Nike’s founder reveals the best decision he ever made; What Generous People’s Brains Do Differently; “No artist is pleased… There is only a queer divine dissatisfaction, a blessed unrest that keeps us marching and makes us more alive than the others.” – Bamboo Innovator Daily: 2 Oct (Fri)

Life

  • Martha Graham on the Life-Force of Creativity and the Divine Dissatisfaction of Being an Artist; “No artist is pleased… There is only a queer divine dissatisfaction, a blessed unrest that keeps us marching and makes us more alive than the others.”: BP
  • Nike’s founder reveals the best decision he ever made: BI
  • What Generous People’s Brains Do Differently: HBR
  • How Gratitude Can Help Your Career: HBR
  • 4 Steps To Overcome Adversity And Amplify Your Success: Forbes
  • Old Money’s 7 Essential Ways to Stay Rich; Lessons from five centuries of safeguarding family money.: Bloomberg
  • How the Superwealthy Plan to Make Sure Their Kids Stay Superwealthy; Passing on a fortune isn’t as easy as it seems.: Bloomberg
  • Rewriting the Economic Rules; it’s insidious that farmers are buying genetically modified seeds. Attacking innovation is a strange way to save capitalism. WSJ
  • Nicolas Berggruen is on a crusade for ideas; wants to be “midwife” to new conceptual frameworks that can rank alongside the Reformation, the Enlightenment, Marxism or the Washington Consensus: FT
  • Psychiatrists use an old trick to get people to trust them with their secrets – and it works just as well in business: BI
  • Capitalism and its discontents: Anti-capitalism is being fuelled not just by capitalism’s vices but also by its virtues: Economist
  • 10 idioms from around the world that make absolutely no sense in English: BI
  • 8 bizarre German words with no English equivalent: BI
  • 3 brilliant ways to breeze through the mid-afternoon slump and have more energy all day: BI
  • Rewriting the Economic Rules; it’s insidious that farmers are buying genetically modified seeds. Attacking innovation is a strange way to save capitalism. WSJ

Books

  • First, Fast, Fearless: How to Lead Like a Navy SEAL : Amazon

Investing Process

  • Seeking Wisdom In India: Janav
  • Good Investing Hurts: The best investors enduring years of pain. Fool
  • Smart Beta’s ETF Domination; With nearly $500 billion already under management, smart beta indices are becoming a more dominant part of the exchange-traded universe, according to Morningstar.: ai-CIO
  • Sinarmas Land share buyback raises questions: BT
  • Lax scrutiny, over-reliant directors behind improper financial statements: Acra: BT
  • Bit late to start playing defence? Danger is that those switching into supposedly safer stocks will find they have paid over the odds: FT
  • Outsiders in chemicals, the story of Rockwood Holdings: BLMS
  •  Interview with Sanjay Bakshi: TWS
  • Some big hedge funds’ top 10 lists look a lot alike: Reuters
  • Shorting Blacksmiths: RM

Greater China

  • Chinese Cash Flow Shocker: More Than Half Of Commodity Companies Can’t Pay The Interest On Their Debt: zh
  • China’s commodity companies are drowning in a sea of debt: BI
  • Why Apple and Nike Can Buck China Slowdown; In China’s increasingly two-speed economy, some U.S. companies thrive; others falter: WSJ
  • Global Giants Listed in Hong Kong Crumble as Ties to China Backfire: Bloomberg
  • MGM’s Solution to Trouble in Macau: Treat the Masses Like VIPs: Bloomberg
  • China’s Australian bond ownership is bigger than we thought; “We don’t know what the Chinese are selling because we don’t know the composition of their reserve holdings”: TheAge
  • Hong Kong, Japan and South Korea would feel brunt of China hard landing, yuan could devalue 10 per cent: analysts: SCMP
  • Hong Kong home prices could tumble 30 per cent through 2017 on deteriorating economy: UBS: SCMP
  • Hong Kong home rents expected to fall along with prices: SCMP
  • Emerging Chinese players bring changes to aircraft leasing industry: SCMP
  • Stocks loaned as collateral pose broader financial risk as China market slump builds: SCMP
  •  The price of coffee in China has people griping: Nikkei
  • ‘De-deification’: Chinese state media escalate attacks on Li Ka-shing: Nikkei

India

  • E-commerce in India: Snap, flip and crackle; Flipkart and Snapdeal vie to be India’s answer to Amazon and Alibaba: Economist
  • What Does Bill Gates Think of Narendra Modi?: WSJ
  • We are suffering from shoddy and expensive financial products: Ajay Shah; Professor at the National Institute for Public Finance explains why Indian companies are not competitive in global markets: Forbes
  • Brick-and-mortar stores growing despite etail boom in India: Forbes
  • India a good boy in a bad world: Uday Kotak; The nation is following a disciplined monetary path that will pay off in the long run, says Kotak Mahindra Bank chief: Forbes
  • The talking point: Incremental or big bang reforms for India? Top brains argue on what’s best for the country’s economy: Forbes

Japan & Korea

  • S. Korean firms abandon dollar debt to tap record-low rates at home: Star
  • Japan Advances on Self-Driving Road; Toyota starts selling safety device that can talk with other cars; Robot Taxi readies driverless experiment: WSJ
  • Samsung TVs appear less energy efficient in real life than in tests: Guardian
  • Investments that Pay when Korean Workaholics Play: ABG
  • Analyst Known as Mad Dog Says Yen Can Rise to 100 Per Dollar: Bloomberg
  • This Japanese Emissions Equipment Maker Humbled Mighty VW: Bloomberg
  • Designer bag brand Kwani goes global; “In order for steady global success, we must first be trusted and loved by people in our own nation” : KH

ANZ

  • Foreign takeovers in Australia: Selling the farm; The prospect of foreign ownership of two giant agri-businesses causes alarm: Economist

ASEAN

  • The Parsi community is shrinking but not in Singapore; Here they have bucked the trend, doubling to about 300 Parsis from 15 years ago: ST
  • Indonesia’s ‘haunted’ offices create niche industry in exorcisms: FT
  • Ringgit rout fails to revive Malaysia exports; Sharp rally seen after 1997 crisis is absent this time: FT
  • Scandal-hit Malaysia investment fund files accounts late: FT
  • Saving sens and losing excellence: Hard times are upon us and the Education Ministry has ordered schools to cut costs. But what of the push for international accolades?” Star
  • Indonesia Minister Says China-Built Train Could Be Slower; Government defends Jakarta-to-Bandung rail project: WSJ
  • How Thailand Plans to Jump-Start Its Economy; Somkid Jatusripitak, Thailand’s new economics czar, is trying to turn around one of Asia’s worst performers: WSJ
  • Singapore’s MediaCorp in media-for-equity deal with VC-backed skincare brand: DSA
  • Credit rating Agency Standard & Poor’s has tagged the Philippines as the world’s strongest major emerging market, citing its buffers that would insulate the economy from external shocks.: NM

Macro

  • Emerging Markets Set for First Annual Net Outflow in 27 Years: Bloomberg
  • Capital flight darkens economic prospects for emerging markets: FT
  • Fears of a Chinese ‘hard landing’ trigger mass exodus from emerging markets; Investors are pulling their money out of emerging markets in the biggest net outflow of capital since 1988: Telegraph
  • A big investment banking business is a horror show, and traders are trying to get out: BT
  • The evidence coming out from the mis-sold insurance scandal is getting ridiculous: BI
  • Young Americans Are Giving Up on Getting Rich; Despite debt, stagnant wages, and sluggish economic growth, young people may yet find a path to prosperity. Bloomberg
  • The vultures circle: Rising credit spreads are the latest bad omen: Economist
  • Emerging markets: Under the cosh; The winners and (mostly) losers from the recent turmoil: Economist
  • The credit bubble, the bears and the central bankers; What happens when emerging market private money creation slows or goes into reverse? FT
  • Treasury’s Lew Says Congress Must Raise Debt Limit by Nov. 5; The government will run out of money to pay its bills sooner than previously thought: WSJ
  • With Consumer Lenders Under Regulatory Glare, Big Banks Tighten Purse Strings: NYT
  • The Pain Trade: How Slumping Commerce Threatens Global Growth: Bloomberg
  • Distressed Bonds at 59 Cents Threaten Emerging Market Gains: Bloomberg
  • E.T.F. Sponsors Remain Confident in the Face of Volatility: NYT
  • Junk or AAA? Rating Split Plagues Chicago as It Borrows Billions: Bloomberg
  • Is Asian century over, prematurely?: KT
  • Hot Money Crew Brings Asia Back to Earth; Stocks have dived as foreigners fret over Asia’s debt levels but brave investors may find long term value.: Barron’s

Energy & Commodities

  • Oil companies in the Arctic: A rig too far; Shell’s retreat from the frozen north shows the new realities of “big oil”: Economist
  • Painful effects of petrodollar deficit; Proceeds from selling oil that flowed back into the global system underpinned credit boom: FT
  • Glencore defaulted cotton deal comes unstitched: FT
  • South Africa’s Gold Miners Turn to Machines to Stay Afloat; As gold gets harder and more expensive to mine, companies look for more efficient, safer ways to dig deeper: WSJ
  • At Glencore, a Mining Emperor Tries to Save His Realm; CEO Ivan Glasenberg struggles to reassure investors amid a rout in commodity prices: WSJ
  • Half of World’s Coal Output Is Unprofitable, Moody’s Says: Bloomberg
  • Why Commodities Are Back in the 1990s: Bloomberg
  • Glencore’s Wild Ride Has Investors Asking: Can It Happen Again?: Bloomberg
  • Are mysterious commodities traders like Glencore and Noble too big to fail?: theAge

Healthcare

  • Gene editing: Even CRISPR; A new way to edit DNA may speed the advance of genetic engineering:Economist
  • Early Promise for a New Paralysis Treatment; Startup InVivo treats nerve cells within the spinal cord.: Bloomberg
  • Healthcare junk bonds sting investors: FT

TMT

  • Apple has invented a smart ring: BI
  •  $2 billion startup GitHub’s next mission: Turn you into a programmer: BI
  • Goldman Sachs’ former technology chief is building ‘the FedEx of money’:BI
  • This anecdote about Google’s CEO missing a meeting shows what the new ‘Alphabet’ structure will be like: BI
  • Artificial intelligence: Watson, IBM’s attempt to crack the market for artificial intelligence, is starting to be tested in the real world: Economist
  • Machines for thinking: Computers will get smarter, but with humans in charge: Economist
  • In Social Media Marketing, the Burger King Has It His Way; Burger King’s tightfisted managers crank out quirky marketing suited to the Digital Age.: Bloomberg
  • Google’s Nest opens door to ‘smart home’ growth: FT
  •  Uber wants you to change the world without leaving home; Despite high-tech trappings, they are essentially a feudal mechanism: FT
  • Can Synaptics Really Do Better? A reported bid for chip maker Synaptics shows a fair premium despite recent selloff : WSJ
  • Google’s Moonshots Lose a Lot, or a Little, Money: WSJ
  • At Google, Breathing Room for New Ideas; Nest Labs unit insisted on autonomy and is now a model for Alphabet Inc. reorganization: WSJ
  • What we can learn from the epic failure of Google flu trends: Wired
  • IBM Scientists Find New Way to Shrink Transistors: NYT
  • Threat Of Digital Disruptors Fuels Rush For Corporate Accelerators: Forbes

Auto

  • This Car Dealer Turned Billionaire Got a Little Help From Buffett: Bloomberg

Consumer & Others

  • The trouble with those 20 percent off coupons from Bed Bath & Beyond: WaPo, BI
  • This cheaper version of Forever 21 that sells shirts for only $1.60 is trying to take over teen retail: BI
  • Board games: Not twilight, but sunrise; Table-top games are booming in the video-game age: Economist
  • Jet-Engine Maker Pratt Shores Up Weak Link in Supply Chain; Problems at UPS logistics center this summer stalled United Technologies unit’s production for nearly a month: WSJ
  • The L’oréal chemist who’s changing the face of makeup: FastCo
  • The Ikea-backed company making flat-pack refugee shelters can’t keep up with demand: qz
  • The history of an iconic sports beverage: Gatorade turns 50: Fortune
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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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