R.E.S.-ilience in Value Creation 《竹经：经商经世离不得立根创新》
April 9, 2014 Leave a comment
20 Lessons the 2008 Crash You Can Learn From Klarman
by Jae JunMarch 26, 2014, 10:46 am
Following on from the 3 key takeaways from Seth Klarman’s 2013 letter, here’s a little throwback to 2008 and what it can teach you about investing.
The 2008 wasn’t just a market crumble. There are so many lessons you have to keep in mind. Read more of this post
April 9, 2014 Leave a comment
Citi Tumbles Below $5/Share On A Split-Adjusted Basis After Failing Another Fed Stress Test
Tyler Durden on 03/26/2014 16:17 -0400
Another year, another failure by Citigroup to i) pass the Fed’s stress test and ii) be able to stop investing cash in such idiotic fundamental concepts as CapEx, and instead reward activist shareholders with increased dividends and buybacks. As the WSJ reports, Citigroup “failed to get Federal Reserve approval to reward investors with dividends and stock buybacks, a significant blow to Chief Executive Michael Corbat’s effort to bolster the bank’s reputation following a 2008 government rescue.” Hardly surprising for a bank which effectively was wiped out in the crisis and which only survived thanks to the Fed-backed crammed-up, spinoff of billions of toxic assets into a bank bank, however certainly surprising for a bank that is supposed to be “fixed” five years into a “recovery.” What’s worse, the stock is now trading below the infamous $5 level on a pre-split adjustment level – the same split that was supposed to at least optically, give the impression that things at Citi are ok. Turns out optics is only half the answer. Read more of this post
April 9, 2014 Leave a comment
The brains behind Oculus, Facebook’s $2 billion baby
March 27, 2014 – 12:46PM
Nancy Blair
Full of strange ideas: 21-year-old Palmer Luckey with an early prototype of the Oculus Rift. Read more of this post
April 9, 2014 Leave a comment
Man behind famous Windows XP wallpaper wishes he’d negotiated a better licensing deal
March 27, 2014 – 1:43AM
Deputy technology editor
Charles O’Rear reveals where ‘Bliss’ was taken and how Microsoft discovered his iconic photograph.
The default Windows XP wallpaper containing rolling green hills, blue sky and fluffy white clouds may be more recognisable than the Mona Lisa, but it earned its photographer a pittance. Read more of this post
April 9, 2014 Leave a comment
Facebook’s moonshot is a wise move in a time of radical change
BY VIVEK WADHWA
March 26 at 12:27 pm
Facebook has taken the proper approach — acting as if it is doomed unless it reinvents itself. (Jeff Chiu/AP)
A few months ago, I wrote that Facebook was doomed: that it could go the way of AOL and MySpace because it wasn’t keeping up with technology changes. Social media is becoming less social as people start using their mobile devices more than their laptops, and as their address books once again become their friends list. People are communicating more in small circles of close friends on messaging apps. Facebook has been adding only small features and cluttering its pages with annoying ads. Its biggest innovation has been in the way it markets user data and photos—and that hasn’t particularly endeared it to its users. Read more of this post
April 9, 2014 Leave a comment
Rebranding yourself for success
26 Mar 2014
Work on a “new” you and let the world know about it.
Getting ahead in one’s career requires qualities that have been oft-repeated, such as hard work, good communication skills and a can-do attitude. How one is perceived is also important, especially when meeting new professional contacts. It is an opportunity to build one’s personal brand but very often, people fail to make it count. Read more of this post
April 9, 2014 Leave a comment
Strategic use of analytics can boost business
26 Mar 2014
The key lies not in the quantity of data used but in using the right data and doing a trial run.
Within the telecommunications industry, the word “churn” is a dirty word. Churn happens when customers stop doing business with a telco (telecommunications company), often with the assumption that they have switched to a competitor. In an industry where customers have abandoned high-margin services such as voice calls and SMS texts for more cost-efficient ones such as data usage, every customer counts. Read more of this post
April 9, 2014 Leave a comment
Leading with character
26 Mar 2014
Procter & Gamble’s former CEO speaks about taking responsibility and acting quickly to succeed.
When Bob McDonald was a cadet at the US Military Academy at West Point in the 1970s, he was taught there were only four acceptable answers when questioned by senior cadets: “Yes, sir”,“No, sir”, “Sir, I don’t understand” and “No excuse, sir”. When asked to explain an offence, wearing muddy boots which violated the dress code for instance, saying “Yes, sir” does not help, and “No, sir” could constitute defiance and insubordination and lead to dismissal. Read more of this post
April 9, 2014 Leave a comment
China’s Credit Pipeline Slams Shut: Companies Scramble For The Last Drops Of Liquidity
Tyler Durden on 03/26/2014 21:26 -0400
One of our favorite charts summarizing perfectly the Chinese credit bubble, better than any other, is the following which compares bank asset (i.e., loan) creation in China vs the US.
April 9, 2014 Leave a comment
Can China Turn Garbage Into Gold?
March 17, 2014
Chairman, Asia at McKinsey & Company
Beijing Capital, one of the largest diversified conglomerates owned by the Beijing city government, bought New Zealand’s largest waste management company this month for almost US$1 billion. This follows on Hong Kong-based Cheung Kong buying New Zealand’s second largest waste management company for US$400 million. Read more of this post
April 9, 2014 Leave a comment
Loyalty: It’s Killing Your Business
March 20, 2014
If you’re like me, your wallet or purse is bulging with loyalty cards and your inbox is flooded with loyalty offers. We’re not alone. The average US household belongs to an astonishing 23 loyalty programs. And the numbers are increasing. Most of us could use a loyalty program to keep track of all of our loyalty programs! Read more of this post
April 9, 2014 Leave a comment
Facebook’s Alternate Financial Reality
MARCH 26, 2014, 1:04 PM 1 Comments
Mark Zuckerberg is liking a lot of deals.
After spending $19 billion on WhatsApp, the Facebook founder isdoling out $2 billion – and possibly more – in cash and stock on a virtual reality newcomer, Oculus VR. It’s arguably a riskier bet than the messaging app. Both deals also suggest a buy, not build, approach. Read more of this post
April 9, 2014 Leave a comment
March 26, 2014
CFO Magazine
Mind the Non-GAAP
Nontraditional financial metrics can shed valuable light on a company’s operations – or obscure its true condition.
Normalized adjusted EBITDA less capex. Adjusted consolidated segment operating income. Adjusted EBITDA (as adjusted). Even enthusiasts of non-GAAP metrics have to admit that such measures often sound just a wee bit ridiculous. Read more of this post
April 9, 2014 Leave a comment
Smartwatches? Not at this time, say wary Swiss
3:09pm EDT
By Silke Koltrowitz
BASEL, Switzerland (Reuters) – With their hundreds of years of watchmaking experience, Swiss watchmakers can afford to take a long view of technological fads and fashions. So-called smartwatches, packing computing power into a wrist-sized gadget, aren’t in their plans for now. Read more of this post
April 9, 2014 Leave a comment
March 25, 2014
CFO.com | US
Why Companies Suffer Large, Unexpected Credit Losses
The risk of businesses defaulting on their obligations may rise in the coming years.
For companies that sell business-to-business products and services, many things can contribute to a company incurring a loss from a bad debt. The most important factor is probably the quality of the organization’s finance and credit management process. But even the best-managed corporate finance and credit departments experience large, unexpected and painful credit losses. The effect of such a loss on the company’s stakeholders can be devastating. Lenders, vendors, customers and even employees can also be affected, especially when a large, key customer defaults on its obligations. Read more of this post
April 9, 2014 Leave a comment
March 26, 2014
CFO.com | US
Why Employee Turnover Hits the Bottom Line
Employees leaving an organization can influence financial performance, and some of the reasons may not be obvious. Read more of this post
April 9, 2014 Leave a comment
A cautionary tale of using red flags
Wednesday, Mar 26, 2014
Goh Eng Yeow
The Straits Times
SINGAPORE – First, the Singapore Exchange (SGX) was accused of doing too little. Now, it is accused of doing too much. Read more of this post
April 9, 2014 Leave a comment
Myanmar army role to be ‘gradually’ decreased: President
Wednesday, March 26, 2014 – 19:01
AFP
NAYPYIDAW, Myanmar, March 26, 2014 (AFP) – Myanmar’s leader on Wednesday said the role of the powerful military should be reduced slowly in the transition to democracy amid opposition campaigns to ease the army’s grip on political power. Read more of this post
April 9, 2014 Leave a comment
Is Olam price spike due to market misconduct?
First Published in Business Times on March 19, 2014
Letter to the Editor
Mak Yuen Teen
THE commentary, “Why no SGX query on Olam price surge? (BT, March 15), mentions the perception that SGX may be less willing to query government-linked companies (GLCs). Read more of this post
April 9, 2014 Leave a comment
SGX should be more proactive against potential insider trading
First Published in Business Times on March 26, 2014
Mak Yuen Teen
LAST week was not a good week for the regulatory side of SGX. On the one hand, it was criticised for not querying Olam, while on the other, it was told that it was too easy on the trigger for “Trade with Caution” (TWC) alerts. Read more of this post
April 9, 2014 Leave a comment
Autism Begins as Brain Cells Altered in Womb, Study Finds Read more of this post
April 9, 2014 Leave a comment
S. Korean tycoon to pay fine after jail work overruled
Wednesday, March 26, 2014 – 20:32
AFP
SEOUL – South Korean prosecutors Wednesday overturned a controversial landmark ruling allowing a convicted property mogul to pay off a multi-million dollar fine with 49 days of prison labour, a report said. Read more of this post
April 9, 2014 Leave a comment
Indonesia Election 2014: Technocrat says he’s seeking change
Thursday, March 27, 2014 – 03:25
Wahyudi Soeriaatmadja
The Straits Times
JAKARTA – At a time when many thought striking a global trade deal was impossible last December, Bali meeting chairman and then trade minister Gita Wirjawan showed sceptics it could be done by sealing an agreement for the World Trade Organisation. Read more of this post
April 9, 2014 Leave a comment
DPM Tharman on what government must do to keep public’s trust
Robin Chan
The Straits Times
SINGAPORE – The Government faces a challenge of retaining the public’s trust in a new and more challenging environment, Deputy Prime Minister Tharman Shanmugaratnam said on Wednesday. Read more of this post
April 9, 2014 Leave a comment
Civil Service head Peter Ong says policy makers must be close to the ground
Robin Chan
The Straits Times
SINGAPORE – The Head of the Civil Service wants elite members of the service to be close to the ground so they will not only craft but also execute policies well. Read more of this post
April 9, 2014 Leave a comment
Icelander goes into currency cyberspace, central bank frowns
Tue, Mar 25 2014
By Robert Robertsson
REYKJAVIK (Reuters) – Iceland grew a little richer on Tuesday, at least in cyberspace, with the launch of a virtual currency its pseudonymous founder hopes will circumvent the island’s capital controls and eventually replace the crown. Read more of this post
April 9, 2014 Leave a comment
British cost agency to take broader view of drug value
8:03pm EDT
LONDON (Reuters) – British healthcare cost agency NICE is to take a broader view of the value offered by new medicines under proposals that may make it more likely that it will say “yes” to novel drugs in future. Read more of this post
April 9, 2014 Leave a comment
How low can you go? This whale is the champion of deep diving
5:14pm EDT
By Will Dunham
WASHINGTON (Reuters) – If there were a gold medal for cetacean diving, it undoubtedly would go to the Cuvier’s beaked whale. Read more of this post
April 9, 2014 Leave a comment
Exclusive: GM’s new recall risk – the spare parts market
4:19pm EDT
By Ben Klayman, Marilyn Thompson and Julia Edwards
DETROIT/WASHINGTON (Reuters) – As General Motors Co recalls 1.6 million vehicles that have defective ignition switches linked to at least 12 deaths, it faces another potential risk – this time in the spare parts market. Read more of this post
April 9, 2014 Leave a comment
Cloud-based payroll processor TriNet IPO priced at $16 per share
8:04pm EDT
(Reuters) – Cloud-based payroll processor TriNet Group Inc (TNET.N: Quote, Profile, Research, Stock Buzz) said it priced its initial public offering at $16 per share, valuing the company at about $1.09 billion. Read more of this post
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 