Billionaire Sam Adams founder explains why ‘getting rich is life’s biggest booby trap’ – Bamboo Innovator Daily: 23 Jun (Tues)

Life

• Billionaire Sam Adams founder explains why ‘getting rich is life’s biggest booby trap’: BI
• Restless spirit paid off for Gain City founder: AsiaOne
• This tech CEO doesn’t just want to interview you – he also wants to meet your family; When you join a startup, everybody in your family has to be willing to “see past the ambiguity” that’s inherent to the process: BI
• The Benefits of Fidgeting for Students With ADHD; The children perform better on cognitive tasks when allowed to move freely: WSJ
• 7 psychological steps to getting people to trust you: BI
• Pixar’s imaginative ‘Inside Out’ was so powerful that it changed the way I understand my own emotions: BI
• Well-managed factories should have nothing to hide; Opening up encourages producers to clean up and improve the way they work: FT
• Education startups find profit in re-examining the way we teach children: FP
• Brand Britain must broaden its horizons; The world loves to buy British, so let’s focus on our manufacturing; Dyson and Cath Kidston are among them. All are successfully exporting a British definition of quality, reliability and taste. Telegraph
• Why Culture Matters For Startups – Q&A With Culture Influencer Cosmin Gheorghe: Forbes
• Family Ties Help When Firms Go Bust: Insead
• Tricks to prolong the family trade’s success: BT

Investing Process

• Toshiba accounting problems extended to chip, PC ops: Nikkei: Reuters
• Compass Group uncovered ‘suspected fraud’ at Kazakhstan joint venture: Guardian
• The Loneliness of the Short-Seller: NYT

Greater China

• Chinese Companies With No Heir Apparent: Bloomberg
• China Margin Trades Buckle Leaving $364 Billion at Risk: Bloomberg
• China Buyouts Exceeding $23 Billion Leave Investors Unfulfilled: Bloomberg
• China’s Plan for Local Debt Amounts to a Bailout: WSJ
• Legend’s Model for China: WSJ
• One of China’s top stock market regulators was just carted off to jail: BI
• The quest for the meaning of Chineseness from Beijing to US sitcoms: FT
• Illicit share financing linked to sharp Chinese stock fluctuations: WCT
• Oil clique bigwig deleted from Communist Party history: Nikkei
• Weaker shareholder rights may prove ominous for Hong Kong: BT
• China: Insiders Selling At Record Pace: Barron’s

India

• India infrastructure: Built on debt; Modi’s plans to improve roads, ports and railways look set to be hampered by debt-ridden companies: FT
• How “India Inc.” Can Own Frugal Innovation: Insead
• AirAsia Faces Red Tape and Tough Competition in India: NYT
• Modi’s Window for Reform Is Closing: Bloomberg

Japan & Korea

• SoftBank Sets Pay Record With $135M Pay for Nikesh Arora; “From a common sense perspective, Arora’s pay is too high. We don’t know what his actual achievements are yet in SoftBank, so this doesn’t give a good impression to the market.”: Bloomberg
• Korea Fund Has $18 Billion at Stake Backing Samsung on C&T: Bloomberg
• SoftBank’s Masayoshi Son ‘Bets The Ranch’ On Nikesh Arora: Forbes
• Japan Inc braces itself for tough annual meetings season: FT
• Japan’s AGM season set for lively new era; On paper at least, the season of annual meetings for companies in Japan beckons as being the liveliest in history. FT

ASEAN

• Private home prices in Singapore may decline another 10 per cent from current levels in the next two years, BNP Paribas warned in a research report: TODAY
• Tan Sri Peter Sondakh, said to be worth US$2.3bil, made his fortune by buying and selling companies, where he gained a reputation as a turnaround specialist. Star

Macro

• U.S. Growth No Longer Lifting Asia’s Exports: Bloomberg
• Fed Scoop Heralded Era of Closed Doors for $100,000 Newsletters: Bloomberg
• Australian housing market facing ‘bloodbath’ collapse: economists: TheAge
• Bond Trading Revenues Are Plunging On Wall Street, And Why It Is Going To Get Worse: Zerohedge
• Major Money Manager Braces for Bond-Market Collapse: Bloomberg
• Map: The biggest company in every state: WaPo
• Australian Stocks: Beware Tax Loss Selling, Plus The List of Shame: Barron’s

Energy & Commodities

• Mining write-downs all but wipe out cost of deals since 2007; over the last seven years, the world’s largest miners have built up impaired assets worth US$85bn and this represents 18% of their asset base: TheAge

Healthcare

• American Adults Surpass Children in Taking Drugs to Stay Focused: Bloomberg
• Drug makers are interested in an ancient Chinese medicine after Harvard found out how it works: BI
• Blood Pressure, the Mystery Number: NYT

TMT

• Google didn’t lead the self-driving vehicle revolution. John Deere did. “John Deere is the largest operator of autonomous vehicles” : WaPo
• Apple’s about-face reveals cracks in music industry: WaPo
• Raising your Digital Quotient: Following the leader is a dangerous game. It’s better to focus on building an organization and culture that can realize the strategy that’s right for you. McKinsey
• Which local Aussie online firm has disrupted and cornered homewares?: SMH
• Why Taylor Swift Succeeded Where Record Labels, Indies Failed: Bloomberg
• This is Microsoft’s ambitious plan to own virtual reality: BI
• How Instagram is killing Gap’s business: BI
• Instacart to turn shoppers into employees: FT
• The story of the invention that could revolutionize batteries-and maybe American manufacturing as well: Quartz
• Samsung’s ‘see-through’ truck could make it less terrifying to drive next to big rigs: Quartz
• Alibaba is selling US e-commerce site 11 Main just a year after it opened: Quartz
• The venture capital firms that are best at spotting unicorns: Quartz
• The Alibaba of the services industry: Freelancer’s Matt Barrie: e27
• Parking innovator Divvy wins $2.5m funding and big commercial property partners; Divvy has developed an Airbnb-style platform to unlock the latent value in the thousands of under-used car parking spaces around Australia. BRW
• Nearly half of Asians shop on smartphones: Nikkei
• Why The Netherlands Is Telling Its Tech Startups To Leave The Country: Forbes
• Who cares about cost when chasing unicorns: FT
• California ruling seen unlikely to dent value of Uber, other start-ups: Reuters

Consumer & Others

• Martha Stewart’s Media Empire Sold for Fraction of Its Former Value: NYT
• General Mills to Remove Artificial Flavors, Colors from All Cereals: WSJ
• How obscure luxury brand Moschino sold 10 times the merchandise in only 2 years: BI, NYT
• Startup Dollar Shave Club that sells $1 razors is now worth $615 million thanks to campaigns like, ‘Our blades are f-ing great!’: BI, WSJ
• Starbucks might have a sketchy ulterior motive for suddenly closing its bakery chain: BI
• Why Walmart crushed Target in Canada; Walmart’s sales per square foot in Canada were five times higher than the bullseye-logoed retailer : FP
• Vaping takes off as e-cigarette sales break through $6bn; UK sales of nicotine replacements such as patches and gum fell for the first time in years as consumers turned to vaping devices: Telegraph