R.E.S.-ilience in Value Creation 《竹经：经商经世离不得立根创新》
April 4, 2014 Leave a comment
Big Words Are Fading, But Many People Still Love Them
Can those who enjoy sesquipedalian words, and those who find them annoying, learn to connect
ELIZABETH BERNSTEIN
March 24, 2014 6:54 p.m. ET
April 4, 2014 Leave a comment
CEO’s Secret to Decision-Making: Total Silence
How a $15,000 bet helped Khajak Keledjianof Intermix find inner peace
JEN MURPHY
March 24, 2014 5:59 p.m. ET
A friend bet Khajak Keledjian $15,000 six years ago that he wouldn’t be able to sit still for 15 minutes in complete silence. After nearly five months of trying, the 41-year-old CEO of high-fashion retailer Intermix couldn’t do it. Read more of this post
April 4, 2014 Leave a comment
Mar 24, 2014
‘Cord-Nevers’: Why Comcast Would Consider a Deal With Apple
On Monday, the Journal reported that Apple is talking to ComcastCMCSA +0.60%about a new streaming-television service that would be powered through an AppleAAPL +1.19% set-top box and would get special treatment to bypass congestion on the Web.
April 4, 2014 Leave a comment
Why Trade Bonds When You Can Trade Ads?
Web Ads, Sold on Computerized Exchanges, Bring Wall Streeters Into the Fray
WILLIAM LAUNDER
March 24, 2014 3:37 p.m. ET
For many on Wall Street, landing an executive-level job at an established hedge fund would be a crowning career move. Until, that is, they get a chance to go into advertising. Read more of this post
April 4, 2014 Leave a comment
Xi’s rising clout could mean swifter reforms
Tuesday, March 25, 2014 – 03:00
Kor Kian Beng
The Straits Times
Chinese President Xi Jinping’s concentration of power in his hands, through the proliferation of intra-party panels that he heads, could change the consultative decision-making process through collective leadership that came about in the 1990s. Read more of this post
April 4, 2014 Leave a comment
Sick Again? Why Some Colds Won’t Go Away
Some people get back-to-back colds, infected by a new virus
SUMATHI REDDY
March 24, 2014 7:02 p.m. ET
About a month ago Sharon Gilbert was hit with a runny nose, sore throat and a cough. The whole snotty works.
A few weeks later she thought she had recovered. Then her husband Derek got sick, and bam. “Suddenly I started getting all the symptoms [again] and it was worse,” said Ms. Gilbert, a 61-year-old writer in Charleston, Ill. Read more of this post
April 4, 2014 Leave a comment
China Set to Cap Transfers Using Mobile-Payment Services
Move Comes as State Banks Push Back Against Finance Businesses of E-Commerce Giants Alibaba, Tencent
Updated March 24, 2014 11:34 a.m. ET
BEIJING—China’s largest Internet firms have had startling success elbowing their way onto the turf of the state-run banks, but now the country’s banks and regulators are pushing back. Read more of this post
April 4, 2014 Leave a comment
12:00 pm
Mar 24, 2014
Chinese Auto Makers Want to Go High-Tech
In China, tech trends have been slowly catching up with the West, and in the race to make a car that connects with smartphones and other gadgets, Chinese auto makers are right on their global competitors’ bumpers. Read more of this post
April 4, 2014 Leave a comment
SEC probes banks and companies in loan securities dealings: WSJ
Mon, Mar 24 2014
(Reuters) – The U.S. Securities and Exchange Commission has launched an investigation into the increasing number of complex bond deals on Wall Street that may create new opportunities for fraud, the Wall Street Journal reported on Monday. Read more of this post
April 4, 2014 Leave a comment
Google Deal With Luxottica Will Bring Glass to Ray-Ban, Oakley
ROLFE WINKLER
March 24,2014
With Luxottica’s help, Google hopes to use style to overcome consumer doubts about Glass. Astro Teller, who oversees Glass among other projects at Google X, the company’s innovation lab, said it is a “very large Read more of this post
April 4, 2014 Leave a comment
Disney to buy YouTube network Maker Studios for $500 million
Mon, Mar 24 2014
By Ronald Grover
LOS ANGELES (Reuters) – The Walt Disney Co has agreed to buy Maker Studios, one of YouTube’s largest networks, for $500 million, a deal that makes Disney a major online video distributor and should help draw more teens into the Disney entertainment empire. Read more of this post
April 4, 2014 Leave a comment
How a deal with Comcast could force Apple to cede tight control over its products
By Brian Fung, Updated: March 24 at 11:44 am
Years after a cryptic claim by Steve Jobs that he’d “finally cracked” the TV business — a statement that’s led nowhere so far — Apple’s trying its hand at television again, this time with a streaming entertainment service that’s reportedly launching with the help of Comcast. Read more of this post
April 4, 2014 Leave a comment
Developing leaders in a business
In his book The Will to Lead, Marvin Bower, McKinsey’s managing partner from 1950 to 1967, urges senior managers to abandon command-and-control structures and adopt a program to develop leaders, starting with themselves. In this excerpt, he explores the attributes of leadership. Read more of this post
April 4, 2014 Leave a comment
Angry Chinese Homeowners Vent Frustrations After Price Cuts
Homeowners Demand Their Money Back After Developer Cuts Prices on New Homes
ESTHER FUNG
March 22, 2014 9:11 a.m. ET
CHANGZHOU, China—Groups of angry homeowners put up banners and demanded their money back after Hong Kong-listed property developer Wharf Ltd. cut prices on new homes in an eastern Chinese city, in the latest sign of stress in the nation’s property market. Read more of this post
April 4, 2014 Leave a comment
March 23, 2014 1:13 pm
In defence of sycophantic wage slaves
By Lucy Kellaway
Luke Johnson is wrong. Flattery is crucial to survival in the corporate world and beyond
If you are reading this, the chances are that you are a sycophant, an arse-kisser and a phoney. Read more of this post
April 4, 2014 Leave a comment
THE MONDAY INTERVIEW
March 23, 2014 1:26 pm
Peter Long, Tui Travel
By Roger Blitz
Read more of this post
April 4, 2014 Leave a comment
March 23, 2014 10:46 am
Japan’s retailers play games with tax rise prices
By Ben McLannahan in Tokyo
Consumption tax rise comes at delicate stage in recovery
Japan’s revival under Shinzo Abe has pushed up inflation higher than base wages, so many people are feeling poorer. Is this a good time for taxes to go up too? Not really. Which is why the government is allowing retailers to act like they haven’t. Read more of this post
April 4, 2014 Leave a comment
March 23, 2014 3:13 pm
Executives take note: activists are sometimes right
By John Authers
McKinsey’s consultants suggest the best strategy is to listen
Executives need to beware of activist investors. They are better armed than ever before, and they are coming after ever bigger targets. As this year’s proxy season in the US comes into view, with annual meetings and board elections on the agenda, heads of big corporations should no longer assume that they are safe. Read more of this post
April 4, 2014 Leave a comment
March 23, 2014 7:09 pm
‘Fragile by Design’, by Charles Calomiris and Stephen Haber
Review by Martin Sandbu
An analysis of close ties between governments and bankers is a fine addition to standard economic models but leaves questions hanging Read more of this post
April 4, 2014 Leave a comment
March 23, 2014 3:02 pm
Candy Crush: Play it again
By Tim Bradshaw and Richard Milne
The makers of the mobile game insist a secret sauce justifies their multibillion dollar valuation
On a sunny spring morning in San Francisco, thousands of gamer geeks huddle together in a dark room, all fretting over when to deploy the lollipop hammer. Read more of this post
April 4, 2014 Leave a comment
The New Hedge-Fund-Like Retail Funds
Mutual funds that aim to copy hedge-fund strategies are proliferating.
ROB COPELAND
March 21, 2014 5:24 p.m. ET
It is getting easier to invest like a hedge fund. That doesn’t necessarily mean you should.
Hedge funds have long served an exclusive clientele of deep-pocketed institutions and wealthy individuals. Now, an expanding array of mutual funds is bringing hedge-fund strategies to the masses.
Investors who crave a seat at the table have poured billions of dollars into the mutual funds, swelling their assets to $286 billion by year-end, compared with $41 billion at the end of 2008, according to fund tracker Lipper. Read more of this post
April 4, 2014 Leave a comment
Firms Find Ways to Cut Big-Data Costs
Facebook-Inspired Designs Are Helping Some Companies Build Data Centers On the Cheap
RACHAEL KING
March 23, 2014 4:56 p.m. ET
Hardware costs can add up quickly in the era of big data.
As large companies collect, analyze and store increasing quantities of information, the expense of adding servers, hard drives and other equipment is threatening to crimp their big-data plans. Indeed, hardware sales related to corporate-data projects are expected to more than double to $15.7 billion in 2017 from $7.16 billion last year, according to Wikibon, a Marlborough, Mass., research organization. Read more of this post
April 4, 2014 Leave a comment
The Data Companies Wish They Had
They Know a Lot About Customers, but They’d Like to Know Even More
MAX TAVES
Updated March 23, 2014 4:36 p.m. ET
FOR SOME companies, big data isn’t quite big enough yet.
These firms already collect loads of information about their customers and suppliers—but that has only whet their appetites for even more. Some retailers want to see what customers buy from other stores, for instance, while health providers want a real-time rundown on their patients’ vital stats to get an early warning about potential health problems. Read more of this post
April 4, 2014 Leave a comment
Promoting Brands in Real Time With Social Media
Advertisers Watch What’s Trending—and Craft Content to Match
GEORGIA WELLS
Updated March 23, 2014 7:22 p.m. ET
A still from a video posted by General Electric on Twitter’s Vine app, showing how color moves through liquid. The video has been liked by more than 227,000 viewers, spreading awareness of the GE brand.General Electric
Read more of this post
April 4, 2014 Leave a comment
How Consumers Are Using Big Data
New apps help people find the cheapest flights, improve their diets, become better drivers
LORA KOLODNY 
Read more of this post
April 4, 2014 Leave a comment
Big Data Enters the Classroom
Technological Advances and Privacy Concerns Clash
LISA FLEISHER
March 23, 2014 4:35 p.m. ET
With the shift to computerized testing, tablets in the classroom and digitized personal records, schools are collecting more data than ever on how children are doing. Read more of this post
April 4, 2014 Leave a comment
Shiller Metric Carries Warning for Stocks
SPENCER JAKAB
March 23, 2014 12:27 p.m. ET
Asked to define a bubble, some Wall Street wags say it is a bull market that an investor has missed.
But with the period between earnings seasons now under way and the S&P 500 back near its record high, investors may turn more attention to the stock market’s overall health rather than just that of its components. Read more of this post
April 4, 2014 Leave a comment
A ‘Crisis’ in Online Ads: One-Third of Traffic Is Bogus
As Digital Advertising Climbs Toward $50 Billion This Year, Marketers Battle Fraudulent Visitors
SUZANNE VRANICA
March 23, 2014 6:47 p.m. ET
Billions of dollars are flowing into online advertising. But marketers also are confronting an uncomfortable reality: rampant fraud.
About 36% of all Web traffic is considered fake, the product of computers hijacked by viruses and programmed to visit sites, according to estimates cited recently by the Interactive Advertising Bureau trade group.
So-called bot traffic cheats advertisers because marketers typically pay for ads whenever they are loaded in response to users visiting Web pages—regardless of whether the users are actual people.
The fraudsters erect sites with phony traffic and collect payments from advertisers through the middlemen who aggregate space across many sites and resell the space for most Web publishers. The identities of the fraudsters are murky, and they often operate from far-flung places such as Eastern Europe, security experts say.
April 4, 2014 Leave a comment
THE JOURNAL OF FINANCE • VOL. LXVII, NO. 2 • APRIL 2012
Don’t Believe the Hype: Local Media Slant, Local Advertising, and Firm Value
UMIT G. GURUN and ALEXANDER W. BUTLER∗
ABSTRACT
When local media report news about local companies, they use fewer negative words
compared to the same media reporting about nonlocal companies. We document that
one reason for this positive slant is the firms’ local media advertising expenditures.
Abnormal positive local media slant strongly relates to firm equity values. The effect
is stronger for small firms; firms held predominantly by individual investors; and
firms with illiquid or highly volatile stock, low analyst following, or high dispersion of
analyst forecasts. These findings show that news content varies systematically with
the characteristics and conflicts of interest of the source.
April 4, 2014 Leave a comment
THE JOURNAL OF FINANCE • VOL. LXVI, NO. 1 • FEBRUARY 2011
When Is a Liability Not a Liability? Textual Analysis, Dictionaries, and 10-Ks
TIM LOUGHRAN and BILL MCDONALD∗
ABSTRACT
Previous research uses negative word counts to measure the tone of a text. We show
that word lists developed for other disciplines misclassify common words in financial
text. In a large sample of 10-Ks during 1994 to 2008, almost three-fourths of the words
identified as negative by the widely used Harvard Dictionary are words typically not
considered negative in financial contexts. We develop an alternative negative word
list, along with five other word lists, that better reflect tone in financial text. We link
the word lists to 10-K filing returns, trading volume, return volatility, fraud, material
weakness, and unexpected earnings.
咬定青山不放松，立根原在破岩中。 千磨万击还坚劲，任尔东西南北风。
Bamboo Innovator 