R.E.S.-ilience in Value Creation 《竹经：经商经世离不得立根创新》
April 8, 2014 Leave a comment
Dividends And Buybacks: Practical Differences, By Michael Mauboussin
by VW StaffMarch 24, 2014, 3:36 pm
Michael Mauboussin piece…. Michael Mauboussin has authored books, Think Twice: Harnessing the Power of Counterintuition and More More Than You Know: Finding Financial Wisdom in Unconventional Places. Read more of this post
April 8, 2014 Leave a comment
Google’s working on high-fashion Glass. Where are the fancy smartwatches?
March 25 at 12:29 pm
Google Glass keeps getting more and more stylish. Google and Luxottica — which makes Oakleys and Ray-Bans — announced Monday that they are working together on new designs for the smart glasses ahead of Glass’s expected but as-yet-undetermined consumer launch. Read more of this post
April 8, 2014 Leave a comment
Prof. Sanjay Bakshi: On Moats And Value
by VW StaffMarch 24, 2014, 4:45 pm
Safal Niveshak: Let me start with a question I have been waiting to ask you for some time now. Through a comment on a link I shared on Facebook and through a few of your posts over the past few months, you have suggested that your investment philosophy has moved further towards high quality businesses, and great managements. Can you please elaborate on the same? What has been this transition all about? And why? Read more of this post
April 8, 2014 Leave a comment
Managing Berkshire Hathaway by Committee? by David Merkel, CFA of Aleph Blog
While reading about portfolio companies today, I ended up reading this piece about Berkshire Hathaway Inc. (NYSE:BRK.A) (BRK.B) Not that great of an article, and it got worse when I read this:
Then there is the big question, “Who will replace Warren Buffett (Trades, Portfolio)?” He is now 83 years old. There is no official word on who will take over, but in his letters to shareholders he takes time to praise many of the investment managers working for him. The current consensus seems to be that Berkshire will be run by committee. The company has plenty of assets and superior management, so it should continue to operate efficiently. [emphasis mine] Read more of this post
April 8, 2014 Leave a comment
As liquid-alt mutual funds proliferate, some question their value
By Jeff Benjamin | March 25, 2014 – 10:40 am EST
When the news broke this month that $24 billion hedge fund firm Grosvenor Capital Management was breaking out of its otherwise secretive shell with plans to launch a registered alternative strategy mutual fund, it was generally interpreted as just the latest evidence of a continuing trend. Read more of this post
April 8, 2014 Leave a comment
ComScore: The Art and Science of Big Data, From the Inside
Big Idea: Data & AnalyticsBlog March 24, 2014 Reading Time: 4 min
A recent CISR report details how the market researcher creates internal value from big data.
While comScore, Inc. can rightly take its place among the world’s biggest data purveyors — the digital measurement and analytics company has collected about 14 petabytes of online data from around the globe, at a rate of about 20 terabytes a day — it still has to execute on all that data internally to create valuable insights its customers can actually use. Read more of this post
April 8, 2014 Leave a comment
A fragmented approach to cancer may strengthen it
March 26, 2014 – 12:35AM
Alexander Nazaryan
Radiologist Robert A. Gatenby believes intense chemotherapy may kill weak cancer cells, leaving stronger carcinogenic cells to flourish in their place. Read more of this post
April 8, 2014 Leave a comment
Abstract art: the nexus between science and creativity
March 26, 2014 – 8:18AM
Simon Cropper
There’s a two-storey warehouse wall in Melbourne’s western suburbs where man-made concrete uniformity has been transformed. On this enormous vertical surface is a complex, apparently natural scene that has no clear structure but nonetheless seems alive with meaning. Read more of this post
April 8, 2014 Leave a comment
Google slashes cloud computing prices in rivalry with Amazon
3:49pm EDT
SAN FRANCISCO (Reuters) – Google Inc slashed its cloud computing service prices on Tuesday, seeking to wrest customers from Amazon.com Inc and Microsoft Corp in the fast-growing market of renting computers and data storage to companies. Read more of this post
April 8, 2014 Leave a comment
Facebook to buy virtual reality company Oculus for $2 billion
March 26, 2014 – 11:33AM
Sarah Frier
April 8, 2014 Leave a comment
March 25, 2014
CFO.com | US
B Prepared
A growing number of companies are embracing sustainable business practices by becoming Certified B Corporations.
This is one of three articles in a special report on how companies are getting graded on sustainability. Here are the others: Read more of this post
April 8, 2014 Leave a comment
5 Reasons Why Chinese “Stimulus” Hopes Are Overdone
Tyler Durden on 03/25/2014 10:36 -0400
A surprise (to some) drop in China’s PMI was just enough bad news to prompt the good-news-seeking BTFD’ers into expectations of additional stimulus from China. Despite ‘PBOC advisors’ (implictly the mouthpiece of official policy strawmen) stating openly not to expect stimulus and confirming that China will see a “crisis” in local-government financing “but not as expolosive as the 2008 crisis”, and that “China must face the moral hazrd issue“, investors are buying CNY, copper, Chinese stocks, and practically everything else on the back of hopes for moar money. However, as Bloomberg’s Tom Orlik explains, with the government facing conflicting pressures an abrupt about-face in policy is unlikely. Read more of this post
April 8, 2014 Leave a comment
WHAT SUCCESSFUL LEADERS’ TO-DO LISTS LOOK LIKE
HAVE YOU EVER WONDERED ABOUT THE TO-DO LISTS OF HIGHLY SUCCESSFUL BUSINESSPEOPLE? HERE, WE GIVE YOU A SNEAK PEEK AT THREE AND THEIR TIPS FOR MAKING THEIR LISTS WORK.
BY GWEN MORAN
If you’re a list-maker, behold the to-do list and productivity secrets of these business superstars. Read more of this post
April 8, 2014 Leave a comment
Overwhelmed: Work, Love, and Play When No One Has the Time Hardcover
by Brigid Schulte (Author)
Can working parents in America—or anywhere—ever find true leisure time?
According to the Leisure Studies Department at the University of Iowa, true leisure is “that place in which we realize our humanity.” If that’s true, argues Brigid Schulte, then we’re doing dangerously little realizing of our humanity. In Overwhelmed, Schulte, a staff writer for The Washington Post, asks: Are our brains, our partners, our culture, and our bosses making it impossible for us to experience anything but “contaminated time”? Read more of this post
April 8, 2014 Leave a comment
What It’s Really Like To Name Products For A Living
PROFESSIONAL NAMER NANCY FRIEDMAN REVEALS WHAT IT’S LIKE NAMING EVERYTHING FROM CHAIRS TO MEDICAL DEVICES. (HINT: NOT EASY!)
It must be the best job in the world, to name things. “That car is a Jaguar! Now give me my money!”Nancy Friedman has spent the last 20 years as a self-proclaimed “chief wordworker.” She has named products for global juggernauts like Medtronic (the “Sentrant” sheath) and Steelcase (the “Amia” chair). She has turned down multiple opportunities to name cigarettes. Read more of this post
April 8, 2014 Leave a comment
5 SECRETS TO FINDING TIME FOR WORK, LOVE, AND PLAY FROM “OVERWHELMED” AUTHOR BRIGID SCHULTE
IT’S IMPOSSIBLE TO BE CREATIVE, OR IN FACT DO MUCH OF ANYTHING AT WORK, WHEN YOU FEEL PULLED IN A THOUSAND DIRECTIONS. OVERWHELMED AUTHOR BRIGID SCHULTE TALKS ABOUT HOW TO RESTRUCTURE YOUR DAYS SO YOU DON’T ALWAYS FEEL SO DAMNED BUSY. Read more of this post
April 8, 2014 Leave a comment
THE SECRETS OF A NASTY GAL
WEB PHENOM SOPHIA AMORUSO CREATED A $100 MILLION BUSINESS DESPITE A MISSPENT YOUTH AND ZERO BUSINESS TRAINING. NOW SHE WANTS TO HELP OTHER SINGLE-MINDED WOMEN MAKE THE MOST OF THEIR POTENTIAL.
BY EVIE NAGY
“The first thing I ever sold online was stolen,” admits Sophia Amoruso, who in seven years went from having a string of dead-end jobs to being CEO of Nasty Gal, the online clothing retailer with an impossibly cool rep and $100 million–plus in revenue. Read more of this post
April 8, 2014 Leave a comment
Hundreds rush to rural Chinese banks after solvency rumors
7:36am EDT
By Gabriel Wildau and Kazunori Takada
SHANGHAI (Reuters) – Hundreds of people rushed on Tuesday to withdraw money from branches of two small Chinese banks after rumors spread about solvency at one of them, reflecting growing anxiety among investors as regulators signal greater tolerance for credit defaults. Read more of this post
April 8, 2014 Leave a comment
Grad Students Driving the Growing Debt Burden
Report’s Findings Could Reframe Debate on Americans’ Growing Burden
JOSH MITCHELL
April 8, 2014 Leave a comment
Albert Edwards Destroys The “Solid Earnings Growth” Myth
Tyler Durden on 03/25/2014 08:27 -0400
Not a day passes without some pundit opining on financial comedy TV how it is not the Fed but impressive corporate profit growth that is keeping the markets afloat. We can’t help but laugh every single time. Why? Because with every reiteration, these pundits confirm they are clueless about just how it is that “profits” are created in the US – one way is from actual operations, another – from accounting gimmicks, especially when one includes the epic black boxes of bottom-line fudgery that are financials (and their tens of billions in quarterly loan loss reserve release “profits”). It is the latter (i.e., unbridled accountant imagination) that is the reason for profits “growing” at an impressive rate. As for actual earnings, when stripped away of all tangential one-time, non-recurring boosts, things are far, far worse. In fact, true earning growth matches the already abysmal growth pace of both revenues and cash flows. Read more of this post
April 8, 2014 Leave a comment
Carl Icahn’s Next No-Brainer? “A Major Sell-Down Of Artificial Market Is Coming”
Tyler Durden on 03/24/2014 12:53 -0400
Sprinkled in between Herbalife promotion and eBay board decimation, CNBC’s favorite crowd-pleaser Carl Icahn offered a few pearls of wisdom that the TV anchors were un-prepared for: Read more of this post
April 8, 2014 Leave a comment
Purifying Air for China’s Car Makers
ABHEEK BHATTACHARYA
March 25, 2014 5:28 a.m. ET
In this Dec. 9, 2013, file photo, the skyline of Shanghai’s Lujiazui Financial District is covered with heavy smog. China’s Premier has declared that smog is as big a problem as poverty. Associated Press
April 8, 2014 Leave a comment
Chinese Regulators Look at Allowing Debt Defaults
Move Would be Deterrent for Reckless Lending Amid a Slowing Economy
LINGLING WEI
March 25, 2014 7:59 a.m. ET
BEIJING—Chinese regulators are experimenting with allowing some debt defaults as a way to fend off reckless lending activities, according to government officials familiar with the matter, the latest sign China’s leaders are pressing ahead on revamping the country’s creaky financial system. Read more of this post
April 7, 2014 Leave a comment
Mar 24, 2014
The New Science of Email Subject Lines
In the cutthroat world of corporate email, where attention spans are measured in fractions of a second, a well-crafted subject line can make all the difference. Just don’t try too hard. Read more of this post
April 7, 2014 Leave a comment
Mar 24, 2014
Alibaba’s U.S. Listing Is Evolution, Not Revolution, for Corporate China
“What a joy to have friends coming from afar!” Confucius’ famous expression of elation sums up Wall Street’s feelings about the landmark listing of Alibaba Group Holding Ltd. in New York. Read more of this post
April 7, 2014 Leave a comment
China’s face mask industry under scrutiny as pollution worsens
4:58am EDT
By Grace Li
HONG KONG (Reuters) – Chinese citizens are feverishly snapping up face masks as worsening air pollution fuels a multi-million dollar industry where many products fail to provide even basic protection, drawing calls for better oversight and standards. Read more of this post
April 7, 2014 Leave a comment
Anti-corruption champion set to challenge India’s Modi
Tuesday, March 25, 2014 – 17:26
AFP
VARANASI, India – The leader of a fledgling Indian anti-corruption party was expected to announce plans Tuesday to stand against election frontrunner and opposition leader Narendra Modi in the holy city of Varanasi. Read more of this post
April 7, 2014 Leave a comment
MARCH 24, 2014, 3:59 PM Comment
Cisco Bets a Billion on the Cloud
Even for the world of globe-spanning computer systems, Cisco is going big.
On Monday Cisco Systems announced it would spend $1 billion on creation of an “Intercloud,” which promises to bridge multiple cloud-computing systems open to the public — like those offered by Amazon Web Services and Google Compute Engine — the private clouds of big companies and specialty cloud services for business. Read more of this post
April 7, 2014 Leave a comment
Scare Tactics Over Foreign Drugs
By GABRIEL LEVITTMARCH 24, 2014
ABOUT five million Americans buy medication internationally each year because of high costs in the United States. These drugs are considered “foreign unapproved drugs” by the Food and Drug Administration, and federal law makes it illegal to buy them. Generally, though, purchases go through without a hitch. Only rarely do customs agents seize an order. Read more of this post
April 7, 2014 Leave a comment
Asia’s changing food tastes could be Australia’s ‘next big story’
March 25, 2014 – 3:33PM
Asia’s growing taste for meat and dairy could see agricultural exports outperform metals and drive Australia’s next commodities boom as the unprecedented investment in the mining sector winds down, a global report says. 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。
Bamboo Innovator 
