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Morning Bamboo Insight: 14 Jul 2014

Morning Bamboo Insight: 14 Jul 2014

Macro

1. How Overvalued Markets Translate Into Lower Returns; The stock market isn’t poised to match its long-term annualized average return of around 10%.

http://online.wsj.com/articles/how-overvalued-markets-translate-into-lower-returns-1405099363

2. Investing in retirement: The $15 trillion question; Many retired people don’t have proper pensions any more. The financial-services industry may end up cashing in

http://www.economist.com/news/finance-and-economics/21606894-many-retired-people-dont-have-proper-pensions-any-more-financial-services

Asia Pacific

1. (China/India) – India and China – clash of the titans

http://www.ft.com/intl/cms/s/0/6d93cb7c-06a2-11e4-ba32-00144feab7de.html#axzz37EV0xvH2

2. (Isia) – ‘Puppet President’ Fears Unfounded, Observers Say

http://www.thejakartaglobe.com/news/puppet-president-fears-unfounded-observers-say/

3. (Myanmar) – Generals fail to market Myanmar; Three years after Myanmar’s ruling generals shed their uniforms and propelled the country on an ambitious journey toward democracy, security forces are back on the streets of the former military dictate

http://www.deccanherald.com/content/419189/generals-fail-market-myanmar.html

4. (China/Consumer) – Not even China can drink enough milk to prevent the coming global glut

http://qz.com/233328/not-even-china-can-drink-enough-milk-to-prevent-the-coming-glut/

5. (China) – Many of the nouveau riche in China made their fortunes illegally

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140712000010&cid=1103

Life

1. Bill Gates’s Favorite Business Book; John Brooks’s 1960s collection ‘Business Adventures’ still offers many insights into running a strong business

http://online.wsj.com/articles/bill-gatess-favorite-business-book-1405088228

2. Book Review: ‘How the Bible Became Holy’ by Michael L. Satlow; Jews cherished scripture as one of the few things that allowed them to endure and transcend alien hegemony

http://online.wsj.com/articles/book-review-how-the-bible-became-holy-by-michael-l-satlow-1405114209

3. Can books cross borders? Have we arrived in an era of global literature, or is it important that writers share a common language, culture – or at least context – with their readers?

http://www.ft.com/intl/cms/s/2/a68127ea-0765-11e4-b1b0-00144feab7de.html?ftcamp=published_links%2Frss%2Flife-arts%2Ffeed%2F%2Fproduct#axzz37EV0xvH2

4. The dissolution of the Soviet Union; Ukraine’s role and how Mikhail Gorbachev, George HW Bush and Boris Yeltsin were resistant to the break-up

http://www.ft.com/intl/cms/s/2/5e852474-0831-11e4-9afc-00144feab7de.html#axzz37EV0xvH2

5. Schumpeternomics: Gotta’ keep on learning

http://www.thestar.com.my/Business/Business-News/2014/07/12/Schumpeternomics-Gotta-keep-on-learning/

6. (Msia) – Story behind CIMB merger plan; With Islamic finance gaining global acceptance, it’s only natural to set up the biggest Islamic bank in Malaysia. More M&As ahead in the banking sector?

http://www.thestar.com.my/Business/Business-News/2014/07/12/Story-behind-CIMB-merger-plan-With-Islamic-finance-gaining-global-acceptance-its-only-natural-to-se/

http://www.thestar.com.my/Business/Business-News/2014/07/12/More-MAs-ahead-in-the-banking-sector-An-analyst-does-not-discount-the-possibility-of-a-Mayba/

7. The Trouble With Brain Science; It’s not just that we lack answers. We don’t even agree on the questions

http://www.nytimes.com/2014/07/12/opinion/the-trouble-with-brain-science.html?ref=opinion&_r=0

8. American Apparel Is a Lesson in How Not to Run a Company

http://www.nytimes.com/2014/07/12/opinion/joe-nocera-american-apparel-is-a-lesson-in-how-not-to-run-a-company.html?ref=opinion

Investing Process

1. Cynk Technology’s Valuation Defied Gravity Without Revenue, Rousing SEC; Market Capitalization Shot Up to $6 Billion; Regulator Flags ‘Potentially Manipulative Transactions’

http://online.wsj.com/articles/sec-suspends-trading-in-cynk-technology-1405088036?mod=rss_whats_news_us&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+wsj%2Fxml%2Frss%2F3_7011+(WSJ.com%3A+What%27s+News+US)

2. Short sellers, beware – the price also rises; The Gowex case focuses on the ethics of raising doubts, writes Izabella Kaminska

http://www.ft.com/intl/cms/s/0/f1698bfe-082c-11e4-acd8-00144feab7de.html#axzz37EV0xvH2

 

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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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