Daniel Kahneman: ‘What would I eliminate if I had a magic wand? Overconfidence’; Why Empathy Matters In Investing – Bamboo Innovator Daily: 27 Jul (Mon)

Life

  • Daniel Kahneman: ‘What would I eliminate if I had a magic wand? Overconfidence’: Guardian
  • 10 CEOs who prove liberal arts degrees aren’t worthless: BI
  • Susan Cain Instigates a ‘Quiet Revolution’ of Introverts With Speeches and Company: NYT
  • 7 things you can do to be a better communicator: BI
  • 7 ways to talk about yourself without sounding like a jerk: BI

Investing Process

  • Why Empathy Matters In Investing: Fundoo
  • The going gets tough for value managers: FT

Greater China

  • Can All Chinese Debt Be Rated A+? Around 97% of yuan-denominated bonds hold top ratings at home: WSJ
  • The US$26 trillion debt problem that is crushing competitiveness in China: SCMP
  • Private firms in China suffering under huge debts: WCT
  • It’s Not Just Margin Debt: Presenting The Complete Chinese Stock Market Ponzi Schematic: Zerohedge
  • China Stocks Sink Most Since 2007 as State-Induced Calm Shatters: Bloomberg
  • How one of China’s most powerful men fell from grace: BI
  • Virtual network operators unprofitable in China: WCT
  • China’s Warcraft III champion has made a mouse to monitor gamers like traditional athletes: qz
  • Companies tap mobile payment market in Taiwan: WCT
  • When 60,000 taxis are not enough for Shanghai; While anti-Uber protests are on the rise, the demand for such services cannot be dismissed: SCMP
  • China online finance rules balance innovation and risk control: FT
  • China car market braces for abnormal era of flat sales; Bleak outlook hovers over an industry that has been a cash cow for carmakers: FT
  • China’s Baidu Tries to Wrangle Edge Over Rivals: WSJ
  • Danone’s New Boss Looks to Revive Fortunes in China; French dairy giant drops efforts to revive flagship infant formula unit in China after massive food scare: WSJ

India

  • India’s reforms target labour anarchy, but too late for some: Reuters
  • Mumbai Is Overflowing with Garbage: Bloomberg

Japan & Korea

  • Toshiba scandal exposes Japan Inc.’s governance flaws: AsiaOne
  • Creative economy for Korea: KT
  • Ambitious Suzuki: New president takes over from charismatic father: Nikkei
  • Deep-Sea Plan Fails, Leaving Korean Shipyards Struggling: Bloomberg

ASEAN

  • 1MDB saga: A tale of debt, money trails and allegations: AsiaOne
  • Neighbors may not welcome Thailand’s SEZs: Nikkei
  • Chinese tourists spurn SE Asia holidays; Key Southeast Asian markets have seen a marked drop in Chinese tourists, a growth sector across much of the globe, as air crashes and geopolitical tensions take their toll. FT
  • Singapore’s Accounting and Corporate Regulatory Authority (Acra) issues 10,000 summonses every year to “errant” directors. : BT
  • Mr Bean’s royal Cinderella tale: The soya milk chain has gone from strength to strength in the past 20 years to become an extensive local and regional chain.: BT
  • Philippines lustre dims as investors look beyond Aquino: AsiaOne
  • Kuala Lumpur’s $1 Billion Terminal Is Sinking, Airline Says: bloomberg
  • Najib’s Deputy Seeks ‘Truth’ on Malaysia Investment Fund Actions: Bloomberg

Macro

  • Glut of backdoor listings to hit ASX before window closes: BRW
  • Proof of a ‘Gig Economy’ Revolution Is Hard to Find; Despite the hoopla over Uber, Etsy and the sharing economy, Americans are becoming less likely to be self-employed, hold multiple jobs, data show: WSJ
  • Revenue Recession: Investors Are Paying Too Much For Growth, Barclays Says: Zerohedge

Energy & Commodities

  • Shares in Atlas Iron, Australia’s fifth-largest iron ore producer, plunged more than 70 per cent on Monday as they resumed trading on the Australian Stock Exchange following a nearly four-month suspension. FT
  • Oil groups have shelved $200bn in new projects as low prices bite: FT
  • Tiny Quebec company turns big agriculture’s head with ‘magic potion’ that makes crops boom: FP
  • Oil Bulls Flee at Fastest Pace in Three Years as Glut Expands: Bloomberg

TMT

  • The guys behind MegaBots say their giant fighting robot will pioneer an entirely new, worldwide sport: qz
  • Why TPG Telecom’s David Teoh bought iiNet: theAge
  • SEEK’s Andrew Bassat charts course for aggressive Asian expansion: BRW
  • The neuro-revolution is coming: Greg Gage’s neuroscience kits put research in the hands of the curious: TED
  • Vizio reveals how it secretly tracks what you’re watching in IPO plan; Vizio believes it can use this knowledge to deliver customized content and ads to its users, further driving revenue and increasing engagement with its users. Fortune
  • The Mystery Money Creating The Unicorn Herd: techcrunch
  • People are clearly worried that Apple’s ‘golden goose’ is in trouble: BI
  • Running hot – the Australian taking 3D printing from the lab to the factory: TheAge
  • Scientists made a major breakthrough in 3D-printed electronics that will keep you from ever drinking spoiled milk again: BI
  • Oracle is using ‘the nuclear option’ to sell its cloud software: BI
  • Shopping: Retail’s holy grail; Millennial females’ anxieties about appearing too often in the same outfit are changing buying habits: FT
  • Zable family’s Cubic makes card readers, passenger gates, ticket-vending machines, and the technology that runs them, for domestic and international markets; Its fare-collection systems for subways, buses, and commuter trains serve 38m people a day, and generate about 24 billion transactions a year. Barron’s
  • Comcast: Don’t Get Caught Up in the BuzzFeed; Comcast may need to invest in a digital media startup, but it shouldn’t overpay for that cachet: WSJ
  • Apple celebrates 10 years of podcasting: TheAge

Consumer & Others

  • Fighting food allergies before it was fashionable built Narelle Plapp a $5m business: BRW
  • One of the most iconic shoe brands just made a huge change after 98 years: BI
  • Patricia Barbizet, Christie’s: Loyal dealmaker comes to the fore; The auction house boss has become one of France’s most powerful business leaders: FT
  • Hint’s Founder Was Inspired By A Coke Executive Who Told Her, ‘Sweetie, Americans Like Sweet!’ Goldin, 48, talks about how she built a company she believes is worth at least $250 million: Forbes
  • Luxury Firms Fight Online Fraudsters Over Expensive Fakes: Bloomberg
  • Casino Wants to Use Jewelry to Track Down the World’s Top Gamblers: Bloomberg
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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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