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The Key to Making Smarter Long-term Decisions; Instead of following your passion, find a career that changes people’s lives; Flannery O’Connor on Art, Integrity, and the Writer’s Responsibility to His or Her Talent – Bamboo Innovator Daily: 9 Jul (Thurs)

Life

  • The Key to Making Smarter Long-term Decisions: K@W
  • Instead of following your passion, find a career that changes people’s lives: qz
  • Flannery O’Connor on Art, Integrity, and the Writer’s Responsibility to His or Her Talent: BP
  • Ten Pairs of Opposite Traits That Creative People Exhibit: Farnam
  • Leadership Is a Contact Sport: The “Follow-up Factor” in Management Development: Strategu&
  • Researchers discovered a psychological trick that will help you stop procrastinating: BI
  • Who’s In Charge Of Asia’s Family Businesses? Forbes
  • Are Marshall Goldsmith’s Triggers the Only Way to Change?: Strategy&

Investing Process

  • Toshiba reportedly used accounting tricks to delay losses; Toshiba Declines After Report Probe May Lead to Asset Sales: Nikkei, Bloomberg
  • Folli Follie and the receivables question: FT
  • Billionaire Rales brothers ready for a new act in split of Danaher Corp.: WaPo
  • A Dozen Things I’ve Learned from Leon Cooperman About Investing: 25iq

Greater China

  • The Man Tasked With Stopping China’s Stock Selloff; Xiao Gang, China’s top stocks cop, is trying to stop the drop: WSJ
  • The Chinese stock market is the world’s biggest casino: theAge
  • China’s Troubles Hit Commodities; Slump in stock market, slower economic growth choke off recoveries from oil to iron ore: WSJ
  • China’s pledged collateral and those margin calls: FT
  • The beat goes on: Audio apps in China experience growing pains: WCT
  • China’s stockmarket crash: Uncle Xi’s bear market; China learns that stocks are beyond the Communist Party’s control: Economist
  • Calibrating Chinese creativity: The sceptics exaggerate: in some industries Chinese firms are innovative: Economist
  • The Problem With China’s Efforts to Prop Up Its Stock Market: NYT
  • Beijing Finds Bad Habits Are Hard to Break; China’s markets are paying the price for policies that encouraged speculators to switch from property into shares.: Barron’s
  • People are worrying that the Chinese investors who mortgaged their houses to buy stocks may trigger a new subprime crisis: BI
  • Chinese indices are removed from reality: FT
  • China market rout: the ordinary people with a taste for trading: FT
  • Regulators on hook for China stock slide; Undergunned markets watchdog faces dilemma over response: FT
  • PBoC tests QE with Chinese characteristics; Central bank action resembles western moves in 2008 crisis: FT
  •  China’s stock slump pits the party against punters: FT
  • China’s Tech Startups Face Tougher Fundraising Terrain: WSJ
  • China’s “Sweet & Sour” Plunge Protection Lessons From 1987: Zerohedge
  • Chinese Investors Pull Back from Margin Financing: WSJ
  • China Fund Redemptions Blocked in Japan After Trading Halts: Bloomberg
  • $154 Billion in Share Sales Stuck After Chinese Market Meltdown: Bloomberg
  • Chinese brokers woken from global dreams by market emergency: Reuters
  • Asian Millionaires Are Dumping Chinese Junk Bonds: Bloomberg
  • Gross Didn’t Execute China Short Trade That He Suggested: Bloomberg
  • Who Blew Up China’s Stock Bubble?: Bloomberg
  • China’s Stock Sale Ban Draws Scorn From Templeton, Wells Fargo: Bloomberg
  • China’s ‘Dow 36,000’ Moment: Bloomberg
  • China Lets Banks Roll Over Loans Backed by Share Pledges: Bloomberg
  • China’s Toxic Stock Market Brew Spills Over; Ten days into the rescue scramble, the complications only seem to mount: WSJ
  • Why Beijing’s Efforts Have Failed to Tame China’s Stock Market; The more the government intervenes, the jumpier investors get; $3.5 trillion in value gone: WSJ
  • China bans big shareholders from cutting stakes for next six months: Reuters
  • This is why so many Chinese companies are suspended; Chinese companies have been using their own corporate stock to secure loans from banks. That means that they stand to lose a lot when those share prices start trending dramatically lower: theAge
  • The profit of Chinese actress Vicki Zhao from her investment in HK-listed Alibaba Pictures, a mainland company, has fallen massively from 5.4 billion yuan (S$1.2 billion) to 1.4 billion yuan in just three months: AsiaOne

India

  • Industrial parks give boost to Modi’s ‘Make in India’ drive: Nikkei
  • Investors in dark about real worth of securities: Nikkei
  • India’s two-speed inflation strains country’s indebted companies: Reuters

Japan & Korea

  • Corporate governance in South Korea: Reconstructing Samsung; A bid to merge two of the group’s companies raises wider questions: Economist
  • Samsung’s largest contract maker in China left high and dry: WCT
  • Toyo Tire’s problems stem from its corporate culture: Nikkei
  •  South Korean conglomerates pushed to improve transparency: Nikkei
  • Samsung Merger May Hinge on Nine Wise Men; A council of mainly academics with key voting powers at South Korea’s pension service is gaining attention ahead of the merger between Samsung C&T and Cheil Industries: WSJ
  • The Potato Chip Frenzy in Korea; Stores can’t keep ‘Honey Butter Chip’ in stock; for international foodies, could this be the next Sriracha?: WSJ
  • Toilet Seat and Diamond Companies Drop in Japan on China Plunge: Bloomberg
  • Squeezed by China and Japan, Korea Is Rethinking Export Policy: Bloomberg

ASEAN

  • Editorial: Indonesia Backslides Into Feudalism: JG
  • Asia beer battle bubbles up as Heineken launches in Myanmar: FT
  • Thai PM denies rumours that he wired billions in cash to Singapore: TODAY

Macro

  • F-Squared Investments, the largest marketer of index products using exchange-traded funds (ETFs), filed for Chapter 11 bankruptcy protection : VW
  • This Chart Shows How Complex the U.S. Stock Market Has Become: Bloomberg
  • NYSE Outage raises new worries for financial markets: WaPo
  • NYSE shut down for nearly four hours by technical glitch: Reuters, WSJ

Energy & Commodities

  • Chevron’s US$54bil Gorgon LNG project – the world’s most expensive – may be forced to dump chunks of its early production onto an already saturated global spot market, as some Japanese clients warn they are unlikely to take up test shipments: Star
  • Mining’s $143 Billion Stock Rout Signals Escalating China Fears: Bloomberg
  • Iron ore plunges 10pc amid extended China market rout: TheAge

Healthcare

  • Treating cancer: Colourful chemotherapy; Optical switching may abolish the side effects of cancer drugs: Economist
  • Scientists are trying to cure infections by studying bacteria-on-bacteria cage matches: BI
  • Vitals Aims To Be The Priceline Of American Healthcare: Forbes
  • Making Patients Pay for Drugs Could Breed Superbugs; People seeking cheaper treatments on the black market may be driving the global spread of drug-resistant pathogens: bloomberg

TMT

  • Why Amazon Should Fear Alibaba: Forbes
  • Finding the speed to innovate; Companies can test and launch digital products and services faster, and at lower cost, by integrating their product development and IT operations, also known as DevOps.: McKinsey
  • Netflix and the conservation of attractive profits: stratechery
  • News In Shorts raises US$20M in Series B funding from Tiger Global; News in Shorts gives 60-word summaries of the day’s top stories spanning across a range of categories: e27
  • A Few Thoughts On Microsoft’s Massive Writedown: Techcrunch
  • The 7 Drivers Of The $150 Billion AR/VR Industry: Techcrunch
  • Microsoft’s Write-Down on Nokia Adds to String of Merger Missteps; Microsoft’s total merger-related write-downs now tally about $14 billion over the last three years.: NYT
  • China stems stocks rout, but market faces lengthy hangover: Reuters
  • Can wearables overcome initial failures and go mainstream?: BI
  • One guy launched a website and made millions without hiring a single employee – now he’s sold it for $100 million: BI
  • Here’s an interesting theory on how Facebook could more valuable than Google in just three years: Google’s core business (selling ads on search) is still “built on intent signals.” Facebook’s core business is built on “identity signals.”: BI
  • Robots on Wall Street? Firms Try Out Automated Analyst Reports; Startups use artificial intelligence to write research; services gain traction at banks, fund firms: WSJ
  • The Bloomberg terminal: clunky, costly, addictive, ubiquitous: FT
  • Microsoft’s Four Most Costly Blunders Besides Nokia: Bloomberg
  • The Man Who Taught Mutual Funds How to Invest in Startups: Bloomberg
  • Google’s ad system has become too big to control: Wired
  • We Dare You to Pronounce Logitech’s New Name; Logitech is dropping the tech. That leaves … Logi: Bloomberg

Consumer & Others

  • Australia’s Slump Socks Apparel Chains; Arrivals of H&M, Zara, Uniqlo were poorly timed with mining downturn, weak currency: WSJ
  •  Inside Target’s Tech Funhouse and Search for Its Next Billion-Dollar Business: Economist
  • Procter & Gamble Agrees to Sell Beauty Brands; Deal with Coty-valued around $13 billion-includes Clairol, Covergirl and Wella: WSJ
  • This company raised $86 million to revolutionize the tired, boring world of socks; Stance has a state-of-the-art facility, a new deal with the NBA, lots of celebrity love, and a mission to lead a category left for dead.: FastCo
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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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