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Evening Bamboo Insight: 14 Jul 2014

Evening Bamboo Insight: 14 Jul 2014

Macro

1. Industrial conglomerate Johnson Controls is wheeling and dealing its way into more-profitable businesses; founded in 1885 BY Warren Johnson, inventor of the thermostat, JCI strives to provide power and comfort in eco-friendly ways

http://online.barrons.com/news/articles/SB50001424053111904248904580005053922209586?mod=BOL_mp_emailed_today

2. How capital captured politics; WikiLeaks has shown us that western democracies are now ruled by market forces that debase the very notion of freedom

http://www.theguardian.com/commentisfree/2014/jul/13/capital-politics-wikileaks-democracy-market-freedom

3. As some high-risk assets take a hit, investors fear worse is to come

http://www.reuters.com/article/2014/07/13/us-usa-markets-risks-analysis-idUSKBN0FI0T820140713

4. Private equity: A fee too far; Regulators are probing conflicts of interest and high fees charged by fund managers to the companies they own

http://www.ft.com/intl/cms/s/0/9dd43216-0857-11e4-9afc-00144feab7de.html#axzz37OPUp7V5

5. What central banks should do to deal with bubbles; It is a mistake to view macroprudential regulation as a potent independent policy tool

http://www.ft.com/intl/cms/s/0/e5cbf972-08ee-11e4-9d3c-00144feab7de.html

6. Fortunes of wealthiest French keep growing; Corporate success abroad is main driver behind 15% rise

http://www.ft.com/intl/cms/s/0/87c21f4a-08f9-11e4-8d27-00144feab7de.html

7. Turbine makers adapt to winds of change

http://www.ft.com/intl/cms/s/0/e7a93ac4-068d-11e4-ba32-00144feab7de.html#slide0

8. Regulators, Traders Are Out of Sync; As trading hits warp speed, market cops have a growing headache: Clocks can’t always keep up

http://online.wsj.com/articles/regulators-traders-are-out-of-sync-1405295799?mod=rss_about_india

9. In Canada, a Central Banker’s Unusual Approach; Head of Bank of Canada Looks Beyond Economic Models for Clues

http://online.wsj.com/articles/in-canada-a-central-bankers-unusual-approach-1405287298

10. Railroads’ Gravy Train Heads for a Bump

http://online.wsj.com/articles/railroads-gravy-train-heads-for-a-bump-1405286429

11. For Fed, Raising Rates Won’t Be Easy; Central Bank’s Old Method Won’t Work Anymore

http://online.wsj.com/articles/heard-on-the-street-for-fed-raising-rates-wont-be-easy-1405276688

12. The Government Bond Racket; Regulators figure out that sovereign debt isn’t risk free.

http://online.wsj.com/articles/the-government-bond-racket-1405290654

Asia Pacific

1. (Myanmar) – Mandalay’s Chinese Muslims Chilled by Riots

http://www.nytimes.com/2014/07/13/world/asia/mandalays-chinese-muslims-chilled-by-riots.html?emc=edit_th_20140713&nl=todaysheadlines&nlid=36114517&_r=1

2. (China) – China detains prominent financial TV anchor in what appears to be the latest target in a corruption crackdown

http://www.channelnewsasia.com/news/asiapacific/china-detains-prominent/1259014.html#

3. (Isia) – Ruminating on Indonesia’s Future Amid Uncertainty

http://www.thejakartaglobe.com/business/ruminating-indonesias-future-amid-uncertainty/

4. (China/Consumer) – Pizza Express sells for £900m to Chinese investment group

http://www.theguardian.com/business/2014/jul/12/pizza-express-sells-900m-chinese-investments-group-hony-capital

5. (Taiwan) – Taipei ranked world’s 61st most expensive city for expats Vs HK 3rd, Singapore 4th, Zurich 5th, Geneva 6th

http://www.wantchinatimes.com/news-subclass-cnt.aspx?cid=1202&MainCatID=12&id=20140713000027

6. (China) – Chen Xiaoxin, grandson of Communist Party ‘immortal’ Chen Yun

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140712000012&cid=1601

7. (Japan) – Economic reform is the key to fixing the Japanese constitution; With fresh challenges emerging it is crucial to give the people a bigger say

http://www.ft.com/intl/cms/s/0/33aa4fce-090b-11e4-8d27-00144feab7de.html#axzz37OPUp7V5

8. (Korea/Tech) – Owen Mahoney of Nexon: a US geek at the helm of a Japanese game developer

http://www.ft.com/intl/cms/s/0/ab753e3e-0865-11e4-9afc-00144feab7de.html#axzz37OPUp7V5

9. (Msia) – Analysts query logic of Malaysia three-way bank merger

http://www.ft.com/cms/s/0/9331446e-0a3e-11e4-a55e-00144feabdc0.html

10. A flight less ordinary: How Air New Zealand became Australasia’s most profitable airline

http://www.smh.com.au/business/a-flight-less-ordinary-how-air-new-zealand-became-australasias-most-profitable-airline-20140714-zt6di.html#ixzz37QJeP3tB

11. (China) – World Bank Pens a Paean to China’s Low-Cost, High-Speed Trains

http://blogs.wsj.com/chinarealtime/2014/07/14/world-bank-pens-a-paean-to-chinas-high-speed-trains/

12. (China/Consumer) – Chinese Buyer Taps Into Coconut Water Craze; Owner of Vita Coco Is Selling a 25% Stake in the Top-Selling U.S. Brand to Beijing’s Reignwood

http://online.wsj.com/articles/chinese-buyer-taps-into-coconut-water-craze-1405300157

13. (China/Consumer) – China’s Wine Market Shifts Toward Entry Level; Crackdown on Lavish Gift-Giving Sours High-End Segment, But Lower Priced Wine Is in Bloom

http://online.wsj.com/articles/chinas-wine-market-shifts-toward-entry-level-1405305923

14. (India) – India Finance Minister: Public Might Not Be Ready for Broad Overhauls; Jaitley Philosophy Seems to Clash With That of Prime Minister Modi

http://online.wsj.com/articles/india-finance-minister-public-might-not-be-ready-for-broad-overhauls-1405252761

Life

1. Unspoiled Children, No Rod Needed; How Parents Can Be Generous Without Turning Children Into Entitled Little Terrors

http://online.wsj.com/articles/unspoiled-children-no-rod-needed-1405210274

2. Chinua Achebe on the Meaning of Life and the Writer’s Responsibility in Society

http://www.brainpickings.org/index.php/2014/07/11/chinua-achebe-meaning-of-life/

3. Buddhist Economics: How to Stop Prioritizing Goods Over People and Consumption Over Creative Activity

http://www.brainpickings.org/index.php/2014/07/07/buddhist-economics-schumacher/

4. Forget The “To-Do” List, You Need A ‘Stop Doing’ List

http://www.farnamstreetblog.com/2014/07/jim-collins-stop-doing-list/

5. Sir William Osler: A Way of Life; “Our main business is not to see what lies dimly in the distance, but to do what lies clearly at hand.”

http://www.farnamstreetblog.com/2014/07/william-osler-a-way-of-life/

6. The Uses Of Being Wrong

http://www.farnamstreetblog.com/2014/07/the-uses-of-being-wrong/

7. How to Talk About Pain: Modern medicine has impoverished the language we use to describe our suffering

http://www.nytimes.com/2014/07/13/opinion/sunday/how-to-talk-about-pain.html?ref=opinion

8. All Children Should Be Delinquents? It’s how they learn right from wrong

http://www.nytimes.com/2014/07/13/opinion/sunday/all-children-should-be-delinquents.html?ref=opinion

9. How a conversation with Warren Buffett led to a hit tequila

http://fortune.com/2014/07/11/avion-tequila-pernod-buffett/

10. Back from Bankruptcy: The Billion-Dollar Families Whose Fortunes Survived Near Brush With Death

http://www.forbes.com/sites/chloesorvino/2014/07/13/back-from-bankruptcy-the-billion-dollar-families-whose-fortunes-survived-near-brush-with-death/print/

11. Beethoven Used This Strategy To Keep Creative Ideas Flowing

http://www.businessinsider.com/beethovens-creative-strategy-2014-7

12. A Dozen Things I have Learned from Jeff Bezos

http://25iq.com/2014/04/26/a-dozen-things-i-have-learned-from-jeff-bezos/

13. Sigmund Freud, the Never-Ending Storyteller

http://www.vqronline.org/nonfiction-criticism/2014/06/sigmund-freud-never-ending-storyteller

14. Superintelligence: Paths, Dangers, Strategies, by Nick Bostrom; In ‘Superintelligence’, Nick Bostrom argues that we need to endow robots with human values

http://www.ft.com/intl/cms/s/2/021d3484-fd1d-11e3-8ca9-00144feab7de.html#axzz37OPUp7V5

15. The Vatican bank: Managing Mammon; A shake-up of Catholic finances

http://www.economist.com/news/finance-and-economics/21606897-shake-up-catholic-finances-managing-mammon

16. How confidence boosts motivation

http://www.todayonline.com/print/684786

17. The Corruption of Peer Review Is Harming Scientific Credibility

http://online.wsj.com/articles/hank-campbell-the-corruption-of-peer-review-is-harming-scientific-credibility-1405290747

TMT

1. The huge exposure Univision has received from the World Cup shows how the growth of America’s Hispanic population is reshaping the media landscape

http://www.nytimes.com/2014/07/13/business/media/biggest-scorer-in-world-cup-maybe-univision.html?ref=business&_r=0

2. From Obamacare to Marks & Spencer: when websites go wrong

http://www.theguardian.com/business/2014/jul/13/marks-spencer-obamacare-websites-go-wrong

3. Cybercrime: Hackers Inc; Cyber-attackers have multiplied and become far more professional

http://www.economist.com.libproxy.smu.edu.sg/news/special-report/21606420-perils-connected-devices-home-hacked-home

4. A special report on cyber-security

http://www.economist.com.libproxy.smu.edu.sg/news/special-report/21606416-companies-markets-and-countries-are-increasingly-under-attack-cyber-criminals

Consumer

1. How American Apparel fell into ‘dangerous trap’ of retail expansion hype

http://business.financialpost.com/2014/07/12/how-american-apparel-fell-into-dangerous-trap-of-retail-expansion-hype/

2. Michael Kors Should Study Coach’s Errors; Same-Store Sales Have Tumbled for Coach; Kors Is Gaining Market Share

http://online.wsj.com/articles/heard-on-the-street-michael-kors-should-study-coachs-errors-1405287468

3. A Tobacco CEO Who ‘Vapes’ Could Alter the Industry; As Reynolds Talks With Lorillard, Susan Cameron Is Known Exploring New Avenues

http://online.wsj.com/articles/a-tobacco-ceo-who-vapes-could-alter-the-industry-1405297837?mod=yahoo_hs

Healthcare

1. Key to Detecting Alzheimer’s Early Could Be in the Eye

http://online.wsj.com/articles/key-to-detecting-alzheimers-early-could-be-in-the-eye-1405253029?mod=WSJ_hp_RightTopStories

 

 

 

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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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