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
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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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