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Evening Bamboo Insight: 18 Aug 2014

Evening Bamboo Insight: 18 Aug 2014

Macro

  1. What’s the Key Economic Challenge of the Future?

http://blogs.wsj.com/cio/2014/08/15/whats-the-key-economic-challenge-of-the-future/

  1. FASB Looks to Uncomplicate Accounting-A Little, At

http://blogs.wsj.com/cfo/2014/08/15/fasb-looks-to-uncomplicate-accounting-a-little-at-least/?mod=WSJ_hpp_sections_cfo

  1. How Much U.S. Debt Does China Hold? The U.S. Isn’t Sure

http://blogs.wsj.com/economics/2014/08/15/us-treasury-unsure-exactly-how-much-us-debt-china-holds/

  1. The recent move by Norges Bank Investment Management, one the world’s biggest investors that has access to Norway oil funds amounting to US$870bil, to be more transparent on its voting intention is something worth emulating

http://www.thestar.com.my/Business/Business-News/2014/08/16/Taking-a-leaf-out-of-Norways-book/

  1. “Soros Put” Rises To Record: Is The Billionaire Investor Betting On Market Crash?

http://www.zerohedge.com/news/2014-08-15/soros-put-rises-record-billionaire-investor-betting-market-crash

  1. All tied up: Working capital management 2014

http://www.ey.com/GL/en/Services/Transactions/EY-working-capital-management

http://www.ey.com/Publication/vwLUAssets/EY-working-capital-management-2014-all_tied_up/$FILE/EY-working-capital-management-2014-all-tied-up.pdf

http://www.valuewalk.com/2014/08/consumer-products-companies

  1. Corporate founders battle boards to overturn forced exits

http://www.reuters.com/article/2014/08/15/corporate-governance-founders-feature-pi-idUSL2N0QL27D20140815

Asia Pacific

  1. (Asia) – Race- and religion-based politics slows Asia’s progress

http://www.japantimes.co.jp/opinion/2014/08/15/commentary/world-commentary/race-and-religion-based-politics-slows-asias-progress/#.U-740PmSxqU

  1. (Japan) – 20% in Japan willing to work under merit-based system without overtime pay: poll

http://www.japantimes.co.jp/news/2014/08/15/business/20-japan-willing-work-merit-based-system-without-overtime-pay-poll/#.U-74ufmSxqU

  1. (Myanmar) – As Myanmar Opens Up to the World, Corporate Behavior Is Under Scrutiny

http://www.thejakartaglobe.com/opinion/myanmar-opens-world-corporate-behavior-scrutiny/

  1. (Taiwan) – Taipei City nixes 12-year education special exam

http://news.asiaone.com/news/edvantage/taipei-city-nixes-12-year-education-special-exam

  1. (India) – Almost half of India billionaires’ wealth held by 5 tycoons

http://business.asiaone.com/print/news/almost-half-india-billionaires-wealth-held-5-tycoons

  1. (Isia) – Indonesian stock market not ready to join ASEAN Economic Community

http://www.thejakartapost.com/news/2014/08/15/indonesian-stock-market-not-ready-join-asean-economic-community.html

  1. (India) – Honoring a Hindu God With Human Pyramids; India’s Supreme Court overturns height and age limits that a lower court imposed on a towering tradition

http://online.wsj.com/articles/honoring-a-hindu-god-with-human-pyramids-1408143955

  1. (China) – China Issues Draft Rules for Property Registry; Registry Would Help Government Track Homeownership, Though Public Access Limited

http://online.wsj.com/articles/china-issues-draft-rules-for-property-registry-1408097942

  1. (China) – The Great Chinese Exodus; Many Chinese are leaving for cleaner air, better schools and more opportunity. But Beijing is keeping its eye on them.

http://online.wsj.com/articles/the-great-chinese-exodus-1408120906

  1. (Asean/Msia) – Malaysia is getting ready to chair Asean next year but the lack of awareness among all parties on what is in store for 2015 is worrying the Government

http://www.thestar.com.my/Opinion/Columnists/Mergawati/Profile/Articles/2014/08/14/Moving-Asean-into-the-spotlight/

  1. (China) – Chinese Power Consumption Crashes: Lowest Growth In 16 Months, Tumbles 10% In Shanghai, As Much As 22% Elsewhere

http://www.zerohedge.com/news/2014-08-15/chinese-power-consumption-crashes-lowest-growth-16-months-tumbles-10-shanghai-much-2

Life

  1. Can an Outside CEO Run a Family-Owned Business?

http://blogs.hbr.org/2014/08/can-an-outside-ceo-run-a-family-owned-business/

  1. Lesson from Kodak’s demise: Beware of outsourcing too much of your secret sauce

http://business.financialpost.com/2014/08/15/lesson-from-kodaks-demise-beware-of-outsourcing-too-much-of-your-secret-sauce/?__lsa=7bd9-2678

  1. Money Won’t Buy Your Kids a Future; It’s terrifying to send your kids out there in the world to take real risks with big potential costs. Unfortunately, it’s often even more dangerous to keep them “safe.”

http://www.bloombergview.com/articles/2014-08-13/money-won-t-buy-your-kids-a-future

  1. How my little book, The Hundred-Foot Journey, became a major Hollywood film produced by DreamWorks and Harpo Films

http://blogs.barrons.com/penta/2014/08/15/helen-mirren-channeled-my-character/?mod=BOL_hp_highlight_5

  1. In Life, Who Wins, the Fox or the Hedgehog?

http://online.wsj.com/articles/the-reality-behind-isaiah-berlins-fox-and-hedgehog-essay-1408144444

  1. Booz Allen Hamilton CFO: Change or Fall by the Wayside

http://blogs.wsj.com/cfo/2014/08/15/booz-allen-hamilton-cfo-change-or-fall-by-the-wayside/

  1. Book Review: ‘The Organized Mind’ by Daniel J. Levitin; Our minds were designed to succeed in an environment utterly unlike the information overload we now face

http://online.wsj.com/articles/book-review-the-organized-mind-by-daniel-j-levitin-1408137852

  1. “Once you put people first and generate brand love, you’ll unlock the magic.” Unilever veteran’s own values gel with company’s mission

http://www.thestar.com.my/Business/Business-News/2014/08/16/Creating-brand-love-Unilever-veterans-own-values-gel-with-companys-mission/

  1. Tan Sri Andrew Sheng: The importance of being moderate

http://www.thestar.com.my/Business/Business-News/2014/08/16/The-importance-of-being-moderate/

  1. Buy bubbles, bet big and backache – Soros’s secrets

http://www.irishtimes.com/business/personal-finance/buy-bubbles-bet-big-and-backache-soros-s-secrets-1.1893639

TMT

  1. For Its New Shows, Amazon Adds Art to Its Data

http://www.nytimes.com/2014/08/16/business/media/for-its-new-shows-amazon-adds-art-to-its-data.html?ref=business

  1. (China/Tech) – Doubt Is Cast on Vetting of Deals by Alibaba; accounting issues at the film company recently acquired by Alibaba are raising questions about whether the Chinese e-commerce giant was overzealous with recent takeovers

http://dealbook.nytimes.com/2014/08/15/alibaba-discovers-suspicious-accounting-at-film-unit

  1. Wayfair, the home furnishings e-commerce site, is going public at 2.2 times sales and $2 billion valuation

http://www.forbes.com/sites/abrambrown/2014/08/15/wayfair-reveals-the-inevitable-its-going-public/print/

  1. The sad devolution of Discovery Channel; Discovery’s shift away from fact-based programming is part of the much larger trend of American cable channels losing their identities

http://qz.com/249615/the-sad-devolution-of-discovery-channel/

  1. Erdogan Compares Social Media to ‘Murderer’s Knife’

http://www.thejakartaglobe.com/international/erdogan-compares-social-media-murderers-knife/

  1. (India/Tech) – IT-Savvy India No Longer Land of ‘Snake Charmers’: Modi; “Digital India is not an elite concept anymore. We have to take broadband connectivity to every village. We have to use this idea to revolutionize health and education

http://www.thejakartaglobe.com/international/savvy-india-longer-land-snake-charmers-modi/

  1. (Spore/Tech) – Singapore start-up Bubble Motion, a voice texting service, has liquidated its business, in one of the more high-profile failures of the local tech industry

http://business.asiaone.com/print/news/local-tech-start-bubble-motion-goes-liquidation

  1. (China/Tech) – Alibaba unit finds possible accounting irregularities

http://www.ft.com/intl/cms/s/0/a9a5be78-2429-11e4-be13-00144feabdc0.html#axzz3AQoDd500

Consumer

  1. Returning to Wal-Mart: Human Cashiers; Wal-Mart discovered after increasing the number of self-checkout systems that longer lines began forming at its staffed checkouts to deal with more complicated and time-consuming transactions

http://online.wsj.com/articles/wal-mart-pledges-to-staff-checkout-lanes-during-holidays-1408112765

  1. Coca-Cola’s Monster deal turns founders into billionaires

http://www.theage.com.au/business/retail/cocacolas-monster-deal-turns-founders-into-billionaires-20140815-104g6y.html

Healthcare

  1. Pervasive Medicare Fraud Proves Hard to Stop

http://www.nytimes.com/2014/08/16/business/uncovering-health-care-fraud-proves-elusive.html?ref=business

  1. (Healthcare/Tech) – Fedex faces a new charge of conspiring to launder money in a U.S. criminal case over the company’s drug deliveries for rogue online pharmacies despite warnings from law enforcement.

http://www.reuters.com/article/2014/08/15/us-fedex-drugs-investigation-idUSKBN0GF1M520140815

  1. How Agents Hunt for Fraud in Trove of Medicare Data; Law-Enforcement Officials Estimate Fraud Accounts for as Much as 10% of Medicare’s Yearly Spending

http://online.wsj.com/articles/how-agents-hunt-for-fraud-in-trove-of-medicare-data-1408069802

Investing Process

  1. Even Warren Buffett Gets Killed in the Stock Market

http://bencarlsonyahoofinance.tumblr.com/post/94816381525/even-warren-buffett-gets-killed-in-the-stock-market

  1. Web of lies: How a Spanish tech star fooled the world; Gowex’s six biggest clients worth a combined 24.5 million euros in revenue were actually linked to Marugan or trustees used by Garcia Martin

http://www.reuters.com/article/2014/08/14/us-spain-gowex-ceo-specialreport-idUSKBN0GE0R420140814

  1. Why Your Cash Isn’t Trash; Cash isn’t just a return-free anchor on your portfolio. It does something other assets don’t: It lets you take advantage of future opportunities while avoiding undue risks now

http://online.wsj.com/articles/hate-earning-no-interest-heres-why-your-cash-isnt-trashreally-1408120357

  1. Qualified opinion raises questions

http://www.thestar.com.my/Business/Business-News/2014/08/16/Qualified-opinion-raises-questions-Despite-a-special-audit-Compugates-have-revealed-little-about-RM3/

Energy

  1. Kinder Morgan CEO Wins Big in Deal: Richard Kinder stands to collect $467 million in dividend payments next year, if his company completes a complex deal to consolidate four related pipeline companies

http://online.wsj.com/articles/kinder-morgan-ceo-wins-big-in-deal-1408145793

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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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