Morning Bamboo Insight: 21 Jul 2014

Morning Bamboo Insight: 21 Jul 2014

Macro

1. In a Subprime Bubble for Used Cars, Borrowers Pay Sky-High Rates

http://dealbook.nytimes.com/2014/07/19/in-a-subprime-bubble-for-used-cars-unfit-borrowers-pay-sky-high-rates/?_php=true&_type=blogs&emc=edit_th_20140720&nl=todaysheadlines&nlid=36114517&_r=0

2. This Way Up: Mobility in America; Economic mobility is alive and well for Americans who pursue technical or practical training

http://online.wsj.com/articles/this-way-up-mobility-in-america-1405710779?mod=WSJ_hpp_MIDDLENexttoWhatsNewsThird

3. Slim’s Asset Sales Has People Wondering What He’ll Buy Next; Mexican Billionaire Carlos Slim Owns TracFone That Could Serve as Building Block

http://online.wsj.com/articles/carlos-slim-will-he-go-shopping-in-the-u-s-telecom-market-1405722201?tesla=y&mg=reno64-wsj&url=http://online.wsj.com/article/SB10001424052702303984304580029233486852668.html

4. Bill Marriott: Where Hotels Are Going; The Marriott International chairman on Chinese menus, bigger lobbies and the future of hotels

http://online.wsj.com/articles/bill-marriott-where-hotels-are-going-1405716717?mod=WSJ_hp_EditorsPicks

Asia Pacific

1. (China) – Qingdao Port Warehouse Receipts Forged with Phony Seals, Says Source

http://english.caixin.com/2014-07-18/100706072.html

2. (China/Tech) – Short-seller target NQ Mobile dismisses independent auditor

http://www.reuters.com/article/2014/07/18/us-nq-mobile-auditor-idUSKBN0FN1C220140718?feedType=RSS&feedName=technologyNews

3. (China/Tech) – Red flags: Alibaba’s Ma and Ma’s private equity firm

http://www.reuters.com/article/2014/07/16/us-alibaba-yunfeng-idUSKBN0FL17220140716

4. (China/Tech) – A Westerner’s Inside View of Alibaba Successes and Failures

http://dealbook.nytimes.com/2014/07/16/a-westerners-inside-view-of-alibaba-successes-and-failures

5. (Australia) – Lessons From the Aussie Carbon Victory; Tony Abbott has shown it is possible to challenge the climate orthodoxy and roll back an unpopular tax

http://online.wsj.com/articles/australias-carbon-tax-message-1405616207

http://online.wsj.com/articles/switzer-lessons-from-the-aussie-carbon-victory-1405616379

Life

1. Danish People Really Do Have The Secret To Happiness: It’s In Their DNA; the Danish concept of arbejdsglæde means happiness at work

http://www.fastcoexist.com/3033219/danish-people-really-do-have-the-secret-to-happiness-its-in-their-dna?partner=newsletter

2. Lessons Learned in Emerging Markets Resonate Elsewhere Too; Innovation designed to exploit opportunities in emerging markets can be transferred back home to positive effect

http://ww2.cfo.com/global-business/2014/07/lessons-learned-emerging-markets-resonate-elsewhere/

3. Love People, Not Pleasure: What do fame, wealth and lots of sex bring? Exactly the opposite of what you think

http://www.nytimes.com/2014/07/20/opinion/sunday/arthur-c-brooks-love-people-not-pleasure.html

4. The Future of Robot Caregivers

http://www.nytimes.com/2014/07/20/opinion/sunday/the-future-of-robot-caregivers.html

5. Many wealthy families living off their investments are returning to active business operations, impact investing or philanthropy, as they feel they lack of purpose

http://www.campdenfb.com/article/many-wealthy-families-feeling-lack-purpose

6. Leadership Lessons from a War Zone

http://www.fastcompany.com/3033095/hit-the-ground-running/leadership-lessons-from-a-war-zone

7. Math Camp in a Barn: Intensive Instruction, No-Nonsense Discipline; In North Carolina’s poorest county, Indian children get the equivalent of a year’s schooling in three weeks

http://online.wsj.com/articles/naomi-schaefer-riley-math-camp-in-a-barn-intensive-instruction-no-nonsense-discipline-1405724859

8. Why Is It So Hard for Us to Do Nothing? A new study shows that many people would rather get an electric shock than just sit and think

http://online.wsj.com/articles/why-is-it-so-hard-for-us-to-do-nothing-1405697956?mod=WSJ_hpp_MIDDLENexttoWhatsNewsThird

9. Financial Savvy Starts in Childhood; Early Financial Lessons Influence How Adults Handle Money

http://online.wsj.com/articles/financial-savvy-starts-in-childhood-1405816348?mod=WSJ_hpp_MIDDLENexttoWhatsNewsForth

10. Risk Is Never a Strict Numbers Game; We tell children to shun ecstasy but don’t fret about horseback riding-and other foibles of our view of danger

http://online.wsj.com/articles/risk-is-never-a-strict-numbers-game-1405728892

TMT

1. Amazon launches a Netflix-style subscription service for books

http://www.washingtonpost.com/blogs/the-switch/wp/2014/07/18/amazon-launches-a-netflix-style-subscription-service-for-books/

http://www.reuters.com/article/2014/07/18/us-amazon-kindle-idUSKBN0FN1NF20140718?feedType=RSS&feedName=technologyNews

2. IBM Preps for Post-Silicon Era

http://www.eetimes.com/document.asp?doc_id=1323078&elq=135f5c4b3c7c4793afb3de5cefcda3f2&elqCampaignId=18136

3. EE Times Silicon 60: Hot Startups to Watch

http://www.eetimes.com/document.asp?doc_id=1323068&print=yes

4. Forbes sells control of media business to Hong Kong group of investors

http://www.reuters.com/article/2014/07/18/us-publishing-forbes-idUSKBN0FN1XZ20140718

5. White spaces: An analyst explains the grand opportunities he sees for innovation

http://www.washingtonpost.com/blogs/innovations/wp/2014/07/14/white-spaces-an-analyst-explains-the-grand-opportunities-he-sees-for-innovation/?wpisrc=nl_inn

6. Time Warner win would make Murdoch U.S. media king

http://www.reuters.com/article/2014/07/16/us-time-warner-fox-idUSKBN0FL15T20140716

7. Gtech of Italy to Acquire Slot Machine Maker for $4.7 Billion; Lottomatica, controlled by the De Agostini family, acquired the United States lottery company Gtech in 2006 for $4.65 billion

http://dealbook.nytimes.com/2014/07/16/gtech-of-italy-to-acquire-slot-machine-maker-for-4-7-billion

8. (China/Tech) – A Westerner’s Inside View of Alibaba Successes and Failures

http://dealbook.nytimes.com/2014/07/16/a-westerners-inside-view-of-alibaba-successes-and-failures

9. (Tech/Healthcare) – Little-known InterSystems grows to dominate an IT market in age of Obamacare

http://www.washingtonpost.com/business/little-known-intersystems-grows-to-dominate-an-it-market-in-age-of-obamacare/2014/07/17/db975f82-0ba0-11e4-8341-b8072b1e7348_story.html

10. How The Internet Of Things Impacts Industrials

http://www.valuewalk.com/2014/07/how-the-internet-of-things-impacts-industrials

Healthcare

1. (Tech/Healthcare) – Little-known InterSystems grows to dominate an IT market in age of Obamacare

http://www.washingtonpost.com/business/little-known-intersystems-grows-to-dominate-an-it-market-in-age-of-obamacare/2014/07/17/db975f82-0ba0-11e4-8341-b8072b1e7348_story.html

Consumer

1. (Tech/Consumer) – Home Depot, Lowes bring the Internet of Things to DIYers

http://www.washingtonpost.com/business/on-it/home-depot-lowes-bring-the-internet-of-things-to-diyers/2014/07/19/e5247790-0b75-11e4-8c9a-923ecc0c7d23_story.html

2. Acquisitions Are a Value-Enhancing Strategy for VF; Moat-building cost and brand advantages position the firm well.

http://news.morningstar.com/articlenet/article.aspx?id=656350

Investing Process

1. Research – Do Hedge Funds Prefer Safe Stocks? Revisiting Hedge Fund Preferences for Stock Characteristics

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2449165