Sam Adams founder explains how 2 books helped him build a billion-dollar company – Bamboo Innovator Daily: 25 Jun (Thurs)

Life

• Sam Adams founder explains how 2 books helped him build a billion-dollar company: BI
• One trick introverts use to become influential public leaders; “If you have that conviction, it’s going to shine through.”: BI
• Better Lucky than Smart: Strategy&
• Interpublic CEO Says Creativity Is Still Advertising’s ‘Secret Sauce,’ Despite Endless Digital Talk at Cannes: WSJ
• Whatever Happened to Knowledge Management?: WSJ
• Mind-reading program translates thoughts into text: BI
• Startup CEOs need creativity more than managerial ability: Nikkei

Books

• Animal Madness: How Anxious Dogs, Compulsive Parrots, and Elephants in Recovery Help Us Understand Ourselves: Amazon

Investing Process

• The Lemons Problem: How Less Disclosure Affects Risk Perceptions: K@W
• IOOF scandal reaches board level in explosive speech by Senator John Williams: TheAge
• Hanergy declines to disclose parent’s accounts to HK bourse: Reuters
• Metric of the Month: Accounts Payable Process Cost; There’s a large gap between top performers and those companies that are spending the most to process accounts payable.: CFO
• Five Ways CFOs Can Focus on the Long Term: WSJ
• How Warren Buffett chooses a great stock, in 4 steps: BI
• AirAsia CEO Fernandes casts other work aside amid accounting worries: Reuters

Greater China

• Shadow lending crackdown looms over China’s stock market: FT
• The upstarts that challenge the power in Beijing; Baidu, Alibaba and Tencent are three internet groups that have turned much of China upside down: FT
• China’s Underground Market for Unethical 40-Year-Old Meat Worth $483M; one customs official who found the meat, which had been thawed and refrozen many times in transit, almost vomited when finding it. “”It was smelly”: WSJ
• Could Asia’s Richest Man Wang Jianlin Make REITs Obsolete?: Forbes
• Confusion Reigns At PBoC As Multi-Trillion Yuan Bailout Threatens To Undermine Rate Cuts: Zerohedge
• The World’s Exposure To China In 6 Easy Charts: Zerohedge
• China’s First REIT to List in Shenzhen: WSJ
• China Tech Stock Boom Falters as Traders Shun Soaring Valuations: Bloomberg
• Beijing may see silver lining in ballooning stock market: FT
• Cognitive dissonance and still rising margin positions in China: FT
• Slowing China Growth Saps Fortunes Of Taiwan’s Richest Entrepreneurs: Forbes
• Macau Slump Spreading From Gambling Tables to Property Market: Bloomberg
• Beijing manipulating stock markets as an experimental tool: WCT

India

• Indians drink way, way more whiskey than Americans; Indians consumed 1.5 billion litres of whiskey in 2014, completely dwarfing the United States’ 462 million litres: BI

Japan & Korea

•  As Samsung Proxy Fight Looms, Korea Sends Warning to Chaebol: Bloomberg
• Japanese Are Selling Their Diamonds for Cash: Bloomberg
• South Korean game makers go mobile: FT

ASEAN

• KFC to bring western fast-food to Myanmar: FT
• Share valuations of world’s top medical glove makers surge, all in Malaysia: Star

Macro

• Where Have All the Public Companies Gone? The U.S. now has half as many publicly listed companies trading on its exchanges as it did at the peak in 1996: Bloomberg
• Where are the Next Superpowers Brewing? Look At Beer Sales; Rising incomes and young populations are boosting beer sales in much of developing Asia: Bloomberg
• Buyback strategies could yet backfire; OECD concerned that process is being used as arbitrage: FT
• The CEO backlash: WaPo
• Robo Advisers to Run $2 Trillion by 2020 if This Model Is Right: Bloomberg

Energy & Commodities

• OPEC’s Oil Revenues Have Dropped Below $1 Trillion – Here’s What That Looks Like; The first time below $1 trillion since 2010: Bloomberg
• Itochu dumps shale gas stake for $1; The Japanese trading house took a stake in Samson back in 2011, spending 78 billion yen (about $1 billion at the time): Nikkei
• Molycorp Files for Bankruptcy, Proposes Debt Restructuring Plan: Bloomberg

Healthcare

• Novartis on digitizing medicine in an aging world: McKinsey
• Bonfire of the Biotech Vanities; If investors decide to pour fuel on a speculative fire, they shouldn’t be surprised if they eventually get burned. WSJ
• Pursuit of Cash Taints Promise of Gene Tests: NYT
• Options Bears Take Fresh Stab at Biotech Amid Rally Topping 500%: Bloomberg

TMT

• Bill Gates: We’re in the fastest period of technological innovation ever, and no one knows how that will affect the economy: BI
• Palantir goes from CIA-funded start-up to big business: FT
• Check Point Battles to Stay at Front Line in War Against Hackers: WSJ
• WeWork’s Valuation Soars to $10 Billion; Six months after investors placed a $5 billion valuation on WeWork, the New York-based provider of shared office space to small companies and technology startups has reached the $10 billion mark. WSJ
• Local.com Files for Bankruptcy; Company behind local search site blames sudden drop in traffic last year for liquidity issues: WSJ
• Data Centers and Hidden Water Use; In California, computer farms are under scrutiny for their large and growing use of water for cooling: WSJ
• THE $20 BILLION CLUB: Meet the 5 most valuable startups in the world: BI
• We asked an ad agency CEO, a publisher, and a CMO if they are worried about ad blocking: BI
• Once-hot news app Circa is shutting down: BI
• 50% of data consumed on mobile will be video by 2020: Chris Houghton: Forbes
• Email is technology’s cockroach which can’t be killed: Kevin Maney: Forbes

Consumer & Others

• Shake Shack’s french fry debacle, and how it recovered from its biggest mistake: FastCo
• IKEA Experiments With Click and Collect Stores in U.K.: WSJ
• Woolworths vs Woolworths: David Jones’ new owner to overhaul food business: TheAge
• Denim’s Decline Challenges Mall Operators; CFOs of mall companies should be extra careful now in who they grant leases to, bankruptcy attorney says. Sales of denim products, a $50 billion worldwide market, were down 6% in 2014, in large part due to consumers’ growing preference for lighter athletic wear from companies like Lululemon, Athleta, and Nike: CFO
• Here are the 30 most valuable liquor brands in the world: BI
• Around the world, here’s how much of your disposable income it costs to buy Smirnoff Vodka: BI
• Man who has eaten McDonald’s in more than 30 countries reveals who does it best: BI
• How higher prices are helping Olive Garden’s business: BI
• Wal-Mart has a massive plan that should terrify Whole Foods, Kroger, and Trader Joe’s: BI
• These 4 companies produce almost half of the world’s beer. and make 74% of the profits: BI
• Europe retailers Ahold and Delhaize to merge in Walmart challenge: FT
• McDonald’s Corp said it is aiming to sell all of its 413 Taiwan-based stores to a franchise operator, as the U.S. fast-food chain looks to cut costs globally and turn around its flagging China business. Reuters
• Here are the 30 most valuable liquor brands in the world: BI
• Chocolate that can remain solid at temperatures as high as 38 degrees Celsius, about 4 degrees warmer than most chocolate today, developed to unlock billions in potential profits in countries with warmer climates. Bloomberg
• H&M is counting the cost of its far-flung supply chain; Zara famously keeps its supply chain short and centralized near its home market of Spain, while H&M looks to cheaper but faraway places to source its stock: Quartz