Charlie Munger’s Quotes On Academia, Accounting And More – Bamboo Innovator Daily: 8 Jun (Mon)

Life

• Charlie Munger’s Quotes On Academia, Accounting And More: VW
• How To Conquer Fear, Backed By Research: Barker
• From taxi driver to billionaire city builder behind Brisbane’s Greater Springfield, the only fully master planned city to be built in Australia other than Canberra. AsiaOne
• David Smorgon warns of Smorgon-like crisis for family business: BRW
• The books that shaped the rise and fall of the British empire: Conversation
• How five great corporate teams in the Fortune 500 push the envelope. Fortune

Investing Process

• Something’s always cooking at this ‘hidden champion’: German specialty glass producer embraces flexibility, innovation; Foundation-based governance structure a key to Schott AG’s long success: JA1, JA2
• Rothschild vows ‘never again’ after Indoesian coal exit: Telegraph
• Danish Fund Manager Likes Union Pacific, Fanuc, McKesson: Barron’s
• FRC signals tougher guidelines on succession planning: FT
• The end of Nat Rothschild’s Indonesian adventure; “difficulties that ARMS would have faced had it attempted to recover, via a lengthy and costly litigation process, the $173m that was misappropriated by the former Indonesian controlling shareholders and management of this company.“: FT
• Small business annual reports do matter to investors, FRC finds; Watchdog says companies must view reports as more than an exercise in compliance: FT
• When I Met the Legends of Investing – Part 4: SN

Greater China

• Jack Ma turns name into money: Standard
• Robotics craze in China may fizzle in two years: WCT
• Automation hampered in China by high import cost of robot parts: WCT
• Is Jack Ma’s Alibaba Pictures Really Worth $10 Billion?: Forbes
• This Is How You Blow $1 Trillion If You’re China: Forbes
• Hong Kong investors deal lesson in sobriety to China: FT
• China growth data ‘overstated’ due to data error; Capital Economics claims GDP deflator miscalculated across emerging markets: FT
• End of China’s migrant miracle – Toil and trouble; Labour shortages give workers a stronger hand but scepticism about the justice system is widespread: FT
• New toys for flash boys in China’s fledgling derivatives market: Reuters
• MSCI to decide whether to include mainland stocks in its emerging-market and global indexes: WSJ
• Xiaomi, China’s New Phone Giant, Takes Aim at World; Entrepreneur Lei Jun’s smartphone startup used social networking to win over Chinese, but can he repeat overseas?: WSJ
• Hong Kong Embraces China’s Bubble: Bloomberg
• Chinese Are Piling Money Into Stocks Instead of Buying Cars: Bloomberg

India

• Billionaire Locked In Death Match With Adopted Son For Control Of Business Empire: RJ
• Amit Agarwal Leads Amazon India As Online Retail Is Taking Off: Forbes
• Nestlé hit by storm in a cup of Maggi noodles: FT

Japan & Korea

• One in five affiliates of major conglomerates are vulnerable to corporate raids by foreign investors because controlling families and their affiliates hold smaller stakes than non-Korean shareholders.KT
• Rigorous requirements imposed on listed Japanese companies: Nikkei
• Hedge Funds Seek Returns in Japan as China Bubble Concerns Mount: Bloomberg
• A Challenge to Samsung’s Ruling Family: Bloomberg

ASEAN

• Not so fast: Thrifty consumers put brakes on Indonesia’s economy: Reuters
• Malaysia’s ringgit hits 9-year low; Investors assess the risk of a scandal at the country’s state-backed fund: FT

Macro

• The Lawsuit Machine Going After Student Debtors: Bloomberg
• Calpers to Cut External Money Managers by Half; The largest U.S. public pension fund intends to sever ties with roughly half of the firms handling its money: WSJ

Energy & Commodities

•  Trafigura prospers amid falling oil price: FT

Healthcare

• Painkillers Resist Abuse, but Experts Still Worry: NYT
• Call Centers: New Battle Front for Fake Drugs; As more prescriptions are handled online and over the phone, counterfeiters are turning to call centers to facilitate sales:WSJ

TMT

• Twitter’s epic struggle to become the next Google: BI
• This new site keeps track of failed startups and why they flopped: BI
• Why fewer high-profile startups come out of Apple than other major tech companies: BI
• The number one key to Apple’s success? It was second.: BI
• Going to the Ends of the Earth to Get the Most Out of Music;The music publisher Kobalt believes it can make more money for its artists by simplifying the way money flows around the world from every click, download and stream. NYT
• Li & Fung, Dickson Concepts need to reassess strategies in internet era; Li & Fung might possibly be on course to become Hong Kong’s version of BlackBerry: SCMP
• Tech leaders shake up luxury industry: FT
•  Delivery Hero reaches $3bn valuation on latest funding round: FT
• The Self-Driving Car and the Coming Revolution in Auto Insurance: WSJ
• Apple co-founder Steve Wozniak warns of coming ‘internet of things’ bubble: TheAge