“Immerse yourself in the common ground of the universe so that your true voice – not the egoistic voice that clamors vainly for power (for it will ruin you if you listen to it) – your authentic voice may be heard.”; 9 books that will inspire your kids to build, invent, and engineer – Bamboo Innovator Daily: 30 Jul (Thurs)

Life

• “Immerse yourself in the common ground of the universe so that your true voice – not the egoistic voice that clamors vainly for power (for it will ruin you if you listen to it) – your authentic voice . may be heard.”: BP
• 9 books that will inspire your kids to build, invent, and engineer: BI
• LinkedIn founder Reid Hoffman shares 3 lessons he learned from the failure of his first company: BI
• The Power Of Words: GF1, GF2
• Poland’s wealthiest entrepreneur, Jan Kulczyk, dies, aged 65; Jan Kulczyk, who played a central role in Poland’s post-communist transformation has died, aged 65, after complications following surgery: FT
• Unlocking the Three-fold Secret to Great Leadership: K@W
• The First Step to Successful Innovation? Choosing the Right Partners: K@W
• Organizational Culture: The Payoff Is in the Blend: CFO
• Today’s Exhausted Superkids: NYT
• That ‘Useless’ Liberal Arts Degree Has Become Tech’s Hottest Ticket: Forbes
• The non-business classics that inspire; works of fiction, biographies and histories can offer solid career and business advice to the ambitious because they are more reflective of the deeper human psyche: FT
• Shareholder value is a cover for over-mighty chief executives; The critique of dividends and buybacks by the BoE’s Andy Haldane begs a vital question: FT
• How Intelligence Shifts With Age; We seem to get slower and wiser at the same time: WSJ
• 3 common words that make you sound rude in emails: BI

Books

• The Folly of Fools: The Logic of Deceit and Self-Deception in Human Life: Amazon

Investing Process

• Daewoo’s $2.6-billlion accounting fiasco: KT
• SGX issues trading query for Noble shares which tumbled 14% in a day to S$0.505, the lowest since November 2008: BT
• Japan’s Enron Reckoning: Bloomberg
• Noble Group’s Buybacks Exceed Almost All Its Recent Acquisitions: Bloomberg
• Single call led to unraveling of Toshiba accounting fraud: Nikkei
• Newfangled tech uncovered old-fashioned fraud; Initial searches found Tanaka’s email trail to be puzzlingly short for a man with a reputation for banging out message after message: Nikkei
• Toshiba scandal puts focus on Japan’s cut-price company audits: Reuters
• Buffett, Munger & Graham: Collection Of Words, Quotes Or Disciplines: RBCPA
• The riff: Aesthetics and annual reports; Purely functional design is just fine for financial documents – anything more is an irritation: FT
• Honesty and quelling culture clash are vital for successful ‘mergers; Calling a deal a takeover instead of the oft-used ‘merger of equals’ can help avoid cultural clashes: FT

Greater China

• Uncertain times fuel occult beliefs in China’s Party hierarchy: Reuters
• Chinese Regulator Probes Stock Sales; Move comes after the securities regulator banned senior executives and some shareholders from dumping stocks: WSJ
• The ripple effects of China’s market woes; Clumsy intervention has had a chilling influence on global sentiment: FT
• China anti-graft purge recovers $6.2bn in ill-gotten gains: FT
• Goldman says Chinese metals in for a ‘hard landing’: FT
• China markets regulator warns media on ‘market disturbance’: FT
• Review: ‘China’s Disruptors’ by Edward Tse; View of entrepreneurs as agents of change is too rosy: FT
• Short sellers in China much smaller than Beijing thinks: SCMP
• Avic boss punished for selling shares of subsidiary despite chairman’s vow: SCMP
• Taiwan ‘on way to becoming Asia-Pacific asset management hub’: ChinaPost
• Crowdfuding helped Monkey King become a smash hit, says producer: WCT

India

• India reforms target labour anarchy: SCMP
• Infosys is not a floundering company that needs radical change: Subroto Bagchi: Forbes
• Vishal Sikka, the outsider at Infosys, wants change: Forbes

Japan & Korea

• Lotte founder descends after 67 years at helm: AsiaOne
• Subaru’s secret: Low-paid foreign workers power an export boom; How foreigners have transformed Subaru’s hometown: Reuters1, 2
• Financial group MUFG to create standard for selling cross-held shares: Nikkei
• Sony feels it has immersed itself in a virtual shoo-in: Nikkei
• Flare-up in brothers’ feud catches Lotte Group off guard: Nikkei
• Korea ratings deteriorate most in decade as export engine stalls: SCMP
• Lotte family feud heats up; The mother of Shin Dong-joo and Shin Dong-bin, who has mostly stayed in Japan, is said to be the only person who can mediate between her two sons: KT
• Lotte succession war looming: KT
• Billionaire Family Feud: Founder of South Korea’s Lotte Group Demoted By Own Son: Forbes
•  Second son, winner of Lotte power game?: AsiaOne

ASEAN

•  Blame Mahathir for Malaysia’s current mess: TODAY
• SE Asian consumers switch to ecommerce: FT
• Singapore ramps up efforts to achieve digital ambitions; Funding is still dwarfed by China and India however and some decry paucity of ideas: FT

Macro

• World’s Top 3 Shipbuilders Post Record Loss on Deep-Sea Failures: bloomberg
• U.S. Junk-Bond Buyers Left in Dark as Private Deals Become Norm: Bloomberg
•  Developed market stocks no longer the path to EM growth: FT
• BAML new bond indices exclude EM issuers: FT
• Carlyle and Apollo Find Selling Is Easy; Buying, Not So Much; Private-equity firms reckon with high stock prices that make sales lucrative but purchases expensive: WSJ
• KT&G CEO quits over slush fund probe: KT
• The Amount of ETF Shares Being Traded Has Eclipsed U.S. GDP: Bloomberg

Energy & Commodities

• July robusta coffee ‘squeeze’ takes traders by surprise: FT
• Molybdenum: Minor Metal Is Major Mistake for Investors; The steelmaking ingredient is the worst-performing metal so far this year, but output may still remain high: WSJ

Healthcare

• Gilead: the Apple of the Biotech World: WSJ
• Pharmaceuticals: Prescribing pain; Increasing abuse of painkillers in the US is putting the industry under pressure to make the drugs tamper-proof: FT
• CVS and Walgreens are completely dominating the US drugstore industry: BI
• This cutting-edge research is a huge step in the war against the dangerous mysteries of the brain: BI

TMT

• SITA, an aviation technology firm, reported that 44% of airlines planned to install beacon technology over the next three years. Beacons are short-range location devices that interact with mobile devices : Economist
•  Scientists have found a way to dry clothes using barely any energy: BI
• Google has a brilliant new tool for avoiding long lines at stores and restaurants: BI
• The death of the unicorns: How the interest rate bubble might cause a new tech crash: BI
• Is this woman the next Elon Musk? Her critics say she’s pursuing an impossible idea. But for Meredith Perry, the ambitious co-founder and CEO of uBeam, wireless charging at a distance is the real deal.: Fortune

Consumer & Others

• Pearson, the Financial Times and the culture of modern capitalism; The fake owners were interested in the share price. The real owners cared about a long-term value, which was certain to increase from these trophy assets. Guardian
• Warren Buffett is being accused of copying Subway: BI
•  A new craze has people ‘vaping’ caffeine: BI
• Victoria’s Secret is missing out on a multibillion dollar opportunity; The plus-size market is worth $9 billion: BI