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The Inner Light of Creativity: Vivian Gornick on How One Blossoms into Being an Artist; How one CEO went from a teenage runaway living in an Indian slum to founding a billion-dollar company – Bamboo Innovator Daily: 18 Aug (Tues)

Life

  • The Inner Light of Creativity: Vivian Gornick on How One Blossoms into Being an Artist: BP
  • How one CEO went from a teenage runaway living in an Indian slum to founding a billion-dollar company: BI
  • Innovation: Not a Straight Arrow; ‘You can’t connect the dots looking forward’: Insead
  • Louise Bourgeois on Art, Integrity, the Trap of False Humility, and the Key to Creative Confidence: BP
  • 7 steps to help you bounce back from a failure stronger than ever: BI
  • 10 Things You Should Start Doing Today To Motivate Yourself For Success: Forbes
  • Hubris – How To Recognize It And How To Deal With It: Forbes
  • ‘Dilbert’ creator: There’s a ‘clown genius’ behind Donald Trump’s campaign — and it’s why he’s unstoppable: BI, Dilbert
  •  How Mark Cuban prevents his kids from becoming ‘entitled jerks’: BI
  • A tech CEO shares the one quality all candidates should prove they have during the job interview: self-awareness; Don Charlton of Jazz on the Power of Candid Questions: BI, NYT
  • Former Microsoft exec explains why Satya Nadella would’ve been his ‘only’ internal choice for CEO: BI
  • In Praise of Slowness: Challenging the Cult of Speed: Farnam
  • Teenager who hated school but set out to become a tycoon; Yasser Khattak focused on plugs and switches to find a solution to an everyday problem: FT
  • Bedtime Stories for Young Brains: NYT
  • Jeff Bezos and Amazon Employees Join Debate Over Its Culture; Depiction of Amazon Stirs a Debate About Work Culture: NYT1, 2
  • The Missing ‘Leadership Principle’ at Amazon; The online retail giant has maintained a disruptive spirit, but it may need to adapt its corporate culture to keep employees happy: Bloomberg
  • Admitting You Don’t Know, When You’re the CEO: HBR
  • “It is easier to focus if you don’t go home,” explained a young employee named Jeffrey Bezos, who went on to found the Internet retailing giant Amazon.” : TII
  • Teaching Entrepreneurs to Do More Than Dream; Many U.S. business-school graduates can’t create a realistic profit-and-loss statement: WSJ

Books

  • The Other “F” Word: How Smart Leaders, Teams, and Entrepreneurs Put Failure to Work: Amazon

Investing Process

  • Korean regulator raids accountant for allegedly using inside information; It is the first time in 13 years that the Financial Services Commission (FSC) exercised its authority to raid people suspected of committing financial crimes. KT
  • Doubling your frozen capital, Hong Kong style, in suspended stocks; Tianhe and Sihuan, both suspended since March, are investments of Morgan Stanley Private Equity: FT
  • Solar firm Hanergy is bringing its profits down to earth. But the next step—getting paid by its parent—comes with strings attached.: WSJ
  • A Biotech Company Escalates the War Against Its Own Founder; The company demands that Martin Shkreli surrender more than $65 million in allegedly misused company assets: Bloomberg

Greater China

  • China’s Richest Traders Are Fleeing Stocks as the Masses Pile In: Bloomberg
  • Beijing Flounders on What It Has Done Best; Between slowdown and market turmoil, leaders appear to have lost some of their touch: WSJ
  • “It’s hard to trust data from China”: Hedge China’s Fragile Stock Market; A 6% selloff and fears of a weaker yuan underscore why investors should consider downside protection. Barron’s
  • China has a moral hazard problem; two thirds of WMP (Wealth Management Products) are non-guaranteed, thus held entirely off-balance sheet and not classified as deposit funding.: FT
  • Beware a China crisis that could crash down on us all; If the yuan dropped very sharply, inflation could soar, leading Beijing to raise interest rates, which would slow the country’s economy – which at the moment seems unthinkable: Telegraph
  • Auditor Slams Agencies, Property Companies for Misuse of 9.4 Bln Yuan; Over 100 companies and government agencies under scrutiny for misallocation of funds in affordable housing projects: Caixin, Reuters
  • China’s social media explosion has shattered the official silence; While information is now easier to come by, hard facts are not: FT
  • What are Chinese capital controls really? – Part 2: FT
  • Shared Office Space Comes to China; Landlords use WeWork model to gird for a slowdown in China’s economy and office market: WSJ
  • China retreats to financial shadows to boost economic growth: Reuters
  • Playing Chinese markets is as simple as ‘follow the leader’: Reuters
  • China Turned to Risky Devaluation as Export Machine Stalled: NYT
  • China’s devaluation adds to emerging markets woes; Investors are in a sell-first, ask-questions-later mood and even a paltry renminbi fall is alarming: FT

India

  • Bad debts cloud outlook for India’s private sector banks: MC
  • India’s Deadly Cities; why managing the rapidly growing urban population is harder than in neighboring China.: PS
  • Why Are India’s Top Online Retailers Running Free ‘Universities’?: Forbes
  • Uber’s Popularity in India Has Led to a Mini Vehicle Boom: Bloomberg

Japan & Korea

  • Reinventing Lotte Group: JA
  • Tokyo building boom causes debt fatigue as Sumitomo yields rise: JT
  • The father-daughter battle over the management of Otsuka Kagu, a Japanese furniture retailer, has ended in favor of Kumiko Otsuka, the daughter and the company’s president. : Nikkei
  • Kuroda Electric vs. Murakami: Proxy fight to test Japan’s corporate governance reform: Nikkei

ASEAN

  • As Nation Turns 70, Young Indonesians Speak Up: JG
  • Singapore bankers rattled by Asian moves to chase undeclared wealth: Reuters
  • Deloitte: Leadership crisis looming in Southeast Asian companies: Star

Macro

  • The Great Emerging-Market Bubble: PS
  • Mechanics of bond indices raise concerns; Investors to reassess traditional approach of debt market benchmarks: FT
  • Latin American Currencies Are Hit by Rate Fears and China’s Yuan Move; Mexican peso has declined as investors await U.S. interest-rate increase: WSJ
  • U.S. Lacks Ammo for Next Economic Crisis; Policy makers worry fiscal and monetary tools to battle a recession are in short supply: WSJ
  • Norway Oil Fund Excludes Companies on Environment Risks: Posco, Daewoo Int, Malaysia’s IJM and Genting: WSJ
  • World’s Biggest Currency Trade Is Stuck in a Fed-Induced Rut: Bloomberg
  • Emerging Currencies Extend Longest Selloff Since Turn of Century: Bloomberg

Energy & Commodities

  • Cargill makes bet on global appetite for farmed salmon; Cargill has made the second largest acquisition in its 150-year history in a wager on strengthening global appetite for farmed salmon, buying EWOS of Norway for €1.35bn : FT
  • Fish Farming Becomes Bigger Business Than the Open Sea: Bloomberg

Healthcare

  • FDA warns makers of superbug-prone devices over testing violations: reuters
  • Here’s why hospitals are using virtual reality to train staff; Virtual reality allows medical professionals to practice procedures that don’t occur frequently in real life. Fortune

TMT

  • Want to Shop for a Surprise? Try a Subscription Box: NYT
  • How Relay FM Proves That Podcasts Aren’t An Overnight Success: Techcrunch
  •  The agonizingly slow decline of adobe flash player: FastCo
  • One way to compete with amazon in e-commerce: Personality; Gift-box delivery service Man Crates is funny so that you don’t have to be.: FastCo
  • Less than two years after going public, Internet retailer Zulily Inc. is selling itself for a fraction of its post-IPO high as the flash-sale strategy it helped pioneer has lost its allure among consumers.: WSJ
  • Accomable: Lessons From an Inspiring Start-Up; A new start-up Accomable seeks to be the “Airbnb for disabled people and anyone with mobility difficulties.”: NYT

Consumer & Others

  • Walmart’s CEO keeps this magazine article from 1996 in his office: BI
  • A parable of Oreos and ovens: Once-popular cookie companies are facing competition from an unlikely source: home bakers: FT
  • American Apparel Raises ‘Going Concern’ Doubts as Losses Mount: Bloomberg
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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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