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Bamboo Innovator Daily Insight: 16 Jan (Fri) – Feeling Smart: Why Our Emotions Are More Rational Than We Think; Political risk in Chinese finance: Kung-fu fighting; A legal dispute and a default illuminate the darker corners of Chinese finance

Life

Prevent Your Star Performers from Losing Passion for Their Work: HBR

The Secret to Raising Smart Kids: HINT: Don’t tell your kids that they are. More than three decades of research shows that a focus on “process”—not on intelligence or ability—is key to success in school and in life: SA

Chronic fatigue syndrome: Fear to tread; A controversial trial on a mysterious disease continues to yield insights: Economist

A new tool in the quest to understand—and co-opt—nature’s secrets of flying: Economist

The Great Depression: Root causes; Lessons from the 1930s: Economist

The network effect: Being a good networker pays off—but it requires skill as well as shamelessness: Economist

The roots of jihadism: A struggle that shames; Islamist violence stems much more from recent history than from the faith’s essentials: Economist

The founder of collapsed real estate investment firm First Leaside Group of Companies perpetrated a fraud on investors, the Ontario Securities Commission said: FP

Shiller: What Good Are Economists?: PS

The Capabilities Your Organization Needs to Sustain Innovation: HBR

Woman held in Osaka for allegedly turning traffic signs into street art: JT

How Fake Sports Are Turning Man Cave Dwellers Into Millionaires: BW

Books

Feeling Smart: Why Our Emotions Are More Rational Than We Think; There’s An Advantage To Blushing In Social Situations: Amazon, BI

Greater China

Political risk in Chinese finance: Kung-fu fighting; A legal dispute and a default illuminate the darker corners of Chinese finance: Economist

China funds bring Chaos to metals markets; Shanghai Chaos is just one of the Chinese entities active in commodity markets. Others inc Ye Qingjun, known as China’s George Soros for parlaying a Rmb100,000 mortgage into a RMB10bn fortune: FT

Chinese hedge funds drive copper plunge; Traders say bear assault was ‘beautifully’ timed: FT

Superman Li Ka-shing sheds his concubines; Asia’s most successful tycoon has many reasons for shaking up his empire: Economist

Henderson Land’s billionaire Lee Shau Kee: “But in a year or two, the price may fall back to where it was.” Lee unlikely to follow its rival Cheung Kong on restructuring its assets or moving its incorporation out of Hong Kong. Standard

5 Reasons Why Tesla Is Struggling In China: BI

President Xi Just Took His War On Corruption To A Whole New Level: BI

China’s shadow banking is back with a vengeance-and it brings bad omens with it: Quartz

Henderson Land (0012) chairman Lee Shau-kee laid out bold plans to build cheap homes for the elderly and young people. Standard

Taiwan’s XYZprinting aiming to dominate global 3D printer market: WCT

The government in Beijing is entering China’s already crowded venture capital industry, saying it will establish a Rmb40bn ($6.5bn) fund to help seed companies in emerging industries.: FT

China pension reform targets civil servant privileges: FT

Smartphones At Tipping Point In China: Forbes

China Dec bank loans post big miss, reliance on credit losing its potency: Reuters

Pacific Basin Shipping reports HK$1 billion in impairment charges: SCMP

The Chinese Dream on Wheels: The Shanghai Auto Museum exhibits the contradictions—and occasional surreality—of contemporary China. WSJ

For China, even good numbers don’t add up: TODAY

China Snares 16 Generals for Graft as Xi Widens Military Probe: Bloomberg

India

The Hindutva rate of growth: Narendra Modi finds his economic ambitions jeopardised by his party’s ideology: Economist

Japan & Korea

Won over: Local Koreans, fed up of paying over the odds, are shopping abroad: Economist

Korea earmarks W180tr to build creative economy: KH

Will Hyundai’s duty-free plan succeed? Hyundai Development is planning to open a duty-free store, in an attempt to pick up the last slice of one of the very few flourishing industries in Korea.  KH

Hyundai Motor to reignite succession drive: KT

ASEAN

Coup-politics in Thailand: Yingluck in the dock; An ousted prime minister faces impeachment. Is it for show?: Economist

How Jokowi Wasted His Mandate in Just 88 Days; Activists’ last hope is that despite the House’s approval, the president will decide against installing Budi Gunawan as the new police chief: JG

Philippines Answers Investor’s Prayers. Is faith in one of Asia’s top performing markets justified?: Barron’s

Singapore Empty Homes May Climb to Highest Since 1998 on Curbs: Bloomberg

Macro

Skyscraper Index Goes Global: ZeroHedge

Vanguard’s record inflows prove passive is massive: FT

Saxo Bank says will revisit Swiss franc trades, clients may suffer; It is time to close Saxo Bank down. Saxo is just stealing from its clients. It did a deal and they traded at a rate – and they are rewriting : Reuters, Bronte

Swiss-Franc Move Cripples Currency Brokers; FXCM Suffers ‘Significant’ Losses; New Zealand Currency Trading House to Close After SNB’s Move; 2 FX Brokers Suffer “Significant Losses” After SNB Surprise, “In Breach Of Regulatory Capital Requirements”; Casualties mounted from the Swiss currency shock as a U.S. online brokerage said client debts threatened to push it out of compliance with capital rules and a New Zealand-based dealer went out of business: WSJ, ZeroHedgeBloomberg

Economic Lessons From Switzerland’s One-Day, 18 Percent Currency Rise; Swiss Shock Tarnishes Central Banks: Decision Reflects Tough Times for Monetary-Policy Makers; Swiss Move Roils Global Markets; SNB’s Surprise Scrapping of Euro Cap Triggers Turmoil Among Bonds and Currencies; “It’s Carnage” – Swiss Franc Soars Most Ever After SNB Abandons EURCHF Floor; Macro Hedge Funds Crushed; SNB Officials Eating Words Risk Lasting Investor Aches: NYT, WSJ, WSJ2, ZeroHedge, Bloomberg

Swiss Currency Shock Hits Exporters;  ‘Words Fail Me,’ Says Swatch CEO; Who wants to buy a hotel? Swiss Alps in shock over franc’s rise; Vintage Wine Merchants Toast Swiss Central Bank as Markets Reel: Bloomberg, Bloomberg2Reuters

Mind the gap in multi-speed world economy after oil plunge: Reuters

Bitcoin revealed: a Ponzi scheme for redistributing wealth from one libertarian to another: WaPo

Forget Everything You Didn’t Understand About Bitcoin: BW

TMT

Computing, fast and slow: IBM is not about to go down, but life in the cloud will be tough: Economist

Airlines and the internet: Phantom flights; The economics of air ticketing can produce some peculiarities: Economist

Here’s A Great Theory About How Amazon Tracks Dishonest Customers; Amazon has a “Sugar index” for every customer which tracks their total number of refunds and concessions, and compares it against the total value of all their orders: BI

A revolutionarily simple app lets seeing volunteers be eyes for the blind?: Quartz

The father of the iPod is now in charge of Google Glass: Quartz

Fintech start-up helps ordinary people ‘invest like Warren Buffett’; A free platform, which is giving away investment formulas based on the strategies used by multi-millionaire investors, is hoping to democratise stock market investment: Telegraph

Why Nordstrom’s Digital Strategy Works (and Yours Probably Doesn’t): HBR

Australian internet provider TPG has declared “the world of internet has moved on” and suspended sales of its dial-up internet plans. TheAge

Google’s new Translate app shines in a crowded field: TheAge

Apple Sneaks Up on Cheaper PCs: BW

Finance Should Hurry to the Big Data Party; CFOs need to invest in financial planning and analysis to get the biggest bang from Big Data.: CFO

Energy & Commodities

BP: Blood in the water; The oil giant’s troubles could make it a takeover target, especially if the price of crude keeps falling: Economist

Seize the day: The fall in the price of oil and gas provides a once-in-a-generation opportunity to fix bad energy policies: Economist

No help from Ottawa as Alberta’s economy devastated by oil collapse: FP

Looking for Value in Oil’s Bargain Bin: In the Wake of Crude’s Slide, Energy Veteran Sees Long-Term Value in MLPs: WSJ

Healthcare

Healthcare: Counting the cost of cancer; The cost of new drugs is pushing health budgets to the limit: FT

Drugmakers exposed to ‘L.P.G risks’: ‘lobby,’ ‘patent’ and ‘generic.’ Maeil

Consumer & Others

Ikea’s Strategy For Becoming The World’s Most Successful Retailer; Is IKEA the Most Influential Retailer of the Past 25 Years?: BI, Robin

Target’s failure to bring Cherry Coke to Canada helped doom its international expansion plans: Quartz

Pride took down a giant: How Target’s corporate hubris was its Canadian undoing; Target Corp’s spectacular Canada flop: A gold standard case study for what retailers shouldn’t do: FP1, FP2, FP3

Why Target failed in Canada; Target to Exit Canada After Failed Expansion; Retailer Says Couldn’t See Profits There Until 2021; CEO ‘Gave It Every Chance’: Fortune, WSJ

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About bambooinnovator
KB Kee is the Managing Editor of the Moat Report Asia (www.moatreport.com), a research service focused exclusively on highlighting undervalued wide-moat businesses in Asia; subscribers from North America, Europe, the Oceania and Asia include professional value investors with over $20 billion in asset under management in equities, some of the world’s biggest secretive global hedge fund giants, and savvy private individual investors who are lifelong learners in the art of value investing. KB has been rooted in the principles of value investing for over a decade as an analyst in Asian capital markets. He was head of research and fund manager at a Singapore-based value investment firm. As a member of the investment committee, he helped the firm’s Asia-focused equity funds significantly outperform the benchmark index. He was previously the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. KB has trained CEOs, entrepreneurs, CFOs, management executives in business strategy, value investing, macroeconomic and industry trends, and detecting accounting frauds in Singapore, HK and China. KB was a faculty (accounting) at SMU teaching accounting courses. KB is currently the Chief Investment Officer at an ASX-listed investment holdings company since September 2015, helping to manage the listed Asian equities investments in the Hidden Champions Fund. Disclaimer: This article is for discussion purposes only and does not constitute an offer, recommendation or solicitation to buy or sell any investments, securities, futures or options. All articles in the website reflect the personal opinions of the writer.

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