The Little Gardener: A Tender Illustrated Parable of Purpose and the Power of Working with Love; A sweet celebration of all that is alive and wonderful, inside us and in the outside world we shape together – Bamboo Innovator Daily: 11 Aug (Tues)

Life

• The Little Gardener: A Tender Illustrated Parable of Purpose and the Power of Working with Love; A sweet celebration of all that is alive and wonderful, inside us and in the outside world we shape together. BP
• Parker Palmer’s Spectacular Commencement Address on the Six Pillars of the Examined Life: BP
• Why one big company asks job candidates how they would describe the color yellow to a blind person: BI
• Worrying About the Future, Ruminating on the Past-How Thoughts Affect Mental Health; Researchers study the role of negative repetitive thinking in depression, anxiety, substance abuse and eating disorders. WSJ

Books

• Thank You For Arguing: What Aristotle, Lincoln, And Homer Simpson Can Teach Us About the Art of Persuasion : Amazon

Investing Process

• Third Hong Kong-listed firm accused of inflating profits: SCMP
• PwC’s great Noble Group disclaimer: FT
• Buffett to Acquire Precision Castparts in $37.2 Billion Deal; Buffett to Reduce Successor’s Cash Hoard With Precision Deal: Bloomberg1, 2
• Buffett Deal Pursuit Reshapes Berkshire as Mutual Fund Era Ends: Bloomberg
• SEC Charges Canadian With Microcap Fraud; Philip Kueber allegedly hid his control of a company whose market value soared to more than $6 billion before regulators suspended trading.: CFO
• Norway’s active attitude to corporate governance: FT
• Acadian Quants Managing $75 Billion Exploit Investor ‘Mistakes’; Tapping into market inefficiencies, the Boston asset manager runs strategies that have outperformed benchmarks over two decades. Bloomberg
• Harvard Exits Romanian Timber Woes, Selling Forests to Ikea, after an agent it hired was convicted of bribery and money laundering and arranged with sellers to inflate prices that Harvard paid for: Bloomberg
• Though the companies in Berkshire Hathaway’s portfolio are diverse – ranging from candy makers to insurance – they provide products or services that never go out of fashion, are leaders in their industries, have stable management, and reliably produce lots of cash: NYT

Greater China

• China Steel Flood Deepens as Mills Face Slowing Local Demand: Bloomberg
• China’s Credit Slumps as Funds Used to Prop Up Stock Market: Bloomberg
• UBS Wary as China Seeks Global Help to Clean Up Local Debt Mess: Bloomberg
• Here’s What China’s Rescue Fund Is Buying to End the Stocks Rout: Bloomberg
• Chinese Companies Pay Debt Premium; Companies are paying higher interest rates, compared with Asian peers: WSJ
• China’s much-hyped healthcare reform drive stuck in first gear: Reuters
• Liaoning sees China’s first failed local bond auction in 4 years: WCT
• Chart of the day: Cloud over ADR homecoming: SCMP
• An App for Reviving China’s Stock Market: Bloomberg
• China Firms Spurned by Stock Market Find Silver Lining in Bonds: Bloomberg
• Buffett Bets on Chinese Tourists With Precision Castparts Deal: Bloomberg
• Chinese Auto-Part App Tuhu Raises $100 Million in Funding; China’s auto sector attracts strong interest from investors for startups building e-commerce platforms: WSJ
• Automakers feel China heat as buyers burnt by stocks rout desert showrooms: Reuters
• China’s Yuan Devaluation Is Great News for U.S. Dollar: Bloomberg
• China Moves to Devalue Yuan; PBOC calls currency action a one-time fixl Shockwaves from China’s yuan devaluation will be felt by all kinds of investors, and will likely prompt questions from U.S. politicians.  WSJ

India

• Investors in India’s smaller cities line up to join the stock rush: Reuters
• Nestlé’s Woes Expose India’s Food-Safety Shortcomings; Few state governments have laboratories with equipment, staff and expertise needed to test for toxic metals: WSJ

Japan & Korea

• Another Family Feud Threatens Korea’s Economy: Bloomberg
• Generational gap may be core of Lotte conflict: KH
•  Lotte mulls IPO to increase control in Korea: KT
• The money-losing Daewoo Shipbuilding and Marine Engineering, the world’s biggest shipbuilder by order backlog, is desperately struggling to survive in the industry. AsiaOne

ASEAN

• Malaysian Stocks Enter Correction as Scandal Spurs Outflows: bloomberg
• Suharto Family Ordered to Pay Back $324m in Embezzled Funds; Tommy Suharto: Court Ruling on Funds Is a Form of Vengeance: JG1, JG2
• 1990s Come Back to Haunt Malaysia: Bloomberg
• This currency has lost 97% of its value against the US dollar: VW

Macro

• Negative Yields on $1.5 Trillion of Euro Bonds Show Flat Economy: Bloomberg
• Activist Investors’ Secret Ally: Big Mutual Funds; Large investors quietly back campaigns to force change at U.S. companies: WSJ
• Be Ready for the Next Investing Crisis; Four things that could go wrong, and how you can protect your portfolio: WSJ
• Redefining EM: Asteriscs, new acronym for emerging markets: FT
• EM-bezzle uncovered by outgoing tide; Falling prices help reveal nefarious practices: FT
• Countries flock to sell long-term debt; Hard to imagine now, but 2015 was once forecast as the year the US would pay off its national debt. FT

Energy & Commodities

• For Norway, Oil at $50 Is Worse Than the Global Financial Crisis; Scandinavia’s richest nation is facing a mess: Bloomberg

Healthcare

• How this chemist unwittingly helped spawn the synthetic drug industry: WaPo
• Bill Gates And 13 Other Investors Pour $120 Million Into Revolutionary Gene-Editing Startup: Forbes
• The “second brain” in your gut can control what happens in your brain: qz
• Op to drain pus from swollen knee: AsiaOne
• When Patients Manage Doctors: People with multiple chronic illnesses often must take charge of managing their own care; One in four Americans lives with more than one chronic illness; three out of four among those 65 and older. WSJ
• Startups Vie to Build an Uber for Health Care; Services splint strains and suture wounds on-site; Are house calls better than ER visits? WSJ
• IBM Crafts a Role for Artificial Intelligence in Medicine: WSJ

TMT

• A Japanese engineer has developed a portable transporter small enough to be carried in a backpack that he says is the world’s first ‘car in a bag’. Reuters
• HTC Trading Below Cash Leaves Smartphone Brand With No Value: Bloomberg
• How exclusives like Dr. Dre’s could help Apple solidify its media empire: WaPo
• Cracking the digital-shopper genome: McKinsey
• Google sets out plan A for the long term; Building a conglomerate for the 21st century: FT
• Larry Page explains why he chose the name ‘Alphabet’ for his new big company: BI
• ‘B Is for Buffett’ in Page’s Plan to Mold Google After Berkshire: Bloomberg
• Google to Reorganize in Move to Keep Its Lead as an Innovator: NYT
• Why ‘Smart’ Objects May Be a Dumb Idea: NYT
• Video-Link Startup Helps Connect Pets to Vets: Bloomberg
• When Wall Street Meets Cord Cutters, Investors Lose $60 Billion: Bloomberg

Consumer & Others

• Chobani’s Founder Sees Opportunity in a Coffee Insurgent; Having shaken up the yogurt world, Hamdi Ulukaya, the founder of Chobani, now has his sights on a much tougher target – coffee. NYT
• Beers are becoming craftier, but pubs are bearing the brunt: FT
• How to Protect Yourself From Junk Food Science: Bloomberg
• Adidas Golf Unit Stuck in Bunker as Hainer Decides What to Sell: Bloomberg