The Best Leaders Are Constant Learners; Hard Work Makes Children, and Families, Stronger; Think Like an Author, Not an Owner; Trailblazing Astronomer Vera Rubin on Obsessiveness, Minimizing Obstacles, and How the Thrill of Accidental Discovery Redeems the Terror of Uncertainty – Bamboo Innovator Daily: 15-17 Oct (Thurs-Sat)

Life

• Hard Work Makes Children, and Families, Stronger: NYT
• The Best Leaders Are Constant Learners: HBR
• Think Like an Author, Not an Owner; Oswald’s story teaches us that what is most valuable in an economy is not what authors make, but their ability to make it. The executives at Universal tried to extort Disney and Iwerks by holding one of their creations hostage. But this was a naïve move. HBR
• Trailblazing Astronomer Vera Rubin on Obsessiveness, Minimizing Obstacles, and How the Thrill of Accidental Discovery Redeems the Terror of Uncertainty; Why all creative endeavor is a matter of “getting hung up on little interesting things.” BP
• Nietzsche on the Journey of Becoming and What It Means to Be a Free Spirit; “.become master over yourself, master of your own good qualities. acquire power over your aye and no and learn to hold and withhold them in accordance with your higher aims: BP
• The Top Ten Resilient Animals on Earth: KM
• What They Don’t Teach You in Business School: AWCS
• Head to head: Michelangelo and Raphael; Leibniz and Newton; Constable and Turner. Does every creative genius need a bitter rival?: Aeon
• The Innovative Mindset Your Company Can’t Afford to Lose: HBR
• How to Turn a Bad Day Around: HBR
• Be Your Own Best Advocate: HBR
• The Best Data Scientists Know How to Tell Stories: HBR
• A Simple Formula for Changing Our Behavior: HBR
• The fascinating science behind your tastes and preferences: qz
• Is necessity really the mother of invention? 14 speakers at TED@IBM challenge this adage: TED
• You’re a Great Man, Charles Schulz: The soulful wit of Schulz’s writing is framed by his spare art—blanks left for the eye and brain to fill. WSJ
• Success depends on succession: KH
• The billionaire founder of Sam Adams shares his top 4 productivity tips: BI
• A worthy journey to rethink how, what, where and when we learn: TODAY
• Education ‘needs rethink to focus on individual’; “Kids want to grow into vocations, professions and careers that can allow them to protect the ones they love, to walk through fire to save others, to cure the sick, to build cars, to fly to the moon, to understand Mother Nature … the higher education system must help people uncover and pursue their passions, and chase their respective rainbows.”: TODAY
• ‘This is what I was put on earth to do’: Elizabeth Holmes and the importance of passion: WaPo
• How Injustice Affects Decision-making: K@W
• The Social-Network Illusion That Tricks Your Mind; Network scientists have discovered how social networks can create the illusion that something is common when it is actually rare. TR
• VW’s Problem Is Bad Management, Not Rogue Engineers: HBR
• Professor Dr Robot QC: Once regarded as safe havens, the professions are now in the eye of the storm: Economist
• Reality cheque: Angus Deaton wins the Nobel prize for bringing economics back to the real world: Economist
• How The Apprentice Explains Donald Trump’s Campaign; His base is Apprentice viewers; and his Iowa coordinator is an Apprentice finalist who chooses delegates using Apprentice-style games.: Bloomberg
• The Funny Thing About Adversity; It makes you more compassionate. Except when others are suffering just as you did. : NYT
• Back to business: Michael Bloomberg; He ran New York for 12 years. Now the politician must fix the company he started 30 years ago: FT
• A college entrance consultant with 19 years of experience describes the best essay she has ever read: BI
• 9 tricks to motivate yourself to reach your goals: BI
• Richard Branson, Tony Robbins, and 5 other successful people share their best productivity tricks: BI
• Authors, Beware: Billionaire Subjects Don’t Make For Best-Selling Biographies: Forbes
• The 10 funniest Dilbert comic strips about idiot bosses: BI
• The riff: Mastered by ‘The Apprentice’; The TV show’s amorality has seeped into business culture: FT
• How to unlock your secret productivity powers: FastCo
• Help for Pantsers and Plotters: SP
• Frontline Leadership: A New Source of Competitive Advantage: BCG
• Demand-Centric Growth: How to Grow by Finding Out What Really Drives Consumer Choice: BCG
• The Self-Tuning Enterprise: Wouldn’t it be nice if an algorithm could tell you when to develop a new business model or whether to enter a new market? BCG
• Creating Exponential Growth at the Edge; An Interview with Entrepreneur and Author Salim Ismail: BCG
• The Tim Ferriss Way: Life Is a Choose-Your-Own-Adventure Game: Success
• You’re not as virtuous as you think: WaPo

Books

• Rocket: Eight Lessons to Secure Infinite Growth: Amazon

Investing Process

• The six invalid directors of Sunway (0058): Webb
• The Value of Protecting Minority Shareholders in the Market: K@W
• The Biggest Mistake Of My Investing Career: Premature Evacuation: TFR
• A Dozen Things I’ve Learned from Charlie Munger about Moats: 25iq
• Sequoia’s Michael Moritz Q&A: Venture Capital Is ‘High-Risk Poker’; Moritz says: “Have you met anyone who isn’t controversial who’s done really interesting things?”: Bloomberg
• Walmart and the Importance of Capacity to Reinvest; Despite of a wide moat, Walmart lacks the capacity to reinvest, which makes it harder to compound shareholders’ capital.: GF
• BlackRock taps into Google, Twitter for ‘nowcasting’: FT
•  Beyond Governance: A Canadian Perspective on Preempting Activism Through Value Creation: BCG
• How M&A practitioners enable their success; Companies that are best at transactions approach M&A differently—but there’s room for improvement across the board. McKinsey
• Air Products and Chemicals & the Industrial Gases Industry: BOBS
• Thoughts on Fastenal: BHI
• What is your CEO really telling you?: SF
• Why and how to invest in a Cayman Islands hedge fund; the facts behind the attack on Prime Minister Malcolm Turnbull over his family investments in the Cayman Islands. TheAge
• Exploiting ETF Structural Flaws Is Not as Easy as It Looks: Bloomberg
• The Surprising Truth About Quant-Based Smart Beta ETFs: ETFR
• The Stanford Endowment Experiment: What went wrong at the world’s most innovative university. CIO
• The (Real) Case Against Short-Selling – Why You Should Avoid Short-Selling Single Stocks: TLST
• Some hedge fund managers have been keeping their most profitable trades to themselves, rather than using them to benefit clients’ funds, regulators have revealed.: FT
• Stock pickers fail to shine in downturn; Are hedge fund ‘two and 20’ fees justified for failing to beat market?: FT
• Burnt fingers keep merger arbs at bay; Pfizer/Astra failure may be keeping Shell/BG ‘value gap’ open: FT
• Where are the pension fund heroes? Even with perfect hindsight hedge funds still disappoint: FT
• Buffett Beats Activists at Berkshire, Rather Than Joining Them: Bloomberg
• Defensive Stocks Not the Safe Bets You Think in Emerging Markets: Bloomberg

Greater China

• Hong Kong’s Chan Says Homebuyers Should Think Twice on Purchases: Bloomberg
• Chinese copper financing, the anthology: FT
• Miners wake up to mistaken belief: China’s huge demand for raw materials turned out to be limited: FT
• How the Pros Tell When China Has Too Many Homes: WSJ
• The Chinese Communist Party might be about to cut the country’s growth target: BI
• Teacher spurns $11m offer in Hong Kong tutor wars: FT
• Chinese Firms Seen Dodging Defaults in Coming Days in Turnaround: Bloomberg
• Hon Hai Loses Battle to Control Taiwan Chip Company; iPhone assembler had hoped to beat out the world’s leading chip packager for a greater share of Apple’s business: WSJ
• Mapping China: Which provinces are most dominated by state-owned firms?: AB
• A very Chinese coup: Li Keqiang is the weakest Chinese prime minister in decades: Economist
• Xi Jinping Compared to Deng Xiaoping: Two Consequential Leaders of China: TAF
• Dreaming Big, Acting Big: Xi’s Impact on China’s Military Development: TAF
• Chinese Scholar on “Pitfalls in the Next Stage of China’s Rise: GDW
• Murky Data Add to China’s Housing Headache; Glut in China’s property market is worse than official data show, creating a drag on economic growth: WSJ
• Australia Looks to Scale Up Salmon Exports to China: WSJ
• China’s State Sector: Bigger Than Ever: Bloomberg
• Private Investors Play Waiting Game with China’s Telecoms Giants; The government wants Big Three to attract private backers, but investors are waiting to see just how many opportunities will arise: Caixin
• In China’s State News Media, What Is Said May Not Be What’s Printed: NYT
• ChinaFile Presents: Can the China Model Succeed?: AS
• Swatch Launches Payment Watch in China to Keep Sales Ticking: WSJ
• CLSA Just Stumbled On The Neutron Bomb In China’s Banking System: zh
• Is Xi’s Economy More Distorted Than Mao’s? Goldman’s Ha Says Yes: Bloomberg

India

• A New App Wants to Make Hotels a Hit in India; Oyo attracts foreign investment and fresh competition. Bloomberg
• Interview with Chairman, Aditya Birla Group: India Inc is not investing due to high debt: Kumar Mangalam Birla: BS
• How the growing band of angels are driving up India’s start-up ecosystem: DSA
• An Indian Yoga Guru’s Consumer Products Brand, Patanjali, Is Making Global And Domestic Rivals Sweat: Forbes
• Aditya Birla Group starts online fashion marketplace sans deep discounts: Forbes
• 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
• Indian Bonds Attract Investors Despite Emerging-Market Jitters; Benchmark 10-year government bond yields about 7.5%, besting China and Malaysia: WSJ
• India risks missing boat as biosimilars shake up drug industry: Reuters
•  India’s Manufacturing Sector Courts the World, but Pitfalls Remain: NYT
• Modi’s $1 Trillion Hunt Earns Only Enough to Buy India Ice Cream: Bloomberg
• Why majority of Indian startups are in a rush to relocate to Singapore: DSA

Japan & Korea

• Why ‘Abenomics’ Keeps Missing the Mark: K@W
• Korea’s facial recognition ATM experiment could be axed: Pulse
• Park Chung Hee’s sacrifices made in bid to better the nation: JA
• Jewels in the crown of Korea’s business history; Local companies that epitomize drive to push beyond crises and achieve global success: JA
• South Korea: A Standout Performer in Emerging Markets: WT
• Finding Beauty in Snail Mucus, Camel Milk, and Starfish Extract; Overseas sales jump for Korean cosmetics featuring unusual ingredients. Bloomberg
• Nintendo Gains on Investment Pokemon Go Game Developer Niantic: Bloomberg
• Japan Getting Crash Course in Leveraged Returns With Nikkei ETF: Bloomberg
• Chaebol Spur $86 Billion M&A Bonanza for Goldman, Morgan Stanley: Bloomberg

ASEAN

• Indonesia’s economy: The unstimulating stimulus: Economist
• S&P warns of defaults by Indonesian firms after mobile phone retailer PT Trikomsel Oke Tbk seeks debt restructuring: Reuters
• Johor has every right to secede from M’sia: Crown Prince: TODAY
• BNP Paribas Holds Nerve in Shorting Malaysia as Ringgit Surges: Bloomberg
• Malaysia’s Najib Razak Played Key Role at Troubled 1MDB Investment Fund; Prime minister ordered removal of auditors, authorized controversial investment, Malaysian investigation shows: WSJ
• A Case of Brazil Blight? Scandal-Hit Malaysia Risks Lost Decade: Bloomberg
• Around 70 companies and consortiums have already registered their interest in participating in the joint market sensing exercise on the Kuala Lumpur-Singapore High Speed Rail : TODAY
• Vietnam state to exit Vinamilk, to divest stake in 9 other businesses: Report: DSA

Macro

• A single manufacturing base and market in the Pacific Rim: TODAY
• Brazil and Indonesia: A Study in Contrasts of Emerging Markets: II
• Swedroe: Hedge Funds Dropping Like Flies: ETF
• This new ETF will track Twitter sentiment about stocks: MW
• Wall Street’s Just One Big Bloomberg Chat: 538
• Asia’s indebted firms face gloomy prospects: SCMP
• Just 1pc of fund managers have beaten the stock market since Black Monday: Telegraph
• My diamond shoes are too tight, the QE story: FT
• So You Want To Be a Crowdfunder: Brace for High Fees and Tough Exits: WSJ
• ETFs’ Rapid Growth Sparks Concern at SEC; Commissioner says rise in number of exchange-traded products ‘poses a challenge’: WSJ
• Brazil Bet Burned Fortress Investment Group; Hedge fund run by Michael Novogratz lost $100 million from investments in South American country: WSJ
• Asian reserve drawdowns, then vs now: FT
• BlackRock warns of market volatility until Fed clarifies policy; Fink says new paradigm will produce ‘big winners and big losers’: FT
• Discerning investors rattle IPO deals; A string of pulled deals and investors demanding better terms has cast a shadow over the market for equity listings.: FT
• Overcoming Asia’s Obstacles to Growth: BCG
• Australia Builds Bank Fortresses Before Housing Market Crumbles; Regulators don’t wait for end of property-lending boom : WSJ
• UBS Wonders If High Yield Bond Offerings Have Reached “Capacity”: VW
• The Global Markets Doom and Gloom Report; Larry Summers fears for the world economy while Doug Kass thinks stocks are overvalued. Barron’s
• Corporate America’s Epic Debt Binge Leaves $119 Billion Hangover: Bloomberg
• U.S. IPO Investors Fatigued by Volatility Presume `Buyer Beware’: Bloomberg
• Richest 1 per cent own half the world’s wealth: report: SMH
• Struggling to Cash Out in the I.P.O. Market: NYT
• Only India and China Can End Asia’s Haze: Bloomberg
• Fastenal CEO: “The Industrial Environment Is In A Recession – I Don’t Care What Anybody Says, because nobody knows that market better than we do. You know, we touch 250,000 active customers a month.” zh
• World’s Biggest Leveraged ETF Halts Orders on Liquidity Concern: Bloomberg
• World’s Largest Leveraged ETF Halts Orders, Citing “Liquidity Constraints”: zh
• Don’t Hold Your Breath for Cheap Steaks: Here’s the TPP Timeline: Bloomberg
• Bondholders Adapt to New World One Year After Liquidity Meltdown: Bloomberg
• Home Flipping Frenzy in Sydney Sparks Warnings on Housing Risks: Bloomberg
• Analyst: There’s a Growing Divide at the Fed, and It’s Time to Brace for Higher Volatility: Bloomberg
• Bondholders Adapt to New World One Year After Liquidity Meltdown: Bloomberg
• A single manufacturing base and market in the Pacific Rim: TODAY

Energy & Commodities

• Wealth Funds From Oslo to Riyadh Raid Coffers to Offset Oil : Bloomberg
• Copernican shale revolution; A new oil economy requires a new economics of oil: FT
• How Banks Funded the U.S. Oil Boom and (So Far) Escaped the Bust; Bloomberg
• The Biggest Threat To Glencore’s Survival: The Unwind Of China’s Copper “Carry Trade”: zh
• Norway Turns on Production Tap as Crude Collapse Erodes Revenue: Bloomberg
• U.S. Shale Surge Saves Dying Chemicals Plant 3,300 Miles Away: Bloomberg
• Oil Slump, Space Glut Leave Canada Offices Emptiest in Decade: Bloomberg

Auto

• An Engineering Theory of the Volkswagen Scandal: NewYorker
• How Tesla is ushering in the age of the learning car: Fortune
• Volkswagen scandal may cost up to $87 billion; Volkswagen’s emissions scandal could be far more painful for investors than BP’s disastrous 2010 oil spill in the Gulf of Mexico.: CNN
• Johnson Controls Sees China Fuel Rules Boosting Battery Demand: Bloomberg

Healthcare

• Theranos is only using its revolutionary blood-testing technology on one of its 200+ tests: BI
• CRISPR/Cas9 gene editing: No pig in a poke; Genome engineering may help make porcine organs suitable for use in people: Economist
• RNA drugs: The slopes of enlightenment; A once-hyped technology is starting to prove its worth: Economist
• How a tiny genetics startup that was practically crushed by the FDA transformed itself into a $1.1-billion powerhouse: BI
• Are the Wall Street Journal’s allegations about Theranos true?: Fortune
• Making Billions From the Booming Breast-Pump Market; Obamacare helps, and hinders, a Swiss breast-pump manufacturer. Bloomberg
• Theranos Has Struggled With Blood Tests; Silicon Valley lab, led by Elizabeth Holmes, is valued at $9 billion but isn’t using its technology for all the tests it offers: WSJ

TMT

• Venture capital and the internet’s impact : Stratechery
• Can Cloning Businesses Work? Ask Rocket Internet: K@W
• Why Ad Blockers Are Spurring a New Technology Arms Race: K@W
• Grow fast or die slow: The double-edged sword of M&A; Our latest research on growth in software and online-services companies has some surprising findings about the benefits and risks of buying growth. McKinsey
• Lessons from the TMT bust for today’s high-yield investors?: FT
• An algorithm might save your life: How the Amazon and Netflix method might someday cure cancer; Algorithms recommend movies, books, dates — even job candidates. In the future, they might cure disease: Salon
• On Apple’s Insurmountable Platform Advantage: SC
• Could Britain’s next runaway tech success be one of these start-ups?: Telegraph
• Flying boats: Enter, the dragon; An old technology may be about to get a new lease of life: Economist
• How to make D.C. the next Silicon Valley: WaPo
• Why Dell Is Using Tracking Stock for Its EMC Bid: Bloomberg
• The subprime ‘unicorns’ that do not look a billion dollars: It is easier to present an aura of invincibility as a private company, writes Michael Moritz: FT
• Michael Dell: Nerd who remade the gadget business; He disdains the markets, but the computer maker has brought his empire back to Wall Street: FT
• The Deals That Made Daily Fantasy Take Off; Federal probes of FanDuel and DraftKings pose this question: How did they get so big?: WSJ
• Airbnb Says It Doesn’t Want to ‘Bulldoze Our Way To Success’ Like Uber: WSJ
• How YouTube Stars Mint Their Millions: Forbes
• The Swedish Meal Kit Startup That Inspired Blue Apron, Plated And HelloFresh Speaks Out: Forbes
• The smart home’s problem is its best product is terrible and made by a bankrupt company: Fortune
• Here’s why the tech Unicorns dreams won’t come true: Fortune
• AT&T acquired DirecTV for $49bn in 2014, but as subscribers turn off, is it buying into a dying industry?: FT
• Silicon Valley IPO market boom winding down: Reuters
• How to Be Hyperconnected: Some Corporate Pioneers: BCG
• Why Your Gadgets Can Now ‘See’ in 3-D; Faster, cheaper processors allow small, inexpensive devices to ‘see’ in three dimensions: WSJ
• Chip giant Intel trimmed the outlook for its data-center business, which is more important than what is happening with personal computers: WSJ
• Tech-startup incubator Y Combinator has raised a $700m VC fund aimed at expanding ownership stakes in its most successful companies; “It may change founders’ willingness to tell us really bad things because they’re treating us as a potential investor,” : WSJ
• Apple is learning an expensive lesson about universities: WaPo
• Cash Drops and Keystrokes: The Dark Reality of Sports Betting and Daily Fantasy Games; NYT
• Why Your Gadgets Can Now ‘See’ in 3-D; Faster, cheaper processors allow small, inexpensive devices to ‘see’ in three dimensions: WSJ
• Innovation Propels New Business Model; Gadget makers, factory owners move away from past dependence on cheap labor: WSJ

Consumer & Others

• The Little Gear That Could Reshape the Jet Engine; A simple idea’s almost 30-year, $10 billion journey to the aircraft mainstream. Bloomberg
• Rice off the menu: Asia’s hunger for bread and pastries boosts wheat demand: Reuters
• How Nike stole Abercrombie & Fitch’s teen customers: BI
• Clothing brands that will dominate the industry: BI
• McDonald’s and franchisees don’t see eye-to-eye on all-day breakfast; Serving breakfast all day is a lot more complicated than it looks. Fortune
• Walmart CEO’s plan to fight Amazon: “Win with stores”: Fortune
• Walmart’s woes stem from need to invest: FT
• FrieslandCampina has relied on speed, innovation, and execution to become one of the world’s largest dairy companies: BCG
• Growth Dreams at Philip Morris Lie in Ashes; Philip Morris International was supposed to be the higher-growth company when it split from Altria in 2008. But it is struggling and not just because of a strong dollar. WSJ
• We Found the World’s Cheapest Ikea Billy Bookcase: Bloomberg
• Lululemon’s Founding Family Gets Revenge With Cashmere; They built a spandex empire. Now they have a new plan to dress the young, fit, and rich.: Bloomberg
• Wal-Mart Takes Page From Jeff Bezos Playbook: Investors Can Wait: Bloomberg
• Boeing Plunges as Delta Sees `Bubble’ of Used Wide-Body Jets: Bloomberg
•  World’s King of Beer Flies Coach, Wears Jeans and Loves Pressure: Bloomberg