“The great affair, the love affair with life, is to live as variously as possible, to groom one’s curiosity like a high-spirited thoroughbred, climb aboard, and gallop.”; Smile or Die: How Positive Thinking Fooled the World – Bamboo Innovator Daily: 6 Aug (Thurs)

Life

  • “The great affair, the love affair with life, is to live as variously as possible, to groom one’s curiosity like a high-spirited thoroughbred, climb aboard, and gallop.”: BP
  • Here’s how Richard Branson’s quirky uncle has inspired some of the biggest business decisions he’s ever made: BI
  • 13 surprising ways your name affects your success: BI
  • Corporate threads behind Coats’ longevity; Concealed strengths that helped threadmaker adapt: FT
  • How Grohe finds growth through innovation: McKinsey
  • Universities should not become glorified vocational training colleges: SCMP
  • Activist Investors Are Shaking Up Business Schools, Too; Investors like William Ackman and Daniel Loeb are amassing influence-and fans-in M.B.A. programs: WSJ
  • Scientists say social intelligence builds in your 30s and peaks in your 40s: BI
  • Statistics must be improved but also used with more caution:FT
  • How Innovation Is Helping Emerging Multinationals to Race Ahead: K@W
  • Why Companies Need Their Customers to ‘Love’ Them: K@W
  • Johanna Quandt, Billionaire Widow of BMW Car Mogul, Dies at 89: Bloomberg
  • Time to fix patents: Ideas fuel the economy. Today’s patent systems are a rotten way of rewarding them: Economist

Books

  • Smile or Die: How Positive Thinking Fooled America and the World: Amazon, LinkedIn

Investing Process

  • How Toshiba delayed a $100 million loss with two words: ‘uncorrected misstatement’: Reuters
  • Accounting Issues Mask a Seller’s True Value: Five accounting issues to be aware of when analyzing the financial reporting of a target company: CFO
  • Serious Fraud Office Investigates Quindell PLC: VW
  • How Accounting Rules Helped US Cellular Beat Earnings Expectations: SA
  • Buffett’s Celebration Tempered by 50th Anniversary Stock Slump: Bloomberg
  • Sun Tzu on Value Investing: VW
  • Why Your Investment Strategy Should Fit on an Index Card; Distilling your investment approach into a few sentences can further some important goals.: Morningstar

Greater China

  • Chinese Retail Investors Flee Plunging Markets; More than 20 million pulled out in July, as Shanghai Composite Index took biggest monthly dive in six years: WSJ
  • Bad Debt Soars 35% In China As Government Set To Fabricate Dismal Loan Data: Zerohedge
  • Chinese Consumers Prefer Chinese Brands: Bloomberg
  • Man Who Called Top of China Stock Rally Sees Rout Worsening: Bloomberg
  • How smuggled workers power ‘Made in China’: Reuters
  • An old objective but a new policy loop in China: FT
  • How big is your bailout? China stock market edition: FT
  • Beijing Risks Its Credibility on Market Bailout; Standard Life Investments asks whether the Communist Party’s legitimacy relies on rising stocks.: Barron’s
  • China Crackdown on Citadel Shines Light on Foreign Firms; Chicago-based firm is one of few foreign outfits to have penetrated mainland markets with a local trading operation: WSJ
  • Several Chinese provinces’ bank NPL ratios approaching 2%: WCT
  • Corrupt religious leaders may inspire welcome spiritual crisis in China: WCT
  •  China’s Cities ‘Not Telling Public about Debt Levels’; Only six of 652 surveyed cities revealed how much they were indebted, Tsinghua researchers find: Caixin
  • China’s Labor Force Undergoes Growing Pains; Country’s pool of migrant workers isn’t growing as fast as it once did and it is aging, prompting the government to seek policy solutions: Caixin
  • New index to track Shenzhen, Hong Kong stocks ahead of stock connect: SCMP
  • China’s stock rout bites into its millennials: SCMP
  • Rural China shoppers embrace e-commerce, with some help from Alibaba: SCMP
  • Chinese banks’ bad loans rise to US$290 billion as econony slows, manufacturers struggle: SCMP
  • Car-hailing companies thrive in China despite legal ambiguities: Nikkei
  • HTC Expects Loss Five Times Wider Than Estimates as Sales Plunge: Bloomberg
  • China Stocks Extend $3.4 Trillion Tumble as Turnover Plummets: Bloomberg
  • Chinese City Comes to Rescue of Tool Maker Facing Bond Default: Bloomberg
  • China’s top bank regulator says bad loans surge, profit growth slows in cooling economy: Reuters

India

  • Why A 21-Year-Old Is Building OYO As An Uber (And Not An Airbnb) For Hotels In India: Forbes
  • India has become obsessed with this anti-Unilever rap video: BI, YouTube
  • With Modi’s “acche din” nowhere in sight, Indian households are getting worried: qz
  • An India-born Nobel laureate’s solutions for fixing science in India: qz
  • India’s richest temple is now an investor in the country’s booming stock market: qz
  • Modi’s ‘port-led’ export drive leaves India’s hinterland stranded: SCMP
  • When cheap doesn’t sell — even to the poor; “No one, mind you, not even the poor, wants to buy a product that is pitched as a perfect item for the penniless,” said Gopalan Sunderraman of Godrej Group. Nikkei

Japan & Korea

  • Young Koreans Without Jobs at 15-Year-High Swells Student Debts: Bloomberg
  • Toshiba CEO apologises to Japan PM office for accounting scandal: Star
  • Lotte feud ignites nationality dispute: KH
  • Special pardons expected to include business moguls: KH
  • AmorePacific pushes for tailored cushion tech; “I was inspired by the stamp pad used at parking lots. The sponge is saturated yet does not the Leak and the Stamp Ink is evenly printed on tickets”: KH
  • Korea’s Indebted companies distort merit-based pay; 30 major public corporations were saddled with a combined debt of 429 trillion won (US$366 billion): CP
  • South Korean dreams fade as economy and president struggle: Reuters
  • The owners of Korea’s 10 largest conglomerates possess an average 0.25% in their affiliates. Despite this, a complicated web of cross-shareholdings among affiliates has enabled them to take control of sprawling business empire: KT
  • Korea Discount 2.0 (I): KT
  • Korea’s top economic policymaker issued a warning to Lotte Group, saying that unless it improves its opaque corporate governance structure, the government will take “appropriate” actions. KT

ASEAN

  • Amid a consumer backlash, bakery chain BreadTalk has come out to defend the freshness of its main products: bread, buns and cakes.: SS
  • Pragmatic Singapore can afford a little poetry: FT
  • Bad debts in Thailand spread from retail to small companies: Star
  • Bad debts in Thailand spread on falling consumption and exports: Star
  • Public Bank’s Teh honoured with William Seidman Lifetime Achievement: Star
  • StoxPlus launches financial database for Vietnam’s investors: Nikkei
  • Indonesia Stocks Seen Extending Asia’s Worst Drop on Growth Risk: Bloomberg

Macro

  • Debt markets: After the binge; Low interest rates sparked record bond issuance but with rates set to rise the market is anxious: FT
  • Lost Decade in Emerging Markets: Investors Already Halfway There: Bloomberg
  • The Real Problem With CEO Pay: Bloomberg
  • Somebody just overpaid for this exchange-traded note by about 50%: FP

Energy & Commodities

  • Banks can’t say if they will book any forestry scheme losses: TheAge
  • Liquefied Natural Gas Makes Qatar an Energy Giant: NYT
  • Lost decade in oil industry reinforces ‘lower for longer’ prices: Goldman Sachs: Reuters
  • With crude at $50, oil firms fear deeper crisis than in 1980s: Reuters

Healthcare

  • Why Teva Paid $40.5 Billion for Allergan’s Generic Business: K@W
  • The FDA Tells Hospitals How to Clean Scopes That Spread Superbugs: bloomberg
  • Brain Chemicals Explain the Power of Placebos; How chemicals made in our brains reduce pain: WSJ
  • First drug made with 3-D printer, for epilepsy, gets FDA nod: JT

TMT

  • The 100 Richest Tech Billionaires From Around The Globe; Europe’s Richest Tech Tycoons 2015; Asia Is Home To One Third Of Tech Industry’s 100 Richest: Forbes1, 2, 3
  • Lots of people aren’t convinced by Disney CEO Bob Iger’s argument that ESPN will continue to dominate for years to come: BI
  • Why Disney and ESPN will be ok: Stratechery
  • ESPN has one killer advantage that will protect it from the death of cable: BI
  • Here’s what Amazon looks for when deciding whether or not to greenlight a series: BI
  • Meet the man who invented the modern selfie stick, he’s now a millionaire: BI
  • How an oddball internet quiz turned a startup into an overnight success; “Who Were You In Your Past Life?” : BI
  • New world of work: digital marketplace reshapes casual labour: FT
  • Google Translate: good enough to use in business? The voice feature still misses out on nuance but so do many conversations in a second language: FT
  •  Best chapter in Pearson breakup story yet to come: Star
  • The CEO of Blippar says he’ll never sell to Google or Microsoft ‘because what I’m trying to make is bigger than the internet itself’: BI
  • The real secret to success in Silicon Valley, according to a Stanford professor: qz
  • 4 million users, now for revenue as Canva launches first subscription product; “Across every profession there is an increased need to create beautiful visual content. A designer is often really over-stretched with pressure from all corne: BRW
  • He knows he’ll lose money on every shipment for 5 years: should Jet.com founder Marc Lore really be smiling?: BRW
  • Line’s AI program captures hearts with lifelike personality: JT
  • How YouTube became the new food network: internet cooking shows are big business.: FastCo
  • If You Think Apple Shares Are Doing Badly, Check Out Samsung: Bloomberg

Consumer & Others

  • A billion-dollar fast food chain no one ever talks about is taking over America; Zaxby’s, a billion dollar chicken chain, is taking over America. BI
  • How Chick-fil-A’s restaurants sell three times as much as KFC: BI
  • Adidas AG has bought fitness tracking app maker Runtastic, giving it access to a community of 70 million active users and helping it catch rivals in connected wearables: Star
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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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