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Any Benjamin Franklins in Asia? Bamboo Innovator is featured in BeyondProxy.com, where value investing lives

Bamboo Innovator is featured in BeyondProxy.com, where value investing lives:

Any Benjamin Franklins in Asia? May 9, 2013 (Weblink: BeyondProxy.com)

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Charles Ellis on how much your money manager cost you and he worries about the challenges aging boomers face from low bond yields to uncertain stock returns, and dubious financial come-ons

How much does your money manager cost you?

By Penelope Wang @Money May 7, 2013: 6:01 PM ET

Charley Ellis, founder of Greenwich Associates, worries about the challenges aging boomers face from low bond yields to uncertain stock returns, and dubious financial come-ons.

Charley Ellis may not be a household name, but he commands the respect of many savvy investors.

He shook up Wall Street in 1975 with a landmark article in a financial trade journal that attacked the notion that professional money managers consistently beat the market. Nonprofessionals stand even less chance of outperforming the benchmarks, argued Ellis, so individuals need to rethink their approach to building wealth. That influential piece was the basis for Ellis’s classic investing book, Winning the Loser’s Game, the sixth edition of which is due in July. Founder of the financial consulting firm Greenwich Associates, Ellis has also served as a director of Vanguard. Today he still worries about investing costs, as well as the challenges that aging boomers face from low bond yields, uncertain stock returns, and dubious financial come-ons. Ellis, 75, spoke recently with MONEY editor-at-large Penelope Wang. Their conversation has been edited.

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Walter Robb: Whole Foods’ other CEO on organic growth

Walter Robb: Whole Foods’ other CEO on organic growth

By Geoff Colvin, senior editor-at-large @FortuneMagazine May 6, 2013: 9:31 AM ET

Company culture compels Whole Foods co-CEO Walter Robb to fly coach.

Selling groceries is a grinding, low-margin business — except forWhole Foods (WFMFortune 500). The world’s largest natural and organic grocer is a financial powerhouse with a market capitalization matching that of Kroger (KRFortune 500) which is eight times its size by revenue. Keeping the magic alive as Whole Foods (No. 232 on the Fortune 500) expands aggressively is partly the task of Walter Robb, 59, who shares the CEO job with founder John Mackey. Robb started a 1,000-square-foot natural and organic food market in 1977, not long after graduating from Stanford, then built a grocery business and sold it to Whole Foods in 1991. He talked recently with Geoff Colvin about making the chain more competitive on price, the power of its culture, flying Southwest Airlines in the middle seat, and much else. Edited excerpts: Read more of this post

Execs and investors from Pandora, IDEO, Andreessen Horowitz, SoundCloud, and Kleiner Perkins, among other masters of disruption, share the wisdom they’ve gathered on the way to the top

8 SUCCESSFUL ENTREPRENEURS GIVE THEIR YOUNGER SELVES LESSONS THEY WISH THEY’D KNOWN THEN

EXECS AND INVESTORS FROM PANDORA, IDEO, ANDREESSEN HOROWITZ, SOUNDCLOUD, AND KLEINER PERKINS, AMONG OTHER MASTERS OF DISRUPTION, SHARE THE WISDOM THEY’VE GATHERED ON THE WAY TO THE TOP.

BY: GRACE NASRI

Looking at the success trajectories of today’s disruptors–from Pandora cofounder Tim Westergren to Wikipedia’s Jimmy Wales–it’s easy to think that they had everything figured out from a young age. But many of today’s success stories learned lessons later in life that they wished they had known as they were beginning their careers. The eight investors and entrepreneurs below share the advice they wish they had gotten in their early twenties.

Tim Westergren: Avoid the risk of not trying and the regret of wishing you had.
Tim Westergren, the founder and Chief Strategy Officer at Pandora, said if he could offer his younger self one piece of advice, it would be to realize from an early age that it’s far more haunting to live with the regret of having not followed your instincts–even when those instincts required a diversion from the beaten path–than to have followed your gut and failed. Luckily for Westergren, he was one of the few who did follow his passions and that pursuit led him to found a company with a market cap of $2.5 billion.

“Be sure to ‘notice’ ideas when you have them. Stop. Take the time to consider them seriously. And if your gut tells you they’re compelling, be fearless in their pursuit,” Westergren said. “For most people, the idea of chasing a personal passion or being entrepreneurial is simply something they don’t think of themselves doing. We’re so programmed to walk well-trodden paths. But, we live life only once. So, rather than avoiding the risk of trying, avoid the risk of not trying. Nothing is more haunting than thinking, ‘I wish I had…’.” Read more of this post

New book teaches children ABCs of Buffett’s Berkshire Hathaway

New book teaches children ABCs of Buffett’s Berkshire Hathaway

12:45pm EDT

By Jonathan Stempel

Handout photo of Chairman and CEO of Berkshire Hathaway Warren Buffett in an illustration on the cover of the book "My First Berkshire ABC"

OMAHA, Nebraska (Reuters) – Warren Buffett’s Berkshire Hathaway Inc invests in dozens of businesses, and a new book tries to explain it all to young readers, from A to Z. Two Omaha residents, author Nancy Rips and illustrator Tom Kerr, have teamed up on “My First Berkshire ABC” to teach children about one of the world’s best-known companies, and a little about the local billionaire behind it. More than 1,000 copies were sold at Berkshire’s annual meeting on Saturday, which draws thousands of people to Omaha, and where Buffett has a say on what gets sold. “You need something to bring home to your kids and grandkids to explain Berkshire,” Rips, who has also written three books about Jewish holidays, said in a joint interview with Kerr. Most pages show companies that Berkshire owns or invests in. G, for example, is for “Geico,” and features the car insurer’s talking gecko. And W is for “Wells Fargo”, and features the bank’s familiar stagecoach. The book’s theme changed at Buffett’s suggestion. “Our first effort was things like, ‘S is for sharing. Mr. Buffett believes in sharing. K is for being kind,'” Rips said. “I got an email back from Warren saying, it’s too laudatory, they will lampoon him in the news,” she continued. “And I wrote a whole new proposal: A is for Acme (Brick), B is for Borsheim’s (jewelry), C is for Clayton Homes, D is for Dairy Queen. I got an email back: ‘You’re in the show.'” Kerr has worked at many newspapers and drew McGruff, the Crime Dog for the National Crime Prevention Council. “Part of what Warren talks about is investing in things that you know,” he said. “Virtually everything in here is something that somebody can relate to and touch and understand.” Berkshire Vice Chairman Charlie Munger is shown under “Q,” stamping boxes of “quality” merchandise. Rips and Kerr have not heard from Buffett on whether he likes the book. Buffett’s assistant Carrie Sova had no comment on that question. Kerr depicted Buffett just four times, including on the cover holding his usual Cherry Coke. “This book is not all about Warren Buffett,” Kerr said. “I picked my spots. He’s so synonymous with Dairy Queen that I wanted him there, and obviously on the cover with Coca-Cola.” “Cherry Coke,” Rips interjected. “Yep,” Kerr said. “She had me change that.”

McKinsey: Amazon’s Dominance Of Retail Comes From These 3 Factors

McKINSEY: Amazon’s Dominance Of Retail Comes From These 3 Factors

Kevin Smith | May 8, 2013, 11:52 AM | 23,829 | 2

Consulting group McKinsey & Co. thinks it has figured out Amazon‘s “secret sauce.” In 2011, 13% of all U.S. online retail sales went through Amazon,McKinsey believes. The secret? Lower prices than its rivals, a greater product assortment, and better customer relations. Amazon’s domination of the retail market is bolstered by a “maniacal” tech investment strategy, according to the report. This deck shows why McKinsey believes Amazon is poised to capture even more U.S. retail market share, at the expense of its main street rivals.

jpg (15)jpg (7) Read more of this post

Chinese internet company Sohu CEO Charles Zhang says his generation has no value system or principles 张朝阳:我们这代人实际是没价值观也没原则

张朝阳:我们这代人实际是没价值观也没原则

2013-5-9 8:10:00  云科技    阅读:1206

导读:张朝近日对话云科技程苓峰,谈到搜狐的发展,也谈到他个人如何战胜精神的苦难,学会与自己相处。以下是对话全文: Read more of this post

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