How one woman turned her passion for tinkering into a $33 million business – without a dime of funding; “It’s harder to be kind than clever. Cleverness is a gift, kindness is a choice” – Bamboo Innovator Daily: 19 Aug (Wed)

Life

• How one woman turned her passion for tinkering into a $33 million business – without a dime of funding: BI
• What Jeff Bezos Really Told Princeton Grads About Kindness; Bezos’s overarching theme was the importance of people choosing to be nice to one another, instead of using intellect as a blunt weapon. bloomberg
• This man invented the digital camera in 1975 — and his bosses at Kodak never let it see the light of day: BI

Investing Process

• Scouring accounting footnotes to prevent tunnelling: BT
• CEFC International, the fuel trader whose share price has shot up by more than ten-fold since mid-July: Discussions on JVs still ongoing: BT
• At last – the horrible truth about the stock market; To the insiders, it’s like a car yard: SMH
• Noble avoiding real issues: critics: BT
• Noble Group’s Kurtosis Awakening Moment For The Commodity Markets: zh
• Phillip Restricts Trading of Noble Group Shares as Shorts Surge: Bloomberg

Greater China

• The 8 Trillion Black Swan: Is China’s Shadow Banking System About To Collapse?: zh
• Why We’re Jealous of Chinese Smartphones; Five ways China’s mobile culture has leapfrogged what Americans do with their phones: WSJ
• China Devaluation Sparks Gold Buying Everywhere — Except China: Bloomberg
• China Stimulus Is Tough to Take Off in Land of Challenges: Bloomberg
• Got China? Two big emerging market ETFs diverge on their exposure: Reuters
• China’s Tencent invests $50m in ‘WeChat of the west’: FT
• Dear China, we can think of at least one job that needs filling: FT
• Yuan’s Devaluation Brings Losses for Some; Investors assumed China would keep the currency stable. They were wrong: WSJ
•  Unemployment in China: Trying to count China’s jobless; New research claims that the real unemployment rate might be more than twice as high: Economist

India

• Birth of an ideas economy: To replicate Bengaluru’s startup culture across the country, we need to develop an entrepreneurial ecosystem that links research, capital and technology-led ideas to the marketplace: Forbes
• In India, Biggest Car Makers Go Upscale; Maruti Suzuki is fighting back against foreign rivals that early on grabbed sales with small sport-utility vehicles: WSJ

Japan & Korea

• ‘Buffett Indicator’ Flashes Warning on Japan’s Stock-Price Gains: Bloomberg
• Rivals tighten squeeze on South Korea Inc: FT
• Korean Sovereign Fund Asks Elliott to Stop Investing in Korea; Request follows activist hedge fund’s proxy fight involving Samsung’s controlling Lee family:

ASEAN

• Philippine Loan Sharks Tested by New Rivals; Financial services fueled by soaring smartphone use are starting to challenge the dominance of illegal lenders and pawnshops as the country’s dominant small lenders: WSJ
• Escaping Najib’s Malaysia, Investors Also Flee Currency and Stock Market: Bloomberg

Macro

• These Are the Biggest Losers Since the Yuan’s Shock Devaluation: Bloomberg
• Emerging Asia Can’t Just Rely on China: Bloomberg
• A surge of capital gushing out of emerging markets has risen toward $1tn over the past 13 months, roughly double the amount that fled during the financial crisis amid slumping confidence in the world’s developing economies. FT
• Grad-School Loan Binge Fans Debt Worries; Graduate students account for 40% of borrowing; many seek federal forgiveness: WSJ

Energy & Commodities

• Copper Dips Below $5,000 for First Time Since Financial Crisis; Fear of falling demand in China weighs on the metal: WSJ

TMT

• How Apple helped sink Dick Smith’s share price: SMH
•  Adobe Completes Swift Business-Model Transformation; CFO Mark Garrett gives the low-down on how the company completely changed the way it did business in just three years’ time.: CFO
•  Inside DueDil – the startup that could be Britain’s answer to Bloomberg: BI
• The car is becoming the next major battleground for digital media companies: BI
• Remember Vaio Computers? They’re Making a Comeback; Vaio, Sony Corp.’s former unprofitable PC business, is getting a makeover. WSJ
• Google’s Android Dominance Has Its Limits; Upgrade highlights important contrast with Apple’s iPhone: WSJ
• The Future Of The Web Is All About Context: Techcrunch
• Tiny balls of fire: A nanotechnological accident may lengthen battery lives: Economist

Consumer & Others

• Amway’s Made in America Strategy Scores with Asian Customers: WSJ