The FTC has opened an investigation into Herbalife [Update]

The FTC has opened an investigation into Herbalife [Update]

Dan McCrum

| Mar 12 17:31 | Comment | Share

Part of the LIVING THE HERBALIFE SERIES

After we got in touch with the company to tell them we were writing this story, they halted trading and put out a statement confirming the investigation.

The Federal Trade Commission has opened a formal investigation into Herbalife, the multi-level marketing company that hedge fund manager Bill Ackman has called a pyramid scheme, according to people familiar with the situation. Read more of this post

Here’s Why A Former PayPal Exec Absolutely Hates Meetings

Here’s Why A Former PayPal Exec Absolutely Hates Meetings

JILLIAN D’ONFRO TECH  MAR. 15, 2014, 9:47 PM

In the early days of PayPal, David Sacksmanaged over 700 employees as the company’s COO.

According to an interesting Quora post, Sacks hated meetings while he was leading PayPal. Former senior executive Keith Rabois wrote that Sacks was skeptical of any meeting that included more than three or four people. He would randomly pop in on meetings, and immediately shut them down if he decided that they seemed inefficient. PayPal’s annual review forms in 2002 even rated employees on whether they avoided “imposing on others’ time, e.g. scheduling unnecessary meetings.” Read more of this post

Is the value premium a liquidity premium?

Friday, March 7, 2014

Is the value premium a liquidity premium?

JP Koning

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Is the value premium a liquidity premium?

 The “High minus low” strategy: Source

If you haven’t read Clifford Asness and John Liew’s recent article on market efficiency, you should. There’s plenty of meat in the article, but the one sinew I want to chew on is this above chart.  It shows the cumulative returns to a strategy called HML, or “high-minus-low.”  Read more of this post

An Investor’s Guide to Better Writing – Seriously

An Investor’s Guide to Better Writing — Seriously

11 MAR 2014 – VITALIY KATSENELSON

I never thought I’d be giving writing advice. I was always the worst student in my literature class in Russia. I never received a grade higher than a C on any Russian essay I ever wrote. I have a theory that my teachers got sick of reading and grading my horrible essays, so they stopped and automatically gave me a passing grade out of pity. I don’t blame them. Read more of this post

Startups Anonymous: A list of fears from the CEO of a startup in NYC

Startups Anonymous: A list of fears from the CEO of a startup in NYC

BY STARTUPS ANONYMOUS 
ON MARCH 12, 2014

[This is a weekly series that brings you raw, first-hand experiences from founders and investors in the trenches. Their story submissions are anonymous, allowing them to share openly without fear of retribution. Every Wednesday, we’ll run one new story chosen by Dana Severson, who operates StartupsAnonymous, a place for startups to share, ask questions, and  answer them in story-length posts, all anonymously.] Read more of this post

Predicting The Next IPO Wave: The Era Of The Enterprise

Predicting The Next IPO Wave: The Era Of The Enterprise

Posted 19 hours ago by Mamoon Hamid (@mamoonha)

Editor’s note: Mamoon Hamid is a General Partner at The Social+Capital Partnership. Prior to starting Social+Capital, Mamoon was a Partner at U.S. Venture Partners (USVP). 

Over the last three years, we’ve seen an increasing number of tech IPOs – many from consumer-facing companies that we’ve long known were headed for an IPO. I’m talking about Facebook, TwitterPandora, Yelp, Groupon, Zynga, etc., which most casual observers could see from a mile away. Markets tend to be swayed by sexy consumer offerings; however, we should be paying close attention to the massive shareholder value that is being created by enterprise software companies. Read more of this post

Bill Gates: It’s OK If Half Of Silicon Valley Startups Are “Silly”

Bill Gates: It’s OK If Half Of Silicon Valley Startups Are “Silly”

Posted 11 hours ago by Gregory Ferenstein (@ferenstein)

Microsoft Founder Bill Gates doesn’t worry that Silicon Valley is the home of billion-dollar texting apps and farming games. “Innovation in California is at its absolute peak right now. Sure, half of the companies are silly, and you know two-thirds of them are going to go bankrupt, but the dozen or so ideas that emerge out of that are going to be really important,” Gates told Rolling Stone, in a wide-ranging interview on government surveillance, financial inequality, immigration reform, and the cultural backlash against Silicon Valley. Read more of this post

Regulators Size Up Wall Street, With Worry; “It is not going to work if we approach it from a lawyerly standpoint. It is more like a priest-penitent relationship.”

MARCH 12, 2014, 8:51 PM  56 Comments

Regulators Size Up Wall Street, With Worry

By PETER EAVIS

Money laundering, market rigging, tax dodging, selling faulty financial products, trampling homeowner rights and rampant risk-taking — these are some of the sins that big banks have committed in recent years. Read more of this post

Sudden collapse of iron ore price casts shadow on Australian economic prospect

Sudden collapse of iron ore price casts shadow on Australian economic prospect

 

by Jeremy Zhao

CANBERRA, March 15 (Xinhua) — The Australian Bureau of Statistics (ABS) on Thursday posted the biggest monthly full-time payroll surge since 1991. Although the jobless rate held still at 6 percent, the number of full-time jobs increased by 80,500 across the country in February. This is surprisingly good data, showing that the economy is recovering and the central bank’s low interest policy has worked. Read more of this post

Accidental disruption: Max Levchin discusses how close PayPal was to never existing at all; Max Levchin: I learned to code in the Soviet Union by writing clones of Tetris and Snake.. on paper

Accidental disruption: Max Levchin discusses how close PayPal was to never existing at all

BY MICHAEL CARNEY 
ON MARCH 13, 2014

PayPal’s status as one of the most successful pre dot-com crash companies is beyond dispute. But for the billions in value that it created and the impact that it’s had in revolutionizing digital payments, it’s remarkable to consider how close the company came to never existing. Read more of this post

Is being in Asia a disadvantage for startups?

Is being in Asia a disadvantage for startups?

By J. Angelo Racoma

In some cases, it could be, although OnlinePianist CEO Nimrod Cohen advises entrepreneurs to find their strengths

Is being in Asia a disadvantage for startups? This particular argument has been raised time and again. While there are opportunities specific to the region (or any other region for that matter) that would be ripe for the picking for entrepreneurs, there are simply some industries that can prove difficult to crack. Read more of this post

Castlight Health pops 149% on its IPO despite a revenue multiple not seen since 2000

Castlight Health pops 149% on its IPO despite a revenue multiple not seen since 2000

BY MICHAEL CARNEY 
ON MARCH 14, 2014

Viewed in the context of the dozens of tech IPOs grabbing headlines from Silicon Valley and Wall Street over the last six months, Castlight Health’s public debut this morning and the overwhelmingly positive market response are hardly unique. Wall Street is remembering what it’s like to lust after high growth tech equities. But where the deal did stand out is in the valuation it commanded. Read more of this post

How Tesla Motors Inc’s electric car batteries are adding to China’s pollution woes

How Tesla Motors Inc’s electric car batteries are adding to China’s pollution woes

Elisabeth Behrmann, Bloomberg News | March 14, 2014 | Last Updated: Mar 14 1:54 PM ET
As more environmentally conscious Americans do their bit to help clear the air by paying up for an eco-friendly Prius or a sporty Tesla, a damaging form of polluted rain is falling in China. Read more of this post

How Pembina pulled off a 500% return by keeping pipelines full and building trust with First Nations

How Pembina pulled off a 500% return by keeping pipelines full and building trust with First Nations

Claudia Cattaneo | March 14, 2014 6:00 PM ET
image001-14CALGARY • Mick Dilger, president and CEO of Pembina Pipeline Corp., is the first to acknowledge that owning pipelines in energy-friendly Alberta goes a long way to making aggressive expansion a welcome event. Read more of this post

How Microsoft Office is already too late for the iPad generation

How Microsoft Office is already too late for the iPad generation

Gerry Shih and Bill Rigby, Reuters | March 14, 2014 | Last Updated: Mar 14 6:14 PM ET
SAN FRANCISCO/SEATTLE — It may be one of Microsoft Corp’s biggest squandered opportunities.

Tired of waiting for Office to be optimized for their mobile gadgets, a growing contingent of younger companies is turning to cheaper, simpler and touch-friendly apps that can perform word processing and other tasks in the cloud. Read more of this post

How to build a tribe and attract ‘supercustomers’: Vinomofo co-founder Andre Eikmeier

How to build a tribe and attract ‘supercustomers’: Vinomofo co-founder Andre Eikmeier

Published 14 March 2014 13:00, Updated 14 March 2014 21:27

Andre Eikmeier

I’m not a fan of mission statements, but I’m a big fan of missions.

What’s the difference? Authenticity, usually. One’s the creation of the marketing department, and one is the reason someone gets up in the morning and goes in to battle with a smile on their face. Read more of this post

Questions remain about the enforcement and strength of Australia’s insider trading laws. Insider trading laws in spotlight again after rise in Leighton shares before Hochtief takeover bid

Insider trading laws in spotlight again after rise in Leighton shares before Hochtief takeover bid

March 15, 2014

Georgia Wilkins

The startling ramp-up in Leighton Holdings’ share price last week – ahead of Hochtief’s takeover move on Monday – is just the latest in a series of events that have sparked questions about the enforcement and strength of Australia’s insider trading laws. Read more of this post

Important Life Lessons: What’s The Most Important Life Lesson Older People Feel You Must Know?

APRIL 12, 2013 by ERIC BARKER

Important Life Lessons: What’s The Most Important Life Lesson Older People Feel You Must Know?

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Yes, older people are agreed on the most important life lessons they want to pass on.

Karl Pillemer of Cornell University interviewed nearly 1500 people age 70 to 100+ for his book “30 Lessons for Living: Tried and True Advice from the Wisest Americans.” He asked them what life lessons they’d pass on. Read more of this post

Why companies shouldn’t focus on hires who will hit the ground running

Why companies shouldn’t focus on hires who will hit the ground running

By Max Nisen @MaxNisen March 14, 2014

“The thing that you start to hear as you get bigger, when someone talks about a candidate they want to hire, they often start talking about how they’re excited because this person will hit the ground running,” LinkedIn’s Dan Shapero tells Quartz. “And hitting the ground running is a very short-term benefit.” Read more of this post

Bill Gates says the success rate on venture capital is “pathetic” compared to development

Bill Gates says the success rate on venture capital is “pathetic” compared to development

By Max Nisen @MaxNisen March 14, 2014

Bill Gates is the richest man in the world and one of its biggest philanthropist. In a recent interview with Rolling Stone, Gates was critical of what he sees as a double standard when it comes to development. Read more of this post

Avian flu nears Seoul for first time

Avian flu nears Seoul for first time

‘The virus is known to be not infectious within species [other than birds].’

Mar 15,2014

Avian influenza continues to pose a considerable threat to Korea.
The AI virus in the carcass of a wild goose found this week on Cheonggye Mountain in Gwacheon, Gyeonggi, was confirmed yesterday to be a highly pathogenic strain, putting the capital city in its range for the first time. Read more of this post

The Science of ‘Paying It Forward’: How generosity among strangers becomes socially contagious

The Science of ‘Paying It Forward’

MARCH 14, 2014

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By MILENA TSVETKOVA andMICHAEL MACY

ONE morning in December of 2012, at the drive-through window of a Tim Hortons coffee shop in Winnipeg, Manitoba, a customer paid for her order and then picked up the tab for the stranger in the car behind her in line. Then that customer paid the bill for the following customer in line — and so on, for the next 226 customers, in a three-hour sequence of spontaneous generosity. Read more of this post

Work Like a German: Germany emerged from recession with lower unemployment. We could learn from that

Work Like a German

By GLENN HUTCHINSMARCH 14, 2014

SOME of our workplace programs, like Unemployment Insurance and Disability Insurance, parts of which date from the 1930s, desperately need updating. The original designers did not envisage such large numbers of people unemployed for long periods of time or living on disability benefits. If we could convert these programs into ladders of upward mobility, they would disproportionately benefit the disadvantaged, as well as strengthen the economy. We need to focus on enabling workers to stay in work — rather than having to compensate them after they have lost their jobs. Read more of this post

China’s Online Goliaths Prepare Public Offerings in U.S.

MARCH 14, 2014, 1:42 PM  1 Comments

China’s Online Goliaths Prepare Public Offerings in U.S.

By MICHAEL J. DE LA MERCED

Updated, 7:38 p.m. | The Chinese Internet industry is coming of age, as some of its biggest players prepare to start new chapters as publicly traded companies — in the United States. Read more of this post

3 Ways To Get More Out Of Every Single Hour

3/14/2014 @ 9:42AM |9,007 views

3 Ways To Get More Out Of Every Single Hour

“Lost time is never found again.” —Benjamin Franklin

Time is a key resource that we simply cannot replenish. The 24 hours of each day are all we are given—once spent, these hours are lost forever. This means that if you’re struggling to fit all of your priorities and “to-dos” into your day, it’s time to look for methods to use those hours and minutes more effectively. Read more of this post

Tangle Teezer hairbrush’s Shaun Pulfrey: My breakthrough moment in China

My breakthrough moment in China

Shaun Pulfrey always had grand ambitions for his Tangle Teezer hairbrush. Six years on he is now exporting across Europe and into Asia. He shares his experience

Shaun Pulfrey

Guardian Professional, Friday 14 March 2014 15.25 GMT

Great Britain has always been an exporting nation. However, the economic challenges of recent years have meant that many small businesses have concentrated on day-to-day survival, rather than ambitious plans for global growth. But, there has never been a better time for these firms to shift their focus from the risks of export to the potential rewards it can bring. Read more of this post

Gauge Which Activities Aren’t in Sync with Your Strategy

Gauge Which Activities Aren’t in Sync with Your Strategy

by Nick Chipman  |   10:00 AM March 14, 2014

Take this brief assessment for feedback on how to improve strategic alignment in eight key areas.

Most organizational leaders struggle to align day-to-day activities with strategy, even though they know it’s important to do. Almost 80% of the more than 1,200 senior executives recently surveyed by PricewaterhouseCoopers believe that their organizations have the right strategic intent — but only 54% think they’re executing that strategy well. Read more of this post

At The Zee Group, Son Punit Has Taken the Baton From Subhash Chandra

At The Zee Group, Son Punit Has Taken the Baton From Subhash Chandra

by Deepak Ajwani | Mar 14, 2014

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Following in Subhash Chandra’s enterprising footsteps will not be easy, but Punit Goenka seems to have learned enough from his father to lead Zee TV in the right direction Read more of this post

What Makes Marwaris Thrive in Finance; A strong head for numbers and an instinct for trading have helped the Marwaris thrive in the financial industry

What Makes Marwaris Thrive in Finance

by Cuckoo Paul | Mar 15, 2014

A strong head for numbers and an instinct for trading have helped the Marwaris thrive in the financial industry, says Vimal Bhandari

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Vimal Bhandari, CEO and managing director of Indostar Capital Finance, a wholesale credit institution, has been a part of the Indian financial industry for over a quarter-century. Bhandari has headed the financial services business of IL&FS Ltd for close to 17 years; he was, later, country head of Dutch life insurance and pension company AEGON NV in India. Read more of this post

Asking Whether Leaders Are Born or Made Is the Wrong Question; differentiate between leadership effectiveness (performance as a leader) and leadership emergence (being tapped for a leadership role)

Asking Whether Leaders Are Born or Made Is the Wrong Question

by Connson Chou Locke  |   9:00 AM March 14, 2014

Are leaders born or made?  When I pose this question to executives or HR professionals, the vast majority say that leaders are made; that is, leadership is something one can learn. Yet researchers have found traits, such as extraversion and intelligence, which differentiate leaders from others.  This seems to imply that we can identify future leaders by looking at their traits – but we must be cautious when drawing such conclusions. Read more of this post