“If US demand hits a wall, growth in Japan, China, Korea and South-East Asia may get slammed. The forces of globalisation are masking the extent to which Asia still relies on US demand. Much of the trade within Asia involves intermediate goods that are used in the production of other products - many of which go to the US and Europe”
- William Pesek, Columnist in Bloomberg

“With all large...

How to transform business by transforming people

It looks like the same old story. A bold entrepreneur builds a whole industry from a revolutionary idea. Business and challenges grow. People form a pyramid called structure and a box called function. Business crosses every conceivable boundary. Boxes multiply, align into a greater pyramid and fight greater battles. Each successor adds a new...

Your stock picks are interesting. But it is really surprising to see your magazine consistently use “market cap to operating profit” as a key valuation measure. While most valuation measures, taken in isolation, may not be perfect, this one is most imperfect. It compares what shareholders are presently paying to buy into the company, i.e., market capitalisation with “operating profit”, which...