Life lessons 9 successful people learned from failing; The Power of Gratitude; Riveted: The Science of Why Jokes Make Us Laugh, Movies Make Us Cry, and Religion Makes Us Feel One with the Universe; Scepticism can help us to build resistance to riveting ideas that turn out to be duds – Bamboo Innovator Daily: 21 Jul (Tues)

Life

• Life lessons 9 successful people learned from failing: BI
• The Power of Gratitude: Insead
• Billy Beane on Making Better Decisions, Challenging Entrenched Thinking, and Avoiding Biases: Farnam
• How Situations Influence Decisions: Farnam
• The key to long-term success; Growing a business goes beyond selling high-quality products. Fortune
• Write 40+ books in your lifetime using Anthony Trollope’s 15-minute daily routine: qz
• 12 psychological tricks to winning people over: BI
• A scientist who studies psychopaths found out he was one by accident – and it completely changed his life: BI
• Daughters taking over the family business; “One dirty little secret is that the advisers don’t like family businesses successors; they perceive that they are spoiled and entitled. But they are human beings like everyone else, and they sometimes have an agenda”: AsiaOne

Books

• Riveted: The Science of Why Jokes Make Us Laugh, Movies Make Us Cry, and Religion Makes Us Feel One with the Universe : Amazon

Investing Process

• How an obscure toy maker was transformed into Hanergy Thin Film, a solar group whose value touched $40bn before a dramatic fall back to earth: FT
• Hanergy Cancels Deal with Parent Company to Buy Solar Panels: WSJ
• 2 bosses’ rivalry helped fuel Toshiba’s bad accounting; Toshiba may face shareholder lawsuits; Scathing report says Toshiba CEOs had role in accounting scandal: FT, Nikkei
• The 7 Biggest Corporate Scandals in Japan: Bloomberg
• The trouble with non-binding offers; buyout rules should insist that company’s that make an indicative non-binding bid should either go ahead with an offer post due diligence or provide the market with a detailed explanation on why it intends to abort the deal. Only then will minority shareholders be assured that they are not being taken for a ride. Star
• The advertising CEO at the center of an SEC investigation into his multi-million dollar expenses bill has just quit: BI
• Auditor Rotation May Actually Inhibit Skepticism: CFO
• IAASB Revises International Auditing Standards to Emphasize Disclosures: AT

Greater China

• How China Market Thinned as It Plunged: Already sharply reduced by suspensions, the number of stocks freely trading was further constrained by daily limits: WSJ
• China and those (more severe) capital outflows: FT
• Shrinking China Trade Drags on Hong Kong to Singapore Banks: Bloomberg
• The truck dispatch software market is one to watch in China: WCT
• Beijing throwing everything at stock market because that’s easier than tackling triple bubble: SCMP
• China’s suspension of IPOs amid stock market crisis not a ‘good measure’, says Levin Zhu, son of former premier Zhu Rongji: SCMP
• China’s stocks are up, but at what cost?: SCMP
• Leverage overhang leaves mainland China stocks exposed to fresh falls: SCMP
• Chart of the day: China stock turmoil may be pure collateral damage: SCMP
• Beijing stabilized the market.  Now it has to deal with the unwanted lizards, snakes, and gorillas.: Balding
• Gamblers on Chinese stocks abandon their fortune to fate; When a table’s numbers shift, the gamblers hare off to a luckier one: FT
• False dawn? China economy steadies, but some fear it won’t last: Reuters
• The Brokers Left Stranded When China’s IPO Party Suddenly Ended: Bloomberg
• Alibaba, Tencent team up with major traditional retailers: AsiaOne
• Price war looms in China as high-end smartphone market takes off: AsiaOne
• As Markets Swing, Beijing Steadies Yuan; A decade after Beijing lifted its official peg to the dollar, its control of the yuan could set back ambitions to broaden use of the currency: WSJ
• Ling Jihua’s Expulsion Gives ‘Shot in the Arm’ to Anticorruption Drive: WSJ

India

• Diamond Cutters Turned Stent Makers in India Challenge Abbott: Bloomberg
• Modi Tries, Again, for India’s Biggest Economy Reform Since ’91: Bloomberg
• Is it end of the line for South Asia’s ship graveyards?: Reuters

Japan & Korea

• Toshiba, Abe scaring global investors from Japanese stocks: Nikkei
• South Korea Offers Cautious Defense of Samsung Merger; Minister says while corporate governance standards need to improve, longer-term shareholder interests lie in stable management: WSJ
• Shin Dong-bin gains complete control of Lotte, both in Korea, Japan: KH
•  CJ chief unlikely to get pardon: KT
• Prosecutors are investigating the head of KT&G, Korea’s largest tobacco and ginseng maker, over allegations of embezzlement and breach of trust.: KT
• A Japanese company is developing ‘Ironman’-like robotic suits to give workers super strength: BI
• Samsung speeding up leadership transfer; Lee owns just 0.57 percent of the tech giant. After the merger, a combined 11.84 percent stake in Samsung Electronics will be under his control.: AsiaOne

ASEAN

• Najib’s Network Shields Malaysia Premier Amid Money Trail Claims: Bloomberg
• Dagon City’s Demise Casts Doubts on Myanmar; Developers uncertain about Asian market after Buddhist monks block luxury project: WSJ
• Vietnamese equities are outperforming the rest of Southeast Asia ahead of a long-awaited move in September by the government to finally dismantle a 49 percent foreign ownership cap on a number of listed companies.: JG
• The Singapore exception: To continue to flourish in its second half-century, South-East Asia’s miracle city-state will need to change its ways: Economist

Macro

• With twice the debt of California, Ontario is now the world’s most indebted sub-sovereign borrower: FP
• Magical thinking divorces markets from reality; Prices should be discovered in the market, not administered by a government, writes James Grant: FT
• Subprime Auto-Loan Titan Defends Longer Terms as New Normal: Bloomberg
• Swiss Asia Adds 17 Hedge Funds as Assets Reach S$2.5 Billion: Bloomberg
• Fed Lifts Capital Requirements for Banks; J.P. Morgan faces highest capital increase of the group at 4.5% of risk-weighted assets: WSJ
• Companies Disclose Pay Ratio Before SEC’s Final Rule: WSJ

Energy & Commodities

• Commodities: The great bear market: Economist
•  Wall Street Lenders Growing Impatient With U.S. Shale Revolution: Bloomberg
• Gold Leads Commodities ‘Mess’ That Has Many Investors Smarting: Bloomberg
•  Global miners face succession crisis as old guard nears retirement: Reuters

Healthcare

• Scientists just took a major step forward in understanding Alzheimer’s: BI
• An epiphany at a rock concert helped a sick man invent a device to help himself breathe easier: BI
• Scientists keep finding more evidence that bacteria in your stomach are connected to your mood: BI, NYT
• Caveats, costs and complexities shadow first malaria vaccine: Reuters
• The Pharma Industry Thinks It Finally Has a Fix for Migraines; “Let’s say CGRP is the key and the receptor is the lock. When the key goes into the lock, it sets off migraine pain. We are blocking that key from getting into the lock: Bloomberg

TMT

• PayPal’s Debut Market Value Tops EBay’s as Investors Seek Growth: Bloomberg
• Facebook is now more valuable than General Electric: BI
• Fear Trumps Greed in Silicon Valley as Some Venture Firms Hedge: Bloomberg
• Online subscriptions up 40pc as shoppers seek last-minute gifts; From monthly sock deliveries to cake through the letterbox, online subscription businesses are booming: Telegraph
• PayPal is now worth more than Netflix, eBay, and Twitter: BI
• Yahoo’s Alibaba Spinoff Creates Unparallel Lines; Holding Aabaco is a bet that Alibaba chooses to snap up its shadow sooner rather than later: WSJ
• Moore’s Law is 50 years old but will it continue?: Conversation

Consumer & Others