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Morning Bamboo Insight: 12 Jul 2014

Morning Bamboo Insight: 12 Jul 2014

Macro

1. As Atlantic City’s fortunes fade, casino workers fear bleak future

http://www.reuters.com/article/2014/07/10/us-usa-gambling-new-jersey-idUSKBN0FF0CG20140710

2. How 20 Years Have Transformed the Chemical Industry; The 2013 Chemical Industry Value Creators Report

https://www.bcgperspectives.com/content/articles/process_industries_value_creation_strategy_how_20_years_have_transformed_chemical_industry/print

3. The Crisis on the Border; No one who wants to help has authority, and no one with authority is helping. The horrifying sight of children from Central America sitting in camps at the U.S. border has turned the immigration debate mad

http://online.wsj.com/articles/the-crisis-on-the-border-1405029753?mod=Opinion_newsreel_1

http://online.wsj.com/articles/a-better-border-solution-1405035850

4. Unhappy Fed feels understood by markets

http://uk.reuters.com/article/2014/07/10/column-markets-saft-idUKL2N0PK2E720140710

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

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

6. ‘Anyone with half a brain’ could do buy-to-let; Property tycoons Fergus and Judith Wilson to sell portfolio

http://www.ft.com/intl/cms/s/0/64112204-084e-11e4-9380-00144feab7de.html#axzz37Amj7mro

7. Carlos Slim, Mexico’s mogul of mobile; A new monopoly-busting law could yet prove fruitful for the telecoms tycoon

8. Regulators turn aim on broker research

http://www.ft.com/intl/cms/s/0/6c88e796-083f-11e4-9afc-00144feab7de.html#axzz37Amj7mro

9. BlackRock’s Aladdin: genie not included; Risk management technology is no substitute for investor instinct

http://www.ft.com/cms/s/0/300145d2-0841-11e4-acd8-00144feab7de.html#axzz37ApSSeur

10. Hedge funds miss out on equity surge; “We need markets to be driven more by fundamentals and less by cheap money.”

http://www.ft.com/intl/cms/s/0/41d8a9f6-08fc-11e4-9d3c-00144feab7de.html

11. Gates, Adelson and Buffett Scold Congress on Immigration

http://www.bloomberg.com/news/print/2014-07-11/gates-adelson-and-buffett-scold-congress-on-immigration.html

http://www.nytimes.com/2014/07/11/opinion/sheldon-adelson-warren-buffett-and-bill-gates-on-immigration-reform.html?_r=0

Asia Pacific

1. (Asean) – Cambodia garment workers struggle to survive

http://news.asiaone.com/print/news/asia/cambodia-garment-workers-struggle-survive

2. (Msia) – A day after their operations were deemed illegal, two of the multi-level marketing schemes run by self-proclaimed Chinese millionaire Zhang Jian were raided by the Malaysian authorities

http://news.asiaone.com/print/news/malaysia/crackdown-mlm-schemes

http://news.asiaone.com/print/news/malaysia/management-controversial-chinese-company-denies-it-illegal

3. (Isia) – Fraud fears as Indonesia awaits end to presidential deadlock

http://news.asiaone.com/print/news/asia/fraud-fears-indonesia-awaits-end-presidential-deadlock

4. (China) – 11 Disturbing Charts About The Chinese Economy

http://www.zerohedge.com/news/2014-07-10/11-disturbing-charts-about-chinese-economy

5. (Korea/China) – Is Korean Steel Really Chinese? China Looms Large in a U.S. Decision on Whether to Impose Tariffs on South Korean Steel

http://online.wsj.com/articles/is-korean-steel-really-chinese-1405020098?mod=WSJAsia_hpp_LEFTTopStories

6. Catholics in Business Wrestle With Pope Francis’ Attacks on Capitalism; ‘If the Pope’s Message Is Going to Be Effective, It Has to Be Realistic’

http://online.wsj.com/articles/catholics-in-business-wrestle-with-pope-francis-attacks-on-capitalism-1405016794?mod=Business_newsreel_3

7. (Myanmar) – Burma’s Struggle to Stay Ancient; As tourism skyrockets, Burma needs to prioritize preserving its heritage

http://online.wsj.com/articles/gluckman-burmas-struggle-to-stay-ancient-1405011609

8. (India) – Modi Blueprint Lacks Bold Designs for India

http://online.wsj.com/articles/heard-on-the-street-modi-blueprint-lacks-bold-designs-for-india-1405004372

http://online.wsj.com/articles/indias-limited-budget-1405011937

9. (Japan) – Japan’s GPIF allocates to smart beta

http://www.top1000funds.com/profile/2014/07/11/japans-gpif-allocates-to-smart-beta/print/

10. (Msia) – The whereabouts of the self-proclaimed Chinese millionaire Zhang Jian remain unclear even after multiple raids have been conducted on his MLM offices in the country

http://www.thestar.com.my/News/Nation/2014/07/11/Has-millionaire-left-the-country-Zhangs-whereabouts-remain-unclear/

11. (Japan) – Japanese firms near crisis point as labour shortage deepens

http://uk.reuters.com/article/2014/07/11/uk-japan-economy-labour-idUKKBN0FF2H220140711

12. (China) – Stop indulging China’s banks or risk another crisis

http://www.ft.com/intl/cms/s/0/a42ca6c0-078a-11e4-b1b0-00144feab7de.html#axzz37ApSSeur

13. (Philippines) – Philippines’ Aquino Keeps Budget Chief Amid Corruption Scandal

http://www.reuters.com/article/2014/07/11/us-philippines-corruption-idUSKBN0FG0CE20140711

14. (Thai) – Thai junta to share power with new government despite international calls for a return to full civilian rule

http://www.channelnewsasia.com/news/asiapacific/thai-junta-to-share-power/1255232.html#

15. (Japan) – Japan’s pachinko parlor operators take in $187 billion in bets annually. A decline has them eyeing casinos

http://www.businessweek.com/articles/2014-07-10/japans-pachinko-operators-mull-casino-alliance-to-stem-decline

16. (Japan/Tech) – Nintendo slashes earnings outlook to a loss on grim sales; Since October 2007, when its market capitalisation peaked amid excitement over the new Wii console, Nintendo has lost almost 80 per cent of its equity value

http://www.ft.com/intl/cms/s/0/3f5e0db6-7f58-11e3-b6a7-00144feabdc0.html#slide0

17. (India) – The success of a loan applicant in India hinges overwhelmingly on the language he speaks

http://qz.com/229913/the-success-of-a-small-loan-applicant-in-india-hinges-overwhelmingly-on-the-language-he-speaks/

18. (China/Tech) – Local investors miss out on sizzling Chinese tech stocks

http://fortune.com/2014/07/11/local-investors-miss-out-on-sizzling-chinese-tech-stocks/

19. (China) – Xi Jinping’s corruption purge is pitting China’s state-owned giants against each other

http://qz.com/233252/xi-jinpings-corruption-purge-is-pitting-chinas-state-owned-giants-against-each-other/

Life

1. Shorter sleep may speed brain aging

http://www.reuters.com/article/2014/07/10/us-brain-aging-sleep-idUSKBN0FF23H20140710

2. PBS Interview with Peter Lynch

http://www.pbs.org/wgbh/pages/frontline/shows/betting/pros/lynch.html

3. How Does Creativity Really Work? BCG’s Alan Iny Discusses the Implications of Creativity on Business

https://www.bcgperspectives.com/content/interviews/innovation_alan_iny_how_creativity_really_work/print

4. The Daily Routines Of 26 Of History’s Most Creative Minds

http://www.fastcodesign.com/3032874/infographic-of-the-day/the-daily-routines-of-26-of-historys-most-creative-minds?partner=newsletter

5. How DARPA’s Brain Chip Could Restore Lost Memories

http://www.fastcompany.com/3032898/healthware/how-darpas-brain-chip-could-restore-lost-memories?utm_source=Fast+Company&utm_campaign=4ac9eb6915-Fast+Company+Daily+Newsletter&utm_medium=email&utm_term=0_74b5a87bf7-4ac9eb6915-235239941

6. Crack Down on Scientific Fraudsters; Millions of dollars in government grants are misused for fake results

http://www.nytimes.com/2014/07/11/opinion/crack-down-on-scientific-fraudsters.html?emc=edit_th_20140711&nl=todaysheadlines&nlid=36114517

7. Game Theory Secrets for Parents; Can’t get your children to eat their vegetables or clean up their toys? Game theory offers some solutions

http://online.wsj.com/articles/game-theory-secrets-for-parents-1405005848?mod=WSJ_hpp_sections_lifestyle

8. Eileen Ford, Founder of Ford Model Agency, Dies; Known for Her Eye for Talent, Ford Launched the Careers of Numerous Supermodels

http://online.wsj.com/articles/eileen-ford-founder-of-ford-model-agency-dies-1405042849?mod=WSJ_hpp_sections_news

9. How Fashion Legend Issey Miyake Stays Creative; At 76, Miyake is still trying to make people think critically about design

http://www.fastcodesign.com/3032857/innovation-by-design/how-fashion-legend-issey-miyake-stays-creative

10. How “Dawn Of The Planet Of The Apes” Raised The Blockbuster Bar With Emotion, Realism

http://www.fastcocreate.com/3032789/how-dawn-of-the-planet-of-the-apes-raised-the-blockbuster-bar-with-emotion-realism?partner=newsletter

11. Lego: King of the castle; Focus on detail and digital expansion have helped the Danish toymaker thrive in a tough market

http://www.ft.com/intl/cms/s/2/ee8941f8-01c5-11e4-ab5b-00144feab7de.html#axzz37Amj7mro

12. Moshi Monsters creator Michael Acton Smith to step down; Entrepreneur struggles with operational demands atop Mind Candy

http://www.ft.com/intl/cms/s/0/8e3895ae-0852-11e4-9380-00144feab7de.html

13. Many levels of mistrust: Multi-level marketing schemes have made many millionaires who live it up. But for every one of those success stories, there are many more who have lost their life’s savings

http://www.thestar.com.my/Opinion/Columnists/Why-Not/Profile/Articles/2014/07/11/Many-levels-of-mistrust/

14. This is Bill Gates’ favorite business book of all time

http://qz.com/233147/bill-gates-favorite-business-book-business-adventures/

15. Wait. You can trademark the layout of a store?

http://qz.com/232971/wait-you-can-trademark-the-layout-of-a-store/

16. Unpaid taxes, guns, and potential bankruptcy: The bitter battle for AriZona iced tea; The recently concluded six-week trial between the beverage company’s founders shows how a successful business relationship can go so, so wrong

http://fortune.com/2014/07/10/arizona-iced-tea/

17. Restore Trust at Work with These 3 Words: We are allies

http://blogs.hbr.org/2014/07/restore-trust-at-work-with-these-3-words/

18. Why Marketing Needs More Introverts

http://blogs.hbr.org/2014/07/why-marketing-needs-more-introverts/

19. How to Avoid Collaboration Fatigue

http://blogs.hbr.org/2014/07/how-to-avoid-collaboration-fatigue/

TMT

1. Internet Of Things: Shifting From Proprietary To Standard

http://www.valuewalk.com/2014/07/internet-of-things-iot

2. This practically ancient Internet technology supports speeds 1,000 times the national average

http://www.washingtonpost.com/blogs/the-switch/wp/2014/07/10/this-practically-ancient-internet-technology-supports-speeds-1000-times-the-national-average/

3. Forget Sun Valley, Media Moguls Should Take Latin Road Trip

http://online.wsj.com/articles/forget-sun-valley-media-moguls-should-take-latin-road-trip-heard-on-the-street-1405026972

4. Fraud lurks in shadows of changing digital advertising landscape

http://www.ft.com/intl/cms/s/0/85492590-0801-11e4-9afc-00144feab7de.html#axzz37AsfvHdX

5. Crowdsourcing website shakes up car repair market

http://www.ft.com/intl/cms/s/0/4f1d7a7e-0758-11e4-b1b0-00144feab7de.html#axzz37AsfvHdX

6. (Tech) – The downfall of a Spanish corporate icon took place while the country was still sleeping, in the early hours of Sunday morning.; Jenaro García Martín to face court over Gowex collapse

http://www.ft.com/intl/cms/s/0/f0c25ffa-08f4-11e4-9d3c-00144feab7de.html#axzz37AsfvHdX

7. 3D printing starts to add up for GE Aviation

http://www.ft.com/cms/s/0/1736cd0c-fe3b-11e3-b4f1-00144feab7de.html#axzz37AuTwto7

8. Happy birthday, iTunes App Store. Apple’s App Store turns six today, and now offers consumers over 1.2 million apps, which have been downloaded 75 billion times

http://techcrunch.com/2014/07/10/the-app-store-six-years-later/

Healthcare

1. Mental illness is our most pressing health problem; Given the considerable economic costs to society, treatment would pay for itself

http://www.ft.com/intl/cms/s/0/1bd87d6e-076f-11e4-81c6-00144feab7de.html#axzz37ApSSeur

2. ‘Welcome packs’ help keep Malawi’s cancer patients in hospital

http://www.ft.com/cms/s/2/9612d9ca-68dd-11e3-996a-00144feabdc0.html#ixzz37Av0I7uy

Consumer

1. The Power Menu, Taco Bell’s Appeal to Protein Junkies

http://blogs.wsj.com/corporate-intelligence/2014/07/10/taco-bell-to-beef-up-offerings-on-cantina-bell-menu/?mod=WSJ_hpp_sections_management

2. Magnolia CEO: Crumbs May Die, But the Cupcake Lives On

http://blogs.wsj.com/corporate-intelligence/2014/07/10/magnolia-ceo-crumbs-may-die-but-the-cupcake-lives-on/

3. Crumbs Cupcake Chain: “It wasn’t really a bakery, it was retail points of sale that sold baked goods. There was no experience to be had in the stores or product.”

http://online.wsj.com/articles/investors-circle-shuttered-cupcake-chain-crumbs-1405011862

4. Eating out threatens supermarkets’ bread and butter

http://www.ft.com/intl/cms/s/0/7b292cfa-085f-11e4-9380-00144feab7de.html

Investing Process

1. Tales from the Bretton Woods

http://www.nber.org/papers/w20270.pdf

Commodities

1. ICE at pains to take cotton global; Malaysia’s import requirements have become a sticking point

http://www.ft.com/intl/cms/s/0/113054a4-08c8-11e4-9d3c-00144feab7de.html#axzz37ArTHiBm

2. Demand for agricultural products is set to increase at a slower pace over the next decade, but demand for protein-rich foods will rise substantially as consumers in the developing world adopt a more western diet

http://www.ft.com/intl/cms/s/0/b1fc9cf2-08dd-11e4-9d3c-00144feab7de.html#axzz37AsfvHdX

Energy

1. The Fight to Export U.S. Oil

http://www.businessweek.com/articles/2014-07-10/u-dot-s-dot-oil-export-ban-the-debate-heats-up

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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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