-company-with-an-auto-focus/print/

3. Open Source and the Challenge of Making Money

http://bits.blogs.nytimes.com/2014/07/23/open-source-and-the-challenge-of-making-money/?ref=business

4. (China/Tech) – China set to retain position as top e-commerce market

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140724000111&cid=1202

5. China/Tech) – Xiaomi faces hurdles on path to international expansion

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140723000048&cid=1502

Healthcare

1. Acetaminophen No Better Than Placebo for Back Pain; About two-thirds of adults have lower back pain at some point in their lives, and most are told to take acetaminophen

http://well.blogs.nytimes.com/2014/07/23/acetaminophen-no-better-than-placebo-for-back-pain/?_php=true&_type=blogs&ref=health&_r=0

Energy

1. Let Our Oil and Gas Go: America Should Rescind the Ban on Crude-Oil Exports

http://www.nytimes.com/2014/07/24/opinion/america-should-rescind-the-ban-on-crude-oil-exports.html?ref=opinion

2. Four reasons why US fracking could turn out to be a bubble

http://qz.com/238686/is-there-a-fracking-bubble/

 

Evening Bamboo Insight: 24 Jul 2014

Evening Bamboo Insight: 24 Jul 2014

Macro

1. How Dashboards Can Help CFOs Manage Risk; Dashboards, listening posts and other risk-sensing tools can help finance chiefs grasp how stakeholders perceive the strategic risks their companies assume

http://ww2.cfo.com/risk-management/2014/07/dashboards-can-help-cfos-manage-risk

2. Why the Wolf of Wall Street’s ‘Sucker List’ Won’t Be Released to ‘Inside Edition'; Financial criminals go to great lengths to hunt down and size up their prey, but to the con man, nothing can top the “sucker list” of people

http://dealbook.nytimes.com/2014/07/23/once-bitten-twice-shy-except-when-it-comes-to-fraud/

3. Calpers Pulls Back From Hedge Funds; California Pension Fund to Cut Investments by 40%

http://online.wsj.com/articles/calpers-pulls-back-from-hedge-funds-1406156915

4. The Lingering, Hidden Costs of the Bank Bailout; Why is growth so anemic? New economic activity has been discouraged. Here are some ways to change that

http://online.wsj.com/articles/vernon-l-smith-the-lingering-hidden-costs-of-the-bank-bailout-1406160075

5. The U.S. airline industry’s newfound health is breeding something not seen in years: a flock of startups. All share an optimism that they can defy the odds in an industry that has seen 77 bankruptcies in the 20 years

http://online.wsj.com/articles/new-startup-airlines-crowd-the-skies-1406143697

6. North Korea’s business guides; Pyongyang is enlisting tutors in the techniques of modern management

http://www.ft.com/intl/cms/s/0/9a6c1ee2-1192-11e4-a17a-00144feabdc0.html#axzz38MavqFEj

7. The spin-offs that followed Air Canada’s bankruptcy; Strategy created value but stripped airline of an economic engine

http://www.ft.com/intl/cms/s/0/7f494142-dc60-11e3-9016-00144feabdc0.html#axzz38MavqFEj

8. Bricks come loose from StanChart tower amid whispering campaign; Investors and insiders point to bank struggling to adapt

http://www.ft.com/intl/cms/s/0/2cf8b910-1278-11e4-a581-00144feabdc0.html#slide0

9. Pepsi to Nescafe Boycotted by Mumbai Muslims for Being ‘Israeli'; “For us, Coke and Pepsi is human blood. They are financing the war against Palestine.”

http://www.thejakartaglobe.com/international/pepsi-nescafe-boycotted-mumbai-muslims-israeli/

Asia Pacific

1. (China) – Young workers dying in their sleep in ‘world’s factory’ in Dongguan, China

http://news.asiaone.com/print/news/asia/young-workers-dying-their-sleep-worlds-factory

2. (China) – ‘Family corruption a new trend in Guangzhou’

http://news.asiaone.com/print/news/asia/family-corruption-new-trend-guangzhou

3. (China) – As credit dries up, troubled Chinese steel makers lose lifeline

http://www.reuters.com/article/2014/07/23/us-china-steel-idUSKBN0FR2FK20140723

4. (China) – McDonald’s CEO: ‘deceived’ by audit of China meat plant

http://www.reuters.com/article/2014/07/22/us-china-food-mcdonalds-idUSKBN0FR20I20140722

5. (China) – Homeowners abandon properties as prices plunge in Wenzhou

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140723000015&cid=1202

6. Long-derided Docklands acknowledged as economic powerhouse; For more than a decade Melbourne has derided Docklands as a failed planning experiment

http://www.theage.com.au/victoria/longderided-docklands-acknowledged-as-economic-powerhouse-20140722-zvsye.html

7. (Australia) – Aussie supermarket giant Woolworths has been forced to stop using the word ”banking” in the marketing of its financial services after it fell foul of regulators

http://www.theage.com.au/business/banking-and-finance/woolworths-reminded-it-isnt-a-bank-20140723-zw4jw.html

8. (China) – China Seals Off Yumen City After Outbreak Of Bubonic Plague

http://www.zerohedge.com/news/2014-07-23/china-seals-yumen-city-after-outbreak-bubonic-plague

9. (Myanmar) – Has the ‘Frontier’ Economy’s Time Finally Arrived?

http://knowledge.wharton.upenn.edu/article/rushing-myanmar-will-foreign-investments-pay/

10. (Vietnam) – Starbucks seeks to expand in cafe-clogged Vietnam

http://www.reuters.com/article/2014/07/23/us-vietnam-starbucks-idUSKBN0FS13B20140723

11. (China) – Beijing’s Real Anticorruption Goal; Xi Jinping can’t eradicate graft, but he can try to avoid an uproar over SOE reform

http://online.wsj.com/articles/joseph-sternberg-beijings-real-anticorruption-goal-1406134106

12. (India) – India to Use ETFs to Sell State Shares Again

http://online.wsj.com/articles/india-to-use-etf-to-sell-state-shares-again-1406099705?tesla=y&mod=WSJASIA_hpp_sections_india&mg=reno64-wsj&url=http://online.wsj.com/article/SB10001424052702304297104580046633749801628.html?mod=WSJASIA_hpp_sections_india

13. (India/Macro) – Revealed: The India-Israel Axis; A burgeoning strategic partnership with Israel matters more to India than reflexive solidarity with the Palestinian cause

http://online.wsj.com/articles/revealed-the-india-israel-axis-1406133666?mod=asia_opinion

14. (India) – Western anti-capitalists take too much for granted: India’s ‘untouchables’ are being emancipated by economic growth

http://www.ft.com/intl/cms/s/0/7db7d974-1252-11e4-93a5-00144feabdc0.html#axzz38MZmptYb

15. (China) – Why China’s hunt for tigers and flies is bound to fail

http://www.ft.com/intl/cms/s/0/c8cbf1dc-11c8-11e4-8279-00144feabdc0.html

16. (Isia) – Teatime with an Indonesian sultan: After decades of slumber, local sultanates and kingdoms are being kissed back to life by political decentralization

http://www.ft.com/intl/cms/s/2/8690e162-0861-11e4-9afc-00144feab7de.html#axzz38MavqFEj

17. China’s second-half rally becomes an annual event

http://www.ft.com/cms/s/0/2615bc7a-123b-11e4-93a5-00144feabdc0.html#axzz38MdIMcJN

18. (HK) – Swatch warns over uncertain Hong Kong outlook

http://www.ft.com/intl/cms/s/0/36769a40-118b-11e4-b356-00144feabdc0.html#axzz38Mpz1X00

19. (Isia) – Prabowo Calls on World Leaders to ‘Withhold Congratulatory Statements’ to Jokowi

http://www.thejakartaglobe.com/news/prabowo-calls-world-leaders-withhold-congratulatory-statements-jokowi/

20. (Isia) – Jokowi Promises to Make Life Easier for Investors; Jokowi’s humble “I’m just like the rest of you” style has made him the country’s most popular politician and it is an image he is careful not to lose

http://www.thejakartaglobe.com/news/jokowi-promises-make-life-easier-investors/

Life

1. Tips on Crafting a Popular Newsletter, from Top Newsletter Authors

http://www.fastcompany.com/3033338/most-creative-people/tips-on-crafting-a-popular-newsletter-from-top-newsletter-authors

2. No One Should Have to Choose Between Caregiving and Work

http://blogs.hbr.org/2014/07/no-one-should-have-to-choose-between-caregiving-and-work/

3. How Google’s Larry Page became a responsible entrepreneur; Four early influences helped shape the Google CEO’s world view and turn him into a change agent

http://www.theguardian.com/sustainable-business/2014/jul/23/entrepreneur-larry-page-google-innovation-change

4. Dogs do experience jealousy, according to a new study. And their motivations might teach us about our own

http://www.washingtonpost.com/news/to-your-health/wp/2014/07/23/to-understand-how-jealousy-works-take-a-look-at-your-dog/

5. PBS Interview with Peter Lynch; Lynch ran Fidelity’s Magellan Fund for thirteen years (1977-1990). In that period, Magellan was up over 2700%. He retired in 1990 at the age of 46

http://www.pbs.org/wgbh/pages/frontline/shows/betting/pros/lynch.html

6. MagicJack Founder Dies Of Sudden Heart Attack

http://www.valuewalk.com/2014/07/magicjack-dan-borislow

7. Zoo makes wild fashion statement with lion-ripped jeans

http://www.japantimes.co.jp/news/2014/07/23/national/zoo-makes-wild-fashion-statement-lion-ripped-jeans/#.U9C9qvmSxqU

http://www.youtube.com/watch?v=oBkqfiN6zJM

8. Behind every great entrepreneur is an even greater PA

http://www.telegraph.co.uk/finance/comment/michael-hayman/10986508/Behind-every-great-entrepreneur-is-an-even-greater-PA.html

9. The Most Powerful F Word In Leadership

http://www.forbes.com/sites/maseenaziegler/2014/07/22/the-most-powerful-f-word-in-leadership/print/

TMT

1. It’s not TV that Rupert Murdoch wants: It’s HBO

http://qz.com/235746/its-not-tv-that-rupert-murdoch-wants-its-hbo/

2. It’s Time to Split Up Microsoft

http://stratechery.com/2014/making-sense-microsoft/

3. It’s Worth What!? Pressure-testing Companies with Sky-high Valuations

http://knowledge.wharton.upenn.edu/article/worth-pressure-testing-companies-eye-popping-valuations/

4. Will Consumers Be Sold on an eBay-Sotheby’s Collaboration?

http://knowledge.wharton.upenn.edu/article/will-consumers-sold-ebay-sothebys-collaboration/

5. (Tech/China) – Qualcomm struggles to collect royalties in China

http://www.reuters.com/article/2014/07/23/us-qualcomm-results-idUSKBN0FS27N20140723

6. (Asia/Tech) – Apple iPhone Rollout Boosts Asia’s Component Makers; Apple Suppliers in Japan, Taiwan and South Korea Raise Forecasts Ahead of Expected New iPhone Launch

http://online.wsj.com/articles/apple-iphone-rollout-boosts-asias-component-makers-1406123257

7. (Healthcare/Tech) – Surgical Robot Fails to Show Advantages in Treating Bladder Cancer; Study Compares Intuitive Surgical’s da Vinci Device to Traditional Surgery

http://online.wsj.com/articles/surgical-robot-fails-to-show-advantages-1406149383

8. (Media/Tech) – Murdoch’s bid for Time Warner threatens the golden age of television; The fact that once-dominant cable companies face new online and digital competition is good

http://www.ft.com/intl/cms/s/0/c09ec8ea-11c8-11e4-8279-00144feabdc0.html#axzz38MZmptYb

9. (Japan/Tech) – Sega vs Nintendo: a review of Console Wars by Blake J Harris; A 1990s battle that could offer lessons for today’s smartphone makers

http://www.ft.com/intl/cms/s/0/4833f4bc-1190-11e4-a17a-00144feabdc0.html#axzz38MavqFEj

10. Content marketing: turn website visits into sales through the medium of video

http://www.theguardian.com/small-business-network/2014/jul/24/content-marketing-video-website-sales

Books

1. Bill Gates and Warren Buffett’s favorite book: Business Adventures 12 Tales from the World of Wall St (Full Book)

http://cdn1.valuewalk.com/wp-content/uploads/2014/07/Business-Adventures_-Twelve-John-Brooks-1.pdf

Consumer

1. Volatile Brew: Price-Matching and Social Media; A Dollar General Discount Spurs Backlash at Wal-Mart and Target

http://online.wsj.com/articles/discount-stores-combat-social-media-backlash-1406135415?mod=WSJ_hpp_MIDDLENexttoWhatsNewsThird

Healthcare

1. (Healthcare/Tech) – Surgical Robot Fails to Show Advantages in Treating Bladder Cancer; Study Compares Intuitive Surgical’s da Vinci Device to Traditional Surgery

http://online.wsj.com/articles/surgical-robot-fails-to-show-advantages-1406149383

2. Hepatitis C Pill Rockets Gilead Into Big Leagues; Biotech’s Promising Treatment Continues Its Historic Drug Launch

http://online.wsj.com/articles/gilead-sciences-reports-strong-sovaldi-sales-1406146546

Investing Process

1. Importance of ROIC: Compounders and Cheap Stocks

http://basehitinvesting.com/importance-of-roic-part-1-compounders-and-cheap-stocks/

http://basehitinvesting.com/importance-of-roic-part-2-compounders-and-cheap-stocks/

http://basehitinvesting.com/importance-of-roic-part-3-compounding-and-reinvestment/

2. How Companies in Emerging Markets Are Winning at Home

https://www.bcgperspectives.com/content/articles/globalization_consumer_products_2014_bcg_local_dynamos_how_companies_emerging_markets_winning_home

https://www.bcgperspectives.com/Images/How_Companies_in_Emerging_Markets_are_Winning_at_Home_Jul_2014.pdf

3. Long-term returns boosted by illiquidity: The less liquid a stock, the better it will perform over time

http://www.ft.com/intl/cms/s/0/3c62469c-11af-11e4-b356-00144feabdc0.html

4. The Evolution of Value Investing: Past, Present and Beyond

http://www.fordhamgabellicenter.org/wp-content/uploads/2013/06/Calandro-Evolution-of-Value-Investing-MOAF.pdf

Energy

1. Oil traders hearing contango music again. Not loud yet

http://uk.reuters.com/article/2014/07/22/contango-oilstocks-idUKL6N0PR30U20140722

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