How To Raise A Billionaire: An Interview With Elon Musk’s Father, Errol Musk; Winifred Gallagher On Living a Focused Life – Bamboo Innovator Daily: 2 Jul (Thurs)

Life

  • How To Raise A Billionaire: An Interview With Elon Musk’s Father, Errol Musk: Forbes
  • Winifred Gallagher On Living a Focused Life: Farnam
  • After studying 500 millionaires, a journalist noticed one characteristic they all had in common: decisiveness: BI
  • The Secret To Walt Disney’s Corporate Strategy: FastCo
  • Persuasion Depends Mostly on the Audience: HBR
  •  Ten tips for writing a book without making your head explode: JasonZweig
  • There’s a dark side to startups, and it haunts 30% of the world’s most brilliant people: BI

Investing Process

  • Enron’s former CFO cautioned that modern accounting methods could be legal while still presenting a misleading picture of a company’s health; “I was not the chief financial officer. I was the chief loophole officer”: FT
  • Hong Kong share suspensions irk investors: FT
  • Warren Buffett’s international investments ‘dull’, Credit Suisse says: TheAge
  • The ‘Dark Side’ of Dual Directors in Corporate Spin-offs: K@W
  • SEC Opens Comment Period for Auditor Disclosure: WSJ
  • Can Winston Churchill’s grandson save Serco? And is it worth saving? Serco capitalised on decades of government privatisation before scandal and mismanagement made it a poster-child for the dangers of outsourcing. Now it’s struggling for survival. The trouble started in the spring. A young civil servant, a fast-streamer in the Ministry of Justice, noticed strange numbers in the documents submitted by Serco: Guardian
  • Noble Group Distracted by Bonfire of Its Equity; Noble Group has been busy buying back its beleaguered stock. That risks weakening the Asian commodity trader’s more important fight: defending its credit.: WSJ
  • Byron Wien on ‘Only Way to Make Serious Money’: The Wall Street veteran interviews a wise colleague who argues that tech and biotech is where the action is.: Barron’s
  • Rule From S.E.C. Would Allow Companies to Take Back Executive Bonuses: NYT
  • SEC Considers Tougher Audit Committee Disclosures: AT
  •  Investors strike off-market deals in Hanergy shares: FT

Greater China

  • For American pundits, China isn’t a country. It’s a fantasyland. WaPo
  • WisdomTree Announces China ex-State-Owned Enterprises Fund (CXSE): Wisdomtree
  • Asia’s Rich Show Love for Junk Bonds; Private-bank clients in region have loaded up on high-yield debt, a market dominated by Chinese property firms: WSJ
  • For China’s Hottest Stocks, a 77% Gain in Four Days Is Bad News: Bloomberg
  • How Quanta shifted gears when computer sales slowed: Nikkei
  • China’s equity bubble has echoes of Nasdaq in 2000: FT
  • Trader Fights the Market: Ye buy shares in an electronics company using three stock accounts—10 million yuan each—at prices about 3% above the spot price. Fifteen minutes before the market closed, the orders appeared to hit the market. : WSJ
  • Chinese relaxation of lending rules fails to support flagging stocks: FT
  • FT Explainer: Why are China’s stock markets so volatile?: FT
  • China Races To Rescue Stocks As Margin Mania Unwind Wreaks Havoc: Zerohedge
  • China’s Fix for a Margin-Debt Boom Roiling Stocks? More Leverage: Bloomberg
  • World Bank warns China to reform ‘distorted’ financial system: FT

India

  • How Sophisticated Investors Were Hurt in India: WSJ

Japan & Korea

  • Speed Traders Now Have a Way to Cut Out Brokerages in Japan: Bloomberg
  • Samsung Group Is Doing a Cozy Merger: Bloomberg
  • AmorePacific chief becomes richest man in stock value in S. Korea, overtaking former No. 1 Samsung Group Chairman Lee Kun-hee: KH
  • Haneda airport to be used as testing ground for robot technology: JT
  • Surprise, Surprise! Korean Court Favors Samsung Heirs In Merger Fight With Elliott For Inheritance: Forbes
  • Casio Bets on a Watch That Is Smart; Japanese watchmaker hopes to outmaneuver Apple Watch’s technical wizardry: WSJ
  • A veteran of the first smartwatch boom eyes the exit at Casio: FT

ASEAN

  •  How to react soberly to a government clampdown on your industry; Thailand’s two major beer-makers have been stepping up their property development businesses in a bid to bolster revenue: Nikkei
  • No Rest for Malaysia: Investors Seek Fixes Beyond Fitch Approval: Bloomberg

Macro

  • The “Smartest Money” Is Liquidating Stocks At A Record Pace: “Selling Everything That’s Not Bolted Down”: Zerohedge

Energy & Commodities

Healthcare

  • Sepsis: the largely unknown condition that puts one million people in the hospital each year; Sepsis a severe health problem sparked by your body’s reaction to infection: Conversation

TMT

  • An American giant robot just challenged a Japanese giant robot to a duel: Quartz
  • Here’s what Mark Zuckerberg thinks about the future of news: fortune
  • Quit tapping your phone. Amazon thinks you’ll talk to the smart home: Fortune
  • $10 billion tech unicorn WeWork told us why it thinks it will survive if the bubble bursts: BI
  • Big companies and startups alike are jumping all over a trendy new tech called ‘microservices’ – here’s why: BI
  • Facebook’s New Video Ads Are a Twist on TV’s Commercial Break: WSJ
  • As More Tech Start-Ups Stay Private, So Does the Money: NYT
  •  How Facebook and Campbell Soup Are Trying to Read Your Mind: Bloomberg
  • How a subscription model could benefit your business; Technological change is helping drive return of the model: FT
  • The future of news: Stop the presses! Will established newspaper and magazine brands be helped or hindered by link-up with Apple and Facebook?: FT

Consumer & Others

  • Revamped Bubble Wrap Loses Its Pop; Sealed Air, maker of the iconic packaging material, is rolling out a new flat version to cut down on the high costs of shipping air: WSJ
  • Dyson Is Hiring. Wants Its ‘Fluffy’ Vacuums to Clean Your Floors: Bloomberg
  • Chick-fil-A’s secret to becoming America’s favorite restaurant chain: BI
  • Coke flags Myanmar business partner’s jade industry link: FT
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About bambooinnovator
KB Kee is the Managing Editor of the Moat Report Asia (www.moatreport.com), a research service focused exclusively on highlighting undervalued wide-moat businesses in Asia; subscribers from North America, Europe, the Oceania and Asia include professional value investors with over $20 billion in asset under management in equities, some of the world’s biggest secretive global hedge fund giants, and savvy private individual investors who are lifelong learners in the art of value investing. KB has been rooted in the principles of value investing for over a decade as an analyst in Asian capital markets. He was head of research and fund manager at a Singapore-based value investment firm. As a member of the investment committee, he helped the firm’s Asia-focused equity funds significantly outperform the benchmark index. He was previously the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. KB has trained CEOs, entrepreneurs, CFOs, management executives in business strategy, value investing, macroeconomic and industry trends, and detecting accounting frauds in Singapore, HK and China. KB was a faculty (accounting) at SMU teaching accounting courses. KB is currently the Chief Investment Officer at an ASX-listed investment holdings company since September 2015, helping to manage the listed Asian equities investments in the Hidden Champions Fund. Disclaimer: This article is for discussion purposes only and does not constitute an offer, recommendation or solicitation to buy or sell any investments, securities, futures or options. All articles in the website reflect the personal opinions of the writer.

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