Morning Bamboo Insight: 05/07/2014

Morning Bamboo Insight: 05/07/2014

Macro

1. How Memphis Firm Decoded Bond Secrets Mystifying Wall Street

http://www.bloomberg.com/news/print/2014-06-29/how-a-memphis-firm-decoded-bond-secrets-mystifying-wall-street.html

2. General Electric: A hard act to follow; It has taken GE’s boss, Jeffrey Immelt, 13 years to escape the legacy of his predecessor, Jack Welch, and to steer the industrial colossus in a new direction

http://www.economist.com/news/business/21605916-it-has-taken-ges-boss-jeffrey-immelt-13-years-escape-legacy-his-predecessor-jack

3. Finding bargains will be tough after QE; The approach to asset management will have to change

http://www.ft.com/cms/s/0/2c511eae-fbbb-11e3-9a03-00144feab7de.html#axzz36OChQZk6

4. Byron Wien on “New Industrial Revolution”; The Wall St. pro shares the latest views of a mentor who sees a new breed of innovators emerging.

http://online.barrons.com/news/articles/SB50001424053111904248904580005073897702184

5. France has signalled it is ready to sell some of the state’s €100bn corporate shareholdings in companies to help pay down debt and invest in areas such as energy and housing

http://www.ft.com/intl/cms/s/0/20c7f470-02a7-11e4-8c28-00144feab7de.html

6. Dodging bullets while investing in Africa; Investors chasing high returns are ready to overlook real danger, weak governance and poor infrastructure

http://www.ft.com/intl/cms/s/0/92198762-fe0e-11e3-acf8-00144feab7de.html#axzz36UlqbFpS

7. Inside Monsanto, America’s Third-Most-Hated Company

http://www.businessweek.com/articles/2014-07-03/gmo-factory-monsantos-high-tech-plans-to-feed-the-world

8. Beware Investment’s Theory of Relativity

http://online.wsj.com/articles/heard-on-the-street-beware-investments-theory-of-relativity-1404406366

9. It’s time to bring GAAP into the 21st century

http://www.accountingtoday.com/ato_issues/28_07/poop-its-time-to-bring-gaap-into-the-21st-century-71191-1.html?zkPrintable=true

Asia Pacific

1. (Korea) – Campaign against ‘Gwanfia’ hits snag; President Park Geun-hye is showing firm resolve to root out the “Gwanfia,” or the practice of former high ranking officials taking top posts in the private sector

http://www.koreatimes.co.kr/www/news/biz/2014/07/488_160268.html

2. (Japan) – Squeaking By on Abenomics; Japan may survive-barely-the consumption-tax hike, but it won’t thrive without a bolder reform package

http://online.wsj.com/articles/squeaking-by-on-abenomics-1404320101

3. (HK) – Hong Kong financiers join in fight for democracy

http://www.chinapost.com.tw/print/411535.htm

4. Indonesia’s elite are rallying around former general and self-styled strongman Prabowo Subianto as he makes a final push to defeat Joko Widodo, the reformist Jakarta governor, in Wednesday’s presidential election

http://www.ft.com/intl/cms/s/0/d844e1f2-02ad-11e4-8c28-00144feab7de.html#axzz36UlqbFpS

5. Indonesia’s Election Has Investors on Edge; Investors pumped $6 billion into Indonesia this year, hoping a maverick will become president

http://www.businessweek.com/printer/articles/211275-indonesias-election-has-investors-on-edge

6. (Spore/Isia) – Singapore to Stop Issuing Bill Used in Indonesia Graft

http://www.thejakartaglobe.com/news/singapore-stop-issuing-bill-used-indonesia-graft/

7. (Thai) – Thai Central Bank Chief Says Independence Key to its Credibility; speculation over whether Thai junta would enlist the country’s central bank into their campaign to boost the economy quickly spread

http://blogs.wsj.com/economics/2014/07/03/thai-central-bank-chief-says-independence-key-to-its-credibility/

8. Asian malls are kings of retail

http://www.nationmultimedia.com/business/Asian-malls-are-kings-of-retail-30237691.html

9. (China) – China Trust ‘Timebomb’ Ticks as Credit Suisse Sees Rejig

http://www.bloomberg.com/news/print/2014-07-03/china-trust-timebomb-ticks-as-credit-suisse-sees-rejig.html

10. (China) – China’s version of PayPal is mounting one of the biggest challenges to Chinese banks

http://qz.com/229909/alibaba-now-runs-the-fourth-largest-money-market-fund-in-the-world-and-maybe-the-biggest-challenge-to-chinese-banks

11. (China) – Lady boss who runs the largest import and export company in Yongkang in eastern China’s Zhejiang province has been arrested in Uganda and escorted back to China

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140704000123&cid=1103

12. (China) – Look Elsewhere for Chinese Shoppers; Political Tensions Are Bad News for Hong Kong Retailers

http://online.wsj.com/articles/heard-on-the-street-look-elsewhere-for-chinese-shoppers-1404386975

13. (China) – Meet Decheng Mining: The Chinese Firm Which Rehypothecated Its Metal (At Least) Three Times

http://www.zerohedge.com/news/2014-07-03/meet-decheng-mining-chinese-firm-which-rehypothecated-its-metal-least-three-times

14. (China) – Piketty with Chinese Characteristics

http://www.project-syndicate.org/print/andrew-sheng-and-geng-xiao-apply-to-china-thomas-piketty-s-framework-for-understanding-the-country-s-rising-income-inequality

15. (China) – Chinese Developers Offer Home-Buyback Guarantees As Komatsu Warns Construction Is Slumping

http://www.zerohedge.com/news/2014-07-02/chinese-developers-offer-home-buyback-guarantees-komatsu-warns-construction-slumping

http://www.bloomberg.com/news/print/2014-07-01/china-developers-offer-buyback-guarantee-in-weakest-home-markets.html

http://www.bloomberg.com/news/print/2014-07-01/komatsu-ceo-flags-china-slump-as-mining-nears-bottom.html

16. (China) – Tale of abuse and revenge behind fall of China “tiger”

http://www.channelnewsasia.com/news/asiapacific/tale-of-abuse-and-revenge/1232164.html

17. Japan Tax Revenue at 6-Year High; Weaker Yen, Higher Shares Buoy Corporate Earnings, Capital Gains

http://online.wsj.com/articles/japan-tax-revenue-at-6-year-high-1404376164?mod=WSJ_LatestHeadlines

Life

1. 11 Characteristics Of Authentically Happy People; Happy people earn enough money to absorb unforeseen financial setbacks

http://www.businessinsider.sg/characteristics-of-authentically-happy-people-2014-7/#.U7aJPfmSxqU

2. A lesson from history – do not cling on to the past; Leaders must confront the world as it is, not as they know it

http://www.ft.com/intl/cms/s/0/4c3a0884-0138-11e4-a938-00144feab7de.html#axzz36UlqbFpS

3. 7 Hard Lessons Everyone Needs To Learn About Success

http://www.businessinsider.sg/hard-lessons-about-success-2014-7/#.U7aLDfmSxqU

4. Book Review: ‘Liberty’s Torch’ by Elizabeth Mitchell; It is a shame that a book about the Statue of Liberty tells you next to nothing about how it became the world’s most potent symbol of freedom

http://online.wsj.com/articles/book-review-libertys-torch-by-elizabeth-mitchell-1404342256

5. Book Review: ‘Elihu Yale’ by Diana Scarisbrick and Benjamin Zucker; Yale University bears the name of one of the world’s first super-managers, a child of the East India Co

http://online.wsj.com/articles/book-review-elihu-yale-by-diana-scarisbrick-and-benjamin-zucker-1404434537?tesla=y&mg=reno64-wsj&url=http://online.wsj.com/article/SB10001424052702304120204580001090929266362.html

6. How To Become A Visionary Leader (Without Really Trying)

http://www.forbes.com/sites/augustturak/2014/07/01/how-to-become-a-visionary-leader-without-really-trying/print/

7. Business Secrets of the Trappist Monks: One CEO’s Quest for Meaning and Authenticity

http://www.amazon.com/Business-Secrets-Trappist-Monks-Authenticity/dp/0231160623/

8. New Study Destroys Malcolm Gladwell’s Famous ‘10,000 Hour Rule’

http://www.businessinsider.sg/new-study-destroys-malcolm-gladwells-10000-rule-2014-7/#.U7aKbfmSxqU

9. The Darkest Song From ‘The Lion King’ Was Based On A 1935 Nazi Propaganda Film

http://www.businessinsider.sg/the-lion-king-be-prepared-nazi-film-2014-6/#.U7aJ2fmSxqU

10. Lou Gehrig’s Famous Farewell Speech on July 4, 1939; “Iron Horse” Gehrig’s image endures, 75 years after ‘luckiest man’

http://www.usatoday.com/story/sports/mlb/2014/07/04/lou-gehrig-luckiest-man-speech-75th-anniversary-als/12207981/

11. What Made a Great Leader in 1776

http://blogs.hbr.org/2014/07/what-made-a-great-leader-in-1776/

TMT

1. (China/Tech) – After Rising to Dominance at Home, Alibaba Eyes E-Commerce Opportunities Abroad; E-commerce giant sees emerging markets like Russia and Southeast Asia as its next battleground

http://english.caixin.com/2014-07-04/100699682.html

2. Xiaomi shakes off its emulators who have tried to copy the business model

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140704000085&cid=1102

3. Kroger’s E-Commerce Buy Puts Grocery Chain Up Against Google

http://blogs.wsj.com/cio/2014/07/03/krogers-e-commerce-buy-puts-grocery-chain-up-against-google/

4. Maker of ‘Moshi Monsters’ Tries Social Network for Children; Mind Candy Founder Michael Acton Smith Believes PopJam Can Capture Untapped Subscriber Base

http://online.wsj.com/articles/maker-of-moshi-monsters-tries-social-network-for-kids-1404397941

Health

1. (China/Healthcare) – A growing trend of coronary-stenting overuse has emerged in China, with an ever-growing number of stents implanted with a lack of regulations to control the abuse

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140702000011&cid=1303

Consumer

1. Doritos Launches Bizarre ‘Roulette’ Edition Where Some Chips Are Insanely Hot

http://www.businessinsider.sg/doritos-releases-roulette-chips-2014-7/#.U7aKe_mSxqU

Investing Process

1. When To Sell A Stock? Lessons From The Greats

http://www.valuewalk.com/2014/07/sell-stock-lessons-greats/?utm_content=quick_link&utm_medium=email&utm_campaign=EMAIL_WEEKLY&utm_source=mailchimp