Bruce Lee on the Power of Repose and the Strength of Yielding; Henry David Thoreau on Reading; To Become a Leader, Think Beyond Your Role – Bamboo Innovator Daily: 3 Sep (Thurs)

Life

• Bruce Lee on the Power of Repose and the Strength of Yielding: BP
• Henry David Thoreau on Reading: Farnam
• To Become a Leader, Think Beyond Your Role: HBR
• Revenge of the philosophy majors; In Silicon Valley, brilliant coding and engineering is a given. The real value added, increasingly, comes from the people who can sell and humanise. Which is why tech startups suddenly crave liberal arts majors: Forbes
• 11 Things Smart People Won’t Say: Forbes
• LinkedIn founder Reid Hoffman explains how the CEO role evolves as a company grows: BI
• Kiva’s Jessica Jackley: How Entrepreneurs Can Do a Lot with a Little: K@W
• J. Crew’s famous creative director reveals the advice that changed her career: BI
• Small Business and the Secret of Big Growth: WSJ
• The Great Books? Think again: Liberal-arts majors could become a thing of the past: MW
• How To Build Relationships As An Underdog: A Real Success Story from Ben Franklin’s Early Life: LinkedIn
• Hire People Who Aren’t Like You (and Other Tricks We’ve Learned While Transforming GM): LinkedIn

Investing Process

• A Dozen Things I’ve Learned from Charlie Munger About Benjamin Graham’s Value Investing System: 25iq
• Toshiba whistleblowers prompt another reporting delay; Muromachi apologizes for the failure of the probes to uncover all of Toshiba’s accounting problems. Nikkei
• ‘It just seems weird’: shareholders react to Harvey Norman buying dairy farm; Furniture and appliances retailer Harvey Norman has defended its decision to diversify into dairy farming and cattle breeding, telling shareholders it is confident a $34 million investment in one of Australia’s largest dairy farms will deliver returns. BRW

Greater China

• “What If China Devalues To 8?” BofA Warns Of “Profound” Consequences For Commodities, Financial System: zh
• China’s Bond Market Presents False Sense of Security; As China’s economy slows, the bond market is another area where dislocation could emerge: WSJ
• Templeton’s Mark Mobius says China’s stock selling curbs ‘alarming’: Star
• Tiger Global fund hit by fall in China stocks: FT
• China blame game spooks investors: FT
• China should welcome its short sellers; Foreign hedge funds are convenient villains in a financial crisis: FT
• Inside Uber’s Fight With Its Chinese Nemesis, Didi Kuaidi; China’s huge ride-hailing market has erupted into an all-out brawl: WSJ
• Huawei Chips Away at Samsung: WSJ
• Foreign Firms Feel China’s Chill; Market turmoil and Beijing’s crackdown on brokers and investors is complicating the plans of funds and banks: WSJ

India

• Why India ignores a $16 billion health crisis: KH
• The Successful Indian Tech Companies You’ve Probably Never Heard Of: WSJ
• The Future of India’s Dairy Industry Lies With Bull Semen: Bloomberg
• Modi’s Make in India Push Seen Propelled by Auto Production: Bloomberg

Japan & Korea

• Summoning Korean chaebol tycoons for audits ‘tricky’: KT
• LG’s clothing care system Styler to go global: KH
• Industry innovators aid growth in Korea; interview with Kim Jong-pil, a two-time prime minister: JA
• Samsung Joins the Smart Home Sensor Battle With Apple, Google: Bloomberg
• Abe Is Bringing Social Security Numbers to Japan in Effort to Boost Tax Revenue: Bloomberg
• Foreigners Flee Japan Stocks at Fastest Pace Since at Least 2004; Bloomberg
• Mood Darkens in Tokyo as Traders Crowd Into Bearish Stock Bets: Bloomberg

ASEAN

• Malaysia’s economic frailty is all too familiar; The country is facing comparisons with the 1997 Asian financial crisis: FT

Macro

• Super sector outgrows local sharemarket; Australian listed companies may need to issue less equity and raise more bonds over the coming years to satisfy the needs of the $2 trillion superannuation sector, which is sending an increasing share of its sought-after capital offshore. TheAge
• Some Hedge Funds Prosper in Market Tumult: NYT
• Bill Gross: “Go To Cash”: zh
• Second Largest US Pension Fund To Sell 12% Of Stocks Holdings In Advance Of “Another Downturn”: zh
• Giant U.S. Pension Fund Calstrs to Propose Shift Away From Stocks, Bonds; Calstrs to discuss shifting up to $12 billion to Treasurys, hedge funds, other investments: WSJ
• Almost Half of Homes in New York and D.C. Are Now Losing Value: Bloomberg
• Was Monday’s ETF Collapse Just A Warmup?: zh
• Market Plunge Provides Harsh Lessons for ETF Investors: Barron’s

Energy & Commodities

• SEC Ordered to Speed Up Rule for Resource Industry Reporting: WSJ
• Steel CEO Who Called China Slump Flummoxed by Cheery Miners: bloomberg

Healthcare

• Valeant: A Detailed Look Inside a Dangerous Story Well Told – PART IV: The IRR Fallacy: AZV

TMT

• The success of Apple Music is even more important for Apple than people realize: BI
• In search of market signals amid Twitter noise; A wave of young companies mine networks to predict stock prices: FT
• Battery Frenemies Tesla and Panasonic Poised for a Fight in Europe: Bloomberg
• Is Silicon Valley in Another Bubble . . . and What Could Burst It?: VF

Consumer & Others

• Supermarket warehouses worth more than stores; Some supermarket warehouses are now worth more than their stores as customers switch from visiting shops to online deliveries. FT
• McDonald’s All-Day Breakfast Might Make America’s Egg Shortage Worse: Bloomberg
• Hotels Fight Back Against Sites Like Expedia and Priceline: NYT