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Evening Bamboo Insight: 08/07/2014

Evening Bamboo Insight: 08/07/2014

Macro

1. Inside One of the U.S.’s Biggest-Ever Investment-Fraud Stings; FBI’s Operation Pennypincher Targets Murky World of Penny Stocks, a Haven ‘Rife With Fraud’

http://online.wsj.com/articles/inside-one-of-the-u-s-s-biggest-ever-investment-fraud-stings-1404700281

2. Bond Anxiety in $1.6 Trillion Repo Market as Failures Soar

http://www.bloomberg.com/news/print/2014-07-06/bond-anxiety-grows-in-1-6-trillion-repo-market-as-failures-soar.html

3. Blackrock: The $4.3 trillion force; Larry Fink has spent 26 years building BlackRock into the manager of the most assets on the planet. Now he’s finding that size (and power) can be a mixed blessing

http://fortune.com/2014/07/07/blackrock-larry-fink/

4. Looking for short seller abuse

http://ftalphaville.ft.com/2014/07/07/1894082/looking-for-short-seller-abuse/

5. (Macro) – In Home Loans, Subprime Fades as a Dirty Word

http://www.nytimes.com/2014/06/29/business/in-home-loans-subprime-fades-as-a-dirty-word.html

Asia Pacific

1. (Japan/Consumer) – Calbee jumps on breakfast boom

http://www.japantimes.co.jp/news/2014/07/05/business/corporate-business/calbee-jumps-breakfast-boom/#.U7oFhPmSxqU

2. (Japan) – Japan Pins Hopes on Floating Trains; Government Sees Magnetic-Levitation Rail System Spurring Country’s Technological Rebirth

http://online.wsj.com/articles/japan-pins-hopes-on-floating-trains-1404674144?mod=WSJ_hpp_sections_business

3. (Korea) – Ex bureaucrats take up half of Dongbu’s outside board directors

http://news.mk.co.kr/english/newsRead.php?sc=30800004&cm=Company&year=2014&no=965069&selFlag=sc&relatedcode=&wonNo=&sID=308

4. (Korea) – 6 lessons Korea can teach the world

http://www.koreatimes.co.kr/www/news/opinon/2014/07/162_160476.html

5. (Korea/Tech) – After beating Google in Korea, Naver’s billionaire Lee Hae-jin tries to take on Google abroad

http://www.thestar.com.my/Business/Business-News/2014/07/07/After-beating-Google-Koreas-Naver-goes-global-with-messaging-app-Line/

6. (Korea) – Koreans slim down weddings amid economic woes, but social norms bite

http://www.koreatimes.co.kr/www/news/nation/2014/07/511_160519.html

7. More rice missing from storage or in poor condition in Thailand

http://news.asiaone.com/print/news/asia/more-rice-missing-storage-thailand

8. (China/Tech) – China’s Alibaba And Tencent Gobbling Up Everything In Sight

http://www.forbes.com/sites/gordonchang/2014/07/06/chinas-alibaba-and-tencent-gobbling-up-everything-in-sight/print/

9. (China/Tech) – Alibaba-Backed Kuaidi Challenges Uber in China With BMWs

http://www.bloomberg.com/news/print/2014-07-06/alibaba-backed-kuaidi-challenges-uber-in-china-with-bmws.html

10. (Korea/Tech) – Samsung Electronics faces falling profits as succession looms

http://www.reuters.com/article/2014/07/06/us-samsung-elec-guidance-preview-idUSKBN0FB0Y820140706

11. (China) – U.S. companies feel a chill in China, even as many still rake in profits

http://www.washingtonpost.com/world/us-companies-feel-a-colder-wind-in-china-even-as-many-still-rake-in-profits/2014/07/03/dcbfa233-ee13-4e67-b791-3b3e38bca890_story.html

12. (China) – Xi’s Anti-Corruption Campaign Signals Power Play for 2017

http://www.bloomberg.com/news/print/2014-07-03/corruption-crackdown-helps-xi-position-to-shape-future-leaders.html

13. (China) – New Offices Reflect Growth of China’s Busy Anticorruption Agency

http://mobile.nytimes.com/blogs/sinosphere/2014/07/04/new-offices-reflect-growth-of-busy-anticorruption-agency/

14. (China) – Chinese Tycoon Guo Copying Buffett Rises From Bread to Club Med

http://www.bloomberg.com/news/print/2014-07-06/chinese-tycoon-guo-copying-buffett-rises-from-bread-to-club-med.html

15. (China) – China’s top graft-buster says no off limits in probes

http://www.reuters.com/article/2014/07/05/us-china-corruption-idUSKBN0FA06D20140705

16. (China) – China takes on ‘rat traders’ in stock market insider trading probe

http://www.ft.com/cms/s/0/47177632-05ae-11e4-8b94-00144feab7de.html#axzz36nVf4HMp

Life

1. Fine Perfumes of the Animal World; We are by no means the only species trying to smell like anything but ourselves

http://opinionator.blogs.nytimes.com/2014/07/05/fine-perfumes-of-the-animal-world/?_php=true&_type=blogs&ref=opinion&_r=0

2. Build on Your Strengths Instead of Focusing on Flaws

http://www.nytimes.com/2014/07/07/business/international/philips-harjit-gill-global-manger-asia-pacific.html?ref=business

3. A nose for crime: counterfeit wines

http://www.ft.com/intl/cms/s/2/6e8e66d8-8829-11e3-8afa-00144feab7de.html#axzz36kjIuDSw

4. How To Be Resilient: 8 Steps To Success When Life Gets Hard

http://www.bakadesuyo.com/2014/07/how-to-be-resilient/

5. To Lead, You Must Focus

http://hbr.org/2014/06/to-lead-you-must-focus/ar/1

6. The holes in holacracy: The latest big idea in management deserves some scepticism

http://www.economist.com/news/business/21606267-latest-big-idea-management-deserves-some-scepticism-holes-holacracy

7. Make Your Marketing Content Useful

http://blogs.hbr.org/2014/07/make-your-marketing-content-useful/

8. In an inspiring rags to riches story, a Malaysian-born street vendor who once lived a life of poverty is now set to open a 15,000 square foot restaurant in Twitter’s headquarters at San Francisco’s Bay Area

http://www.chinapost.com.tw/print/411778.htm

9. How To Start In Value Investing (Children’s Edition)

http://www.valuewalk.com/2014/07/start-value-investing/

10. Christopher Nassetta: The man who turned around Hilton; How the CEO saved one of private equity’s most expensive deals

http://www.washingtonpost.com/business/capitalbusiness/christopher-nassetta-the-man-who-turned-around-hilton/2014/07/03/43071478-fd5a-11e3-932c-0a55b81f48ce_story.html?wpisrc=nl_headlines

11. How Resilient People Stand Back Up When Life Knocks Them Down

http://www.fastcompany.com/3032669/work-smart/how-resilient-people-stand-back-up-when-life-knocks-them-down?partner=newsletter

12. Look East For Management Innovation

http://www.forbes.com/sites/ceibs/2014/07/02/look-east-for-management-innovation/print/

13. Jay Gould: Flush with success as America’s toilet CEO

http://fortune.com/2014/07/07/jay-gould-american-standard-toilets/

14. The secretive billionaire who built Silicon Valley

http://fortune.com/2014/07/07/arrillaga-silicon-valley/

TMT

1. (Australia/Tech) – Wotif hits its use by date as big players dominate

http://www.theage.com.au/business/comment-and-analysis/wotif-hits-its-use-by-date-as-big-players-dominate-20140707-zsyq9.html

http://online.wsj.com/articles/expedia-bids-for-australias-wotif-1404702168

2. The long tail weapon of your e-commerce store

http://e27.co/the-long-tail-weapon-of-your-e-commerce-store-20140702/

3. G.M. OnStar Data Has Potential as Safety Tool

http://www.nytimes.com/2014/07/07/business/gm-data-has-potential-as-safety-tool.html?ref=business&_r=0

4. Google Co-Founders Talk Regulation, Innovation, And More In Fireside Chat With Vinod Khosla

http://techcrunch.com/2014/07/06/google-co-founders-talk-long-term-innovation-making-big-bets-and-more-in-fireside-chat-with-vinod-khosla/

5. How the music streaming battle is now pitting tech giants Apple, Google against upstarts

http://business.financialpost.com/2014/07/05/how-the-music-streaming-battle-is-now-pitting-tech-giants-apple-google-against-upstarts/?__lsa=7202-e069

6. Is Silicon Valley Funding the Wrong Stuff?

http://online.wsj.com/articles/is-silicon-valley-investing-in-the-wrong-stuff-1404688048

7. (China/Tech) – China’s Alibaba And Tencent Gobbling Up Everything In Sight

http://www.forbes.com/sites/gordonchang/2014/07/06/chinas-alibaba-and-tencent-gobbling-up-everything-in-sight/print/

8. BlaBlaCar: Sharing à la française; A French startup is the sharing economy’s newest star

http://www.economist.com/news/business/21606273-french-startup-sharing-economys-newest-star-sharing-la-fran-aise

9. A New Media Landscape in Sun Valley; Sun Valley Gathering Brings Together Cable, Content and Tech Bigwigs

http://online.wsj.com/articles/changes-in-media-landscape-to-dominate-conference-in-idaho-1404675325

10. Steve Jobs to Larry Page: ‘You guys are doing too much’; Larry Page to Apple: “It sounds stupid if you have this big company and you can only do, like, five things.”

http://fortune.com/2014/07/07/steve-jobs-to-larry-page-you-guys-are-doing-too-much/

Health

1. How to fix a broken market in antibiotics

http://www.reuters.com/article/2014/07/06/us-health-antibiotics-insight-idUSKBN0FB0A220140706

Consumer

1. The dedicated followers of fast fashion: Spain’s most successful fashion retailer, Inditex/Zara, has two ambitious local rivals snapping at its heels

http://www.economist.com/news/business/21606277-spains-most-successful-fashion-retailer-inditex-has-two-ambitious-local-rivals-snapping-its

2. Japanese drink up RTD cocktails; Diageo Korea ramps up Icheon production for low-alcohol exports

http://koreajoongangdaily.joins.com/news/article/article.aspx?aid=2991628

3. In discounter war, will Aldi’s Coke rush fall flat?

http://www.reuters.com/article/2014/07/07/us-germany-aldi-coke-insight-idUSKBN0FC0S220140707

4. Tupperware’s Party Goes World-Wide; Food-Storage Container Maker Derives 60% of Revenue From Emerging Markets; Indonesia leads the way

http://online.wsj.com/articles/tupperwares-party-goes-world-wide-1404671141?mod=yahoo_hs

 

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About bambooinnovator
KB Kee is the Managing Editor of the Moat Report Asia (www.moatreport.com), a research service focused exclusively on highlighting undervalued wide-moat businesses in Asia; subscribers from North America, Europe, the Oceania and Asia include professional value investors with over $20 billion in asset under management in equities, some of the world’s biggest secretive global hedge fund giants, and savvy private individual investors who are lifelong learners in the art of value investing. KB has been rooted in the principles of value investing for over a decade as an analyst in Asian capital markets. He was head of research and fund manager at a Singapore-based value investment firm. As a member of the investment committee, he helped the firm’s Asia-focused equity funds significantly outperform the benchmark index. He was previously the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. KB has trained CEOs, entrepreneurs, CFOs, management executives in business strategy, value investing, macroeconomic and industry trends, and detecting accounting frauds in Singapore, HK and China. KB was a faculty (accounting) at SMU teaching accounting courses. KB is currently the Chief Investment Officer at an ASX-listed investment holdings company since September 2015, helping to manage the listed Asian equities investments in the Hidden Champions Fund. Disclaimer: This article is for discussion purposes only and does not constitute an offer, recommendation or solicitation to buy or sell any investments, securities, futures or options. All articles in the website reflect the personal opinions of the writer.

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