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