The benefits of a liberal education do not go out of date: The belief that study should be focused more on job-specific knowledge is misconceived – Bamboo Innovator Daily: 26 Aug (Wed)

Life

• The benefits of a liberal education do not go out of date; The belief that study should be focused more on job-specific knowledge is misconceived: FT
• The Genius Of Zero-Billion-Dollar Markets: How Netflix and others tackled markets that didn’t exist. RW
• 15 Critical Habits Of Mentally Strong People: Forbes
• Cash In On The Gift That Is Grit: Techcrunch
• How to be less busy and more productive at work: Fortune
• Data-Driven Management Can Also Be Compassionate: HBR
• 9 ways to become a more interesting person: BI
• Why some billionaires are bad for growth, and others aren’t; Not all inequality is created equal; How much wealth comes from political connections?: WaPo

Investing Process

• Tech challenges, severed contracts cloud Hanergy’s outlook: Reuters
• Singapore’s Out-of-Sync Bonds Create a China Fishery Pricing Gap: Bloomberg
• The One-Man, $1.2 Billion ETF Shop: Bloomberg

Greater China

• China Said to Halt Stock Support Amid Intervention Debate: bloomberg
• Traders Increase Bets Against Yuan; Currencies pegged to buck like Hong Kong dollar and Egyptian pound also face pressure: WSJ
• Glut of Chinese Steel Looms Large; China is increasingly using recycled steel, pressuring iron-ore prices and global miners: WSJ
• Questions over Li Keqiang’s future amid China market turmoil; Premier could take fall if Beijing needs scapegoat, : FT
• China Eases but Stench of Crisis Remains; In addition to monetary-policy moves, PBOC takes step toward liberalizing interest rates: WSJ
• China analysis: interest rate cut raises fresh questions: TheAge
• Is China Quietly Targeting A 20% Devaluation?: zh
• Dollar Depeg Du Jour: 32-Year Old Hong Kong FX Regime In The Crosshairs: zh
• Devaluation Stunner: China Has Dumped $100 Billion In Treasurys In The Past Two Weeks: zh
• China says will crack down on underground banks, stem capital flight: Reuters
• Global Automakers Roar As China Cut Auto Financing Reserve Ratio: Barron’s
• China turmoil spells trouble for the IPO pipeline: FT
• Alibaba CEO tells staff to forget about share price, focus on job, as the group’s stock sank below its initial public offering price of $68 for the first time: FT
• China Has Big Eyes, Little Stomach for Oil; The world’s key buyer is making a fundamental case against crude: WSJ
• Market crash: China’s journey to share crisis epicentre: TheAge
• China’s Yuan Shock Gives Carry-Trade Crowd Worst Year Since ’08: Bloomberg
•  China’s Complexity Problem: PS

India

• From World No. 10, Rahul Sharma Wants To Take India’s Phonemaker Micromax To World Top 5 : Forbes
• Indians cry foul over soaring onion prices; “The root cause of the surge in onion prices is collusion among a few traders”: FT

Japan & Korea

• Yamada Denki plans 3-D printing of custom figurines; Yamada Denki will sell custom human figurines made using 3-D printers as it tries to familiarize consumers with the technology and create demand. Nikkei
• State pension fund suffers big loss in Samsung units: KH
• Outstanding Korean household debt and credit purchase have increased significantly to more than 1,100 trillion won ($920 billion), setting a new record and deepening concerns about households’ financial health : JA

ASEAN

• Houses in KL too expensive; Khazanah says its latest report housing in Penang is also severely unaffordable: Star
• Investors in Bursa Malaysia are poorer by more than RM159bil since July 15 due to the steep decline in the ringgit and commodity prices. Star
• Indonesia’s Lion Air magnate Rusdi Kirana; The billionaire who built one of the fastest-growing airlines: FT

Macro

• Investors Bet on Currency Pegs Coming Under Strain; Bets against pegs in Hong Kong and Saudi Arabia accelerated after China devalued currency: WSJ
• Stock-Market Tumult Exposes Flaws in Modern Markets; Exchange-traded funds became hard to price as stocks tied to them cratered: WSJ
• Slow Dark Pools Cost Investors, Study Says; Dark pools’ creaky infrastructure and slow computer systems are more of a threat to investors than the ultrafast traders that lately have fueled anxieties about the private trading venues: WSJ
• Accounting Chiefs Rarely Promoted to CFO Role; Only 20% of current finance chiefs who were promoted internally had such a background, it says. That compares to 36% in 2010. WSJ
• Grip on Non-Audit Fees Grows Tighter; Auditor-independence rules continue to lower the amount companies spend on accounting fees unrelated to their audits.: WSJ
• El-Erian: Market Now Is Not Like 1998 Or 2008: VW
• ‘Made in China’ financial funk spurs fearful global scenarios: JT
• EM forex: adding to local currency default risk?: FT
• Memo to Regulators: About That Early-Warning System: Bloomberg

Energy & Commodities

• 1 Cent Saving Is All Japan’s JX Needs to Look Beyond Mideast Oil: Bloomberg

Healthcare

• Why a “universal” flu vaccine may soon be a reality; Scientists are developing a jab that might only need to be given once in a lifetime: Economist
• Cancer cells can be programmed to become normal again: qz, Telegraph

TMT

• Internet roulette: Are we ready for the “Internet of Things”? Probably not: WaPo
• Connecting Your Car to Your Smartphone Can Make Auto Data Work for You; The Automatic, the Mojio and the Zubie collect data about your vehicle’s engine, fuel efficiency and location: WSJ
• PayPal Fights Fraud with Machine Learning and ‘Human Detectives’: WSJ
• Deodorizing Your Data: MIT
• A Seattle startup has found a way to grow high performance metals in a cheap and energy efficient way, marking an important breakthrough for industries like construction, automotive, and oil and gas. Fortune

Consumer & Others

• McDonald’s Lands in a Real-Estate Dilemma; Spinning off properties, as urged by some, would unlock value-and open can of worms; arguments against a REIT far outweigh those for it: WSJ
• Brands want the creators of ‘normcore’ to be their ‘millennial whisperers’; “normcore” was a runner up for the Oxford English Dictionary’s “word of the year” : WaPo
• Pacific Brands says it has turned the corner and is on track to start paying dividends thanks to strength in its 100-year-old jocks and socks brand Bonds. TheAge
• Small Food Brands, Big Successes: NYT
• McDonald’s is making an expensive bet on digital self-service kiosks to drive sales.: BI