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Morning Bamboo Insight: 28 Jul 2014

Morning Bamboo Insight: 28 Jul 2014

Macro

1. How Krugman Fudged the Truth on U.S. Debt; By mentioning only the baseline projection from the Congressional Budget Office, he downplayed the potentially dangerous growth of U.S. debt as a percentage of GDP.

http://online.barrons.com/news/articles/SB50001424053111904780504580043323337920154?mod=BOL_hp_mag

2. Texas tycoon Sam Wyly and the estate of his late brother Charles should pay damages totaling $1.41 billion for their role in a scheme that hid trades in companies they controlled using offshore trusts, the SEC said

http://www.reuters.com/article/2014/07/26/us-sec-wyly-idUSKBN0FV0ND20140726

3. Four years later, Dodd-Frank fails to turn banks into pet shops

http://fortune.com/2014/07/25/dodd-frank-volcker-risky-trading/

4. Heeding 1994’s Bond-Market Lesson

http://online.wsj.com/articles/heard-on-the-street-heeding-1994s-bond-market-lesson-1406494856

5. (Macro) – Trillion-dollar boo-boo: Bad governments cost investors a fortune

http://www.economist.com.libproxy.smu.edu.sg/news/finance-and-economics/21608754-bad-governments-cost-investors-fortune-trillion-dollar-boo-boo

6. BIG MAC INDEX: Kroners And Swiss Francs Are Still Overvalued

http://www.businessinsider.sg/big-mac-index-kroners-and-swiss-francs-are-still-overvalued-2014-7/#.U9W2H_mSxqU

7. Market mania: a ‘how-to’ guide to hot assets; From spotting the signs to timing your exit, profiting is tricky

http://www.ft.com/intl/cms/s/0/36c2fb44-0c4d-11e4-9080-00144feabdc0.html#axzz38j4SYiuh

8. Germany: A nation of tenants; Only 40 per cent of Germans own their homes, compared with 70 per cent of Britons

http://www.ft.com/intl/cms/s/0/14fe8e4c-1567-11e4-ae2e-00144feabdc0.html#axzz38j4SYiuh

Asia Pacific

1. (China/HK) – In Chinese shadow, HK fights for its future

http://www.bigstory.ap.org/article/chinese-shadow-hong-kong-fights-its-future-0

2. (China) – Retired military officials ordered to return extra homes

http://news.xinhuanet.com/english/china/2014-07/26/c_133512259.htm

3. (China) – State media promoting China’s leader Xi with intensity unseen since Mao era

http://www.washingtonpost.com/world/asia_pacific/state-media-promoting-chinas-leader-xi-with-intensity-unseen-since-mao-era/2014/07/24/f5517d88-1247-11e4-8936-26932bcfd6ed_story.html

4. (China) – What Do Chinese Dumplings Have to Do With Global Warming? In the 12 years between 1995 and 2007, China’s domestic refrigerator-ownership numbers have jumped to 95 percent from just 7 percent of urban families

http://www.nytimes.com/2014/07/27/magazine/what-do-chinese-dumplings-have-to-do-with-global-warming.html

5. (China) – Artful Dodge: Why Chinese Collectors Are ‘Borrowing’ Their Own Pieces

http://blogs.wsj.com/chinarealtime/2014/07/28/artful-dodge-why-chinese-collectors-are-borrowing-their-own-pieces

6. (China/Asia) – Winners and losers in the great Chinese rebalancing; Slowing investment and resilient consumption in China are changing Asia’s economic order

http://www.economist.com.libproxy.smu.edu.sg/news/finance-and-economics/21608749-slowing-investment-and-resilient-consumption-china-are-changing-asias-economic

7. (China/Consumer) – Diageo to write down Chinese spirit stake

http://www.ft.com/intl/cms/s/0/6ad46aa0-15a1-11e4-9e18-00144feabdc0.html#axzz38j4SYiuh

8. (Japan) – Shinzo Abe faces rising disenchantment in Japan

http://www.ft.com/intl/cms/s/0/d88ec8dc-1543-11e4-85bc-00144feabdc0.html?siteedition=intl#axzz38iqWKxc5

Life

1. Where Reason Ends and Faith Begins: In the face of uncertainty, being precise about what you don’t believe in can shore up your confidence in what you do

http://www.nytimes.com/2014/07/27/opinion/sunday/t-m-luhrmann-where-reason-ends-and-faith-begins.html?ref=opinion&_r=0

2. Failure Is Our Muse: Writers are the professional losers. Three hundred thousand books are published in the United States every year. A few hundred could be called financial or creative successes

http://www.nytimes.com/2014/07/27/opinion/sunday/failure-is-our-muse.html?ref=opinion

3. Branding gone wrong: When bad logos strike back

http://fortune.com/2014/07/21/branding-gone-wrong-when-bad-logos-strike-back/

4. What Rock Concerts Teach Us About Creating Strong Customer Bonds; “Love unfolds and reverberates between and among people and thereby belongs to all parties involved, and to the metaphorical connective tissue that binds them together”

http://www.forbes.com/sites/ruthblatt/2014/07/23/what-rock-concerts-teach-us-about-creating-strong-customer-bonds/print/

5. Innovation Emerges From Stories We Tell; Plato told us that “those who tell the stories rule society

http://www.forbes.com/sites/henrydoss/2014/07/25/innovation-emerges-from-stories-we-tell/print/

6. Love 2.0: Creating Happiness and Health in Moments of Connection

http://www.amazon.com/Love-2-0-Creating-Happiness-Connection/dp/0142180475

7. Many would tell you that if you show someone your heart, especially in business – you are soft. Weak. Prey in a world of predators. In the world of artists and making a business out of artistry, sometimes all an emerging artist has is heart

http://www.forbes.com/sites/lorikozlowski/2014/07/23/talenthouse-is-technology-connecting-the-established-and-emerging/print/

8. There’s A Major Revolution In The Book Industry That’s Letting Novelists Make A Living

http://www.businessinsider.sg/publishing-industry-revolution-is-helping-indie-writers-2014-7/#.U9RkkfmSxqU

9. To live in anxiety is to be human; Paradoxically, bravery is often found in those with excessive fears over other things

http://www.straitstimes.com/news/opinion/more-opinion-stories/story/live-anxiety-be-human-20140726

10. Tailspotting: Identifying and profiting from CEO vacation trips

http://lsr.nellco.org/cgi/viewcontent.cgi?article=1298&context=nyu_lewp

11. C.S. Lewis on Suffering and What It Means to Have Free Will in a Universe of Fixed Laws

http://www.brainpickings.org/index.php/2014/07/25/c-s-lewis-problem-of-pain-free-will/

12. Paula Scher on Process versus Outcome

http://www.farnamstreetblog.com/2014/07/paula-scher-on-process-versus-outcome/

13. Commonplace Books as a Source for Networked Knowledge and Combinatorial Creativity

http://www.farnamstreetblog.com/2014/07/networked-knowledge-and-combinatorial-creativity/

14. My Favorite Heuristic for Evaluating Relationships: The Antifragile Person

http://taylorpearson.me/the-antifragile-person/

15. Daniel Kahneman Explains The Machinery of Thought: The best we can do is a compromise: learn to recognize situations in which mistakes are likely and try harder to avoid significant mistakes when the stakes are high

http://www.farnamstreetblog.com/2014/07/daniel-kahneman-the-two-systems/

16. 75 Years In The Making: Harvard Just Released Its Epic Study On What Men Need To Live A Happy Life

http://www.feelguide.com/2013/04/29/75-years-in-th-making-harvard-just-released-its-epic-study-on-what-men-require-to-live-a-happy-life/

17. Don’t Send Your Kid to the Ivy League: The nation’s top colleges are turning our kids into zombies

http://www.newrepublic.com/article/118747/ivy-league-schools-are-overrated-send-your-kids-elsewhere

18. MasterCard’s Ajay Banga: Why ‘Yes, If’ Is More Powerful Than Saying No

http://knowledge.wharton.upenn.edu/article/mastercard-competitive-strategy/

19. Books – Decide: Work Smarter, Reduce Your Stress, and Lead by Example

http://www.amazon.com/exec/obidos/ASIN/1118554388/

TMT

1. Flood of Rivals Could Burst Amazon’s Cloud; Large Telecom and Startups Are Forging Into the Computing Services Business

http://online.wsj.com/articles/storm-clouds-over-amazon-business-1406328539

2. Apple attempts a return to innovation; ‘Apple’s research and development spending in the three months to June represented 4 per cent of sales – the highest ratio since 2006’

http://www.ft.com/intl/cms/s/0/9b615ac0-1344-11e4-8244-00144feabdc0.html#axzz38dBAEGxR

3. Advertising’s New Frontier: Talk to the Bot; Chat App Kik Unveils Feature That Lets Users Converse With Dozens of Brands

http://online.wsj.com/articles/advertisings-new-frontier-talk-to-the-bot-1406493740?mod=WSJ_LatestHeadlines

Consumer

1. The fallout after Comet crashed to earth: Claims of wrongdoing, legal short-cuts and corporate greed emerge in case over the collapse of the high street, electrical goods chain

http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/10992858/The-fallout-after-Comet-crashed-to-earth.html

Commodities

1. Abundant Grain Ripples Through U.S. Farm Industry

http://online.wsj.com/articles/abundant-grain-ripples-through-u-s-farm-industry-1406505224?mod=WSJ_LatestHeadlines

Energy

1. Sun, wind and drain: Wind and solar power are even more expensive than is commonly thought

http://www.economist.com.libproxy.smu.edu.sg/news/finance-and-economics/21608646-wind-and-solar-power-are-even-more-expensive-commonly-thought-sun-wind-and

2. UK shale licences attacked as ‘reckless race’

http://www.ft.com/intl/cms/s/0/5fc456c0-15ab-11e4-9e18-00144feabdc0.html#axzz38j4SYiuh

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About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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