Reflections on Leadership from Gettysburg – Bamboo Innovator Daily: 13-14 Oct (Tues-Wed)

Life

• Reflections on Leadership from Gettysburg: HBR
• A Child Who Treats Their Parents With Respect Is An Employee Any Boss Would Be Thrilled To Hire: Forbes
• Oprah Winfrey hates meetings so much she once persuaded Coretta Scott King not to visit her; “[I] really, really, really try to avoid meetings.” She prefers that her staff instead send her detailed emails. BI
• Minimizing our problems can help us cope. Maximizing our strengths can help us flourish. Forbes
• Louis I, King of the Sheep: An Illustrated Parable of How Power Changes Us; “Never be hard upon people who are in your power,”Charles Dickens counseled in a letter of advice to his young son: BP
• The Gentle Giant: Oliver Sacks and the Art of Choosing Empathy Over Vengeance; An existential lesson gleaned from a brush with death and foolishness.: BP
• The Four States of Mind: Farnam
• Hunter S. Thompson on Living versus Existing: Farnam
• The cofounder of Apple talks about how Steve Jobs viewed innovation and instilled it into the company’s products: BI
• 13 tricks Steve Jobs, Jeff Bezos, and other famous execs have used to run effective meetings: BI
• Why Angus Deaton Deserved the Economics Nobel Prize; Angus Deaton: A Skeptical Optimist Wins the Economics Nobel; Angus Deaton is a meticulous scholar who believes that reducing the world to simple theories is almost always dangerous; Nobel Economist Showed We’re Helping the Wrong People: NYT, NewYorker, Bloomberg
• Former Indonesia investment banking head of UBS fined by Singapore regulator for insider trading; currently works for private equity firm Carlyle Group as the Indonesia head: Reuters
• An email adding one letter to his domain name almost cost Centrify’s Tom Kemp $500,000. Here’s his 4 tips for avoiding ‘CEO fraud’. BRW
• New Billionaire: Martin Selig Escaped Nazi Germany to Seattle, Where He Built Fortune In Real Estate: Forbes
• Mental competency tests in the C-suite are more common than you think: Fortune
• How Charles Koch made his billions; His new book Good Profit shows another side to the billionaire businessman: Fortune
• The Innovative Mindset Your Company Can’t Afford to Lose: HBR
• 4,000 Starbucks workers are going to college for free: CNN
• Giant, ancient viruses are thawing out in Siberia – and they’re changing everything we thought we knew about them: BI
• How Office ‘Bad Guys’ Handle the Role; Whether they are axing pet projects or firing underperformers, some managers learn how to be comfortable with being unpopular. WSJ
• GE’s Jeff Immelt on evolving a corporate giantGE’s Jeff Immelt on evolving a corporate giant, what’s driving the company’s evolution, how he leads, and why he’s different from Jack Welch. McKinsey
• What’s the Difference Between Data Science and Statistics?: PN
• Chinese scientists are developing color-changing paint you can remotely control: BI
• Famous last words of 18 famous people: BI
• Woody Allen inspired billionaire Uber CEO Travis Kalanick to get back into startups: BI
• Uber CEO Travis Kalanick knows a thing or two about when to call it quits if your company’s not finding success.: BI
• Lunch with the FT: Jonathan Franzen; What is it about the great American novelist that provokes such strong reactions? FT
• How Google’s head of marketing handles 20 meetings a day: FastCo
• How Ads for Big Brands Could Benefit Rivals Instead: Strategy&
• Freakonomics author Steven Levitt got a whole bunch of college kids to confess to cheating: BI

Books

• 100 Baggers: Stocks That Return 100-to-1 and How To Find Them : Amazon

Investing Process

• WARREN BUFFETT: We don’t do due diligence — we just look into your eyes: BI
• Warren Buffett dumped all over hedge funds for a promise that lasts long enough to get them rich: BI
• World’s first listed peer-to-peer platform suspends operations over “misconduct” and reported itself to police after discovering “serious misconduct” including misuse of client money. FT
• Alarm sounds on creeping shell shams; Concern expressed by Securities and Futures Commission chairman Carlson Tong Ka-shing over abnormal cases in the Growth Enterprise Market: Standard
• Study Claims Financial Restatements Inspire Others to Manipulate Earnings: AT
• FIN 48 Deterred Earnings Management; FIN 48 has helped discourage companies from using tax reserves to manage their quarterly earnings reports: AT
• For-Profit Colleges Accused of Fraud Still Receive U.S. Funds: NYT
• SEC is readying civil charges against snack maker Mondelez for alleged accounting violations in connection with a probe of payments its Cadbury unit made in India. WSJ
• Noble CEO Says Prices to Insure Its Debt Were Manipulated; Yusuf Alireza accuses unnamed people of interfering in the market for insuring the company’s debt? WSJ
• Creating a Startup Index Fund using AngelList Syndicates: Medium
• I recently invested in over 150 startups: Here’s what I’ve learned so far creating a Startup Index Fund using AngelList: Medium
• How Do You Value A Company Like Uber? Techcrunch
• Why Buffett has no interests in activist investing: Yahoo
• ‘Big Four’ supportive of framework to help Singapore companies choose right auditors: CNA
• Renaissance Technologies, one of the world’s most successful and secretive hedge fund groups, is to wind down a $1bn investment fund after its underwhelming performance failed to attract enough outside investors.: FT
• Warren Buffett (still) doesn’t want to be an activist investor: Fortune
• Hong Kong’s cornerstone investors do not guarantee IPO success; Problems for investors when list becomes one of quantity rather than quality: FT
• Savers lose £13.3m in pensions ‘scam’: FT
• SEC Readies Clawback Rules for Punishing Bad Accounting: WSJ
• Robo says investors want a human touch in retirement accounts; When it comes to 401(k) plans, people want to talk to people: IN

Greater China

• The Next China Default Could Be Days Away as Steel Firms Suffer: Bloomberg
• Loan Crisis in Hebei Gets Worse with Executive’s Stabbing; Angry investor attacks head of asset management firm at meeting held to sort out mess involving hundreds of millions of yuan in soured loans: Caixin
• A disgruntled Chinese investor has stabbed the chief executive of an asset management company, the latest sign of escalating tension in the country’s financial system amid rising defaults. FT
• Will Investors Get Burned in Bond Market Fire? A decision to relax corporate bond rules sparked a surge in new issues as well as fears of risk in a less-supervised market: Caixin
• China Tech Beckons Asia Bankers; Mirroring a U.S. trend, senior bankers in Asia are jumping ship to join Chinese technology companies: WSJ
• China Fund That Beat 99% of Peers by Selling Tech Is Now a Buyer: Bloomberg
• SOE it’s actually better to fade away?: FT
• China’s Great Game: New frontier, old foes; Beijing’s attempts to tame the energy-rich Xinjiang region may be stoking unrest from its ethnic Uighur population: FT
• Chinese Liquor Favored by Putin Set to Debut in Vodka’s Backyard; Moutai to be sold in Russia at about the same price as China: Bloomberg
• Goldman’s Lone Hit Among Asia’s Junk Flops — China Developers? Bloomberg
• Yuan-Proof ETFs Fall Short as Cure-All for China Stock Buyers: Bloomberg
• ‘This is the book on China that Chanos recommends’: BI
• Excitement over Hong Kong exchange tempered by weaker outlook: FT
• Chinese drone pioneer DJI is still gaining altitude: FT
• China’s Great Game: Road to a new empire: FT
• China Steps Up Investments in Australian Ports; Deal comes as Australia seeks alternative sources of growth as mining boom fades: WSJ
• The Implosion of Beijing’s Taiwan Strategy; Bet on its old foe backfires as Kuomintang self-destructs: WSJ
• Study Shows Spread of Cigarettes in China: NYT

India

• The 2015 Forbes India Rich List is a reflection of changing times: Forbes, Forbes
• Reality check: The 100 richest Indians: Forbes
• Witches and thrones: Indian animators cash in on special effects boom: Reuters
• Uday Kotak: The institution builder; His bank, now India’s fourth largest in the private sector, carries his name. But for intuitive entrepreneur Uday Kotak, it’s all about building a lasting legacy of values: Forbes
• India plans to build the world’s biggest statue, a tribute to Indian independence leader Vallabhbhai Patel. It would stand roughly twice as tall as the Statue of Liberty: WSJ
• India drafts rules to regulate Uber, other ride-hailing firms: Reuters
• CP Gurnani: The people’s CEO; Tech Mahindra’s CP Gurnani is the man to get a job done. And he does it by winning the loyalty of his colleagues: Forbes
•  Uber and Ola hit by new taxi app regulations in India: FT
• Up to 850,000 Indian pharmacies to close their doors in protest against online drug sales: FT
• The Hidden Threat to Indian Inflation: Schools and Hospitals: bloomberg
• KKR Warns About Renewed Commodity, Emerging-Market Rout on China: bloomberg

Japan & Korea

• South Korean prosecutors arrested a former employee of Daiwa Securities’ South Korean unit for allegation of stock manipulation, raising concerns over the credibility of foreign brokerages operating in the country: mk
• Is Korea’s most-wanted conman really dead? The purported death of Cho Hee-pal, the mastermind behind South Korea’s largest-ever fraud case, returned to the spotlight as his close aide was arrested in China last week: KH
• SK expects deep trouble in semiconductors: KT
• Lotte scion tries a countercoup; Elder Shin has his younger brother kicked off Japan board; Elder brother hits back at Lotte Group chairman; Lotte Chairman Ousted by Brother From Key Affiliate in Group: JA, KT, Bloomberg
• Oversupply and Tighter Lending Threaten Korea’s Property Market: Bloomberg
• Japanese seasoning group Ajinomoto eyes changing tastes; MSG maker Ajinomoto hopes to benefit from backlash against sugar: http://www.ft.com/intl/cms/s/0/a7dfcffc-600a-11e5-a28b-50226830d644.html#axzz3oT50BPpa

ASEAN

• Thailand’s Saha Group makes logistics key to its regional strategy: Nikkei
• Myanmar to Open Yangon Stock Exchange in Early December; The government will announce a list of around 10 companies to go public when the exchange is launched: WSJ
• Young Woman Leads Fast-Growing Family Company in Myanmar; Win Win Tint explains how she turned one family supermarket into a booming chain despite military rule, consumers used to street markets: WSJ
• Debt-Fueled Bond Buying in China Raises Concerns; More investors are using bonds as collateral for loans to buy additional bonds; echoes of margin trading in stocks: WSJ
• Goldman Entangled in Scandal at Malaysia Fund 1MDB; FBI and Justice Department gather information about bank’s role in transactions at 1Malaysia Development: WSJ
• SGX to inspect over 550 listed firms on governance code: BT
• Manoj Punjabi: champion of Indonesian movies: FT
• Jokowi stumbles along the road to reform; Indonesia’s president must take a firmer grip upon his government: FT
• What Moody’s Is Watching as Malaysian Credit-Default Swaps Soar: Bloomberg
• Singapore accelerates towards deployment of driverless vehicles with two new trial projects: Yahoo
• Singapore Set to Ease as Currency Faces Rerun of ’97 Asia Crisis: Bloomberg

Macro

• Rich Nations Lose Emerging-Markets Motor; New weakness in China’s economy heightens concerns that developing countries are weighing on rich ones: WSJ
• “We’ve Never Seen Anything Like This” – Dumbfounded Central Bankers Brace For “Rolling Series Of Crises”: zh
• Andy Hall Loses 7% In September, Down 20% YTD: Will He Blow Up Twice In One Year On The Same Trade?: zh
• Market Expectations Of A Stock Market Crash Have Never Been Higher: zh
• Vanguard moves past Fidelity in ranking of manager of DC mutual fund assets: PIO
• Active Managers Catch Break as U.S. Stock Correlations Collapse: Bloomberg
• Fortress, Bain Lead Hedge Funds Liquidating in Market Volatility: Bloomberg
•  In a Flurry of Deals, the Beginning of the End?: NYT
• As Some Hedge Funds Sink, the Challenge Buoys Others: NYT
• The commodity-credit feedback loop: FT
• It’s never been more expensive for investors to protect against a ‘Black Swan’: BI
• Watchdog accuses water groups of retaining £800m excess profits: FT
• About two-thirds of financial products are now sold without professional financial advice, up from 40 per cent three years ago: FT
• Why General Electric Is Unwinding Its Finance Arm; Stricter regulation curbed GE Capital’s freewheeling ways, and profits: WSJ
• Debt-Fueled Buyback a Dividend Arbitrage for Johnson & Johnson; Johnson & Johnson’s $10 billion, debt-fueled share repurchases will largely pay for itself in reduced future dividend payments.: WSJ
• Bond Market Breaking Bad – Credit Downgrades Highest Since 2009: zh
• It Begins – Managed High Yield Bond Fund Liquidates After 17 Years: zh
• New CBD skyscraper rules ‘stunned’ Asian investors: TheAge
• Buffett Says Skip Paying Wall Street for Advice on Activists: Bloomberg
• UBS: This is How Troubles in the Bond Market Could Impact Stocks; When would-be bond selling becomes actual stock-selling.: Bloomberg
• Brazil’s Next Big Crisis Is Scaring Bankers and Wiping Out Jobs: Bloomberg
• Espresso King Undercut as Brazil Currency Rout Spurs Bean Export: Bloomberg
• US bond sell-off puts squeeze on swaps trade; Market dislocations often convey unpleasant truths for investors and policymakers.: FT
• Bank chairmen lack necessary knowledge; Too little has changed on this front since the financial crisis: FT
• Bond predators humbled by distressed bets; The cleverest predators of the bond market have suffered a humbling this year, after a heap of high profile bets have gone awry.: FT
• Solid growth is harder than blowing bubbles; Now it is not just America – the world economy also catches a cold when China sneezes: FT
• As Mining Drops, Australian State Pivots; Victoria’s efforts to create high-tech jobs to replace old manufacturing ones is a test for the nation as momentum moves away from resources: WSJ
• Inexpensive Advice for Index and Exchange-Traded Fund Investments: NYT
• Fortress Liquidating Its Once Gargantuan Macro Hedge Fund After 17% Loss In 2015: zh
• Exploiting ETF Structural Flaws Is Not as Easy as It Looks: Bloomberg
• Home Flipping Frenzy in Sydney Sparks Warnings on Housing Risks: Bloomberg

Energy & Commodities

• Who Wants to Buy a Coal Mine? As producers scale back, strategic buyers are few and far between-and the coal-industry outlook appears bleak: WSJ
•  Lessons from shale industry will reshape global oil market; New production and financing structures to have lasting impact: FT
•  Humbled Metal Traders Lick Wounds Amid Slump, Ponder Next Moves: Bloomberg
• Doubling Your Money Gets Harder as European Refinery Boom Fades: Bloomberg

Healthcare

•  The First Cancer ETF Tracks the Hottest Area of Biotech: Bloomberg
• An awesome new technique is giving doctors an unprecedented look at cancer: BI
• With made-to-measure micropigs, gene editing takes flight: FT
• The Way We’re Testing Antibiotics Is All Wrong; There’s a big problem in the fight against deadly superbugs. Bloomberg

TMT

• On Apple’s Insurmountable Platform Advantage: Stratechery
• WeWork Used These Documents To Convince Investors It’s Worth Billions; What the $10 billion co-working company’s internal financial documents tell us about how a decacorn is built. Buzzfeed
• GoPro’s next act: building an online entertainment empire: Fortune
• EMC, a Big Company in a Small Town: NYT
• It’s now incredibly easy to explore Google Street View in virtual reality: BI
• IBM CEO: It is the ‘dawn of a new era’ where computers think and make decisions: BI
• Postmates CEO: ‘We’re the anti-Amazon’ and will be profitable next year: BI
• Amazon’s $50 Fire Is the Paperback of Digital Entertainment: WSJ
• Marketers May Be Falling Out of Love With Product Placement; Product placement on broadcast TV has been on the decline for several years. WSJ
• EMC, a Big Company in a Small Town: NYT
• ‘Why Own Anything Anymore?’ Zuora Founder Explains Rise Of Subscription Economy At Subscribed Ldn: Forbes
• This is Apple’s grand theory of the computer market: BI
• Internet of Things? Stock You’ve Never Heard of Just Rose 500%: Bloomberg
• VR and augmented reality will soon be worth $150 billion. Here are the major players; A new report suggests AR will be eventually worth four times as much as VR.: FastCo

Consumer & Others

• AB InBev’s $100-billion acquisition of SABMiller; Might the beverage giant go on to buy Coca-Cola? Economist
• Digital sales help Domino’s Pizza carve bigger slice of home delivery market; Britain’s biggest pizza delivery chain says sales made on smartphones and other digital devices have surged by 35%; Domino’s sales are rocketing because customers don’t like to speak to humans when ordering a pizza: Guardian, BI
• Whole Foods makes big bet on tech: Fortune
• Italy’s Billionaire Lingerie King Takes Aim at Victoria’s Secret: Bloomberg
• Brazil’s beer baron: The billionaire behind the AB InBev-SABMiller mega-deal: FP
• Need to Store That? Booming Self-Storage Industry Says No Problem; Extra Space Storage shares surge; investment firms look to cash in: WSJ
• AB InBev Wins Over SABMiller With Proposal of $104.2 Billion; Next up: antitrust review as the world’s two largest brewers set out to combine: WSJ
• When it comes to purpose, Walmart returns to its roots: Fortune
• Chipotle just took a major step toward becoming more like Starbucks: BI
• Under Armour is set to become a huge threat to Nike: BI
• An emerging trend in retail should scare everyone from Michael Kors to Macy’s: BI
• The new consumer decision journey; For years, empowered consumers have held the upper hand when it comes to making purchasing decisions. But companies are fighting back: McKinsey
• Drivers Ride High on Trucking Boom; Average pay is up 17% in less than two years as freight haulers fight to meet hiring needs: WSJ
• How Three Grads Turned Sweetgreen Into a $95 Million VC Darling; Co-founder and co-CEO Nicolas Jammet talks of the discipline, vision, technology-and good dressing-behind the salad chain’s cult explosion.: Bloomberg
• Pepsi, Coca-Cola competing for investment in Chobani: Reuters
• Forget InBev. Here Are the Markets Where Local Beers Rule: Bloomberg