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