Evening Bamboo Insight: 10 Jul 2014

Evening Bamboo Insight: 10 Jul 2014

Macro

1. Carlos Slim bows to Mexico telecoms reform; offers to shrink his Mexico telecoms empire

http://www.reuters.com/article/2014/07/09/us-slim-america-movil-idUSKBN0FD2KR20140709

2. Scoping the new subprime as watchdogs cry ‘bubble’

http://www.reuters.com/article/2014/07/09/us-investment-analysis-idUSKBN0FE0F420140709

3. Fed Sets October End for QE Bond Buying

http://online.wsj.com/articles/fed-sets-october-end-for-bond-buying-1404928864

4. Companies Selling Stocks at Record Pace This Year; Offerings of Stock and Similar Securities Have Raised $510 Billion in 2014 Around the World

http://online.wsj.com/articles/companies-selling-stocks-at-record-pace-this-year-1404940991?mod=yahoo_hs

Asia Pacific

1. (China) – China’s yuan global ambition faces payments hurdle

http://www.reuters.com/article/2014/07/08/us-china-economy-yuan-idUSKBN0FD2G720140708

2. (Korea) – Over 3,000 small, established firms put up for sale in S. Korea

http://news.mk.co.kr/english/newsRead.php?sc=30800001&cm=Top%20Story&year=2014&no=970677&selFlag=&relatedcode=&wonNo=&sID=308

3. (India/Healthcare) – India likely to extend price caps to more drugs

http://in.reuters.com/article/2014/06/24/india-pharmaceuticals-idINKBN0EZ0CT20140624

4. (China) – Shaolin Monastery plans to develop mobile games; At present, the offices of the Shaolin Monastery have a Wi-Fi connection and every young monk has a smartphone

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140709000026&cid=1104

5. (India) – Modi should end his own honeymoon

http://www.todayonline.com/print/661941

6. (Taiwan/Tech) – Hon Hai soon to deploy self-made robotics for production

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140709000035&cid=1206

7. (Taiwan/Tech) – Cher Wang: A visionary tech founder returns to HTC

http://fortune.com/2014/07/07/cher-wang-htc/

8. (Spore) – Moody’s retains negative outlook on Singapore’s banks

http://www.thestar.com.my/Business/Business-News/2014/07/08/Moody-retains-negative-outlook-on-Singapore-banking-system/

9. (Taiwan) – Taiwan should invest more in ‘invisible assets’: think tank

http://www.chinapost.com.tw/print/411947.htm

10. China’s audit office plays powerful but silent role in anti-corruption crackdown

http://www.scmp.com/print/news/china/article/1536264/silent-deadly-chinas-secretive-audit-office-reveals-crucial-role-xis-anti

11. Strong Luye Pharma debut boosts prospects for ‘China orphan’ firms that had been previously listed elsewherehttp://www.reuters.com/article/2014/07/09/us-luye-pharma-grp-listing-idUSKBN0FE0JW20140709

12. (China/Tech) – Xiaomi Users Spend More Time In Apps Than iPhone Owners In China

http://techcrunch.com/2014/07/08/xiaomi-users-spend-more-time-in-apps-than-iphone-owners-in-china/

13. (Korea) – South Korea’s Costly Obsession With English

http://blogs.wsj.com/korearealtime/2014/07/09/south-koreas-costly-obsession-with-english/

14. (China) – China Finance Minister Says 7.5% GDP Target Not a ‘Floor’; Comment Suggests Beijing May Be Comfortable With Slower Growth

http://online.wsj.com/articles/china-finance-minister-says-7-5-gdp-target-not-a-floor-1404907259

15. (Isia) – Widodo Claims Victory in Indonesian Election, Subianto Won’t Concede

http://online.wsj.com/articles/polls-open-in-indonesia-presidential-race-1404872776

16. (Myanmar) – No fairytale ending for poor, divided Myanmar; An end to war and a transition to democracy are not the same as peace

http://www.ft.com/intl/cms/s/0/1a70e4f8-06d3-11e4-ba32-00144feab7de.html

17. (China) – Xi Jinping and Mao’s Playbook; The anticorruption campaign does not signal a reformed Party

http://online.wsj.com/articles/xi-jinping-and-maos-playbook-1404924289

Life

1. Are you a visionary director? A checklist for building shareholder value

http://blogs.cfainstitute.org/marketintegrity/2014/06/16/are-you-a-visionary-director-a-checklist-for-building-shareholder-value/

http://www.cfainstitute.org/learning/future/Documents/visionary_director.pdf

http://www.cfapubs.org/doi/pdf/10.2469/ccb.v2012.n3.1

2. VMware CEO Patrick Gelsinger Explains Why 3-Pronged Focus Is Right; Gelsinger abides by what he calls the “abundance theory” – the more time he spends with employees or business partners, the more he’s likely to learn

http://online.wsj.com/articles/boss-talk-vmwares-second-act-is-in-the-cloud-1404842502

http://blogs.wsj.com/atwork/2014/07/08/the-ceo-who-color-codes-every-minute

3. Why countries need to invest more in research

http://www.todayonline.com/print/661921

4. What Corporate Climbers Can Teach Us; ‘Dark’ Personality Traits Can Help People Rise Through Ranks

http://online.wsj.com/articles/what-corporate-climbers-can-teach-us-1404862389

5. 13 Most American Companies

http://fortune.com/2014/07/07/13-most-american-companies/

6. Probing Brain’s Depth, Trying to Aid Memory

http://www.nytimes.com/2014/07/09/health/probing-brains-depth-trying-to-aid-memory.html?ref=health

7. Lessons of a For-Profit College Collapse

http://www.nytimes.com/2014/07/09/opinion/lessons-of-a-for-profit-college-collapse.html?ref=opinion

8. Teaching Young Students the Fine Art of Arguing; More Schools Offer Debating Instructions to Younger Students

http://online.wsj.com/articles/teaching-young-students-the-fine-art-of-arguing-1404870369

9. The Magic Fades for Gowex’s Jenaro García; Lauded as an Innovator, Wi-Fi Entrepreneur Personifies Challenges Facing Spanish Economy

http://online.wsj.com/articles/the-magic-fades-for-gowexs-jenaro-garcia-1404843472

10. Two Important Lessons From Crumbled Crumbs Bake Shop

http://www.forbes.com/sites/adamhartung/2014/07/08/two-lessons-from-crumbled-crumbs-bake-shop/print/

11. Berkshire’s All Stars: The Enduring Value of Values; nine traits in subsidiaries, including budget-consciousness, earnestness, kinship, entrepreneurship, autonomy, and a sense of permanence

http://www.valuewalk.com/2014/07/berkshire-larry-cunningham/ 

12. For Crumbs, Growth May Have Come Too Fast

http://www.nytimes.com/2014/07/09/business/for-crumbs-growth-may-have-come-too-fast.html?ref=business

13. Bosch Korea CEO mixes football, military, management; ‘I learned to not just issue orders, even in the army. Give people some background, explain the target to them.’

http://koreajoongangdaily.joins.com/news/article/article.aspx?aid=2991630&cloc=joongangdaily|home|online

14. How A Lucky Run In Vegas Saved FedEx

http://priceonomics.com/how-a-lucky-run-in-vegas-saved-fedex/

15. Hui Wing Mau: The self-made Australian billionaire that nobody knows

http://www.theage.com.au/business/the-selfmade-australian-billionaire-that-nobody-knows-20140708-zt08r.html

16. Why Bill Gates and Warren Buffett are so successful, in one word; Focus as a noun; Know how valuable your time is

http://qz.com/231907/why-bill-gates-and-warren-buffett-are-so-successful-in-one-word/

17. Why ABBA Turned Down $1 Billion To Reunite In 2000

http://www.businessinsider.sg/abbas-1-billion-reunion-offer-2014-7/#.U71YfPmSxqU

18. The Faulty ‘Mental Models’ That Lead to Poor Disaster Preparation

http://knowledge.wharton.upenn.edu/article/wind-rain-worse/

19. Has ‘Disruptive Innovation’ Run Its Course? Not Yet.

http://knowledge.wharton.upenn.edu/article/disruptive-innovation-run-course-yet/

TMT

1. Eventbrite’s Hartz hopes she’s found the ticket for a lasting company

http://fortune.com/2014/07/08/eventbrites-hartz-hopes-shes-found-the-ticket-for-a-lasting-company/

2. Confessions of a Computer Modeler; Any model, including those predicting climate doom, can be tweaked to yield a desired result

http://online.wsj.com/articles/confessions-of-a-computer-modeler-1404861351

3. A look back at classic deals of Sun Valley’s past

http://fortune.com/2014/07/08/a-look-back-at-classic-deals-of-sun-valleys-past/

4. Teen interns in Silicon Valley getting ‘insane’ pay

http://business.financialpost.com/2014/07/08/teen-interns-in-silicon-valley-getting-insane-pay/

5. How Intel, Microsoft and Apple show there is too much focus on disruption; The ‘lightbulb moment’ of a disruptive idea is important – but it’s the follow-up work keeping the lights on that is arguably more valuable

http://www.brw.com.au/p/leadership/disruption_intel_microsoft_and_apple_v1vfVKl0LIQRFri0uSudkK

6. No Revenue, No Assets Social Media Company CYNK Up Over $1 Billion (+110%) Today On 57K Shares Traded; Full List Of Companies “Audited” By CYNK’s Public Auditor

http://www.zerohedge.com/news/2014-07-09/sheer-insanity-no-revenue-company-rises-over-1-billion-today-57k-shares-traded

http://www.zerohedge.com/news/2014-07-09/full-list-companies-audited-cynks-public-auditor

7. (China/Tech) – Can WeChat Become A Major Advertising Platform?

http://blogs.wsj.com/digits/2014/07/09/can-wechat-become-a-major-advertising-platform/

Healthcare

1. Alzheimer’s Blood Test Progress Boosts British Biotech Company

http://online.wsj.com/articles/alzheimers-blood-test-progress-boosts-british-biotech-company-1404823119

2. Women’s Cancer Risk Raises Doubts About FDA Oversight; Critics See Morcellation Risk as Sign of Weakness in the Monitoring Process for Medical Tools

http://online.wsj.com/articles/womens-cancer-risk-raises-doubts-about-fda-oversight-1404842368

3. Rapid Price Increases for Some Generic Drugs Catch Users by Surprise

http://www.nytimes.com/2014/07/09/health/some-generic-drug-prices-are-soaring.html?ref=health

Consumer

1. Billionaire Jumps Into Headphone Battle Against Beats Audio

http://www.forbes.com/sites/stevenbertoni/2014/07/08/billionaire-jumps-into-headphone-battle-against-beats-audio/print/

2. Emerging Markets’ Chocolate Lovers Boost Cocoa Prices; Appetite for Chocolate in Developing Countries Has Sparked Rally in Cocoa, Near Three-Year Highs

http://online.wsj.com/articles/emerging-markets-chocolate-lovers-boost-cocoa-prices-1404849640

3. Crumbs closes in bitter end for biggest U.S. cupcake chain; Crumbs’ Downfall Shows Limits of American Cupcake Addiction; The Crumbnuts Weren’t Enough, as Cupcake Chain Closes Amid Glut

http://uk.reuters.com/article/2014/07/08/us-crumbs-bake-shop-bankruptcy-idUKKBN0FD2I520140708

http://www.bloomberg.com/news/print/2014-07-08/crumbs-downfall-shows-limits-of-american-cupcake-addiction-1-.html

http://www.bloomberg.com/news/print/2014-07-08/crumbs-closes-all-its-stores-as-crumbnuts-fail-to-revive-chain.html

4. (Consumer/Tech) – Home Depot Sales, IT Collaborate on the Connected Home

http://blogs.wsj.com/cio/2014/07/08/home-depot-sales-it-collaborate-on-the-connected-home/

5. Supermarkets Could Soon Manipulate Where You Walk

http://www.forbes.com/sites/tomvanriper/2014/07/08/supermarkets-could-soon-control-where-you-walk/print/

6. Quinoa Rides the ‘Superfoods’ Wave; Once-Obscure Peruvian Seed ‘Is a Perfect Collision of Trends’

http://online.wsj.com/articles/quinoa-rides-the-superfoods-gluten-free-waves-1404926555

Investing Process

1. Jonathan Booth on GM And Why BBBY Reminds Him of BRK

http://www.valuewalk.com/2014/07/jonathan-booth-on-gm-and-why-bbby-reminds-him-of-brk/

http://www.boothlaird.com/wp-content/uploads/2014/07/Booth-Laird-Q2-2014-Newsletter.pd

2. The Moneyball of Quality Investing: What Is Quality?

http://www.valuewalk.com/2014/07/moneyball-quality-investing

http://www.researchaffiliates.com/Production%20content%20library/The_Moneyball_of_Quality_Investing_pdf.pdf

Commodities

1. Big Commodity Traders Gain Clout; Trafigura, Vitol Among a Handful of Firms Shaking Up Markets

http://online.wsj.com/articles/big-commodity-traders-gain-clout-1404933074