Aswath Damodaran on Rebirth and Reincarnation: Escaping the corporate death spiral

Friday, September 27, 2013

Rebirth and Reincarnation: Escaping the corporate death spiral

Aswath Damodaran

The Chinese saying ( 生, 老, 病, 死 = you are born, get old, get sick and die) that I quoted in my last post may be realistic, but it is not exactly an uplifting calling for life and it is no wonder that you look for an escape from its strictures. One option that almost every religion offers is the possibility of an afterlife, cleverly tied to how closely you follow that religon’s edicts. For corporations approaching the end stages of their life cycle, this option is a non-starter, since there is no corporate heaven (unless you count starring in a Harvard case study or in a TV show as heavenly) or hell (though bankruptcy court comes awfully close). The other option is the possibility of a rebirth or reincarnation, in a different life, if you are Shirley Maclaine, or in the same life, if you manage to redefine yourself. After all, we are uplifted by stories of people who having experienced that rebirth; athletes who transition to successful business people (Magic Johnson) or actors who become presidents (Ronald Reagan). On this count, corporations have an advantage over individuals since they are legal entities that can reinvent themselves, while holding on to their corporate identities.  Read more of this post

Aswath Damodaran on The Brand Name Advantage: Valuable, Sustainable and Elusive

Tuesday, October 1, 2013

The Brand Name Advantage: Valuable, Sustainable and Elusive

The Interbrand rankings of the top brand names in the world are out. As always, they have created buzz in the financial press, with the big news story being the displacement of Coca Cola from its perennial number one spot and the rise of technology companies (Apple and Google have the first two spots and there are four other tech companies in the top ten) in the rankings. Here is the listing of the top ten brand names from 2012 and 2013:

topbrandnames

Interbrand, in addition to ranking the brands, also provides estimates of value with Apple’s brand name value estimated at $98.3 billion and Coca Cola’s at $79.2 billion. Read more of this post

The oft-forgotten basics of negotiation; The process involves more than sitting down and discussing the issues

October 1, 2013 5:05 pm

The oft-forgotten basics of negotiation

By John Kay

The process involves more than sitting down and discussing the issues

Fifty years ago, the economist Thomas Schelling applied the new mathematical tools of game theory in fields ranging from everyday disagreements to international politics. Prof Schelling’s work was inspiration for Stanley Kubrick’s Dr Strangelove. It won him a Nobel Prize in 2005. Negotiation over divisive issues has never seemed so central to news events. A Democratic president is engaged in repeated budget confrontations with a Republican House of Representatives. The international community struggles to address Syria. And I have been thinking how, if Scotland were to vote for independence, the process of negotiation would unfold. Read more of this post

GoPro’s Newest Ad Shows The Most Stunning Self-Shot Imagery In Extreme Sports

GoPro’s Newest Ad Shows The Most Stunning Self-Shot Imagery In Extreme Sports

GEOFFREY INGERSOLL OCT. 1, 2013, 10:39 AM 13,451 3

The military’s favorite durable little camera just got smaller, faster and stronger. The Hero3 provides a wider angle and crisper image, at a 20 percent reduction in size and weight. The new ad going with it is nothing short of stunning.

Beijing hospital patient dies after nurse gives wrong IV drip

Beijing hospital patient dies after nurse gives wrong IV drip

20130928_wrongiv_internet

Monday, Sep 30, 2013
YourHealth, AsiaOne

According to local reports, a man from Henan suffered an adverse reaction after receiving a bottle of intravenous drip (IV) and later died later in the hospital. NetEase reported that Wang Huali, 65, had undergone an operation at Tiantan hospital. His eldest daughter Wang Yun told reporters that 12 days after the operation, her father was recovering well in hospital. Read more of this post

This Crazy Toothbrush, Created With A 3D Printer, Will Clean Your Teeth In 6 Seconds

This Crazy Toothbrush, Created With A 3D Printer, Will Clean Your Teeth In 6 Seconds

CAROLINE MOSS OCT. 1, 2013, 9:51 AM 9,514 7

With the advent of 3D printing and 3D scanning comes a new way to brush your teeth. Blizzident, shaped exactly like your teeth, is what Quartz has labled “the world’s craziest toothbrush.” If you didn’t have time for the suggested three minutes to clean your chompers after meals, never fear; Blizzident completes the task in just six seconds. To tailor the brush to a person’s mouth, dentists take a digital scan of the teeth and the scan is then used to determine the optimal placement of the bristles by simulating biting and chewing movements. The bristles resemble normal toothbrush bristles. Then 3D printing is used to create the brush itself. The toothbrush currently costs $300 and lasts up to one year.

Relaxation Drinks: The Opposite of Energy Drinks

October 1, 2013, 7:02 p.m. ET

Relaxation Drinks: The Opposite of Energy Drinks

A Group of Beverages Claim to Let People Take Things Down a Notch

SARAH NASSAUER

PJ-BQ844_MELLOW_DV_20131001184307

Can relaxation, a good night’s sleep or happiness come from a lightly-carbonated, berry-flavored beverage sold in the soda aisle? Sarah Nassauer joins Lunch Break with a look at the latest mellow sips. Photo: F. Martin Ramin for The Wall Street Journal. Just Chill has L-theanine, an amino acid found in tea, and comes in beach-themed flavors: Tropical, Jamaican Citrus and Rio Berry

Can relaxation, a good night’s sleep or happiness come from a lightly carbonated, berry-flavored beverage? Amid booming sales of energy drinks spiked with caffeine and other stimulating ingredients, some people are heading to the soda aisle for drinks that promise the opposite effect. With names like Neuro Bliss, Marley’s Mellow Mood (as in Bob), and Just Chill, the products aren’t marketed as medicine, but as a way to relax without turning to more traditional, if sometimes imperfect, measures like taking prescription drugs or having a few beers. Read more of this post

London Is Special, but Not That Special; For London to have its own exclusive immigration policy would exacerbate the sense that immigration benefits only certain groups and disadvantages the rest

September 28, 2013

London Is Special, but Not That Special

By KENAN MALIK

LONDON — NOT so long ago there was a beer commercial on British TV in which two pointy-headed aliens order a pint in a rural pub. “Up from London, are we?” the barman asks politely. If the rest of Britain often views London as a planet from outer space, Londoners often view other Britons as beings trapped in a previous century. “London seems no longer part of Britain — in my view, a dreary, narrow place full of fields, boarded-up shops and cities trying to imitate London — but has developed into a semi-independent city-state.” So says Adam, a character in “The Body,” a novel by Hanif Kureishi — one of the sharpest contemporary observers of London life. Read more of this post

Economies of Unscale: Why Business Has Never Been Easier for the Little Guy

Economies of Unscale: Why Business Has Never Been Easier for the Little Guy

by Hemant Taneja  |   11:00 AM October 1, 2013

The American worker just can’t seem to get a break. Automation is wiping out whole job categories, from cashiers to machine-builders, while pressures from globalization, trade, and new Internet-driven business models have disrupted industries and displaced hundreds of thousands of workers.  And the prescribed solution — education — is becoming increasingly unaffordable for most Americans. Read more of this post

If you look at all the companies which are very well-known for being innovative, the common element among them is a strong culture of innovation and getting everyone involved in the process

Live in the future, not in the present

Singapore ranked second in the World Economic Forum’s Global Competitiveness Report this year, its outstanding rating across markers like education, financial market development, infrastructure and labour market efficiency placing it just below Switzerland. The island-state, however, suffered a slight bump in one area described by observers as its “Achilles heel” — innovation.

BY VALERIO NANNINI –

1 HOUR 53 MIN AGO

Singapore ranked second in the World Economic Forum’s Global Competitiveness Report this year, its outstanding rating across markers like education, financial market development, infrastructure and labour market efficiency placing it just below Switzerland. The island-state, however, suffered a slight bump in one area described by observers as its “Achilles heel” — innovation. Read more of this post

Hunger is good discipline

2013-10-01 17:06

Hunger is good discipline

Kwon Bong-woon 
Ernest Miller Hemingway (1899-1961) started his memoir “A Moveable Feast” in Cuba in the autumn of 1957. He finished the book there in the spring of 1960. He recalls his time in Paris in the 1920s, beginning his writer’s life as a poor man. He described himself as a man who wanted to know how to live in the world. It seems part of the process was learning how to live in the special circumstances of his world. In those days he was too poor to go to restaurants. He would take countless walks in the Luxembourg Garden to avoid having to look at tempting eateries. Everyone could always go into the Luxembourg Museum, and there saw all the paintings sharpened and clearer and more beautiful if he were belly-empty, hollow-hungry. Hunger is healthy and the pictures do look better when you are hungry. Your hunger is contained but all of your perceptions are heightened again. Therefore hunger is a good discipline. It is necessary to handle yourself better when you have to cut down on food so you will not think too much about hunger. In a very simple story called “Soldier’s Home,” Hemingway had omitted five places of battles being fought in the story. This was omitted under his new theory that you could delete anything if you knew that in doing so the omitted part would strengthen the story and make people feel something more than they understood. If the writer is writing truthfully enough, readers will get a feeling of those things as strongly as though the writer had stated them. The dignity of movement of an iceberg is due to only one-eighths of it being above water. There is yet another kind of hunger an artist needs. That is the theory of omission stemming from his profound knowledge and wide experience. Omission, then, is a kind of hunger too, a corner of emptiness that staves off the dullness of surfeit. You can’t afford to eat regularly. Hemingway’s theory of omission is one of the cores of his literary assets. Hemingway celebrated the memory of hunger as an appetite for fullness both of sense and of spirit. Eating and drinking with friends who understood the multiple implications of hunger made for an almost ritualistic love feast. What Hemingway learned with pride and recorded throughout “A Moveable Feast,” was that an aesthetic hunger also was healthy, and he craved to control his art. However, as a young writer, he was keenly aware of what he had to learn. With a strong hunger for foreign languages, he mastered an effective knowledge of French, Spanish and Italian. For him work could cure almost anything. What he had to do was work. Work was the best therapy. He once said the hardest thing to do is to write straight honest prose about human beings. First you have to know the subject, then you have to know how to write and both took him a lifetime to learn. If one writes them truthfully enough, he will have the economic implication a book can hold. A true work of art endures forever, no matter the politics. Art, the art of writing, is virtually Hemingway’s religion. 
The writer works for a company in Seoul. His email address is youngogi76@naver.com

Space Burials at $1,990 Give Aging Japan Cheaper Funeral Option

Space Burials at $1,990 Give Aging Japan Cheaper Funeral Option

Burial options in Japan are expanding beyond the traditional Buddhist ceremony. You can now send a loved one’s ashes into space. Closely held Elysium Space Inc. is offering a service in Japan to send a portion of a person’s cremated remains in a capsule that will circle the earth for several months for $1,990. Relatives and friends can track the spacecraft’s trajectory on a mobile phone app. Like a meteorite, the remains disintegrate upon entering the earth’s atmosphere, “blazing as a shooting star,” according to a company statement. About one gram of a person’s remains are placed into an individual “space-grade” aluminum capsule, Benjamin Joffe, a spokesman for the company said in an e-mail. Missions will carry between 100 to 400 individual capsules, he said. The service will give a new option for Japanese looking to reduce the size and expense of funerals as relatives become fewer and traditional ties weaken in one of the world’s fastest aging societies. The cost of a renting a burial plot and buying a tomb stone in Tokyo is about 2.7 million yen ($27,400), according to Japan Institute of Life Insurance. The market for funeral services in Japan rose 0.7 percent to 1.3 trillion yen in the year ended March 2010 from a year earlier as the number of aged Japanese increased, according to the marketing and credit research firm Teikoku Databank Ltd. based in Tokyo. Elysium Space began taking U.S. space burial reservations in the U.S. in August. The San Francisco company’s first launch is scheduled for next summer.

To contact the reporter on this story: Kanoko Matsuyama in Tokyo at kmatsuyama2@bloomberg.net

David, Goliath and the appeal of the underdog: A Q&A with Malcolm Gladwell on this often-misunderstood story

David, Goliath and the appeal of the underdog: A Q&A with Malcolm Gladwell on this often-misunderstood story

Posted by: Kate Torgovnick
September 30, 2013 at 12:22 pm EDT

For 3000 years, the story of David and Goliath has seeped into our cultural consciousness. This is generally how the tale is told: a young shepherd does battle with a giant warrior and, using nothing but a slingshot, comes out victorious. But is this really what the Bible describes? In today’s talk, Malcolm Gladwell — whose new book is titled David and Goliath: Underdogs, Misfits and the Art of Battling Giants — takes a closer look at this classic story, digging into the details which are easily lost on a modern audience. Overall, he asks: was David really the underdog in this fight? It all begins with a closer look at that sling (which is not the toy slingshot we might picture), and at the five rocks David picked up to use in it. “The term ‘David and Goliath’ has entered our language as a metaphor for improbable victories by some weak party over someone far stronger,” says Gladwell in this talk. “Everything I thought I knew about that story turned out to be wrong.” Fascinated to hear more, the TED Blog called Gladwell to unravel why the underdog story has such resonance and why rethinking David and Goliath is important now. (As a bonus, we also asked him what pasta sauce he prefers.) An edited transcript of the conversation follows. Read more of this post

Toyoda’s legacy goes well beyond the lean: The innovator who led Toyota insisted that people were as important as the production system

September 30, 2013 5:17 pm

Toyoda’s legacy goes well beyond the lean

By Andrew Hill

The innovator who led Toyota insisted that people were as important as the production system

Eiji Toyoda was the man who taught the world’s production workers Japanese. If you know kaizen means continuous improvement, and use kanban inventory tags to eliminate muda, or waste, then Toyoda, who died recently, was your sensei. The Toyota Production System he championed as head of the carmaker in the 1970s and 1980s, traces its roots to a fail-safe device devised by Toyoda’s uncle to cope with thread breaks on mechanical looms. Multinationals have since turned its efficiency methods – “lean” production, just-in-time supply chains and outsourcing – into a habit that is woven through the fabric of global production. However, in future, Toyoda’s insights into the power of human initiative will be more relevant. Read more of this post

Amanco Brazil identified unmet needs; The Latin American pipe manufacturer challenged a market-leading brand

September 30, 2013 5:00 pm

Amanco Brazil identified unmet needs

By Paulo Rocha e Oliveira

The story. In early 2006, Amanco was Latin America’s leading manufacturer of pipes and fittings for water management systems. But in Brazil, despite a decade or so of operating there, Amanco was losing money. Grupo Nueva, Amanco’s Swiss owner, was preparing the company for an initial public offering and needed the balance sheet to be spotless. Roberto Salas, Amanco’s chief executive, had to decide on a strategy to turn things round. Should he propose selling the Brazilian subsidiary or present a plan for how to increase its 16 per cent market share? Staying in Brazil meant either competing on price (and lowering shareholder expectations), or developing a branded strategy to take on Tigre Tubos e Conexoes, which accounted for 61 per cent of sales in Brazil and had proved resilient to challengers. Read more of this post

Warren Buffett’s Fourth Tweet Ever Was About ‘Breaking Bad’: “Not even the Oracle knows what will happen tonight”

Warren Buffett’s Fourth Tweet Ever Was About ‘Breaking Bad’

SAM RO SEP. 30, 2013, 7:48 AM 10,613 4

Billionaire investing legend Warren Buffett is a fan of AMC’s “Breaking Bad.” In fact, his fourth Tweet ever came two minutes into Sunday night’s series finale. “Not even the Oracle knows what will happen tonight,” he said. He even dressed up for the part.

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Caveman cuisine at the office: Stressed executives are resorting to the diet of their ancestors to deal with the modern world

September 30, 2013 5:59 pm

Caveman cuisine at the office

By Charles Wallace

Dan Benjamin is an entrepreneur whose business is at the cutting edge of the US’s technology and online media industries. Yet when he began experiencing a host of unexplained allergies, high cholesterol and hypoglycaemia, he ignored his doctor’s advice and put his family on a diet likely to have been eaten by his hunter-gatherer ancestors 100,000 years ago.

Read more of this post

The Intriguing Health Benefits of Qigong; The ancient Chinese practice shows promise in helping ease hypertension and depression

September 30, 2013, 6:52 p.m. ET

The Intriguing Health Benefits of Qigong

The ancient Chinese practice shows promise in helping ease hypertension and depression

LAURA JOHANNES

The Claim: Qigong, a Chinese health practice based on gentle movements, meditation and breathing, has wide-ranging benefits, including improving balance, lowering blood pressure and even easing depression.

The Verdict: Increasingly popular in the U.S., qigong (pronounced chee-gong) has been found in recent studies to improve quality of life in cancer patients and fight depression. Other studies have found improvements in balance and blood pressure. But so far, there aren’t enough large, well-designed studies to constitute solid proof of any benefits, scientists say. Read more of this post

Japan’s luxury fruit masters grow money on trees

Japan’s luxury fruit masters grow money on trees

grapes_afp2

Monday, September 30, 2013 – 12:03

AFP

TOKYO – With melons that sell for the price of a new car and grapes that go for more than US$100 (S$125) a pop, Japan is a country where perfectly-formed fruit can fetch a fortune. An industry of fruit boutiques has defied Japan’s sluggish economy to consistently offer luscious and lavishly tended produce for hefty prices – and it is always in demand. In July, a single bunch of “Ruby Roman” grapes reportedly sold for 400,000 yen (S$5,100), making the plump, crimson berries worth a staggering 11,000 yen each. Every May, a pair of canteloupe melons grown in the north of Hokkaido is auctioned off. They regularly fetch the price of a modest new car. The hammer fell on this year’s pair at a cool 1.6 million yen. Read more of this post

Ngiam Tong Dow: On healthcare, F1 and politicians

On healthcare, F1 and politicians

What’s the challenge for Singapore as a medical hub? Is the F1 a “frivolous” use of taxpayers’ money? What do today’s younger politicians lack?

BY –

3 HOURS 28 MIN AGO

What’s the challenge for Singapore as a medical hub? Is the F1 a “frivolous” use of taxpayers’ money? What do today’s younger politicians lack? Outspoken former top civil servant Ngiam Tong Dow served as Permanent Secretary in the Prime Minister’s Office under Mr Lee Kuan Yew, as well as in various other ministries. As Chairman, concurrently, of the Economic Development Board, he had, in the 1980s, championed the idea of developing Singapore as an international medical centre to tap the region’s growing middle-class market. In line with that vision, medical school enrolment was increased. These are edited excerpts of a wide-ranging interview with Dr Toh Han Chong, Editor of SMA News, published in the September issue of the Singapore Medical Association’s newsletter. Read more of this post

Lessons from fallen financial idols

Lessons from fallen financial idols

Tuesday, Oct 01, 2013

Goh Eng Yeow

The Straits Times

As a financial writer who tries to help readers to understand the intricacies of the stock market, I have often turned to the folksy quotes of investment guru Warren Buffett to make my point. But let’s face it, most of us are not likely to have the patience to buy a stock and then hold it for decades like Mr Buffett. The likelihood is that if we make a decent profit on our investment, we will take the windfall and use the money to reinvest somewhere else. Read more of this post

Only Finland’s best become teachers

Only Finland’s best become teachers

Monday, September 30, 2013 – 17:09

Sandra Davie

The Straits Times

Some top scholars in Singapore would find it an unconventional career path but Finnish high-scorers Aurora Ojamaki, 21, and Aleksi Lindberg, 23, chose teaching over law. They graduated among the top 10 per cent of their cohort in high school, and could have easily gone on to law school. Instead, both applied several times before landing a place in a teacher-education degree course at Helsinki University, one of eight universities in Finland offering such a course of study. Ms Ojamaki said: “The first year I applied for a place in law, I got it but I turned it down as in my heart I wanted to become a teacher.” Read more of this post

The Vatican bank will publish a detailed annual report for the first time in its history today as it seeks to improve financial transparency after several corruption scandals

Vatican Bank to Publish 2012 Annual Report in Transparency Drive

The Vatican bank will publish a detailed annual report for the first time in its history today as it seeks to improve financial transparency after several corruption scandals. The bank, formally called the Institute for Works of Religion, or IOR, will release its 2012 full report at about 8 a.m. Rome time, giving a breakdown of its balance sheet and income statement. The Vatican bank earlier this year reported 2012 profit more than quadrupled to 86.6 million euros ($117 million), according to its website. Read more of this post

Want more energy? Skip the coffee, and call your mom instead. If your tank is running low, it’s time for a mircoburst

WANT MORE ENERGY? SKIP THE COFFEE, AND CALL YOUR MOM INSTEAD

IF YOUR TANK IS RUNNING LOW, IT’S TIME FOR A “MICROBURST”–A LESSON LEARNED FROM TENNIS THAT PACKS A BIG ENERGY PAYOFF INTO A SMALL ACTIVITY.

BY: LAURA VANDERKAM

We have plenty of time for the things that matter to us. If we work 50 hours a week, it shouldn’t be hard to find five of those hours to invest in activities that would nurture our careers and grow our organizations. The problem is that in the midst of back-to-back meetings and email firefights, we often lack the energy to do these meaningful things that would make us more productive. So how do we get more energy? The answer may be, in part, the long frowned-upon practice of making personal phone calls from work.

PHYSICAL ACTIVITY ISN’T THE ONLY THING THAT BOOSTS ENERGY. INTERACTING WITH PEOPLE IS ALSO ENERGIZING, THOUGH IT HAS TO BE THE RIGHT PEOPLE. Read more of this post

Your mutual fund may be mispriced; How ‘alternative investments’ can add to valuation risk

Sept. 30, 2013, 9:47 a.m. EDT

Your mutual fund may be mispriced

How ‘alternative investments’ can add to valuation risk

By Chuck Jaffe, MarketWatch

One of the dirty little secrets of the investment industry is that on any given day, there’s a good chance that your mutual fund is mispriced.

It’s probably not off by much—tiny fractions of a penny, maybe–and the error isn’t likely to affect anyone who doesn’t sell the fund during a day when pricing is inaccurate, but every now and again, the values get way off-kilter. When that happens to funds, bad things happen to shareholders. For proof, consider a survey of fund directors just released by Deloitte, which focused on “fair-value pricing” and showed that three-quarters of fund firms changed their procedures and processes for fair-value pricing of fund investments. Read more of this post

Samsung heir apparent Lee Jae-yong faces tough investor test

September 30, 2013 12:16 pm

Samsung heir apparent Lee Jae-yong faces tough investor test

By Simon Mundy in Hong Kong

lee-father-son

Lee Jae-yong, probable heir apparent of Samsung Electronics

South Koreans sometimes remark that Samsung’s founding clan is the closest thing they have to a royal family. So when the patriarch Lee Kun-hee last year promoted his only son to the vice-chairmanship of Samsung Electronics, it heightened anticipation of a forthcoming dynastic succession. In the nearly 26 years since Mr Lee succeeded his own father as chairman of Samsung, the steely, private billionaire has overseen the group’s rise to become one of the world’s most powerful conglomerates, with interests ranging from construction to life assurance. Read more of this post

Zhang Ying, the wife of Alibaba founder Jack Ma; “Ma Yun is not a handsome man, but I fell for him because he can do a lot of things handsome men cannot do”

Zhang Ying, the wife of Alibaba founder Jack Ma

Staff Reporter

2013-09-30

Zhang Ying-162034_copy1

Zhang Ying is the wife of Ma Yun, the billionaire founder and former chairman of Chinese internet giant Alibaba.

Zhang met Ma at the Hangzhou Teacher’s Institute, now known as Hangzhou Normal University, when the two were students. The couple married shortly after graduating in the late 1980s and both began working as teachers. “Ma Yun is not a handsome man, but I fell for him because he can do a lot of things handsome men cannot do,” Zhang said. Despite being named as one of the 10 best young teachers in Hangzhou, Ma decided to quit his job and open his own translation company. In 1995, Ma started China Yellowpages, widely believed to be one of China’s first internet-based company, before setting up Alibaba, China’s first business-to-business commerce website, in 1999, along with 16 other partners. Read more of this post

India seeks to regulate its booming ‘rent-a-womb’ industry

India seeks to regulate its booming ‘rent-a-womb’ industry

1:01pm EDT

By Nita Bhalla and Mansi Thapliyal

ANAND, India, Sept 30 (Thomson Reuters Foundation) – Dressed in a green surgical gown and cap, British restaurateur Rekha Patel cradled her newborn daughter at the Akanksha clinic in northwestern India as her husband Daniel smiled warmly, peering in through a glass door. “I can’t believe we have our own child at last,” said Patel, 42, gazing in wonderment at five-day-old Gabrielle. “We are really grateful to our surrogate mother who managed to get pregnant and kept our little daughter healthy. She gave nine months of her life to give us a child.” Read more of this post

Pesticide ban cuts South Korea’s high suicide rate – a bit

Pesticide ban cuts South Korea’s high suicide rate – a bit

3:13am EDT

By Ju-min Park

SEOUL (Reuters) – Jang Chang-yoon was drunk and weepy one rainy night, troubled by debts from his divorce. On a dark impulse, the South Korean waiter bought a bottle of pesticide to end it all with a few toxic swigs. At the last minute, he changed his mind when his young daughter grabbed his arm and begged him: “Daddy, don’t die.” Unlike Jang, many people do not pull back from the brink in South Korea, which has had the highest suicide rate in the developed world for nine straight years, often drinking pesticide as their way out. But a decade after Jang’s brush with death, a ban on fatal pesticides is credited with cutting the number of suicides by 11 percent last year, the first drop in six years. The government restricted production of Gramoxone, a herbicide linked to suicides, in 2011 and outlawed its sale and storage last year. Read more of this post

Why Market Leadership ≠ Wide Moat? Insights from Down Under (Bamboo Innovator Insight)

The following article is extracted from the Bamboo Innovator Insight weekly column blog related to the context and thought leadership behind the stock idea generation process of Asian wide-moat businesses that are featured in the monthly entitled The Moat Report Asia. Fellow value investors get to go behind the scene to learn thought-provoking timely insights on key macro and industry trends in Asia, as well as benefit from the occasional discussion of potential red flags, misgovernance or fraud-detection trails ahead of time to enhance the critical-thinking skill about the myriad pitfalls of investing in Asia at the microstructure- and firm-level.

Makret Leadership Down Under