25 quotes that take you inside Albert Einstein’s revolutionary mind; Munger on How to Weigh the Importance of Easily Available Information: Look for disconfirming evidence – killing your own ideas; Emphasize factors that don’t produce lots of easily available numbers – Bamboo Innovator Daily: 27 Aug (Thurs)

Life

• 25 quotes that take you inside Albert Einstein’s revolutionary mind: BI
• Munger on How to Weigh the Importance of Easily Available Information; Look for disconfirming evidence – killing your own ideas; Emphasize factors that don’t produce lots of easily available numbers: Gurufocus
• Grow from Your Strengths: The only sustainable way to capture new opportunities is to remain true to what your company does best.: Strategy&
• Willa Cather on Happiness: A Soulful and Deeply Alive Account of True Bliss; “That is happiness; to be dissolved into something complete and great.”: BP
• Amanda Palmer’s Extraordinary BBC Open Letter on the Choice to Have a Child as a Working Artist: BP
• Hegel on Knowledge, Impatience, the Peril of Fixed Opinions, and the True Task of the Human Mind: BP
• Mistakes and the Creative Process: Farnam
• A Dozen Things I’ve Learned from Charlie Munger about Mental Models and Worldly Wisdom: 25iq
• This is how NASA used to hire its astronauts 20 years ago—and it still works today: qz
• The Reason Smart People Sometimes Struggle with “Aha” Moments: HBR
• The Silo Effect: The Peril of Expertise and the Promise of Breaking Down Barriers: Economist
• Harvard says these 8 leadership traits are critical for success: BI
• The javelin thrower who won gold at the World Championships learned how to throw from YouTube videos: BI
• Peter Thiel on what works at work: The tech entrepreneur talks about the ‘features and bugs’ of companies, society and his own personality. WaPo
• Jeffrey Pfeffer’s Required Reading. The Stanford professor calls out four books that illuminate the often-dark paths to power.: Strategy&

Books

• Hard Facts, Dangerous Half-Truths And Total Nonsense: Profiting From Evidence-Based Management: Amazon

Investing Process

• Why do auditors disclaim? Deloitte and PwC issue disclaimer opinions on Tianhe Chemicals and Sihuan Pharmaceutical: CAB
• MSCI Removes Hanergy From Indexes; Move allows funds to dispose of millions of dollars they have locked up in Hanergy shares: WSJ
• Governance in group entities still a potential weak spot: BT

Greater China

• China has tried 40 things to prop up its crumbling markets in the last 3 months – and only one of them has worked: Direct buying by the Chinese state. BI
• “You can’t ignore the Chinese economy. But the stock market should be for entertainment value, not a daily signal for people to make investment decisions.”: Bloomberg
• China Brings Back High-Risk Debt Structures to Increase Leverage: Bloomberg
• China Meltdown So Large That Losses Eclipsed BRICS Peers, Twice: Bloomberg
• China’s Central Bank Won’t Do Beijing’s Dirty Work: Bloomberg
• Billionaires Get Burnt by World’s Biggest IPO Losses in Hong Kong: Bloomberg
• Casualties of China’s Stock Collapse – Cadillacs and Toyotas: Bloomberg
• China’s Stunning Stock Market Moves in One Huge, Annotated Chart: Bloomberg
• Heard of China’s Fake Rolexes? Now There’s a Fake Goldman Sachs: Bloomberg
• Tech’s real China syndrome victims are yet to fall: Reuters
• Once a source of envy, Germany’s China exports turn into a risk: Reuters
• China’s ‘asset bubble’ growth solution hangs in the balance; China has reached the point in its growth cycle where it can no longer defend the yuan’s valuation against the USD without shedding reserves: FT
• China shows investors need a better financial early warning system; Ratings agencies are too slow to react, while markets behave like herds: MW
• With Yuan Down, Investors Aren’t Hungry for Dim Sum Debt; Prices fall as investors shy away in offshore market for Chinese bonds: WSJ
• China Economic Upheaval Mints Winners and Losers; Multinationals focusing on energy, steel sectors are hurting, while consumer businesses fare better: WSJ

India

• India Stands to Benefit From China Slowdown, Global Reaction; Resilient consumer spending, inward investment support domestic economy: WSJ
• Father-Daughter Duo Revitalize India’s Largest Luggagemaker – VIP Industries: Forbes

ASEAN

• Southeast Asian companies grapple with foreign debt worries: Reuters
• Malaysia Turns to 1998 Currency Peg Architect as Markets Bleed: Bloomberg
• Philippines’ 50 Richest 2015: Succession Plans Underway: Forbes
• Philippines’ 50 Richest 2015: Henry Sy Tops The List For Eighth Straight Year: Forbes

Macro

• From Manhattan to Detroit, Dollar’s Rally Spreads Economic Pain: Bloomberg
• Is Asia Set For Another Financial Crisis? Here’s Goldman’s Take; Given the size of foreign holdings of Asian equity and debt, should foreigners reduce their portfolio holdings by 2-3% over the course of a month, it would broadly offset the region’s current account surpluses, leaving their external balances in a shakier position: zh
• Concern over waning use of covenants in debt markets; ‘False bravado’ and investors’ lack of protection causes concern: FT
• Hedge Funds Bruised by Stocks’ Meltdown; A tumble in share prices stunned many hedge-fund managers and erased the year’s gains for some: WSJ
• A New Computer Glitch is Rocking the Mutual Fund Industry; Outage is preventing dozens of mutual funds, ETFs from promptly pricing their securities: WSJ
• Emerging-Market Currency Risk Shifts to Lenders; Foreign investors who bought local currency bonds are among biggest losers of recent selloff: WSJ

Energy & Commodities

• Oil Industry Needs to Find Half a Trillion Dollars to Survive: Bloomberg

Healthcare

• Dementia a ‘trillion dollar disease’ by 2018: Report: AsiaOne

TMT

• To be rational about Tesla is to miss the point: FT
• Deep learning sparks third artificial intelligence boom: Nikkei
• AOL Platform CTO: Your Skills Are Impermanent in Today’s Tech World: WSJ
• Build Data Quality Into the Internet of Things: WSJ
•  Wearable: ‘Hardware Ponzi Scheme’: EE

Consumer & Others

• Modern grocery and the emerging-market consumer: A complicated courtship: In some emerging markets, the response to modern grocery formats has been tepid. What’s a modern grocer to do?: McKinsey
• Water, Water Everywhere—in Bottles; With flood of new brands, water is on track to outsell soda by 2017: WSJ
• How Adidas Found Its Second Wind: The sportswear giant’s embrace of its heritage shows how reconnecting with the past can inspire a company’s future.  Strategy&