R.E.S.-ilience in Value Creation 《竹经：经商经世离不得立根创新》
May 22, 2014 Leave a comment
Pressure builds on Thai Senate as crisis drags on
6:31am EDT
BANGKOK (Reuters) – Thailand’s Senate was meeting on Tuesday to try to find a solution to protracted political turmoil, with both sides putting pressure on the only legislative assembly still functioning in the polarized country. Read more of this post
May 22, 2014 Leave a comment
Fighting fakes: ahead of IPO, Alibaba takes a tougher line
6:05am EDT
By Paul Carsten and Deepa Seetharaman
BEIJING/SAN FRANCISCO (Reuters) – Alibaba is taking a tougher line against counterfeit items sold on its online marketplaces as the Chinese e-commerce giant heads towards a U.S. stock listing that could be the world’s biggest technology company IPO. Read more of this post
May 22, 2014 Leave a comment
It’s Activists, Not Buffett, Who Can Change Corporate America
MAY 12, 2014, 9:30 AM 16 Comments
Anthony Scaramucci is founder and co-managing partner of SkyBridge Capital, a global asset management firm with about $10.5 billion in assets under management and advisement as of March 31. Read more of this post
May 22, 2014 Leave a comment
E-commerce edge helps British retailers expand abroad
4:41am EDT
By Emma Thomasson and James Davey
BERLIN/PARIS (Reuters) – Marks & Spencer Plc is making a new push to expand abroad, hoping e-commerce will give Britain’s biggest clothing retailer a better chance to succeed than earlier attempts to enter new markets. Read more of this post
May 22, 2014 Leave a comment
BlackBerry aims to reverse emerging market slump with budget handset
5:41am EDT
By Randy Fabi and Euan Rocha
JAKARTA/TORONTO (Reuters) – BlackBerry Ltd launched a low-cost touchscreen device in Jakarta, the Z3, as the embattled smartphone maker looks to revive sales in emerging markets like Indonesia where its once-fervent following has shriveled. Read more of this post
May 22, 2014 Leave a comment
EPIC FAILS OF THE STARTUP WORLD
by James SurowieckiMAY 19, 2014
We live in the age of the startup. It’s never been easier to build a product and start a company. And, thanks to the boom in angel investing and crowdfunding, it’s never been easier for startups to raise money. The analytics firm CB Insights logged more than seventeen hundred seed-investment deals in the U.S. tech industry in 2012, more than three times the number from three years earlier. But there’s a catch: starting a company may be easier, but making it a success isn’t. Competition is fierce, profits are scarce, and venture capitalists aren’t generous when it comes to later stages of funding. As Gideon Lewis-Kraus shows in “No Exit,” a new Kindle Single about startup culture, the life of a new company is often brutish and short. Though we may be seeing a “Cambrian explosion” of new companies, as The Economist recently put it, there’s a mass extinction going on, too. Read more of this post
May 22, 2014 Leave a comment
Michael Gerson: Americans’ aversion to science carries a high price
By Michael Gerson, Tuesday, May 13, 7:45 AM
Americans have something of a science problem. They swallow, for example, about $28 billion worth of vitamins each year, even though the Annals of Internal Medicine recently concluded that “[m]ost supplements do not prevent chronic disease or death, their use is not justified, and they should be avoided.” Americans often fear swallowing genetically modified plants (and Vermont recently required labeling of food containing genetically modified organisms, known as GMOs), though GMOs have “been consumed by hundreds of millions of people across the world for more than 15 years, with no reported ill effects,” according to theJournal of the Royal Society of Medicine. Read more of this post
May 22, 2014 Leave a comment
A Brave New World for Bond Investors
28 APR 2014 – JULIE SEGAL
It’s easy to get William Eigen III riled. Just ask him how fixed-income managers are rethinking their approach to investing now that a 30-plus-year bull market in bonds is not only coming to a close but will likely go down in economic history as a freak occurrence. Eigen, a longtime bond manager who is part owner of an auto service shop and restores American muscle cars like Camaros and Challengers, says most of his peers are stubbornly sticking with what’s worked for three decades. He believes that managers instead need to start using a mix of traditional and hedge fund techniques to make sure investors continue to get what they’ve always expected from fixed income: capital preservation, diversification and income. Read more of this post
May 22, 2014 Leave a comment
2014 Money Masters: Profiting in a Slow-Growth Economy
The winners of our fifth annual U.S. Investment Management Awards have an uncanny ability to make money regardless of the strength of the economy. Read more of this post
May 22, 2014 Leave a comment
AT&T could become a television giant, too, with a $50 billion DirecTV merger
By Brian Fung Updated: May 12 at 6:22 pm
The rumors keep escalating. AT&T might be willing to pay $100 a share to acquire DirecTV, one of the nation’s few satellite TV operators, according to Bloomberg. The deal would amount to about $50 billion. Read more of this post
May 21, 2014 Leave a comment
Crony Capitalism and the Oracle of Omaha
08 MAY 2014 – VITALIY KATSENELSON
I am back from the Berkshire Hathaway annual meeting in Omaha, Nebraska, and my brain is still spinning from the dozens of meetings and stimulating conversations. In a series of articles over the next few weeks, I’ll try to download the thoughts that were triggered by this trip, a lot of them unrelated to the main event — the Warren Buffett & Charlie Munger show — but rather by-products of the conversations I had. Read more of this post
May 21, 2014 Leave a comment
Berkshire Hathaway Annual Meeting ‘Full Notes’
by VW StaffMay 10, 2014, 4:36 pm
Notes from Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B)’s annual meeting 2014. We have previously covered more from the annual meeting, Berkshire Hathaway annual meeting extensive notes can be found here. Read more of this post
May 21, 2014 Leave a comment
Cliff Asness New Whitepaper Fact, Fiction and Momentum Investing
by VW StaffMay 11, 2014, 2:58 pm
Cliff Asness new whitepaper Fact, Fiction and Momentum Investing H/T Climateer Investing
It’s been over 20 years since the academic discovery of momentum investing (Jegadeesh and Titman (1993), Asness (1994)), yet much confusion and debate remains regarding its efficacy and its use as a practical investment tool. In some cases “confusion and debate” is us attempting to be polite, as it is near impossible for informed practitioners and academics to still believe some of the myths uttered about momentum — but that impossibility is often belied by real world statements. In this article, we aim to clear up much of the confusion by documenting what we know about momentum and disproving many of the often-repeated myths. We highlight ten myths about momentum and refute them, using results from widely circulated academic papers and analysis from the simplest and best publicly available data. Read more of this post
May 21, 2014 Leave a comment
Stanford University – Graduate School of Business
University of Toronto – Rotman School of Management
Guanghua School of Management
March 25, 2014
Rock Center for Corporate Governance at Stanford University Working Paper No. 183
Abstract: Read more of this post
May 21, 2014 Leave a comment
Tilson Angry At NY Times For Calling Buffett ‘Ordinary’; Confirms ATHN Short
by Jacob WolinskyMay 12, 2014, 2:03 pm
The following is from an email which Whitney Tilson sent to ValueWalk. He attacks the NY Times for stating that Buffett was ordinary. He also confirms that he is short ATHN and briefly mentions his FNMA long, which we first reported. Read more of this post
May 21, 2014 Leave a comment
IBM facing ‘rocky time’, but poised for change, CEO says: NYT
Sun, May 11 2014
(Reuters) – IBM Corp is facing a “rocky time,” Chief Executive Virginia Rometty told the New York Times, but said she and the company now have a clear vision on how to pursue another generation of growth. Read more of this post
May 21, 2014 Leave a comment
May 12, 2014
Mastering the Soft Skills
How to “bend” time, keep the boss happy, say “no” to budget requests (gently) — and more.
Some years ago, CFO published a story on the “essential skills” that a finance chief needs to be effective — in particular, the skills that go beyond core corporate finance and accounting training. Little has changed since 2007, when the article first appeared. The abilities the story describes are rarely taught in business school or in a corporate setting. In the eyes of veteran CFOs, though, they are just as critical as the ability to forecast earnings, value an acquisition or weigh an investment opportunity. Read more of this post
May 21, 2014 1 Comment
Trading ‘tip of iceberg’
May 13, 2014
Patrick Durkin and Ben Butler
The head of the stockbroking firm founded by Australia’s highest-profile insider trader – the late Rene Rivkin – has warned the current $7 million trading scandal is just the tip of the iceberg. Read more of this post
May 21, 2014 Leave a comment
THE MONDAY INTERVIEW
May 11, 2014 3:59 pm
An eye on the future of luxury
By Rachel Sanderson
The head of the Italian eyewear maker has a fresh and international perspective
©Alessia Pierdomenico
May 21, 2014 Leave a comment
THE ART OF PERSUASION
May 12, 2014 4:05 pm
Say one thing to say something else
By Sam Leith
Frame a debate by implying some point is so obvious that it can be taken as given
Lord Myners, a former financial services minister, was interviewed on BBC Radio 4’s Today Programme last Wednesday morning. He was talking as his report into the – ahem – suboptimal governance of the Co-operative Group was about to be published, and setting out what he thought should happen. Read more of this post
May 21, 2014 Leave a comment
May 12, 2014 3:42 pm
Brain science fires up the neurons of managers
By Alicia Clegg
Neuroscientists are in demand for their insights into business
Every day David Amodio comes face to face with prejudice − not in the form of insults and put-downs – but as hotspots and squiggles on PC screens depicting the brain behaviour of people shown pictures of strangers from other racial groups. Read more of this post
May 21, 2014 Leave a comment
Stockholm School of Economics; Centre for Economic Policy Research (CEPR); European Corporate Governance Institute (ECGI); Swedish House of Finance
Stockholm School of Economics – Department of Finance; Swedish House of Finance
April 1, 2014
Swedish House of Finance Research Paper No. 14-09
Abstract: Read more of this post
May 21, 2014 Leave a comment
May 12, 2014 5:03 pm
Top banking jobs are turning into hot seats
By Martin Arnold
High levels of litigation risk is making it hard to fill top posts
Pity the poor headhunters. Finding people to lead some of the world’s biggest banks is harder than most people think. Read more of this post
May 21, 2014 Leave a comment
May 11, 2014 7:22 am
‘We do not need 80% of active management’
By Michael Johnson
Recently, robust, independent and damning evidence emerged that skewers any justification that active fund management of listed assets is worth the candle. For dispassionate observers, it has been long overdue, but the source was unexpected: the UK’s Department for Communities and Local Government (DCLG). Read more of this post
May 21, 2014 Leave a comment
Tech Stocks Are Still ‘Too Silly’ for Some
Valuations of Young Tech Companies Remain Sky-High
STEVEN RUSSOLILLO and MATT JARZEMSKY
May 11, 2014 4:23 p.m. ET
Young technology-company stocks fell out of favor in the blink of an eye. But their valuations remain sky-high and many investors say they have a lot more room to decline before bouncing back. Steven Russolillo joins MoneyBeat. Photo: AP. Read more of this post
May 20, 2014 Leave a comment
|
“Bamboo Innovators bend, not break, even in the most terrifying storm that would snap the mighty resisting oak tree. It survives, therefore it conquers.” |
| BAMBOO LETTER UPDATE | May 19, 2014 |
| Bamboo Innovator Insight (Issue 34) |
|
Dear Friends and All,
Takeaways from the Berkshire Hathaway AGM 2014 and the Pearl River Delta (PRD) Trip
Q: “How does management factor into valuing intrinsic value?” |
May 20, 2014 1 Comment
Fordham University School of Law; European Corporate Governance Institute (ECGI)
Max-Planck-Institute for Research on Collective Goods
April 1, 2014
MPI Collective Goods Preprint, No. 2014/5
Abstract:
The roots of law & economics lie in late 19th century continental Europe. However, this early movement did not persist, having been cut off in the 1930s. After World War II, modern law & economics was (re-)invented in the United States and subsequently grew into a major field of research at U.S. law schools. In continental Europe, law & economics was re-imported as a discipline within economics, driven by economists interested in legal issues rather than by legal scholars. Hence, the European discourse was more strongly influenced by formal analysis, using mathematical models. Today, research in the U.S., Europe, and in other countries around the world, including Latin America and Asia, uses formal, empirical, and intuitive methods. New subfields, such as behavioral law & economics and experimental law & economics, have grown in the U.S. and in Europe during the past two decades.
May 20, 2014 Leave a comment
Overvaluing the ‘Undervalued’ View of the Yuan
The Chinese currency has no real ‘equilibrium value,’ even if Treasury wishes it did.
MARK A. DEWEAVER
May 11, 2014 5:38 p.m. ET
Since Jan. 1 the yuan has fallen 2.9% against the dollar, reversing the Chinese currency’s 2.9% appreciation in 2013. Such a dip would be a small fluctuation for a freely traded currency, but it’s a big drop in China. The yuan hasn’t fallen so much or for so long since July 2005, when Beijing introduced what it calls “a managed floating exchange rate based on market supply and demand with reference to a basket of currencies.” Read more of this post
May 20, 2014 Leave a comment
Tycoon Liu Han Testifies on Past State-Brokered Deals in Sichuan Province
Transcript Offers Rare Look at How Investments Were Allegedly Structured
JAMES T. AREDDY
May 8, 2014 12:24 p.m. ET
May 20, 2014 Leave a comment
May 12, 2014, 11:01 AM ET
Don’t Be Evil…or Creepy: Earning—and Keeping—Trust in a Transparent World
By Malcolm Frank,
Our world is rapidly digitizing, creating new economic opportunity and redefining the boundaries of privacy. Read more of this post
咬定青山不放松，立根原在破岩中。 千磨万击还坚劲，任尔东西南北风。
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