H.E.R.O.’s Journey in Tech (26 January 2019) – Software Stocks Can Work In Good or Bad Times + When Charlie Munger Calls, Listen and Learn

H.E.R.O.’s Journey in Tech (26 January 2019) – Software Stocks Can Work In Good or Bad Times + When Charlie Munger Calls, Listen and Learn


  • Grainger eyes mid-size companies as it invests more in Zoro.com; “Our single-channel businesses, mainly MonotaRO and Zoro, continue to drive profitable growth” (DC)
  • Trend Micro launches regional AMEA HQ in Singapore; deepens region’s cyber capabilities (NWA)
  • Rakuten’s package delivery drones to take flight soon; Rural areas in Japan would be serviced, but cost is a concern (Nikkei)
  • Koh Young to Demo Hermes and CFX Lines at IPC APEX EXPO 2019 (iconnect)
  • Taiwan’s Delta Electronics eyes Krishnagiri for Rs 4,000 electronic plant (NIE)
  • Afterpay’s quest to be the global platform connecting retailers with Millennials (AFR)
  • How AfterPay and Pro Medicus show why you must buy founder-led companies (MF)
  • Mukesh Ambani wants to be India’s first internet tycoon; Thanks to his ambitions, Indians are getting online faster than ever (Economist)

BATTSS – Baidu, Alibaba, Tencent, TSMC, Samsung, Softbank

  • Consumption remains engine and driving force for China’s growth, Alibaba CEO says (SCMP); ‘Distorted’ private tech market valuations to see correction in next six to nine months, says Alibaba’s Joe Tsai (SCMP)

FAANNMG – Facebook, Amazon, Apple, Nvidia, Netflix, Microsoft, Google

  • Facebook Has Got the Wrong Kind of Friends; Facebook’s user base is growing, but it may be shrinking where it matters (WSJ)
  • Zuckerberg to integrate WhatsApp, Instagram and Facebook Messenger: NYT (Reuters); Why Facebook Can’t Resist Integrating WhatsApp; The decision to unite its empire is both an inevitable end to independence for its disparate properties, and a barrier against calls for a breakup. (Bloomberg)
  • Facebook knowingly duped game-playing kids and their parents out of money (Reveal)
  • Where Amazon Returns Go to Be Resold by Hustlers; Welcome to the abyss of the “reverse supply chain,” where hope springs eternal. (Atlantic)
  • Brands Invent New Lines for Only Amazon to Sell; Amazon gets exclusive products, while brands receive faster customer feedback, marketing support and increased sales (WSJ)
  • Startups Find It Easy To Let Alexa Speak On Their Behalf (CB)
  • DeepMind’s AlphaStar Reminds Us That AI Is Still Dependent On Human Creativity (Forbes); DeepMind AI Beats Professional Human StarCraft II Players (Forbes)
  • Why Microsoft Is the ‘Best-Positioned Firm in Tech’ (Barron’s)
  • How NVIDIA Built A Record-Breaking AI Supercomputer In Under 3 Weeks (Forbes)
  • Netflix setting bad example for China’s video streamers; Losses widen amid content arms race but platforms will struggle to retain subscribers (FT)
  • Nvidia’s “Kitchen Manipulator” Robot Uses AI To Cook Meals (ZH)

Asia Tech & Innovation Trends

  • Bytedance’s WeChat rival Duoshan hits 1 million downloads (Technode)
  • Meet the little-known Chinese Wi-Fi startup that rubs shoulders with WeChat and Alipay; The app that gives people free Wi-Fi has 800 million monthly active users worldwide (TC)
  • Fundraising by China’s startups surges to $80bn (Nikkei)
  • Lessons from the fall of China’s bike-sharing pioneer; Ofo’s young founder is banned from pricey hotels and first-class flying (Economist)

Global Tech & Innovation Trends

  • Software Stocks Can Work In Good or Bad Times (Barron’s)
  • Slack faces growing challenge from Microsoft; Stewart Butterfield, the entrepreneur who founded Slack, faces renewed competition with Microsoft’s Teams (FT)
  • Automakers may have completely overestimated how many people want electric cars (qz)
  • IPO Hopes Trigger Scramble for Shares of Top Unicorns; But transactions are hard to track and some questionable practices have arisen (WSJ)
  • Tesla Should Pull an Apple: Leave ‘Production Hell’ to Other People; The real money isn’t in building beautiful things. It’s in creating them. (WSJ)
  • Dell May Be Unloved Right Now, but Its VMware Stake Is a Silver Lining (Barron’s)
  • Humans Question Their AI-Based Future; Smart machines are now being applied to activities requiring intelligence and cognitive capabilities (WSJ)
  • Over 70 nations agree to hammer out global rules for e-commerce; China joins effort led by the US, EU and Japan despite opposing free data flow (Nikkei)
  • When do AI-related inventions merit a patent? (SCMP)
  • The myth of uber for x (II)
  • 3D Vision Enhancing Robot Opportunities (EE Times)


  • When Charlie Munger Calls, Listen and Learn (WSJ)
  • The Era of “Move Fast and Break Things” Is Over; What systemic, societal change do you aspire to create with your product? “Minimum viable products” must be replaced by “minimum virtuous products” (HBR)
  • Eugene Wei – Tech, Media, and Culture – [Invest Like the Best, EP.117] (IFG)
  • Howard Schultz Teaches You How To Be A Leader In A Crisis (Forbes)
  • Sam Altman: How To Be Successful (Sam Altman)
  • Why We Worry (and How to Stop) (Medium)
  • The 1800-year-old handbook for a “tranquil flow of life” (Medium)
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