From working as a parking lot attendant to taming lions, here are the summer jobs 19 super successful people had before they were famous; How the microwave was invented by a radar engineer who accidentally cooked a candy bar in his pocket – Bamboo Innovator Daily: 4 Jul (Sat)

Life

  • Behold Ontario’s truck stop king: Ken Tanenbaum’s empire sprawls over 1,000 kilometres and never closes: FP
  • From working as a parking lot attendant to taming lions, here are the summer jobs 19 super successful people had before they were famous: BI
  • How the microwave was invented by a radar engineer who accidentally cooked a candy bar in his pocket: BI
  • The ultimate lesson of being an astronaut: Trust your team: qz
  • 78 years ago, a journalist studied 500 rich men and boiled down their success into 13 steps: BI
  • Karl Lagerfeld: King of couture; The fashion designer on 50 years at Fendi and the power of ‘fantasy fur’: FT
  • Lunch with the FT: Pavel Durov, the tech entrepreneur talks about founding Russia’s biggest social networking app VKontakte which revolutionised the Russian internet, falling out with Putin and life as an international nomad: FT
  • What Jackie Chan Taught Will Smith And Jay Z: Forbes
  • What Did Lincoln Really Think of Jefferson?: NYT

Investing Process

  • [From archives] An increasing number of Chinese companies were delisted or privatized due to class action fraud litigations and short-selling pressure from institutional investors: HKTDC
  • China Firms Fleeing U.S. Listings Leave Bondholders in Dark; “The implication of the privatization wave for bondholders is once the company is delisted, there is likely to be less financial disclosure.. This means that if the company does any profit warning, they are not required to file in the stock exchange anymore.”: Bloomberg
  • Toshiba may need to mark down past earnings by over US$1.22 billion, nearly triple an earlier estimate, after an ongoing investigation into past accounting practices found more irregularities; Toshiba seen lopping more than 150bn yen off past profits; Toshiba is believed to have padded books in all its main businesses.: Nikkei, Reuters

Greater China

  • Nearly quarter of Chinese investors ‘suffer over 50 per cent losses’ as stock market slumps, survey suggests: SCMP
  • Untameable market: A bad week for China’s stockmarkets could be felt for years to come: Economist
  • China’s “shadow lenders” line pockets even as bourses bomb: Reuters
  • Accounts Receivables, China’s Other Credit Problem: MM
  • Chinese equities: Aren’t markets manipulated on the way up?: Economist
  • China Market Causes Headache for Big Foreign Drug Companies; The country used to be a source of fat profits for major medicine makers, but expiring patents and policy changes are forcing them to adjust: Caixin
  • The speed at which the focus of China’s volatile market has gone from slowing a runaway rally to stopping the rot has drawn comparisons with the bursting of the Nikkei bubble of the late 1980s, and the Nasdaq boom and bust cycle a decade later: FT
  • SFC bans chairmen of Chevalier, ENM from stock trading over code breach more than a decade ago by helping the late Nina Wang increase her holdings in a company without making a general offer to small shareholders. SCMP
  • Talk of ‘foreign crocodiles’ in China’s stock markets vastly overrated: SCMP
  • Troubling Lessons in China’s Crumbling Stock Market: WSJ
  • Liu Yiqian, a taxi-driver-turned-billionaire who made most of his money from the stock market, marked his return by posting a picture on WeChat of his five-computer trading desk. The market continued its downward spiral.: WSJ

India

  • Meet Swati Bhargava, a small town girl who built India’s top cashback site: e27

Japan & Korea

  • Korea’s wonky won defies convention; Emerging market currencies slide when the US raises rates, but the won defies gravity: FT
  • Smart tags to take on scourge of fake sake; Paper stickers embedded with smart tags devised by Toppan Printing will be stuck on top of sake bottles before shipment. Data from the tags will be read during inspections: Nikkei
  • Japan enacts law to ascribe employee inventions to firms: JT
  • Samsung Merger Not Backed by Proxy Advisers ISS, Glass Lewis; The two proxy-advisory firms say the proposed deal heavily favors Samsung’s controlling Lee family: WSJ

ASEAN

  •  Currency slump dents corporate Indonesia: FT
  • Malaysian Anticorruption Body to Look Into Flow of Money to Najib; Ringgit hits fresh 10-year low against U.S. dollar after Journal report: WSJ
  • On Uber’s Rocky Road Through Jakarta, the Relentless March of Technology: JG

Macro

  • Value Partners founder Cheah Cheng Hye sees a global financial crisis happening ‘sooner or later’.: Star1, Star2

Energy & Commodities

  • Shale glut turbocharges America’s motoring revival; Ford ramps up output as US drivers make use of lower fuel costs: FT

Healthcare

  • Medical Mysteries of the Heart: NYT
  • Effective Concussion Treatment Remains Frustratingly Elusive, Despite a Booming Industry; Start-ups and doctors are in zealous pursuit of new and sometimes controversial ways to prevent, detect and treat concussions: NYT

TMT

  • From Archives: Debunking myths in sheep land; meet the innovators of New Zealand: e27
  • Apple has filed a patent for a new feature that could kill off third-party payment apps: BI
  • The ‘terrifying’ moment in 2012 when YouTube changed its entire philosophy: BI
  • Bond traders face pitfalls of technology: FT
  • The business behind Minecraft; A look at the computer game’s swift journey from indie hit to Microsoft acquisition: FT
  • The physics of technology: Applied Materials’ former chairman Michael Splinter give his take on what moves technology. BT
  • How to Race With-and Not Against-Machines: WSJ

Consumer & Others

  • Nike co-founder Knight steps down from unrivalled sports empire; ‘Nike has always been more than just a company – it has been my life’s passion’, co-founder Phil Knight said in stepping down” FT
  • Electrolux’s Plan to Buy GE’s Appliances Unit Doesn’t Worry Major Customers; “They know that if they slip up a little bit, Whirlpool-KitchenAid is on their heels” : WSJ
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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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