Dilbert creator Scott Adams: Read this if you want to be happy in 2014

Read this if you want to be happy in 2014

By Scott Adams, Published: January 3 | Updated: Saturday, January 4, 2:39 AM

I have no expertise whatsoever on the topic of happiness. But I do have a knack for observation and simplification. That’s what I do for my day job as the creator of Dilbert. Today — as some of you are already backtracking on those New Year’s resolutions — I’m going to strip out all of the mumbo-jumbo around the topic of happiness and tell you the simplest way to get some. You’re reading this in the business section because every bit of what follows on the topic of happiness is relevant to your career, especially if you have entrepreneurial ambitions. You’ll need all the good health, good looks and mental energy you can muster to influence people and survive the long hours. As luck would have it, the good habits that make you healthy and energetic help to make you happy at the same time, so it’s a double win.

As far as I can tell, people usually experience the sensation of happiness whenever they have both health and freedom. It’s a simple formula:

Happiness = Health + Freedom Read more of this post

The Path to Altruism: The desire to help others without consideration for ourselves is not just a noble ideal. Selflessness raises the quality and elevates the meaning of our lives, and that of our descendants; in fact, our very survival may even d

MATTHIEU RICARD

Matthieu Ricard, a French Buddhist monk who resides at Shechen Monastery in Nepal, holds a doctorate in molecular genetics and runs 130 humanitarian projects through his organization Karuna-Shechen.

JAN 3, 2014

The Path to Altruism

SHECHEN, NEPAL – “Cooperation,” the Harvard University biologist Martin Nowak has written, is “the architect of creativity throughout evolution, from cells to multicellular creatures to anthills to villages to cities.” As mankind now tries to solve new, global challenges, we must also find new ways to cooperate. The basis for this cooperation must be altruism. Read more of this post

An Investor’s Recipe for Success in Japan: Investing in “owner-operator” stocks can pay off nicely

SATURDAY, JANUARY 4, 2014

An Investor’s Recipe for Success in Japan

By LESLIE P. NORTON | MORE ARTICLES BY AUTHOR

Investing in “owner-operator” stocks can pay off nicely.

Google “Japanese housewife” and you get a page of X-rated links. That flagrant disrespect contrasts with the attitude toward women evident at Cookpad, Japan’s largest recipe-sharing outfit. Cookpad came public in 2009, 12 years after it was founded by Akimitsu Sano. Members submit recipes and vote on which are the best. It has become a huge hit; more than 80% of Japanese women in their 20s and 30s visit the site. “You get positive reinforcement. If you’re a housewife in Japan, you don’t get a lot of feedback,” says Ayako Weissman, who manages Asia funds for Horizon Kinetics in New York and owns Cookpad shares (ticker: 2193.Japan). In the year ended in March, the company’s earnings jumped 45% and its sales, 27%, driven by subscriptions and ads. No wonder the stock climbed about 145% in 2013. Read more of this post

Why Following the Winners Is for Losers; Last year’s top performers will likely lag behind the market in 2014.

Why Following the Winners Is for Losers

Last year’s top performers will likely lag behind the market in 2014.

MARK HULBERT

Updated Jan. 3, 2014 4:26 p.m. ET

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“Past performance is no guarantee of future results.”

This phrase, ubiquitous in the small print of financial products, often falls on deaf ears, according to Adam Reed, a finance professor at the University of North Carolina at Chapel Hill. “Investors have a tendency to rush into those funds that are at the top of the previous year’s performance rankings,” he says, citing numerous studies. Read more of this post

You Can’t Take It With You, but You Still Want More: A new study illustrates humans’ deeply rooted desire to earn more than they possibly can consume

January 4, 2014

You Can’t Take It With You, but You Still Want More

By MATT RICHTEL

All work and no play may just be a result of “mindless accumulation.”

So say scholars behind research, published in the journal Psychological Science in June, that shows a deeply rooted instinct to earn more than can possibly be consumed, even when this imbalance makes us unhappy. Read more of this post

Two Sides of the Coins; How has biotech finally boomed.

How biotech finally boomed

January 4, 2014

Test results: Sirtex, which is carrying out trials of a cancer treatment, has been a strong sharemarket performer and the focus of much investor interest.

Investing in biotech stocks is not for the faint-hearted – so much so that a lack of analyst depth and knowledge of the sector means that many professional fund managers try to avoid the sector altogether. But the collapse of the gold price and the ongoing implosion of the mining sector during the past year have prompted a steady flow of funds into the sector for the first time. Read more of this post

Even as a child, Jeff Bezos was a data-obsessed, workaholic genius

Even as a child, Jeff Bezos was a data-obsessed, workaholic genius

By Jonathan Wai January 3, 2014

Jonathan Wai is a researcher at the Duke University Talent Identification Program and Case Western Reserve University and writes “Finding the Next Einstein: Why Smart is Relative” for Psychology Today. Read more of this post

How to give your kids everything but a sense of entitlement

How to give your kids everything but a sense of entitlement

By Jenn Choi 4 hours ago

Jenn Choi is the mother of two children. On her site Toys Are Tools, she attempts to decipher what is really beneficial about high-quality educational toys. Kids who understand gratitude have better grades and are less likely to get depressed. This was the conclusion of a recent story in the Wall Street Journal that struck a chord with both my husband and me. Read more of this post

Today one in four people can expect to be struck with debilitating anxiety—why are we so stressed out?

Book Review: ‘My Age of Anxiety’ by Scott Stossel

Today one in four people can expect to be struck with debilitating anxiety—why are we so stressed out?

DANIEL AKST

Jan. 3, 2014 4:52 p.m. ET

Confronted with the problem of spirituality, William James argued that we should study “the acute religion of the few”—mystics, ascetics, spiritual revolutionaries—in order to shed light on “the chronic religion of the many.” Read more of this post

In the era of Facebook and “the friend zone,” are we forgetting the value of a true boon companion?

Book Review: ‘Friendship’ by A.C. Grayling

In the era of Facebook and “the friend zone,” are we forgetting the value of a true boon companion?

MICAH MATTIX

Jan. 3, 2014 4:50 p.m. ET

‘Friend’ is a much devalued word today. President Barack Obama recently referred to his “friends on the right”—with little apparent friendliness. The rest of us, thanks to Facebook, are “friends” with people we have never met. We speak of “friends with benefits” when we mean casual lovers, and of living in the “friend zone” when we mean being romantically frustrated. We refer to things and events as being “eco-friendly,” “user-friendly” or “business-friendly.” Read more of this post

Ascent of the Fallen Stars: Barron’s looks at the comeback of funds run by star managers who had stellar runs and then imploded. They discuss their strategies

SATURDAY, JANUARY 4, 2014

Ascent of the Fallen Stars

By LESLIE P. NORTON | MORE ARTICLES BY AUTHOR

Barron’s looks at the comeback of funds run by star managers who had stellar runs and then imploded. They discuss their strategies.

A surprising byproduct of this year’s rally was the comeback of the star manager: investors with long spells of brilliant performance, whose funds then spectacularly imploded. Consider Bill Miller, whose Legg Mason Opportunity Trus t (ticker: LMOPX) is staging a revival. Finally approaching the levels of 2007, Miller’s fund is up 67%, more than double the S&P 500’s gain. Miller is by no means alone: The same could be said of Ken Heebner’s CGM Focus fund (CGMFX) fund and Bruce Berkowitz’sFairholme fund (FAIRX), both of which are outpacing the index. Read more of this post

Sports Direct: the rise of Britain’s craziest retailer

Sports Direct: the rise of Britain’s craziest retailer

It may not be the prettiest retailer to look at, by Mike Ashley’s Sports Direct is in the FTSE 100 and worth more than £4bn

THUMB (2)

Mike Ashley still controls more than 60pc of Sports Direct and serves as executive deputy chairman Photo: Action Images

By Graham Ruddick

7:11PM GMT 02 Jan 2014

Sports Direct may well be the craziest business on the high street. Not only is it run by Mike Ashley, a pantomime villain in Newcastle, but it has publicly fallen out with one of its two biggest suppliers, employs the vast majority of its workers on zero-hour contracts and has stores that resemble a jumble sale. Read more of this post

Back to School: Fama, French Discuss Their Work; The top proponents of the efficient-market theory on stocks, behavioralists, and bubbles

SATURDAY, JANUARY 4, 2014

Back to School: Fama, French Discuss Their Work

By BEVERLY GOODMAN | MORE ARTICLES BY AUTHOR

The top proponents of the efficient-market theory on stocks, behavioralists, and bubbles.

Eugene Fama and Kenneth French have the easy banter of two brilliant minds that have collaborated and challenged each other for three decades. Fama, 74, teaches at the University of Chicago’s Booth School of Business. He just won the Nobel Prize for his theory of market efficiency, which, in 1965, argued that all available information was immediately incorporated into stock prices. In 1985, he teamed up with Ken French, who at the time also taught at Chicago, but is now a professor at Dartmouth College’s Tuck School of Business. Since then, “Fama and French” has been a catchphrase, shorthand for efficient markets and the model for investing that grew out of that theory. Read more of this post

Paul Stoneham, boss of hair straightener manufacturer ghd, has improved his company’s supply chain and volumised sales and doubled profits over the past four years

How ghd is getting ahead

ghd boss Paul Stoneham has improved his company’s supply chain and volumised sales

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Over the past four years Paul Stoneham has doubled profits at ghd Photo: Paul Grover

By Anna White

8:00PM GMT 04 Jan 2014

The hair straightener manufacturer ghd is barely recognisable after a makeover from its chief executive, Paul Stoneham, who will launch 20 new products over the next five years. Read more of this post

Beauty is Wealth: CEO Appearance and Shareholder Value

Beauty is Wealth: CEO Appearance and Shareholder Value

Joseph Taylor Halford University of Wisconsin Milwaukee

Scott H. C. Hsu University of Wisconsin – Milwaukee

November 20, 2013

Abstract: 
This paper examines whether and how the appearance of chief executives officers (CEOs) affects shareholder value. We obtain a Facial Attractiveness Index of 677 CEOs from the S&P 500 companies based on their facial geometry. CEOs with a higher Facial Attractiveness Index are associated with better stock returns around their first days on the job and higher acquirer returns upon acquisition announcements. To mitigate endogeneity concerns, we compare stock returns surrounding CEO television news events with stock returns surrounding a matched sample of news article events. CEOs’ Facial Attractiveness Index positively affects the stock returns on the television news date, but not around the news article date. The findings suggest that CEO appearance matters for shareholder value and provide an explanation why more attractive CEOs receive “beauty premiums” in their compensation.

Study finds ‘beautiful’ CEOs boost stock prices

University research says attractive chief executives are paid better and their shares perform well when the boss goes on television

Yahoo!’s Marissa Mayer was cited as an example of an attractive chief executive who has boosted share prices Photo: Rex Features Read more of this post

Up Close and Personal with Datuk Michael Tio, CEO of PKT Logistics Group Sdn Bhd

Updated: Saturday January 4, 2014 MYT 8:06:57 AM

Up Close and Personal with Datuk Michael Tio, CEO of PKT Logistics Group Sdn Bhd

BY EUGENE MAHALINGAM

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IT’S Tuesday. Datuk Michael Tio is in his office hard at work, ensuring that operations at PKT Logistics Group Sdn Bhd, a total logistics service provider, is running smoothly. The irony is that it’s also his birthday, and birthday greetings are already pouring in – by the minute.

In Tio’s office to one corner of the room hangs a large screen high-definition TV that’s hooked up to the Internet. Tio, a big social media advocate, replies his thousands of “fans” periodically as the greetings come pouring in, all during the course of this interview. Yes, PKT Logistics has its own Facebook page, and to date, has over 20,000 unique fans and growing. Read more of this post

How to win, lose and use money in a novel way

January 3, 2014 4:40 pm

How to win, lose and use money in a novel way

By John Sutherland

Golden-age writers offer enduring insights on unfairness, writes John Sutherland

Money – and the unfairness of its distribution – is much on our minds at the moment. Particularly, it boils the minds of the “sod politics” generation of those aged 20 to 30– the pinched generation, as David Willetts, the universities minister, has called it. Read more of this post

Encouraging entrepreneurs keeps companies forever young

January 2, 2014 4:02 pm

Encouraging entrepreneurs keeps companies forever young

By Kate Burgess

Encouraging an entrepreneurial spirit among staff is vital to keeping companies forever youthful, according to experts in business psychology. Contrary to common perception, entrepreneurs fit well in big corporate cultures, say the professors from University College London and Goldsmiths. Read more of this post

James Grant: The pioneers of market prediction taught us just how unpredictable the economy can be.

Book Review: ‘Fortune Tellers’ by Walter Friedman

The pioneers of market prediction taught us just how unpredictable the economy can be.

JAMES GRANT

Jan. 3, 2014 4:43 p.m. ET

The pioneers of the impossible business of predicting the financial future are the subject of Walter Friedman’s carefully wrought “Fortune Tellers.” Luckily, the book arrives in time for the New Year’s forecasting season. Read more of this post

How the ‘Wolf of Wall Street’ Really Did It

How the ‘Wolf of Wall Street’ Really Did It

The stock scam wasn’t emblematic of greed in the Financial District. These guys were just shrewd crooks working out of Long Island.

RONALD L. RUBIN

Jan. 3, 2014 6:40 p.m. ET

The swindler known as the “Wolf of Wall Street” taught me how to pull off his boiler-room fraud, down to the smallest details. Movie director Martin Scorsese’s lurid version of the tale now showing in multiplexes doesn’t capture how the scams really worked. Read more of this post

Degrees of Value: Making College Pay Off; For Too Many Americans, College Today Isn’t Worth It

Degrees of Value: Making College Pay Off

For Too Many Americans, College Today Isn’t Worth It

GLENN HARLAN REYNOLDS

Updated Jan. 3, 2014 8:40 p.m. ET

In the field of higher education, reality is outrunning parody. A recent feature on the satire website the Onion proclaimed, “30-Year-Old Has Earned $11 More Than He Would Have Without College Education.” Allowing for tuition, interest on student loans, and four years of foregone income while in school, the fictional student “Patrick Moorhouse” wasn’t much better off. His years of stress and study, the article japed, “have been more or less a financial wash.” Read more of this post

Global sales of wearable fitness devices, apps to rise

Global sales of wearable fitness devices, apps to rise
Sunday, January 5, 2014
CNA

TAIPEI–Worldwide revenues from wearable electronic devices, applications and services for fitness and personal health are expected to reach US$1.6 billion in 2014, due to increased adoption of the new technology, according to Gartner Inc.

Read more of this post

How a massive meth bust in China is tied to traditional medicine

How a massive meth bust in China is tied to traditional medicine

By Heather Timmons and Gang Yang 5 hours ago

Police in Southern China seized 3 tonnes (more than 6,600 lbs) of methamphetamine in a drug raid this week in a small village in Guangdong, and arrested 182 people in connection with the raid, including a local former Communist Party chief. Read more of this post

Guangdong GDP Surpasses US$1tn

Guangdong GDP Surpasses US$1tn

Staff Reporter

2014-01-04

The GDP of China’s Guangdong province is estimated to have grown 8.5% to over 6 trillion yuan (US$1 trillion), in 2013, becoming the sixth province in the nation to hit this mark. Read more of this post

China’s hi-tech emperors; From a global online ‘anything store’ to high-end smartphones challenging Apple, a generation of billionaire entrepreneurs is rising in the East

China’s hi-tech emperors

From a global online ‘anything store’ to high-end smartphones challenging Apple, a generation of billionaire entrepreneurs is rising in the East

Global e-commerce is booming and Shanghai and other huge Chinese cities are alight with new ideas as the country shifts gear from assembly line to powerhouse of the technology industry. Photo: Alamy

By Christopher Williams

5:55PM GMT 04 Jan 2014

A new generation is taking power in China. Not the grey graduates of Communist Party committees. But aggressive, entrepreneurial and often colourful internet billionaires. As well as influencing domestic politics, several plan to break out on to the world stage in 2014. Read more of this post

China’s credit spiral

China’s credit spiral

David Keohane

| Jan 03 11:05 | 7 comments | Share

Just when you think there’s nothing left to say about China’s debt dilemma up pop some more pieces to greet the new year. Two of the most recent saw Soros on theself-contradiction in Chinese policy boat saying that “restarting the furnaces also reignites exponential debt growth, which cannot be sustained for much longer than a couple of years” and Patrick Chovanec providing a touch more detail about what all that messy debt actually means: Read more of this post

China Moves to Tighten Rare-Earths Control, Pave Way for Consolidation

China Moves to Tighten Rare-Earths Control, Pave Way for Consolidation

Minerals Are Used in Sensitive Industries Such as Defense, Telecommunications

CHUIN-WEI YAP

Jan. 3, 2014 8:03 p.m. ET

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China dominates global production of rare-earth metals. Here, a mining site in Jiangxi province in 2010.Reuters

BEIJING—China is moving to tighten control over its far-flung rare-earths industry, paving the way for state-backed mining giants to acquire smaller producers and carry out Beijing’s consolidation mandate. Read more of this post

China Aims to Curb Water Use in Cities With Progressive Pricing

China Aims to Curb Water Use in Cities With Progressive Pricing

China, the world’s most populous nation, called on cities to scale charges for water based on consumption by the end of 2015 to conserve the vital resource. The National Development and Reform Commission said local governments should set at least three tiers of water prices, according to a statement on its website today. Areas facing water shortage should implement bigger price increases with usage, the NDRC said. Rapid urbanization in China has put pressure on resources such as water, land and oil. China’s leaders pledged at a November gathering to speed up urbanization as part of policies that represent the biggest expansion of economic freedoms since at least the 1990s. The country’s urban population surpassed that of rural areas for the first time in the country’s history in 2011. Eighty percent of residential households’ monthly average water use should be priced at the first tier, the nation’s top economic planner said. Second-tier prices should be at least 1.5 times higher with third-tier prices doubling from that level.

To contact Bloomberg News staff for this story: Feifei Shen in Beijing at fshen11@bloomberg.net

Huge challenges ahead for Asean

Updated: Saturday January 4, 2014 MYT 7:37:41 AM

Huge challenges ahead for Asean

BY KAVI CHONGKITTAVORN IN BANGKOK

Asia News Network looks at how Asean is preparing for economic integration in 2015. What are the progress so far and what remains to be done?

WHEN Asean leaders gathered in Singapore in 1992, they knew the time had come to get their act together to accelerate the grouping’s economic integration in order to compete globally. Read more of this post

Manmohan Singh failed to build on early political success; Ever the loyal servant, Mr Singh has appeared weak, timid, helpless and out of touch with India’s rising frustrations. “People look at him with pity, and even condescension”

January 3, 2014 3:58 pm

Manmohan Singh failed to build on early political success

By Amy Kazmin in New Delhi

Announcing his imminent retirement from politics after a decade at the helm of the world’s second-most populous nation, Manmohan Singh, India’s prime minister, said repeatedly on Friday that he awaited history’s verdict on his performance. Read more of this post

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