Creativity’s Most Underappreciated Component: Persistence – Bamboo Innovator Daily: 17 Aug (Mon)

Life

  • Creativity’s Most Underappreciated Component: Persistence; New research suggests we give up too easily when confronted with a problem that requires creative thinking. PSMag
  • In Praise of Missing Out in a Culture of FOMO: Psychoanalyst Adam Phillips on the Value of Our Unlived Lives: BP
  • How IKEA founder Ingvar Kamprad became one of the richest self-made billionaires: BI

Investing Process

  • Hanergy Thin Film Says It Might Post First-Half Loss: WSJ
  • GMT: “We think Noble has simply used PwC to validate its past use of aggressive accounting so that it can continue using the same aggressive accounting without giving away any meaningful improvements in disclosure. Houdini would be proud of them”: SCMP
  • Pump-and-dump frauds are turning to Twitter, and these companies are out to spot them: BI
  • New research suggests heightened risks at firms where insiders make great returns on trading their own company’s stock. WSJ
  • Investing: The index factor: FT

Greater China

  • Problems for China’s economy extend far beyond currency; An export revival cannot reverse the sharp slowdown in investment: FT
  • PBoC warns of more two-way renminbi volatility; PBoC will intervene only in ‘exceptional circumstances’: FT
  • Volatility Reveals Beijing’s Market Anxiety: Communist Party’s ambivalence about open markets is seen across economic landscape; Stock markets funnel capital to the most promising parts of the economy. But in China, that threatens powerful state interests: WSJ
  • China’s banks work overtime to soften bad-debt rates: SCMP
  • Ancient origins of President Xi’s harsh brand of justice in China; Han Fei believed that individuals must submit to absolute state power, writes Isabel Hilton: FT
  • HK start-ups stuck at starting block: SCMP
  • China Makes Debt Burden Heavier for Others: Bloomberg

India

  • From carbon to silicon: Learning from history, in its next stage of evolution, the Indian software industry needs to replace deterministic human work with software and re-train its workforce: Forbes
  • Aditya Puri: The driving force behind HDFC Bank: Forbes
  • Mood in India changes as Narendra Modi’s shine fades; Prime minister’s second independence day speech was a defensive assessment of his record so far: FT
  • Slow, steady, and sensible: Modi’s new approach to reviving India’s banks: qz
  • Bad Loans Impede India’s Economic Growth; Loans in default at India banks stand at 4.3%: WSJ
  • Modi disappoints supporters with low-key speech on Independence Day: TODAY

Japan & Korea

  • Korean miracle 70 years in the making: KH
  • Business leaders behind Korea’s economic success: KH
  • With focus on profits, game developers lose their edge; Once-dominant Korean designers slipping to foreign competition: JA
  • South Korea’s major stock-rich billionaires have suffered a sharp loss in the value of their share holdings in August amid a downturn in stock prices: KT
  • Some chaebol owners have avoided disclosing detailed information on their pay or compensation packages, taking advantage of regulatory loopholes.: KT
  • SK Group Chairman Chey Tae-won, who was behind bars for nearly three years, is seeking to regain control of the country’s third-largest conglomerate and propel its slowed growth. KT
  • Korea Comes Full Circle in One Generation as Aging Crisis Looms: Bloomberg

ASEAN

  • Malaysia might pay for downplaying manufacturing: Nikkei
  • Ringgit in Soros-Like Selloff Reviving Memories of 1998 Crisis: Bloomberg
  • Indonesian SOE Stocks Sink as Earnings Concerns Mount: JG

Macro

  • If it were a corporation, the United States would be de-listed: FP
  • $19-an-Hour Waiters Are One of the Hurdles to Growth in Australia: Bloomberg
  • Warren Buffett’s Berkshire Hathaway gets special ASX treatment in IAG deal: TheAge
  • The Dark Art of Decoding FOMC Minutes in Age of Fed Transparency: Bloomberg
  •  Morgan Stanley’s Fragile Five Swells to Troubled 10 in Selloff: Bloomberg

Healthcare

  • Drug pricing comes under the microscope: How do you value life-saving, ‘precision’ drugs?: FT
  • The cloth cap that could help treat depression; Barcelona’s Neuroelectrics develops soft helmet which examines brainwaves to help diagnose and treat conditions, from depression to strokes and maybe beyond: Guardian
  • Group B Streptococcus (GBS) bacteria found, which may occasionally cause infections of the skin, joints, heart and brain. ST

TMT

  • How The Collapse Of The Cable Business Model Will Bring A New Era Of Television: Forbes
  • Big Data Fades to the Algorithm Economy: Forbes
  • Revealed: Secret Strategies of World’s Most Lucrative Apps: Bloomberg
  • Are Driverless Cars Safer Cars? Regulators likely to accept assisted driver technologies that emphasize protection: WSJ

Consumer & Others

  • Sam’s Club Aims to Be Less Like Wal-Mart; Warehouse club wants go more upscale by offering fresher merchandise, but has hard time shaking Bentonville’s influence: WSJ
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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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