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Bamboo Innovator Daily Insight: 30 Jan (Fri) – 5 Leadership Lessons From Baseball Hall of Famer Ernie Banks

Life

  • 5 Leadership Lessons From Baseball Hall of Famer Ernie Banks: Forbes
  • Why You Should Strive For Mastery Instead Of Success: BI, YouTube
  • Muddy Waters’ Carson Block: How to Avoid Frauds in Investments, and Personnel Hires: NYT
  • 4 Ways To Break Free From Being ‘Too Busy’: Forbes
  • The Christian Example for Modernizing Islam: Catholics and Protestants once killed in the name of God, but eventually liberal ideas took hold.: WSJ
  • Angels of change invest in better world; “Rather than buy a yacht, it might be more fun to see if you can change the world with young people who want to have a go.”: FT
  • This Tree Beautifully Reveals The Relationships Between Languages: BI
  • BILL GATES: Here’s What I Would’ve Done If Microsoft Didn’t Work Out: BI
  • Nathan Tinkler treats me ‘like a little bank’, says Gerry Harvey: TheAge
  • The art of printmaking: Largely ignored in the country, printmaking has a rich history and a long tradition of experimentation: Forbes
  • Investing in next generation of ideas for quality decision making: Forbes
  • How Do We Increase Empathy?: NYT
  • Why You Should Tell Your Children How Much You Make: NYT
  • Forbes 50 RIchest Australians: Forbes

Books

  • The Opposite of Spoiled: Raising Kids Who Are Grounded, Generous, and Smart About Money: Amazon

Investing Process

  • Penny Stock Pawnbroker Had a Clever Trick to Get Paid: Bloomberg
  • 62-Bagger and Counting: An E-commerce Business That Actually Makes MONEY But Almost Didn’t: Fundoo
  • Tocqueville’s Sicart: The Unintended Consequences of “Sophisticated” Performance Measurement: Tocqueville
  • The Secret to Getting a 99,766 Percent Return in the Art Market; Hint: Discover a hidden masterpiece: Bloomberg

Macro

  • Hasenstab Sees $3 Billion Vanish in Ukraine as One Big Bet Sours: Bloomberg
  • FASB Nearing Decision on Delaying Revenue Rule; Companies are telling FASB that they need more time to redesign their practices and systems to implement the revenue recognition standard. CFO
  • How a Two-Tier Economy Is Reshaping the U.S. Marketplace; The advance of wealthy households, while middle- and lower-income Americans struggle, is reshaping markets for everything from housing to clothing to beer. WSJ
  • Why Are so Few Companies Growing?: WSJ

Greater China

  • China: Overborrowed and overbuilt; Its economy has become the world’s largest but a credit-fuelled construction binge threatens growth: FT
  • The Twilight of China’s Communist Party; President Xi Jinping may be gathering unprecedented power in China-but perhaps it is more the flaring of a candle before it gutters.: WSJ
  • China moves to limit coal glut; China has slapped a moratorium on new coal mines in its eastern regions as it battles an enormous supply glut. FT
  • The pros and cons of China’s irrational exuberance; Creating a stock bubble to prevent a run on the yuan and deflate its credit bubble may result in China exacerbating the latter by stealth: SCMP
  • Is SAIC correct in calling Alibaba arrogant?: SCMP
  • Out of steppe: the $28bn plan to modernise Mongolia’s Ulan Bator; Project will seek to move former nomads living in poor areas of the capital out of their traditional tents and into modern flats: FT
  • Beijing stresses ‘One Belt, One Road’ in Taipei: AsiaOne
  • Alibaba’s Growth Spell Wears Off; Clash With Regulators Overshadows Improving Margins; Alibaba Clash Spotlights China Political Risk for Business: WSJ, Bloomberg
  • So Alibaba, How Do You Monetize Mobile, Asks the Bank That Guided Its IPO: Bloomberg
  • China Returning Five Times Hong Kong Makes Investing Choice Easy: Bloomberg
  • Politics, mobile overshadow Alibaba’s fairy-tale run: Reuters
  • Alibaba’s Lesson in Government Relations: NYT

India

  • ‘India is a country obsessed with education’: Harvard Dean: Forbes
  • Enterprise in India: Where ‘Angels’ fear to tread; Nine prolific names in the angel investing business talk about three common must-haves in their philosophies: Ideas, people and scalability: Forbes
  • In India, Low Wages Start at the Top; Top official pay at India’s five biggest state-owned banks averages less than $41,000 a year, excludes unofficial payments.: Bloomberg

Japan & Korea

  • Korea’s social mobility waning: KH
  • Korea eyes mandatory microchips for pets: AsiaOne
  • Elderly lose $200m from ‘Ore ore’ (It’s me) scam in which perpetrators swindle elderly victims by pretending to be family members: AsiaOne
  • Amazon breathing down G-Market’s neck: KT
  • Paying for the Privilege of Lending Japan Money: Bloomberg

ASEAN

  • Philippine economy defies Asian slowdown: FT
  • Thai tuna tycoon Dejphon Chansiri buys Sheffield Wednesday: FT
  • Thai govt unfazed for now by looming ‘currency wars’: AsiaOne
  • Why Is Singapore Full Of Millionaires? Forbes
  • Ho Ren Hua, Banyan Tree Scion Stays On the Frontline: Forbes
  • Malaysia Short Sellers Target World’s Longest Rally on Oil: Bloomberg
  • Forest City: Healthy foreign investment or blight on Iskandar?: BT
  • A looming deadline to make a $560 million loan repayment is piling pressure on a heavily indebted Malaysian state investment fund and focusing markets’ attention on how it will handle its other, much larger liabilities.: WSJ

Macro

  • The US is still a subprime nation: Quartz
  • Risky loan deals hit post-crisis high: FT
  • The corporate miscreants who keep rock ‘n’ roll excess aloft; It is the ultimate expression of glamour and superhuman freedom: FT
  • Outlook for hedge funds is about to worsen; Hedge Fund Profits Declined 30% Last Year, Citigroup Says: Bloomberg
  • Former Hedge-Fund Managers Hit the Comeback Trail; Michael Karsch started a juice business after he shut down his investment firm in 2013. Now he is plotting a return to the hedge-fund: WSJ
  • Currency Tumult Attracts Big Bets: WSJ
  • Goldman Set to Be Largest Dow Member After Visa Stock Split: Bloomberg

TMT

  • Amazon Prime is becoming a juggernaut: Quartz
  • Apple Pay revives mobile wallet drive and triggers deals: FT
  • Democratising finance: mobile phones revolutionise access; Closer look at how technology has transformed Africa and LatAm: FT
  • It’s all about scale! Have traditional media agencies reached critical MaaS?: Forbes
  • How, and Why, Apple Overtook Microsoft: NYT
  • Amazon makes money; says little about it: Fortune
  • Metadata Can Expose Person’s Identity Even Without Name; New Analytic Formula Identifies People Without Names, Account Numbers: WSJ
  • SAP Looks to Xerox for R&D Inspiration: Bloomberg
  • Clients Can Monitor Legal Bills in Real Time: Bloomberg
  • Bill Gates on dangers of artificial intelligence: ‘I don’t understand why some people are not concerned’: WaPo
  • Netflix And Amazon Will Have A Harder Time With Movies Than They Did With TV: Forbes

Energy & Commodities

  • UK micro dairies milk it as price drop hits big producers: FT
  • Cheap Oil Sours Big-Budget Energy Projects; Chevron Nears Goal of Producing More as Market Turn Pushes Payoff Further Out: WSJ
  • Falling Prices Spread Pain Far Across The Oil Patch; Companies Plan to Slash Spending Along With Thousands of Jobs: WSJ

Healthcare

  • Golden triangle of mutual gain that blights the science industry; Low-level corruption is disturbingly common in health and medicine: FT
  • Too Bad Biotechs Can’t Cure Tort Abuse; Patients see startups and hope for a cure. Too many lawyers see them and hope for a payday.: WSJ

Consumer & Others

  • One in five luxury handbags are man bags: Quartz
  • The World’s Largest Soup Maker Isn’t Making Soup Anymore: BI
  • McDonald’s and its challenges worldwide: a market-by-market look: FT
  • ‘Suppliers are fed up with Coles and Woolies’: David Shafer on the opportunity behind Kogan Pantry: BRW
  • Sanitarium takes on Weetabix in bet that Brits will want liquid breakfast: BRW
  • Hershey gets a Krave-ing for beef jerky; Chocolate maker in deal to buy the maker of jerky and other high-protein snacks.: Fortune
  • On McDonald’s Menu: CEO With a Fresh Perspective; As a Company Veteran, Incoming Chief Executive Easterbrook Faces Skepticism: WSJ
  • The Lessons McDonald’s Can Learn From Chipotle: Bloomberg
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Why You Should Strive For Mastery Instead Of Success

http://www.businessinsider.sg/jennifer-nichols-ted-talk-on-mastery-2015-1/#.VMsZA2iUeCk

Why You Should Strive For Mastery Instead Of Success

RICHARD FELONI STRATEGY  JAN. 30, 2015, 4:02 AM

For her first job, art historian and criticSarah Lewis curated a retrospective of the late painter Elizabeth Murray at the Museum of Modern Art in New York. She was taken aback by how undeveloped Murray’s early work looked and asked the artist what she thought about it. Murray said many of the first works on display had “missed her mark,” and she had even thrown one of the pieces in the trash before a neighbor convinced her to keep it. “In that moment, my view of success and creativity changed,” Lewis says in her TED Talk “Embrace the near win.” “I realized that success is a moment, but what we’re always celebrating is creativity and mastery.” She began to understand this concept more when she sat in on the Columbia University women’s archery team’s practice. She observed how each of the archers spent hours repeatedly missing their targets, making subtle adjustments to their form after every “near win.” Lewis realized that true fulfillment can only be achieved when we pursue mastery, embracing everything deemed a success and failure along the way, rather than dwelling on fleeting moments of victory. “Mastery is not the same as excellence,” she says. “It’s not the same as success, which I see as an event, a moment in time, and a label that the world confers upon you. Mastery is not a commitment to a goal but to a constant pursuit. What gets us to do this, what gets us to forward thrust more is to value the near win.” More valuable than first place is taking second place when gold was in your grasp, Lewis argues. The near win should be something to inspire and not crush us. “It gets us to focus on what, right now, we plan to do to address that mountain in our sights. “We build out of the unfinished idea, even if that idea is our former self. This is the dynamic of mastery. Coming close to what you thought you wanted can help you attain more than you ever dreamed you could,” Lewis says.

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