Cultural clout, interesting view indeed...

Cultural clout:

"Arena Media's Justin Gibbons unveils a new study from Work Research and Bournemouth University, Cultural clout – the role of culture in consumer decision-making, at Shift 2013.

Cultural clout: The role of culture in consumer decision making from Newsworks

see how Tai Chi Grandmaster Chen Xiaowang do not move with 20ppl pushing him, 陳氏太極拳 - 陳小旺 VS 亞洲大力士 - 龍武 - YouTube

陳氏太極拳 - 陳小旺 VS 亞洲大力士 - 龍武 - YouTube:

Chen Tai Chi vs guy that can push a 25 tonnes articulated lorry, can he push master Chen and move him outside of a circle over 3minutes!??

Grandmaster Chen (70years old dring filming) can already stop 20 people pushing him though, fascinated popcorn/dramatic documentary on an almost unbelievable martial art with thousands of years history!

Video - Weekend With Buffett: Berkshire Hathaway Meetup - WSJ.com

Video - Weekend With Buffett: Berkshire Hathaway Meetup - WSJ.com:

The Warren Buffett Gig... a pretty concise video

My comments re Rat Meat Sold as Lamb in China Highlights Fears - NYTimes.com

Rat Meat Sold as Lamb in China Highlights Fears - NYTimes.com:

Must read>>>

can you blame our mainland Chinese friends searching the world for "safer baby milk powder"!??

This is a systemic problem very much like the financial market where short term profit rules except consequences much graver that would affect people's long term health and even might kill people..

Huge problematic issue that need some urgent solution! any ideas??  do not believe that it is only a Chinese problem, as it will affect the world!!

"The police arrested 63 suspects accused of “buying fox, mink and rat and other meat products that had not undergone inspection,” which they doused in gelatin, red pigment, and nitrates, and sold as mutton in Shanghai and adjacent Jiangsu Province for about $1.6 million, according to the ministry’s statement. The account did not explain how exactly the traders acquired the rats and other creatures.

¶ “How many rats does it take to put together a sheep?” said one typically baffled and angry user of Sina Weibo, China’s Twitter-like service that often acts as a forum for public venting. “Is it cheaper to raise rats than sheep? Or does it just not feel right unless you’re making fakes?”

The cases described included a company in Inner Mongolia, a northeast region of China, caught with 23 tons of fake beef jerky and unprocessed frozen meat adulterated with flavoring chemicals and swarming with bacteria. Six suspects in Guizhou Province, in southwest China, were caught with 8.8 tons of “toxic chicken feet” adulterated with illegal additives. Chicken feet, steamed or boiled with spices, are a popular dish in parts of China.

The Ministry of Public Security also described cases of traders selling pigs and ducks that had died from disease, and of another perennial problem: pigs injected with water to increase the weight, and price, of the pork sold on the market.
"

Chinese mothers force gold price rebound | South China Morning Post

Chinese mothers force gold price rebound | South China Morning Post:

IMHO, its all very well when we have all the ETFs & funds based on Gold etc, which satisfy the demand from the 'trader' part of the finance community, we cannot escape the in escapable fact: supply of Gold is limited and demand is either constance or increasing (vs no more new gold found!!) therefore, the investment of the gold bullion is a sure thing!

consequently, maybe governments worldwide should really think about a possibility of using gold rather than debt/currency based model...!?


"Chinese mothers have beaten Wall Street hedge fund managers in forcing a turnaround in the price of gold after it dropped last month.

Taking advantage of the steepest drop in three decades, they have shored up prices by splashing out on gold for their daughters' weddings in the past couple of weeks, foiling the plan of finance gurus who have been short selling the precious metal in the hope of pushing it lower.

"The drop in gold price last month was caused by Wall Street fund managers who wanted to short gold and push it below the US$1,300 per ounce level before piling back in," said Haywood Cheung Tak-hay, the president of the Chinese Gold & Silver Exchange Society."

'via Blog this'

My short comments re the bold statement by "BlackBerry CEO predicts death of tablets in five years (Wired UK)"

BlackBerry CEO predicts death of tablets in five years (Wired UK):

It's great to be bold, ambitious, & visionary. But success will only arrive if one can deliver, case in point, if iPad,iPhone don't work, no one will pay for them!

I'm a BlackBerry family ; sadly now I have both a torch AND a Z10 as I can't get my 25,000 contacts over.. no. Solution!

As I mentioned to thorsten via email and blog, he needs to be strong & bring company private & focus on products & find a vision/ redefine their own niche.

That advice hasn't changed but with Tim cook being forced to give back cash AND do what a typical ceo do (albeit very rich one!), thorsten's opportunity might be opening up! He needs some vision for the future and Erm deliver (without much short term distractions like quarterly earnings reports!)

more of my previous and still valid comments are here:
http://garethcxo.blogspot.co.uk/2012/07/my-revised-suggestion-short-blog-for.html?m=1my blog in 2012 re how to secure future of blackberry

What do you think? or you think he is on the right track!?

BR
@GarethWong
(on a z10)

Must watch for both job offer and indeed negotiating deals, How to Negotiate Your Job Offer - Prof. Deepak Malhotra (Harvard Business School) - YouTube

How to Negotiate Your Job Offer - Prof. Deepak Malhotra (Harvard Business School) - YouTube:

must watch for both job offer and indeed negotiating deals

2013 exclusive Q1 E/MBA Club with Aram Shishmanian, the CEO of World Gold Council event [at Goldsmith hall] report, independently written by Murad Baig, EMBA06

 other pictures by Gareth Wong

Venue: Goldsmith’s Hall 

Foster Lane, London EC2V 6BN more pictures

Positioned at the junction of Foster Lane and Gresham Street, north east of St. Paul's Cathedral, the magnificent Hall, opened in 1835, is one of London's hidden treasures.

The company of Goldsmiths was created to regulate the craft of the goldsmith and has been responsible for ensuring the quality of Gold and Silver since 1300.

This was the venue for the 2013 Q1 EMBA event, where many City/Cass MBA alumni {no students, thus quality of attendees are generally very senior business leaders} had gathered to listen from the leadership team about the objectives of World Gold Council (WGC) and some of the important work done by the WGC to actively promote the gold market globally.

  many thanks for our residence photographer Derrick Khan

Introduction to WGC by AramShishmanian, the CEO of WGC  

Aram did his MBA from City University almost 38 years ago and then had an exceptional career at Accenture for almost 27 years. During his time at Accenture Aram held a number of leadership positions including Global Managing Partner of the financial markets industry practice.

Aram gave us a brief introduction into the timeline of gold, a precious metal which has been used within society for more than 4000 years and diffused into all parts of our life, from jewellery and investment, to collateral for security to being used in the creation of high specification electronic devices.  

Aram also provided market context by highlighting some facts around the importance of gold as a precious metal:

1.       40% of the world gold production is recycled

2.       50%, gold mined today becomes jewellery

3.       650%, the price increase of gold since 2002 – today

4.       Central Banks are increasingly buying gold as it is becoming a central component of their investment philosophy towards managing risk

Some of the main drivers which have spurred gold’s growth over the last 10 years:

·         Central Banks are buying more gold to bolster their gold reserves

·         Gold ETFs (exchange traded funds) have mobilised investing in gold within financial marketssince 2005

·         Incredible growth of the Asian markets (India & China accounted for 56% of total jewellery demand) has resulted in higher consumption for gold

·         Scarcity of gold supply

Aram explained that although the last 10 years have shown gold to be on an upward trajectory, the events globally are providing a strong support for the positive gold outlook to continue. Some of the  main themes driving the gold market further are:

·         In the next 10 years there will be a change in the gold market due to a rebalancing of economic transfer between Asia and West

·         Breakdown of trust in financial markets has made more investors turn to gold as a safe haven within their investment portfolios

·         Risk management has failed and gold has shown itself to be a good hedge due to its low correlation with other asset classes

·         Regulation

·         Population is increasing in India & China, countries which already account for 55% of the world gold demand. Shanghai now has its own gold exchange

·         India & China have 50% of their disposable income invested into gold

However set against a bullish factors for gold, are a number of challenges looming on the horizon due to:

·    Differing affinities for gold jewellery between generations and a need to maintain the attraction and relevance of gold to women and to new generations of consumers

·         Women are not asking for gold jewellery as much as before
·         Competing investment products in the future as markets liberalise

·         Resource challenges. Gold mining companies are struggling to raise capital for starting mining projects

·         Geological challenges with some mines 5km deep

·         License to operate is becoming increasingly difficult to obtain for mining companies

Aims of the WGC:

·         Stimulate demand for gold

·         Intervene to create gold demand via new channels and new products

·         Represent most gold producing companies

·         Promoting the sustainability of gold production

Initiatives undertaken by WGC for stimulating and sustaining demand for gold:

·         Gold ETFs

·         Gold based saving accounts

·         Gold is a credible collateral under Basel-3

·         Launched new jewellery brand

·         Accreditation programmes for Central Bankers on leveraging gold as a reserve

 

Marcus Grubb, Managing Director Investment

Marcus Grubb’s key role is to be the gold strategist for the World Gold Council, responsible for the organisation’s view of all aspects of the gold market and asset allocation and to articulate it to investors of all types, from private wealth to institutional and sovereign wealth investors worldwide. Marcus also acts as the global spokesperson, for the World Gold Council speaking at high profile forums and events worldwide.

The following is a summary of Marcus’s presentation around the main drivers which make gold an important part of every asset managers asset allocation strategy:

·         Gold has been a top performing asset class

·         The demand for gold is much higher than supply. Almost 40% of the world gold is recycled

·         India & China continue to dominate global demand, with China now a net importer of gold

·         Investment demand for gold is strong

·         Central banks have become net buyers of gold to hedge against currency and fx risk

·         Mine production has not increased supply of gold

·         New discoveries of gold are less

·         Massive debt market with governments owning a lot of their own bonds

·         Gold is a luxury metal and a currency with unique diversification properties from an investment perspective

·         Gold is a debasement hedge against currency risk

·         Best tail risk hedge

·         Inflation hedge

Natalie Dempster, Public Policy

Natalie explained that the main role of the policy function was to monitor, provide policy creation expertise, lobby and create market intelligence to support the proliferation of gold.

One of the major initiatives undertaken by the policy function was to get the Basel-3 regulation to recognise ‘gold’ as a high quality liquid assetdue to:

·         No credit risk

·         Transparent pricing

·         Low correlation with other financial assets

·         Deep liquidity

Also given the current issues being faced by European governments around the credibility of their sovereign banks, WGC policy function is proposing to secure sovereign bonds by using gold as collateral.

+++

Editor' note: Many thanks to Murad Baig Partner at INFINIEM, EMBA06 who took time to help us write this event report

As you can imagine and see from pictures and insights shared above, what an honour for fellow City/Cass MBA alum who managed to join us, for those of you that wanted to join a future exclusive E/MBA Club, find us on www.cassalumni.org

we are continuously looking for top of their profession guys fellow city/cass MBA alum to speak & host future E/MBA club gatherings, ping me a message directly or via my @GarethWong or my online profiles.

Must try this widget & scroll down! only takes minutes "Global Rich List "

Global Rich List:

Must try and share!

it could give people option to choose the best charity, but that would need another greatly designed widget to choose the best charity...

http://www.globalrichlist.com/

totally agree but need a new "re-evolved" capital market structure to support his proposal!?? Clayton Christensen on "Religion and Capitalism"

Must watch thought provoking video /insights from Prof Clayton

Totally agree with him that we need ways of fixing (paraphrasing):

1) instilling value & honesty (voluntarily and instinctively practiced by the business leaders)
2) solving "principal agent theory" (not only maximising shareholder value, as 95% of market is executed by speculators) pls refer to video!

Challenge on our hand is this:

we need a new ecosystem that promote the above (as the whole value chain is now speculative)..

Surely, our challenge is that our world need to reinvent and/or augment the value chain to "de-volute" or "re-evolve" a viable alternative capital market: it maybe difficult but it will need to incentivise management/boards to focus on long term viability of companies & reward them accordingly (some might argue the bulk of the management incentive delayed by 3-6years just as Prof. Clayton mentioned shareholders held shares for 6years in 1960s)!??

Make sense!??