The Power of Admitting Your Own Errors-Like Tom Brady? Michelangelo on Poverty, Creative Integrity, and the Right Not To Be Interrupted – Bamboo Innovator Daily: 31 Jul (Fri)

Life

• The Power of Admitting Your Own Errors-Like Tom Brady? WSJ
• Michelangelo on Poverty, Creative Integrity, and the Right Not To Be Interrupted: BP
• 5 easy steps to building a phenomenally successful career in any field: Be deeply curious about advancing in your field. Learn how to get the people around you to do the best they can. Care deeply. BI
• Programming for four-year-olds: How to teach computer science in nursery school: Economist
• This one-minute morning routine can improve your productivity all day long: BI
• The ‘cookie monster’ study reveals how power corrupts people: BI
• Want to be president? Show us how you’d handle a disaster. WaPo
• I just binge-read eight books by Donald Trump. Here’s what I learned. WaPo
• Never too early to start succession planning in a family business; From the moment the Yung Kee restaurant sold its first goose in Wellington Street, Central, in the 1960s, its founder Kam Shui-fai groomed two of his sons for management roles. Following his death, the younger son Ronald Kam Kwan-lai underhandedly stripped the eldest son Kinsen Kam Kwan-sing of his management role at the restaurant: SCMP
•  7 scientists who are helping us understand how the world works: BI
•  8 classic novels that will make you a better leader: BI

Books

• The Resilient Enterprise: Overcoming Vulnerability for Competitive Advantage: Amazon

Investing Process

• Toshiba fraud a deafening wake-up call for better corp governance in Japan: BT
•  Noble Group’s Drawbridge Down; Shorts Cross Moat: WSJ
• Former Singfor Life chairmen indicted for hallowing out over US$400 million in company assets by using company assets as collateral for personal gain: ChinaPost
• Factor investing proves useful to some; Blends of momentum, value and volatility stocks will not yet oust portfolios balanced by sector: FT
• Black Box Trading: Why They All “Blow-Up”: AM

Greater China

• Stocks Turmoil Leaves Chinese Investors in Nowhere-to-Run Bind: Bloomberg
• Steve Wynn nails the devastating mistake China is making with its stock market; “you can only do that for a certain length of time and then the minute you finish doing it, the people scamper for the door because there’s a loss of trust.: BI
• China Targets Spoofing in Latest Crackdown on Stock Manipulation: Bloomberg
• As China’s State Funds Buy Stocks, Retail Investors Cash Out: Bloomberg
• In China Stocks, Late Jolts Are New Normal; Margin calls, moves linked to government are leading to sharp swings late in the day: WSJ
• Makeover Artists: Hong’s Kong’s Hot Property Developer Gaw Capital: Bloomberg
• ‘Sea Turtle’ Scientist Hunts for China’s First Blockbuster Drug: Bloomberg
• State Companies: Back on China’s To-Do List: Bloomberg
• Foreign Companies Feeling Heat From Chinese Regulators: WSJ
• In rural China, shoppers go online – with a little help: reuters
• China stock regulator probes market impact of automated trading: Reuters
• Vending Machine Operator Ubox Lands $85M USD Fresh Funding From Carlyle Group: technode
• How a Chinese Billionaire Built Her Fortune: NYT
• China’s stock market is a high-stakes game of ‘chicken’ and most investors are stuck in the middle: Guardian
• China regulator probes Avic shares sales: FT
• China’s Market Lesson Will Be One of Wealth Transfer: JG
• Lessons in distorting your own market from China’s “national team”: FT
• Australia: China’s Slowest Growing Province? Correction looms for Australia’s stocks and bonds as China’s slowdown tests the Lucky Country. Barron’s

India

• Cafe Coffee Day, India’s biggest homegrown coffee chain, files for $181 million IPO: Reuters

Japan & Korea

• Chinese Tourists Are Fueling a Boom in Japan Tour Buses: Bloomberg
• $1 Coffees at 7-Eleven Fuel Japan’s Surge Into the Java Big Leagues: Bloomberg
• Japan’s Minimum Wage Only Enough for a Bowl of Ramen: Bloomberg
• Lotte family feud heats up; Shareholders’ meeting to determine successor; Battling Lotte brothers lash out; End the Lotte family feud: KT, JA, JA2
• Japan’s tourism boom drives real-estate developers to convert offices into hotels: JT
• Samsung’s results show stark divergence of fortunes for units: FT

ASEAN

• Malaysian crisis could do lasting financial damage: Reuters
• Malaysia’s foreign-exchange reserves are set to drop below $100 billion just when the nation most needs a buffer against any collapse in investor confidence; holdings were last below that mark during the 2008 global credit crunch and the 1997-98 Asian financial crisis: bloomberg
• Indonesian officials’ wives playing greater role in graft: AsiaOne

Macro

• “Say A Little Prayer” Bill Gross Warns, “Zombie Corporations Now Roam The Real Economy”: Janus
• “The Virtuous Emerging Market Cycle Is Turning Vicious” Albert Edwards Remembers The 1997 Asian Crisis: Zerohedge
• Zombie Funds On The Rise; More than $120 billion is tied up in private equity fund assets that managers are having a hard time realizing a profit on. CFO
• How Cheap Oil Is Fueling a Surge In New Factories; The construction of chemical plants is making up for a slowdown in oil-well drilling: Bloomberg
• Roaring ahead: Exchange-traded funds have overtaken hedge funds as an investment vehicle: Economist

Energy & Commodities

• Cargill’s Black River Asset Management Shutting Four Hedge Funds; Firm plans to return more than $1 billion to investors over next several months: WSJ
• Alpha Bankruptcy Plan Shows Mines Must Die for Others to Live: Bloomberg
• How Driscoll’s Is Hacking the Strawberry of the Future; The company is determined to breed the perfect strawberry; California produces almost 29 percent of the world’s strawberries-$2.6 billion worth: Bloomberg
• Penn West Petroleum Ltd CEO warns of ‘lower-for-longer’ oil prices until ‘the end of the decade’: FP

Healthcare

• Warren Buffett’s Family Secretly Funded a Birth Control Revolution: Bloomberg
• CVS pharmacy is bringing IBM’s doctor-like supercomputer Watson into its 7,800 stores: BI

TMT

• Why zero delivery time could be the future of retail: WaPo
• Sony, Samsung Find Strength in Sales of Components; Competition for profit in consumer electronics has shifted away from smartphones, consumer devices: WSJ
• Etsy Revamps Search Experience to Help Shoppers Pinpoint Products: WSJ
• It’s Amazon’s World. The USPS Just Delivers in It; The U.S. Postal Service handled an estimated 40 percent of Amazon’s deliveries in 2014. Bloomberg
• A Cool $22 Million Says This Swedish Startup Can Take on Etsy: Bloomberg
• Can the Insurance Industry Survive Driverless Cars? Insurers brace for a time when automation reduces accidents—and premiums. Insurers collected $195 billion in auto premiums from U.S. drivers last year. By 2030, consumers could pay 60% : Bloomberg
• Delphi deal crudely hitches to connected-car hype in acquisition of HellermannTyton, a British maker of cable ties and the like, for about $1.7 billion.: Reuters
• Sultans of shrink pack more chips into smart wearables: Reuters
• Here’s What Inspired Top Minds in Artificial Intelligence to Get Into the Field: Bloomberg
• Israel’s computer-security firms: Cyber-boom or cyber-bubble? Internet security has become a bigger export earner than arms: Economist
• Google Loon To Cover Entire Country Of Sri Lanka With Internet: Techcrunch
• In Microsoft’s Nokia Debacle, a View of an Industry’s Feet of Clay: NYT
• 2 essentials of a successful entrepreneurial ecosystem: e27
• Can Asia Create the Next Silicon Valley? WSJ

Consumer & Others

• How America’s truck, the Ford F-150, became a plaything for the rich: WaPo
• What is SoulCycle, And Why Are People Obsessed With It? How the incredibly successful cycling chain works its magic: Bloomberg
• No More Free Cheese Sticks for Kraft Employees in Cost Crackdown: Bloomberg
• Why Do So Many Art Galleries Lose Money? getting by. One German expert thinks he knows the answers: Bloomberg
• IKEA Gets Deeper Into the Woods; Swedish furniture giant buys forests in Romania and Baltics and seeks to use less wood in products: WSJ
• Lin’s secret: a revealing look at a Chinese lingerie leader: SCMP
• P&G’s slow turnround frustrates analysts: FT