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Snapped By Regulatory Storms? Braving Through Berkshire’s Former Iron Mountain to Asia. Bamboo Innovator is featured in BeyondProxy.com, where value investing lives

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

  • Snapped By Regulatory Storms? Braving Through Berkshire’s Former Iron Mountain to Asia, July 31, 2013 (BeyondProxy)

RegulatoryStorm

 

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IBM Says SEC Investigating Its Cloud-Computing Revenue Figures

IBM Says SEC Investigating Its Cloud-Computing Revenue Figures

International Business Machines Corp. (IBM) said the Securities and Exchange Commission is investigating how it reports revenue from offsite cloud-computing services. IBM is cooperating with the SEC in the probe, which it learned about in May, it said today in a filing, without providing further details. Revenue from cloud services, such as storing clients’ data and software applications remotely, rose 70 percent in the first half of 2013 from a year earlier, it said in the filing, repeating a figure it has disclosed before. IBM Chief Executive Officer Ginni Rometty has identified cloud computing as one of the company’s chief sources of growth amid a slowdown in demand for services such as consulting. The Armonk, New York-based company is banking on such faster-growing markets, along with buybacks and acquisitions, to help reach profit of $20 a share by 2015, up from $15.25 last year. IBM fell as much as 1.3 percent in early trading today. It had closed yesterday little changed at $196.01.

To contact the reporter on this story: Crayton Harrison in New York at tharrison5@bloomberg.net

Mother of Song Dynasty patriot General Yue Fei (岳飞): “Loyalty is not to one single emperor but to an ideology.” 为什么不能把这个忠字扩大一点?忠于的不在再是一个皇帝,而是仁义之念,仁义之事,仁义之功,仁义之战。为仁义而忠,为仁义而弘道,甚至为仁义而杀身。

岳飞母亲:“你有没有想过,娘为什么会提这“尽——忠——报——国”四个字?

你不在的时候,娘琢磨着,‘忠’、‘国’这两个字,真是越想越觉得有意思,有学问。

一般来说,这个忠字是忠于君父,那娘在想,为什么不能把这个字扩大一点?

忠于的不在再是一个皇帝,而是仁义之念,仁义之事,仁义之功,仁义之战。为仁义而忠,为仁义而弘道,甚至为仁义而杀身。

这报国的国字,那不单单是指大宋而言,指的是四海之内皆兄弟之国,指的是人与人之间能和平相处之国。

朝廷以仁义为政,三军以仁义为师的泱泱大国。

你的忠,你的国,也许在眼前,也许在未来,

娘只盼着时机到了,你能把握你的忠,报效你的国。

把这股劲儿,这股气传给你的儿女,传给你的兄弟。”

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Your Company Is Only as Good as Your Writing

Your Company Is Only as Good as Your Writing

by Kyle Wiens  |   8:00 AM July 30, 2013

Good writing: Businesses claim to practice it, support it, and value it. But more often than not, their money isn’t where their mouth is. Poor grammar and jargon-riddled writing are rampant. We’re great at inventing terms — the instruction manual for my toaster refers to the lever that pops up the toast as the ‘Extra-Lift Carriage Control Lever’ — but poor at communicating what we actually mean. We could learn a thing or two about communication from our forefathers. One of the most effective speeches of all time, Lincoln’s Second Inaugural Address, was only 701 words. Of those, 505 were words of one syllable and 122 had two syllables. Great leaders consider communication a core competence, so why don’t more businesses? Manufacturers spend millions on safety training to get people to wear hard hats, but spend very little to make sure their safety critical work instructions are written clearly. That’s not good enough. Effective writing must be a company-wide endeavor. Read more of this post

James Dyson: Big invention does not happen overnight — or in 5 years

Big invention does not happen overnight — or in 5 years

BY JAMES DYSON

6 HOURS 20 MIN AGO

In 2010, Singapore committed S$16.1 billion to fund research, innovation and enterprise over five years. A smart move providing the foundation and fuel for Singapore’s long-term growth.

In 2010, Singapore committed S$16.1 billion to fund research, innovation and enterprise over five years. A smart move providing the foundation and fuel for Singapore’s long-term growth. But for research, is five years really long term? It took me five years and more than 5,000 prototypes to perfect my design for a bagless vacuum cleaner. It was a gamble; I flirted with bankruptcy on a number of occasions, had to re-mortgage my house and borrow hundreds of thousands of pounds. I (and thankfully, my wife too!) believed in my idea, but even once I had got it working, success did not happen overnight. And that was a vacuum cleaner — one single product. Big invention needs big — and long-term — investment. Read more of this post

Some entrepreneurs want to do good. Many more are driven by a chip on the shoulder, a desire for revenge, a distaste for authority.

July 30, 2013, 4:21 p.m. ET

Who Moved My Fortune?

Some entrepreneurs want to do good. Many more are driven by a chip on the shoulder, a desire for revenge, a distaste for authority.

PHILIP DELVES BROUGHTON

Successful entrepreneurs, in my experience, are tenacious, hardheaded and creative. They persist with their ideas long after others might have given up, and they are good at persuading clients, partners and investors to take a chance. Like successful people in any field, they are driven by a powerful inner need, sometimes positive, like the hunger to do something entirely original, but often less appealing: a large chip on the shoulder, a desire for revenge, a distaste for authority and in many cases flat-out greed. “The Social Network,” David Fincher and Aaron Sorkin’s 2010 movie about the founding of Facebook, gave a good sense of how all these forces churned inside Mark Zuckerberg: the sense of social insecurity at Harvard; the delight in confronting authority; and the ruthless unwillingness to share equity. Read more of this post

On Henry Ford’s 150th Birthday, His Greatest Insight Has Been Tragically Forgotten

On Henry Ford’s 150th Birthday, His Greatest Insight Has Been Tragically Forgotten

GUS LUBIN JUL. 30, 2013, 10:15 AM 15,137 73

fredgraph-69

Henry Ford, who was born 150 years ago today, is remembered as the guy who unleashed the full potential of the assembly line, beginning in 1913 when the Ford Motor Company cranked out Model T’s much faster and cheaper than anyone could imagine. But his business philosophy, known as Fordism, went beyond the implementation of mass production. Ford argued that high wages were essential for economic and moral reasons. As he wrote in his autobiography: What good is industry if it be so unskillfully managed as not to return a living to everyone concerned? No question is more important than that of wages — most of the people of the country live on wages. The scale of their living — the rate of their wages — determines the prosperity of the country. Ford set a powerful precedent in 1914 when he doubled wages for workers on his assembly line in Detroit, Mich. The move was in part a reaction to high turnover among his workers, who found the work too hard and unrewarding. At the same time, he argued that it was good for his business.  Read more of this post

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