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