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Evening Bamboo Insight: 24 Jul 2014

Evening Bamboo Insight: 24 Jul 2014

Macro

1. How Dashboards Can Help CFOs Manage Risk; Dashboards, listening posts and other risk-sensing tools can help finance chiefs grasp how stakeholders perceive the strategic risks their companies assume

http://ww2.cfo.com/risk-management/2014/07/dashboards-can-help-cfos-manage-risk

2. Why the Wolf of Wall Street’s ‘Sucker List’ Won’t Be Released to ‘Inside Edition’; Financial criminals go to great lengths to hunt down and size up their prey, but to the con man, nothing can top the “sucker list” of people

http://dealbook.nytimes.com/2014/07/23/once-bitten-twice-shy-except-when-it-comes-to-fraud/

3. Calpers Pulls Back From Hedge Funds; California Pension Fund to Cut Investments by 40%

http://online.wsj.com/articles/calpers-pulls-back-from-hedge-funds-1406156915

4. The Lingering, Hidden Costs of the Bank Bailout; Why is growth so anemic? New economic activity has been discouraged. Here are some ways to change that

http://online.wsj.com/articles/vernon-l-smith-the-lingering-hidden-costs-of-the-bank-bailout-1406160075

5. The U.S. airline industry’s newfound health is breeding something not seen in years: a flock of startups. All share an optimism that they can defy the odds in an industry that has seen 77 bankruptcies in the 20 years

http://online.wsj.com/articles/new-startup-airlines-crowd-the-skies-1406143697

6. North Korea’s business guides; Pyongyang is enlisting tutors in the techniques of modern management

http://www.ft.com/intl/cms/s/0/9a6c1ee2-1192-11e4-a17a-00144feabdc0.html#axzz38MavqFEj

7. The spin-offs that followed Air Canada’s bankruptcy; Strategy created value but stripped airline of an economic engine

http://www.ft.com/intl/cms/s/0/7f494142-dc60-11e3-9016-00144feabdc0.html#axzz38MavqFEj

8. Bricks come loose from StanChart tower amid whispering campaign; Investors and insiders point to bank struggling to adapt

http://www.ft.com/intl/cms/s/0/2cf8b910-1278-11e4-a581-00144feabdc0.html#slide0

9. Pepsi to Nescafe Boycotted by Mumbai Muslims for Being ‘Israeli’; “For us, Coke and Pepsi is human blood. They are financing the war against Palestine.”

http://www.thejakartaglobe.com/international/pepsi-nescafe-boycotted-mumbai-muslims-israeli/

Asia Pacific

1. (China) – Young workers dying in their sleep in ‘world’s factory’ in Dongguan, China

http://news.asiaone.com/print/news/asia/young-workers-dying-their-sleep-worlds-factory

2. (China) – ‘Family corruption a new trend in Guangzhou’

http://news.asiaone.com/print/news/asia/family-corruption-new-trend-guangzhou

3. (China) – As credit dries up, troubled Chinese steel makers lose lifeline

http://www.reuters.com/article/2014/07/23/us-china-steel-idUSKBN0FR2FK20140723

4. (China) – McDonald’s CEO: ‘deceived’ by audit of China meat plant

http://www.reuters.com/article/2014/07/22/us-china-food-mcdonalds-idUSKBN0FR20I20140722

5. (China) – Homeowners abandon properties as prices plunge in Wenzhou

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140723000015&cid=1202

6. Long-derided Docklands acknowledged as economic powerhouse; For more than a decade Melbourne has derided Docklands as a failed planning experiment

http://www.theage.com.au/victoria/longderided-docklands-acknowledged-as-economic-powerhouse-20140722-zvsye.html

7. (Australia) – Aussie supermarket giant Woolworths has been forced to stop using the word ”banking” in the marketing of its financial services after it fell foul of regulators

http://www.theage.com.au/business/banking-and-finance/woolworths-reminded-it-isnt-a-bank-20140723-zw4jw.html

8. (China) – China Seals Off Yumen City After Outbreak Of Bubonic Plague

http://www.zerohedge.com/news/2014-07-23/china-seals-yumen-city-after-outbreak-bubonic-plague

9. (Myanmar) – Has the ‘Frontier’ Economy’s Time Finally Arrived?

http://knowledge.wharton.upenn.edu/article/rushing-myanmar-will-foreign-investments-pay/

10. (Vietnam) – Starbucks seeks to expand in cafe-clogged Vietnam

http://www.reuters.com/article/2014/07/23/us-vietnam-starbucks-idUSKBN0FS13B20140723

11. (China) – Beijing’s Real Anticorruption Goal; Xi Jinping can’t eradicate graft, but he can try to avoid an uproar over SOE reform

http://online.wsj.com/articles/joseph-sternberg-beijings-real-anticorruption-goal-1406134106

12. (India) – India to Use ETFs to Sell State Shares Again

http://online.wsj.com/articles/india-to-use-etf-to-sell-state-shares-again-1406099705?tesla=y&mod=WSJASIA_hpp_sections_india&mg=reno64-wsj&url=http://online.wsj.com/article/SB10001424052702304297104580046633749801628.html?mod=WSJASIA_hpp_sections_india

13. (India/Macro) – Revealed: The India-Israel Axis; A burgeoning strategic partnership with Israel matters more to India than reflexive solidarity with the Palestinian cause

http://online.wsj.com/articles/revealed-the-india-israel-axis-1406133666?mod=asia_opinion

14. (India) – Western anti-capitalists take too much for granted: India’s ‘untouchables’ are being emancipated by economic growth

http://www.ft.com/intl/cms/s/0/7db7d974-1252-11e4-93a5-00144feabdc0.html#axzz38MZmptYb

15. (China) – Why China’s hunt for tigers and flies is bound to fail

http://www.ft.com/intl/cms/s/0/c8cbf1dc-11c8-11e4-8279-00144feabdc0.html

16. (Isia) – Teatime with an Indonesian sultan: After decades of slumber, local sultanates and kingdoms are being kissed back to life by political decentralization

http://www.ft.com/intl/cms/s/2/8690e162-0861-11e4-9afc-00144feab7de.html#axzz38MavqFEj

17. China’s second-half rally becomes an annual event

http://www.ft.com/cms/s/0/2615bc7a-123b-11e4-93a5-00144feabdc0.html#axzz38MdIMcJN

18. (HK) – Swatch warns over uncertain Hong Kong outlook

http://www.ft.com/intl/cms/s/0/36769a40-118b-11e4-b356-00144feabdc0.html#axzz38Mpz1X00

19. (Isia) – Prabowo Calls on World Leaders to ‘Withhold Congratulatory Statements’ to Jokowi

http://www.thejakartaglobe.com/news/prabowo-calls-world-leaders-withhold-congratulatory-statements-jokowi/

20. (Isia) – Jokowi Promises to Make Life Easier for Investors; Jokowi’s humble “I’m just like the rest of you” style has made him the country’s most popular politician and it is an image he is careful not to lose

http://www.thejakartaglobe.com/news/jokowi-promises-make-life-easier-investors/

Life

1. Tips on Crafting a Popular Newsletter, from Top Newsletter Authors

http://www.fastcompany.com/3033338/most-creative-people/tips-on-crafting-a-popular-newsletter-from-top-newsletter-authors

2. No One Should Have to Choose Between Caregiving and Work

http://blogs.hbr.org/2014/07/no-one-should-have-to-choose-between-caregiving-and-work/

3. How Google’s Larry Page became a responsible entrepreneur; Four early influences helped shape the Google CEO’s world view and turn him into a change agent

http://www.theguardian.com/sustainable-business/2014/jul/23/entrepreneur-larry-page-google-innovation-change

4. Dogs do experience jealousy, according to a new study. And their motivations might teach us about our own

http://www.washingtonpost.com/news/to-your-health/wp/2014/07/23/to-understand-how-jealousy-works-take-a-look-at-your-dog/

5. PBS Interview with Peter Lynch; Lynch ran Fidelity’s Magellan Fund for thirteen years (1977-1990). In that period, Magellan was up over 2700%. He retired in 1990 at the age of 46

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

6. MagicJack Founder Dies Of Sudden Heart Attack

http://www.valuewalk.com/2014/07/magicjack-dan-borislow

7. Zoo makes wild fashion statement with lion-ripped jeans

http://www.japantimes.co.jp/news/2014/07/23/national/zoo-makes-wild-fashion-statement-lion-ripped-jeans/#.U9C9qvmSxqU

http://www.youtube.com/watch?v=oBkqfiN6zJM

8. Behind every great entrepreneur is an even greater PA

http://www.telegraph.co.uk/finance/comment/michael-hayman/10986508/Behind-every-great-entrepreneur-is-an-even-greater-PA.html

9. The Most Powerful F Word In Leadership

http://www.forbes.com/sites/maseenaziegler/2014/07/22/the-most-powerful-f-word-in-leadership/print/

TMT

1. It’s not TV that Rupert Murdoch wants: It’s HBO

http://qz.com/235746/its-not-tv-that-rupert-murdoch-wants-its-hbo/

2. It’s Time to Split Up Microsoft

http://stratechery.com/2014/making-sense-microsoft/

3. It’s Worth What!? Pressure-testing Companies with Sky-high Valuations

http://knowledge.wharton.upenn.edu/article/worth-pressure-testing-companies-eye-popping-valuations/

4. Will Consumers Be Sold on an eBay-Sotheby’s Collaboration?

http://knowledge.wharton.upenn.edu/article/will-consumers-sold-ebay-sothebys-collaboration/

5. (Tech/China) – Qualcomm struggles to collect royalties in China

http://www.reuters.com/article/2014/07/23/us-qualcomm-results-idUSKBN0FS27N20140723

6. (Asia/Tech) – Apple iPhone Rollout Boosts Asia’s Component Makers; Apple Suppliers in Japan, Taiwan and South Korea Raise Forecasts Ahead of Expected New iPhone Launch

http://online.wsj.com/articles/apple-iphone-rollout-boosts-asias-component-makers-1406123257

7. (Healthcare/Tech) – Surgical Robot Fails to Show Advantages in Treating Bladder Cancer; Study Compares Intuitive Surgical’s da Vinci Device to Traditional Surgery

http://online.wsj.com/articles/surgical-robot-fails-to-show-advantages-1406149383

8. (Media/Tech) – Murdoch’s bid for Time Warner threatens the golden age of television; The fact that once-dominant cable companies face new online and digital competition is good

http://www.ft.com/intl/cms/s/0/c09ec8ea-11c8-11e4-8279-00144feabdc0.html#axzz38MZmptYb

9. (Japan/Tech) – Sega vs Nintendo: a review of Console Wars by Blake J Harris; A 1990s battle that could offer lessons for today’s smartphone makers

http://www.ft.com/intl/cms/s/0/4833f4bc-1190-11e4-a17a-00144feabdc0.html#axzz38MavqFEj

10. Content marketing: turn website visits into sales through the medium of video

http://www.theguardian.com/small-business-network/2014/jul/24/content-marketing-video-website-sales

Books

1. Bill Gates and Warren Buffett’s favorite book: Business Adventures 12 Tales from the World of Wall St (Full Book)

http://cdn1.valuewalk.com/wp-content/uploads/2014/07/Business-Adventures_-Twelve-John-Brooks-1.pdf

Consumer

1. Volatile Brew: Price-Matching and Social Media; A Dollar General Discount Spurs Backlash at Wal-Mart and Target

http://online.wsj.com/articles/discount-stores-combat-social-media-backlash-1406135415?mod=WSJ_hpp_MIDDLENexttoWhatsNewsThird

Healthcare

1. (Healthcare/Tech) – Surgical Robot Fails to Show Advantages in Treating Bladder Cancer; Study Compares Intuitive Surgical’s da Vinci Device to Traditional Surgery

http://online.wsj.com/articles/surgical-robot-fails-to-show-advantages-1406149383

2. Hepatitis C Pill Rockets Gilead Into Big Leagues; Biotech’s Promising Treatment Continues Its Historic Drug Launch

http://online.wsj.com/articles/gilead-sciences-reports-strong-sovaldi-sales-1406146546

Investing Process

1. Importance of ROIC: Compounders and Cheap Stocks

http://basehitinvesting.com/importance-of-roic-part-1-compounders-and-cheap-stocks/

http://basehitinvesting.com/importance-of-roic-part-2-compounders-and-cheap-stocks/

http://basehitinvesting.com/importance-of-roic-part-3-compounding-and-reinvestment/

2. How Companies in Emerging Markets Are Winning at Home

https://www.bcgperspectives.com/content/articles/globalization_consumer_products_2014_bcg_local_dynamos_how_companies_emerging_markets_winning_home

https://www.bcgperspectives.com/Images/How_Companies_in_Emerging_Markets_are_Winning_at_Home_Jul_2014.pdf

3. Long-term returns boosted by illiquidity: The less liquid a stock, the better it will perform over time

http://www.ft.com/intl/cms/s/0/3c62469c-11af-11e4-b356-00144feabdc0.html

4. The Evolution of Value Investing: Past, Present and Beyond

http://www.fordhamgabellicenter.org/wp-content/uploads/2013/06/Calandro-Evolution-of-Value-Investing-MOAF.pdf

Energy

1. Oil traders hearing contango music again. Not loud yet

http://uk.reuters.com/article/2014/07/22/contango-oilstocks-idUKL6N0PR30U20140722

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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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