The one thing all entrepreneurial people have in common; Higher Ambition: How Great Leaders Create Economic and Social Value; The Key: How Corporations Succeed by Solving the World’s Toughest Problems – Bamboo Innovator Daily: 26 Jul (Sun)

Life

• The one thing all entrepreneurial people have in common: BI
• How an investing giant taught Chicago kids financial literacy and disproved the doubters: Fortune
• People Offer Better Ideas When They Can’t See What Others Suggest: HBR

Books

• Higher Ambition: How Great Leaders Create Economic and Social Value : amazon
• The Key: How Corporations Succeed by Solving the World’s Toughest Problems : amazon
• High Commitment High Performance: How to Build A Resilient Organization for Sustained Advantage: amazon

Investing Process

• Berkshire Hathaway’s Bright Future; Warren Buffett has positioned Berkshire Hathaway to prosper long after he steps down as CEO. Barron’s
• Do Big Mutual Funds and ETFs Hurt Your Wallet?: WSJ
• Advisers’ Stock Recommendations Drag Down Clients’ Portfolios, Study Finds: WSJ
• Spinoff Frenzy Could Lead to Losses; Some corporate spinoffs unlock value, but others sharply underperform. How to spot winners and sinners: Barron’s

Greater China

• Collateral Damaged as Stock Pledges Proliferate; HSBC’s Roger Xie on how the use of stock to secure loans has left 25% of A-shares suspended from trade. Barron’s
• Is This Li Ka-shing’s Next Big Move? Daiwa says a merger of the tycoon’s Cheung Kong Infrastructure and Power Assets may be on the cards. Barron’s
• China to End Ban on Videogame Consoles; Gamers in China have turned to mobile and computer entertainment: WSJ

Japan & Korea

• Japan is home to a unique form of bicycle racing where riders must survive this intense 11-month bootcamp if they want to go pro; There are just four sports that patrons in Japan can bet on legally. A form of bicycle racing known as keirin is one of them: BI
• Japanese companies have swallowed up at least one foreign company a day, on average, for the last decade: qz
• Japan’s big banks snap up assets of downsizing Western counterparts: Nikkei
• FT: How the falcon flew to Nikkei’s nest: Nikkei

Macro

• Emerging Market Currencies Tumble to Record Low in ‘Violent’ Selloff: Bloomberg
• In Connecticut, the Twilight of a Trading Hub; Moves by the Royal Bank of Scotland and UBS to shrink operations in Stamford, Conn., are hitting the once booming Wall Street outpost hard: NYT

Energy & Commodities

• Hedge Funds Are Holding First-Ever Gold Net-Short Position: Bloomberg
• Oil Turning Back to Bear Erases $100 Billion From Shale Drillers: bloomberg
• These Leveraged ETFs Show Just How Bad the Commodities Crash Has Been: Bloomberg

Healthcare

• New study shows yet another reason not to overuse antibiotics: BI

TMT

• Spanish Startup Wins Billionaire Backing for ‘Google of Images’: bloomberg
• Pearson says in talks to sell its 50 pct stake in The Economist: Reuters
• Is Mikme the GoPro of Microphones?” FastCo
• A new future for the FT, without fear or favour; With a new Japanese owner, the pink ‘un embraces the next era: FT
• Is ESPN A Giant Bubble About To Burst?: Foxsports
• This startup wants to be the Amazon of Wi-Fi access for the Internet of things; Electric Imp makes it easy for companies large and small to add Wi-Fi.  Fortune

Consumer & Others

• Starbucks Attempts to Create a Caffeine-Based Currency: Bloomberg
• Lee jeanswear brand is weaving crushed jade stones into its jeans to keep wearers cooler: Bloomberg
• US coffee trend bodes ill for growers; US-based brands such as Folgers and Maxwell House, which have dominated mid-market sales of ground coffee in the US for decades, have seen their share of the market shrink as the use of Nespresso-like coffee pods and exclusive high-end beans has spread from the coasts across America. FT
• Diet Coke is dying: qz
• This woman’s name is in more than 25,000 nail salons: Fortune
• The newest hub for craft beer (Hint: Not Asheville): Fortune