Bamboo Innovator Daily Insight: 30 Mar (Mon) – “Light that has guided us has been extinguished”, says PM Lee in eulogy of Lee Kuan Yew; “Mr. Lee taught people how to fish and brought fish to Singapore waters”; “What people think of it, I have to leave to them. It is of no great consequence. What is of consequence is, I did my best.”

Remembering Lee Kuan Yew

  • Lee Kuan Yew: I did my best: AsiaOne
  • “Light that has guided us has been extinguished”, “He wrote us long and thoughtful letters sharing advice on how to make our marriages successful,” says PM Lee in eulogy: AsiaOne
  • “Mr. Lee taught people how to fish and brought fish to Singapore waters.” Singapore Turns Out for Lee Kuan Yew’s Funeral; Thousands line streets in tropical rain to say farewell to Singapore’s founding prime minister: WSJ
  • Malaysians yearn for a Malay version of Mr Lee: AsiaOne
  • The great American disconnect: In Silicon Valley, ‘fail harder’ is a motto. In Washington a single miscue can ruin your career: FT

Life

  • Mental Models: The Mind’s Search Algorithm: Farnam
  • The Books That Influenced Thomas Schelling: Farnam
  • David Graeber: ‘So many people spend their working lives doing jobs they think are unnecessary’; The anarchist author, coiner of the phrase ‘We are the 99%’, talks to Stuart Jeffries about ‘bullshit jobs’, our rule-bound lives and the importance of play: Guardian
  • Tycoon Li Ka-shing Looks to Israel for Innovation: WSJ
  • To topple a dynasty: Kung Fu rebels and the cycle of history: Fightland
  • A Special Forces Officer Teaches You 5 Secrets To Overcoming Adversity: EB
  • Are you a leader, or just the boss?: FP

Books

  • The Harvard Guide to Influential Books: 113 Distinguished Harvard Professors Discuss the Books That Have Helped to Shape Their Thinking: Amazon
  • Simple Rules: How to Thrive in a Complex World: Amazon, RTM

Investing Process

  • Open Letter to SGX/MAS: Reply to CFO of SGX-Listed China Environment (CENV SP) on report “Potential Accounting Tunneling Fraud at China Environment?” – Address the accounting and governance concerns in an SGX/MAS announcement: AsianExtractor
  • Investing in High Dividend Yield Stocks: a Sucker Bet?: AA

Greater China

  • Open Letter to SGX/MAS: Reply to CFO of SGX-Listed China Environment (CENV SP) on report “Potential Accounting Tunneling Fraud at China Environment?” – Address the accounting and governance concerns in an SGX/MAS announcement: AsianExtractor
  • This Magic Number Can Make or Break You in China’s Stock Market: Bloomberg
  • Geely chairman Li Shufu attacks Beijing strategy on car industry; the shared equity structure with foreign brands had turned domestic manufacturers into spoilt children. FT
  • Once Bitten, Not Shy. Retail Investors Fuel Surge in Chinese Stocks; Bounce back in Chinese stocks comes just a few years after 72% crash: WSJ
  • Ageing population in China creates business opportunities: FT
  • IDST: Alibaba’s most secretive department: WCT
  • China’s stressed-out ‘millenials’ embrace Buddhism: CNN
  • China’s Credit Overdose: PS

India

  • Despite asset sales, debt-hit Indian firms in a bind; Market values of many remain lower than debt, making it difficult for firms to raise fresh equity: BS
  • India to become 3rd largest auto manufacturer by 2020: Ford; “Bring people together, and work together, for something bigger than yourself.”: MC
  • Why E-Commerce Can Be a Big Pain for India’s Deliverymen; Motorcycles go where trucks can’t, but drivers have to shoulder heavy backpacks filled with appliances, sometimes even dumbbells: WSJ

Japan & Korea

  • Prosecutors raided the head offices of Dongkuk Steel, Korea’s third-largest steel company, and the residence of its Chairman Chang Sae-joo as part of a probe into allegations of embezzlement and tax evasion within the firm: KT
  • Prosecutors are investigating allegations of fraudulent accounting at Keangnam Enterprises, a construction company at the center of a probe into the Lee Myung-bak administration’s failed “energy diplomacy.”: KT
  • Hyundai Elevator Share Plan Frustrates Foreign Investors; Schindler Holding fails to stop Hyundai Elevator from revising rules on new shares: WSJ

ASEAN

  • Open Letter to SGX/MAS: Reply to CFO of SGX-Listed China Environment (CENV SP) on report “Potential Accounting Tunneling Fraud at China Environment?” – Address the accounting and governance concerns in an SGX/MAS announcement: AsianExtractor
  • Growing pains at China’s baddest banks: SCMP
  • Why the capital market in Indonesia is underdeveloped: JP
  • Bauxite and the limits of resource nationalism: Reuters
  • The myth of Thailand’s demographic doom: TODAY

Macro

  • At U.S. Companies, Time to Coax the Directors Into Talking; Board members of European companies routinely make themselves available to investors, but their peers in the United States seem to fear such contact. NYT
  • The Glory Days of Private Equity Are Over; Too many funds are chasing too few opportunities, and many of those will be too expensive. It won’t end well. WSJ
  • Hedge fund manager who said ‘sorry’ for losing 99.7% of his clients’ money is now being investigated by the SEC and DOJ: BI
  • “The Risks Are Very High” Swiss Billionaire Felix Zulauf Warns “Global Financial Markets Have Never Been This Distorted Before”: AM
  • How DIY Bond Traders Displaced Wall Street’s Hot Shot Bond Dealers: Bloomberg
  • Anxious? Dreaming of a better life? You must be on Aim: FT

Energy & Commodities

  • Soybeans and Corn Locked in Food Fight; Dive in Prices Leads Farmers to Shift Away From Corn: WSJ
  • Once-bullish fund managers start to capitulate on oil prices: Reuters

Healthcare

  • Battling nightmare infections: US CDC’s plan to beat supberbugs: Reuters

TMT

  • Google’s Tricky TV Audition: Google Fiber may help it break into the lucrative world of TV advertising, but significant hurdles remain: WSJ
  • For Hardware Makers, Sharing Their Secrets Is Now Part of the Business Plan: NYT
  • Secrecy on the Set: Hollywood Embraces Digital Security: NYT
  • News Companies See Movies as Opportunity for Growth: NYT
  • It’s Really Here: TV for Babies; Infants watch TV, despite pediatric advisory, so BabyFirst steps in: WSJ
  • Google Moves to the Operating Room in Robotics Deal With J&J: WSJ
  • What a $20 billion startup looks like when it’s just starting out, and everyone thinks the idea is stupid: Here’s Airbnb’s first-ever pitch deck: BI
  • Amazon looked completely different 10 years ago – here’s what changed over the years: BI
  • This company was 13 years early to virtual reality — and it’s getting ready to try again: BI
  • How Jump On Flyaways aims to be the Uber of the skies: FP

Consumer & Others

  • How Honey Butter Chips sold themselves; News of their novelty spread virally and Haitai cashed in: JA

Bamboo Innovator Daily Insight: 29 Mar (Sun) – How Mr Lee Kuan Yew’s State Funeral is being marked around the world; Mr Lee Kuan Yew’s state funeral will be a moment for all to share together

Remembering Lee Kuan Yew

  • How Mr Lee Kuan Yew’s State Funeral is being marked around the world; Mr Lee Kuan Yew’s state funeral will be a moment for all to share together: PM Lee: CNA, TODAY

Life

  • 13 fascinating things you never knew about Steve Jobs from a new book about his life: BI
  • A Seizure of Happiness: Mary Oliver on Finding Magic in Life’s Unremarkable Moments: BP
  • Sense of Nonsense: Alan Watts on How We Find Meaning by Surrendering to Meaninglessness: BP
  • Remarkable Commencement Addresses by Nora Ephron, David Foster Wallace, Ira Glass, and More: BP
  • Complex Systems and the ‘Rashomon Effect’: WSJ
  • Learning to See Data: NYT
  • Ethical indiscretions and missteps: The slippery slope is all downhill: Forbes
  • Elon Musk explains why living off a dollar a day as a teenager convinced him he could do anything he wanted with his life: BI
  • The Brain’s Empathy Gap: Can mapping neural pathways help us make friends with our enemies?: NYT

Books

  • Way More than Luck: Commencement Speeches on Living with Bravery, Empathy, and Other Existential Skills: Amazon

Investing Process

  • Open Letter to SGX/MAS: Reply to CFO of SGX-Listed China Environment (CENV SP) on report “Potential Accounting Tunneling Fraud at China Environment?” – Address the accounting and governance concerns in an SGX/MAS announcement: AsianExtractor

Greater China

  • Open Letter to SGX/MAS: Reply to CFO of SGX-Listed China Environment (CENV SP) on report “Potential Accounting Tunneling Fraud at China Environment?” – Address the accounting and governance concerns in an SGX/MAS announcement: AsianExtractor
  • China’s Big Banks Double Their Write-offs: WSJ
  • Internet Plus: Can Mobile Commerce Fuel China’s Economy? Forbes

India

  • India central bank moves to restrict bank exposure to corporate loans: Reuters

Japan & Korea

  • Toyota Veteran Rises to Corporate Office From Factory Floor: Mitsuru Kawai to impart decadeslong experience in traditional manufacturing to younger generation: WSJ

ASEAN

  • Open Letter to SGX/MAS: Reply to CFO of SGX-Listed China Environment (CENV SP) on report “Potential Accounting Tunneling Fraud at China Environment?” – Address the accounting and governance concerns in an SGX/MAS announcement: AsianExtractor
  • When Jokowi is much more trusted than Megawati in leading PDI-P ; Megawati apparently cannot accept that she does not control Jokowi and such stubbornness has become a great burden on his administration: JP
  • Jokowi’s maritime highway vision takes shape: JP
  • Malaysia’s Workforce Losing Ground As Regional Rivals Catch Up: Forbes

TMT

  • How Super Angel Chris Sacca Made Billions, Burned Bridges And Crafted The Best Seed Portfolio Ever: Forbes
  • This man built an $18 billion Silicon Valley company — after the US government almost didn’t let him in: BI
  • Dentists will soon be able to 3D print you a new tooth in minutes: Quartz

Healthcare

  • Which mutations are evil, and which are innocent?: NYT
  • This company just revolutionized our understanding of disease: BI

Consumer & Others

  • Sleepy food giants must wake up or be gobbled up; Many of America’s largest food companies have been caught napping and lost touch with tastes as we’ve all become more choosy: Telegraph
  • Phil Romano’s recipe for success: How the karate-practicing son of an electrician came to create restaurant concepts that today generate $1.5 billion in annual revenues.: Fortune
  • Smucker’s Lucrative Pet-Foods Deal; Smucker, renowned for fruit spreads, is barking up the right tree with Big Heart, a growing seller of pet foods.: Barron’s

Bamboo Innovator Daily Insight: 28 Mar (Sat) – ‘Mr Lee Kuan Yew thought about others, even when he was sick'; Lee Kuan Yew, the Man Who Remade Asia; He preached ‘Asian values’ and turned a tiny, poor city-state into an astonishing economic success.

Remembering Lee Kuan Yew

  • ‘Mr Lee thought about others, even when he was sick': AsiaOne
  • Lee Kuan Yew, the Man Who Remade Asia; He preached ‘Asian values’ and turned a tiny, poor city-state into an astonishing economic success. Is Lee’s ‘Singapore model’ the future of Asia?: WSJ
  • The wise man of the East: Authoritarians draw the wrong lessons from Lee Kuan Yew’s success in Singapore: Economist
  • Mr Lee Kuan Yew ‘embodied frugality in personal life, government’: TODAY
  • Singapore: Life after Lee; The death of its founding father has triggered questions over the future of the tightly controlled city-state: FT
  • An exacting boss who drove his people to do their very best: ST
  • Lee Kuan Yew’s Son Faces a Changing Singapore; Prime Minister Lee Hsien Loong grapples with eroding support for the party founded by his father: WSJ
  • Lee’s ‘rule by virtue’ : JP
  • A Tale Of Two Economies: Singapore And Cuba: VW

Life

  • Spanx founder Sara Blakely reveals her secret for coming up with million dollar ideas: BI
  • Top entrepreneurs go back to school with Alibaba mega success Jack Ma: AsiaOne
  • The Surface of the Earth Is Rising Beneath Your Feet: Bloomberg
  • Top 10 Australian family businesses: CampdenFb
  • 10 Things to Remember When You’re Struggling and Feel Stuck: TinyBuddha
  • The Key to Loving Yourself, Other People, and Life: TinyBuddha
  • The world is going to university: More and more money is being spent on higher education. Too little is known about whether it is worth it: Economist
  • This is the biggest factor keeping planes from fully flying themselves: BI
  • The Hermès chief executive talks about harvesting handbags, his Protestant work ethic and the culture of craftsmanship: FT
  • How solution economy can solve bigger economic problems: Forbes
  • Eight ways to find the true passion in life that has eluded you: Telegraph
  •  The Most Productive Way to Develop as a Leader: HBR
  • Building a Collaborative Enterprise: HBR

Investing Process

  • Open Letter to SGX/MAS: Reply to CFO of SGX-Listed China Environment (CENV SP) on report “Potential Accounting Tunneling Fraud at China Environment?” – Address the accounting and governance concerns in an SGX/MAS announcement: AsianExtractor
  • The financials of tycoon Li Hejun’s Hanergy remains a mystery: SCMP
  • Judging the process – prosecuting insider trading: TheStar
  • Are Index-Fund Investors Smarter?: WSJ
  • Ben Graham And Woe Betide The Value Investor: RA
  • How Activist Investors Pick Their Targets: VW
  • Things You Didn’t Know About Buffett’s Strategy: VW
  • How to Combine Value and Momentum Investing Strategies: AA
  • The Perfect Storm for Risk-Conscious Active Managers: A conversation between Steve Lipper and Francis Gannon: Royce

Greater China

  • Open Letter to SGX/MAS: Reply to CFO of SGX-Listed China Environment (CENV SP) on report “Potential Accounting Tunneling Fraud at China Environment?” – Address the accounting and governance concerns in an SGX/MAS announcement: AsianExtractor
  • The financials of tycoon Li Hejun’s Hanergy remains a mystery: SCMP
  • Banks Slash Dividends as Loans Sour From Beijing To Pearl River: Bloomberg
  • Chinese regulator to devolve some IPO approval powers: Securities Times: Reuters
  • Hong Kong Tycoon Li Ka-shing Ventures Deeper Into Tech: WSJ

Japan & Korea

  • Daughter bests father in feud at Japan shareholder’s meeting: Reuters
  • Oasis Investments Up 2.7% In 2015; Bullish On Japanese ‘ROE Revolution': VW
  • Saving becomes luxury for Koreans: KT
  • Akihabara outfit aims to become a hub for hardware startups: JT

ASEAN

  • Open Letter to SGX/MAS: Reply to CFO of SGX-Listed China Environment (CENV SP) on report “Potential Accounting Tunneling Fraud at China Environment?” – Address the accounting and governance concerns in an SGX/MAS announcement: AsianExtractor
  • You Won’t Be Able to Buy Beer at Your Neighborhood Store in Indonesia Soon: Bloomberg
  • Innovate or die: Thailand’s top industrial firms ramp up R&D budgets: Reuters

Macro

  • The New Era of Low Stock Returns: WSJ
  • Munger Says Prepare for Harder World as Buying Power Slides: Bloomberg
  • Creative Destruction, Eh! Why There’s No Reason To Fear The Demise Of Canadian Companies: VW
  • Negative yields – a fascinating situation: TheStar
  • Brazil uncovers multibillion-dollar tax fraud at Finance Ministry: Reuters
  • The Investing Lesson of 1937: Hold Some Cash; Sure, yields are puny. But when stocks next tumble, the value of cash will be clear. WSJ
  • Leading offshore financial centres have been told to rethink their opposition to David Cameron’s demand that they create a central register revealing companies’ ultimate owners. FT
  • Emerging markets and how cheapness carries extra risk: FT
  • How to Make Investing Safer: NYT
  • How Chicago has used Financial Engineering to Paper over its Massive Budget Gap: A philosophical meditation on the politics of debt and disclosure: Medium
  • The Shift From a Beer-Based Economy to a Currency-Based Economy Is Tricky: Bloomberg

Healthcare

  • Biotech Stocks.and Benjamin Graham: WSJ

Energy & Commodities

  • Confusion After Every Analyst Missed Oil’s Collapse: Bloomberg

TMT

  • Selling Songs for a Song? Scrutinizing the Streaming Model; For less than a penny per song play, Spotify and its ilk monetize music and beat back piracy: WSJ
  • Ford, Mercedes-Benz Set Up Shop in Silicon Valley; New nexus of car industry emerges as Apple, Uber and Google push automotive ambitions: WSJ
  • How Wall Street Middlemen Help Silicon Valley Employees Cash In Early; Financial firms create ad hoc market where hot stocks of closely held technology companies trade largely out of sight of regulators: WSJ
  • THE STORY OF ANDROID: How a flailing startup became the world’s biggest computing platform: BI
  • Dr Google assists in robotic surgery: FT
  • The resurgence of audio drama: From comedy podcasts to new fiction and adaptations, the medium of radio is enjoying a renaissance: FT
  • Tumult at the Daily Telegraph: From colonels to clickbait – Henry Mance on the identity crisis of an establishment newspaper: FT

Consumer & Others

  • Why investors like AOL co-founder Steve Case are betting big on food; “There are opportunities to improve the way things are done at every level: How food is produced, exported, processed, consumed,” : WaPo
  • With Car Dealerships’ Ranks Thinned, the Survivors Thrive: NYT
  • Heinz-Kraft deal: The stories behind the brands: JP
  • HeinzKraft and the lack of leaks: FT

Bamboo Innovator Daily Insight: 27 Mar (Fri) – Commander of his stage: Lee Kuan Yew

Notice: The website AsianExtractor: Unearthing Accounting Fraud in Asia (www.AsianExtractor.com) is back online after seven days of technical problems.

Remembering Lee Kuan Yew

  • Singapore to Carry Forward Lee Kuan Yew’s Business-Friendly Legacy; Businesses say Lee Kuan Yew’s policies and philosophy will outlast the elder statesman: WSJ
  • Kuan Yew and I: Dr Mahathir Mohamad: AsiaOne
  • Lee Kuan Yew as the ultimate entrepreneur in 10 quotes: e27
  • Commander of his stage: Lee Kuan Yew: Economist
  • Lee Kuan Yew’s Bad Prescription for India: Bloomberg
  • A leader unfazed by politically sensitive questions: BT

Life

  • Stanford’s most popular class isn’t computer science-it’s something much more important; It’s called “designing your life” – by reintroducing methods of “forming you into the person that will go out into the world, effect change, and be a leader.” FastCo
  • Apple’s Tim Cook will give away all his money; “You want to be the pebble in the pond that creates the ripples for change”: Reuters
  • Apple’s Tim Cook leads different: Fortune
  • Here’s why successful people build careers like Leonardo da Vinci: BI
  • Hey, Leaders: Stop Thinking So Much and Just Do It: Strategy&
  • Who are the world’s best leaders? Why Obama isn’t on Fortune’s World’s Greatest Leaders list: Fortune, Fortune2
  • How this ‘night owl’ CEO created a morning routine that makes her a better leader during the day: BI
  • Munger: “What do you think a derivatives trading desk is? It’s a casino in drag. They make the witch doctors look good.”: Bloomberg
  • What Jeff Bezos did when this new Amazon employee made a huge mistake: BI
  • 5 surprising insights about Steve Jobs’s management style; “He didn’t care what the public thought of him. At times, he was surprised to have hurt someone’s feelings.”: Fastco
  • How sleep became a social justice issue: Fastco
  • ‘It’s OK If They Copy Us': Google’s HR Chief On The Upside Of Giving Away Staffing Secrets: Forbes
  • The story of Polaroid: Behind the instant-photography pioneer there stood a great man: Economist
  • Towers of Babel: Is there such a thing as a skyscraper curse?: Economist
  • Milk and economic development: No use crying; The ability to digest milk may explain how Europe got rich: Economist
  • Meet the Father of Zero-Based Budgeting: Pete Pyhrr’s strategy reached the White House in 1970s, then almost disappeared; now Heinz, Kraft are adopting it: WSJ
  • 22 successful entrepreneurs share their best productivity hacks: BI
  • Rival Rothschild branches face court battle over family name: FT
  • Why Group Brainstorming Is a Waste of Time: HBR
  • The Five Key Reasons Why You Procrastinate: Forbes

Investing Process

  • Open Letter to SGX/MAS: Reply to CFO of SGX-Listed China Environment (CENV SP) on report “Potential Accounting Tunneling Fraud at China Environment?” – Address the accounting and governance concerns in an SGX/MAS announcement: AsianExtractor

Greater China

  • Open Letter to SGX/MAS: Reply to CFO of SGX-Listed China Environment (CENV SP) on report “Potential Accounting Tunneling Fraud at China Environment?” – Address the accounting and governance concerns in an SGX/MAS announcement: AsianExtractor
  • Making Corruption Unsustainable in China: WSJ
  • Bank account difficulties turning business away from Hong Kong: SCMP
  • The devil, or Mr Wang: China’s second most powerful leader is admired and feared: Economist
  • China ramps up global manhunt for corrupt officials with operation ‘Skynet'; No escape’ for China’s corrupt cadres, as the country’s authorities widen scope of global manhunt to target accomplices and financing: SCMP
  • Car dealership behind downfall of FAW executives: WCT
  • Hotels in China get backing to refuse to falsify gov’t officials’ receipts: WCT
  •  Shrewd Smiles as Online Bankers Test New Tech; Alibaba is betting on biometrics as the next step for secure online financial transactions and bank account business: Caixin
  • China Bulls Adopt Price-to-Whatever Ratio as Equities Surge; Of Chinese exceptionalism and price-to-whatever ratios: Bloomberg. FT

India

  • Modi government puts brakes on India’s universal health plan, delaying a promise made in his election manifesto. Reuters

Japan & Korea

  • Japanese Robot Maker Fanuc Reveals Some of Its Secrets; Company helps make iPhones and Teslas; greetings in a canary yellow blazer: WSJ
  • Corporate governance in Japan: Fanuc stoops to conquer; A reticent robot-maker resolves to speak to its shareholders: Economist
  • Infovine chief accused of harming shareholders’ values by issuing “needless” bond warrants; “With that issuance, Kwon arranged to receive 70% of the newly issued warrants at a deeply undervalued price, resulting in dilution for shareholders”: KT
  • Panasonic Moving Toward Ambitious Targets, CEO Says; Steady progress being made as company diversifies: WSJ
  • Japan’s drift back toward deflation, two years after launching a radical monetary policy experiment to cure the affliction, underscores the continuing difficulties in pulling the world’s third-largest economy out of its long slump: WSJ
  • Panasonic to open patents to speed development of ‘Internet of Things'; Japan’s Panasonic gears up to spend 1tr yen on acquisitions: JT, SCMP
  • Hanssem founder donates W440 bil. to nurture future leaders: KT
  • Japan Shows Rising Frustration With Companies Sitting on Cash: Bloomberg

ASEAN

  • Open Letter to SGX/MAS: Reply to CFO of SGX-Listed China Environment (CENV SP) on report “Potential Accounting Tunneling Fraud at China Environment?” – Address the accounting and governance concerns in an SGX/MAS announcement: AsianExtractor
  • Startups in Myanmar: Land of temples and tech; The startup culture germinates in an unlikely place: Economist
  • Thais smile through gritted teeth for China’s tourists: Reuters
  • Can Jokowi Get Indonesia Moving?: JG
  • The Rise of Southeast Asia, Seen in a Bottle of Scottish Whisky: Bloomberg
  • WeChat Makes E-Commerce Push to Serve Growing Users in Indonesia: JG
  • BlackBerry Classic Hits Indonesia, a One-Time Stronghold: JG
  • Why Bloomberg Loves Indonesia, having seen its business grow by double digits with more banks, mutual funds and corporate treasuries signing up for its dealing platform. JG
  • 1MDB owes RM5bil to local financial institutions, says Government: TheStar
  • Singapore’s success puts global spotlight on its corporate leaders: BT

Macro

  • Pre-empting the next crisis: Regulators’ desire to make banks easy to kill is determining how they live: Economist
  • Firm beliefs: “Asian” corporate values seem to be making a comeback-but appearances are deceptive: Economist
  • These Are 2015’s “Black Swans” According To SocGen: ZH
  • “Profound Shift In Liquidity Risk” May Imperil Market Function, New Report Says: ZH
  •  What Would Happen If ETF Holders Sold All At Once? Howard Marks Explains: ZH
  • Are Index-Fund Investors Smarter?: WSJ
  • Hedge Funds: Don’t Call Us a Hedge Fund; Managers are distancing themselves from the moniker: WSJ
  • “Smart Beta” Could Come Under Regulatory Scrutiny: VW
  • These Are 2015’s “Black Swans” According To SocGen: ZH
  • “Profound Shift In Liquidity Risk” May Imperil Market Function, New Report Says: ZH
  • What Would Happen If ETF Holders Sold All At Once? Howard Marks Explains: ZH
  • As Dollar Heats Up Overseas, U.S. Manufacturers Feel a Chill: NYT
  • Asia’s Middle Class Growth Is a Mixed Blessing: JG
  • Asia’s Middle Class Growth Is a Mixed Blessing: JG

Energy & Commodities

  • Oil Companies Reap Large Gains After Cashing In Hedging Bets: WSJ
  • Fortescue Metals Group: worthless or worth holding on to?: TheAge

Healthcare

  • Contact Lens Makers and Discounters Tussle Over Price Setting: NYT

TMT

  • How Facebook Plans To Turn Shopping Into Texting: Fastco
  • Sam Altman: Why Hardware Could Yield the Next $10 Billion Startups: WSJ
  • Your phone on steroids: With 5G mobile, wireless will go even faster than fibre: Economist
  • Small drones need to fly free of human operators. Insects suggest to engineers how that might be done: Economist
  • Hacking the hackers: Automating the search for loopholes in software: Economist
  • Mobile services: The message is the medium; Messaging services are rapidly growing beyond online chat: Economist
  • Vice Media, the Web-video upstart whose edgy content has drawn investors and millennial viewers, took a major step toward its goal of becoming a mainstream television outlet, announcing a multiyear agreement with HBO. WSJ
  • Kickstarter Spotlight Gives Project Creators Better Post-Funding Storytelling Tools: Techcrunch
  • Steller Storytelling App Gets A Huge Makeover: Techcrunch
  •  Parrying the Latest Predictions of Facebook’s Demise: NYT
  • Vice Media, the Web-video upstart whose edgy content has drawn investors and millennial viewers, took a major step toward its goal of becoming a mainstream television outlet, announcing a multiyear agreement with HBO. WSJ

Consumer & Others

  • How Maine Bootmaker L.L. Bean Became Fashion’s Hottest Company: Forbes
  • Balance of Power Shifts in Groceries: Natural, organic foods from small producers muscle in on big names: WSJ
  • Diet Coke Loses Position as No. 2 Soda in U.S. to Pepsi-Cola: WSJ
  • Warren Buffett Has Stepped on Some Toes in His Long Dance With Kraft; “These are brands that I liked 30-plus years ago, and I like them today. And I think I’ll like them 30 years from now.”: WSJ
  • UK’s biggest plastic milk bottle recycler on brink of collapse; Chairman of Closed Loop Recycling admits company is nearing administration as it feels dual effects of oil price drop and supermarket price war: Guardian

Bamboo Innovator Daily Insight: 26 Mar (Thurs) – Lee Kuan Yew: Devoted husband and caring father

Notice: The website AsianExtractor: Unearthing Accounting Fraud in Asia (www.AsianExtractor.com) is back online after seven days of technical problems.

Remembering Lee Kuan Yew

  • Lee Kuan Yew: Devoted husband and caring father: AsiaOne
  • In Lee’s death, Singapore efficiency shines through: AsiaOne
  • Remembering Lee Kuan Yew, the candid leader: AsiaOne
  • Jon Huntsman: What I learnt from Lee Kuan Yew: BT
  • Former Senior Minister of State: ‘If you won his trust, he wouldn’t question you': AsiaOne
  • Journey with a master teacher: AsiaOne
  • What Comes After Lee Kuan Yew?: PS
  • Singapore, the Nation That Lee Kuan Yew Built, Questions Its Direction: NYT

Life

  • Mark Cuban shares the most important lesson he learned in his 20s; “Most people won’t put in the time to get a knowledge advantage”: BI
  • Sam Walton’s Rules For Building A Business: VW
  • Why Shake Shack founder Danny Meyer makes all of his new executives bus tables: BI
  • The amazing rags-to-riches story of Li Ka-Shing, Asia’s richest man: BI
  • Inside Google’s insanely popular emotional intelligence course: Fastco
  • 5 Lessons On Innovation From Modern-Day Explorers And Adventurers: Fastco
  • The higher people rise at work, the more they are flattered and the less they hear honest criticism: FT
  • Wanted: flexible corporate strategies for fast times; Frameworks used by managers are worn and compelling new theory is rare: FT
  • Delighting in the possible: In an unpredictable world, executives should stretch beyond managing the probable.: McKinsey

Books

  • A Curious Mind: The Secret to a Bigger Life: Amazon, FT

Investing Process

  • Open Letter to SGX/MAS: Reply to CFO of SGX-Listed China Environment (CENV SP) on report “Potential Accounting Tunneling Fraud at China Environment?” – Address the accounting and governance concerns in an SGX/MAS announcement: AsianExtractor
  • FASB and the International Accounting Standards Board (IASB) voted to propose additional changes to the converged revenue recognition standard to address implementation concerns of financial statement preparers: JoA
  • Investors Shouldn’t Ignore Other Comprehensive Income: AT
  • HOWARD MARKS: Liquidity is not how easily you can sell something, but what price you get when you’re forced to: BI

Greater China

  • Open Letter to SGX/MAS: Reply to CFO of SGX-Listed China Environment (CENV SP) on report “Potential Accounting Tunneling Fraud at China Environment?” – Address the accounting and governance concerns in an SGX/MAS announcement: AsianExtractor
  • Who is watching the Hong Kong’s Securities and Futures Commission and Asia’s Regulatory Authorities?: SCMP
  • Hanergy’s soaring share price raises questions; Hong Kong authorities need to satisfy themselves on the solar group: FT
  • China’s regulatory grip on IPOs leads to arbitrage and distortions: FT
  • China’s Xi says miscarriages of justice must be tackled properly: Reuters
  • China low on crude oil storage capacity: FT
  • Foxconn Leads Fight to Save Business Tax Breaks in China; Assembler of iPhones holds up proposed factory over curbs on promised subsidies: WSJ

India

  • What Can Modi Learn From Lee Kuan Yew?: bloomberg
  • India’s Illicit Moneylenders Aren’t Going Away; Greater access to banking system doesn’t resolve needs of India’s massive informal economy: WSJ

Japan & Korea

  • Investors seek piece of accounting scandal-hit Japanese start-up Eneres: Reuters
  • Modular mojo: Toyota re-engineers its appeal: Reuters

ASEAN

  • Open Letter to SGX/MAS: Reply to CFO of SGX-Listed China Environment (CENV SP) on report “Potential Accounting Tunneling Fraud at China Environment?” – Address the accounting and governance concerns in an SGX/MAS announcement: AsianExtractor

Macro

  • Chronic institutional weakness holds Brazil back: FT
  • Buyout Firms Feel Pinch From Lending Crackdown; Regulatory guidance that seeks to limit the use of borrowed money in takeovers has hampered the business of debt-laden acquisitions: WSJ

Energy & Commodities

  • Billionaire Fredriksen Sails Into Three-Year Rig Storm: bloomberg

TMT

  • One VC had the perfect response to another VC who says we’re not in a bubble: BI
  • Apple just invented an incredible technology that would help the iPhone further distance itself from every other smartphone: BI
  • Silicon Valley is seizing the customers; Instead of building for others, companies are doing more for themselves: FT
  • Force fields could be the next big battlefield innovation: WaPo
  • What Can Apple Watch Learn from Google Glass?: K@W

Healthcare

  • Drugs companies unite to mine genetic data: FT
  • The true value of a life is not about the pharmaceutical costs; Perhaps governments should finance the payment of a national licence fee for drugs: FT
  • Biotech Stocks Deliver a Dose of Pain; Nasdaq Composite posts its biggest one-day decline in nearly a year: WSJ

Consumer & Others

  • How the Heinz-Kraft merger is part of a consumer staples feeding frenzy: FP
  • Here’s what the new Kraft Heinz Company will look like: BI
  • Taco Bell compares McDonald’s to a communist dictatorship: BI
  • Here are the problems Warren Buffett just inherited from Kraft Foods: BI
  • Kraft, Heinz Brands Need Some Catching Up; Many of their products haven’t kept pace with changing American tastes: WSJ

Bamboo Innovator Daily Insight: 25 Mar (Wed) – Lee Kuan Yew’s Power of Forgiveness

Notice: The website AsianExtractor: Unearthing Accounting Fraud in Asia (www.AsianExtractor.com) is down on technical issues and we are trying to resolve the problem asap.

Remembering Lee Kuan Yew

  • Lee Kuan Yew’s Power of Forgiveness; When it came to the sins of the past, the prime minister put the future of Singapore first: WSJ
  • Mr Lee Kuan Yew and his red box: TODAY
  • LKY: A leader who’s ruthless in demanding honesty: AsiaOne
  • All roads lead to Singapore: Asians study Lee Kuan Yew’s mantra: Reuters

Life

  • Six Books Bill Gates Recommended For TED 2015: VW
  • A Conversation With the Authors of ‘Becoming Steve Jobs’: NYT
  • 6 Rules for Building and Scaling Company Culture: HBR
  • Why Family Firms in East Asia Struggle with Succession: HBR
  • Collaboration, from the Wright Brothers to Robots: HBR
  • 9 habits of exceptional leaders, according to the classic book ‘How to Win Friends and Influence People': BI
  • All dictators live ‘in fear,’ former Libyan PM says; “When you oppress people, when you do wrong to others, you cannot live happily”: JA

Investing Process

  • Open Letter to SGX/MAS: Reply to CFO of SGX-Listed China Environment (CENV SP) on report “Potential Accounting Tunneling Fraud at China Environment?” – Address the accounting and governance concerns in an SGX/MAS announcement: AsianExtractor
  • Hanergy: The 10-minute trade and unusual trading patterns over the past two years: FT

Greater China

  • Open Letter to SGX/MAS: Reply to CFO of SGX-Listed China Environment (CENV SP) on report “Potential Accounting Tunneling Fraud at China Environment?” – Address the accounting and governance concerns in an SGX/MAS announcement: AsianExtractor
  • Hanergy: The 10-minute trade and unusual trading patterns over the past two years: FT
  • Hong Kong has 56,000 people with liquid assets of more than HK$10 million – and most are worried about their children’s education, a survey has found.: Standard
  • Mobile financial transactions on the rise in China: WCT
  • The Unbearable Exuberance of China’s Markets: JG

ASEAN

  • Open Letter to SGX/MAS: Reply to CFO of SGX-Listed China Environment (CENV SP) on report “Potential Accounting Tunneling Fraud at China Environment?” – Address the accounting and governance concerns in an SGX/MAS announcement: AsianExtractor

Macro

  • Property Investors’ Latest Horror: Zombie REITs: WSJ
  • The-worlds-next-credit-crunch-could-make-2008-look-like-a-hiccup.html The world’s next credit crunch could make 2008 look like a hiccup: Telegraph

Energy & Commodities

  • Here’s How $20 Oil Could Become a Reality If Storage Runs Out; The looming storage crisis explained: bloomberg
  • ‘We are just good plumbers': The man who sold Beaumont Energy for half a billion despite oilpatch gloom: FP
  • Canada crude falls below US$30 for first time in six years as BMO warns oilsands must cut costs; ‘At $30 crude, something has to give': Why there’s a reality check coming for Canadian oil stocks: FP1, FP2

TMT

  • Netflix, Amazon and Hulu No Longer Find Themselves Upstarts in Online Streaming: NYT
  • Datto and the million-dollar data backup business; Austin McChord makes big money by selling peace of mind to small businesses hoping to avoid the catastrophe of data loss: Forbes
  • Connected cars will be huge in Asia:BI

Healthcare

  • Biotech’s Rally Fuels Bubble Fears; As Valuations Skyrocket and Nasdaq Nears Record, Anxiety Builds: WSJ
  • From Pills That Snitch to Xbox Sensors, Drugmaker Goes High Tech: Bloomberg
  • Biotech’s Rally Fuels Bubble Fears; As Valuations Skyrocket and Nasdaq Nears Record, Anxiety Builds: WSJ

Consumer & Others

  • How Burger King beat Wendy’s: BI

Bamboo Innovator Daily Insight: 24 Mar (Tues) – The World Loses A Wise Voice During Troubled Time; Lee Kuan Yew made Singapore an economic powerhouse, demonstrating that the key is creating an environment in which human ingenuity can thrive

Notice: The website AsianExtractor: Unearthing Accounting Fraud in Asia (www.AsianExtractor.com) is down on technical issues and we are trying to resolve the problem asap.

Remembering Lee Kuan Yew

  • The World Loses A Wise Voice During Troubled Time; Lee Kuan Yew made Singapore an economic powerhouse, demonstrating that the key is creating an environment in which human ingenuity can thrive: Forbes
  • Henry A. Kissinger: The world will miss Lee Kuan Yew: WaPo
  • Can-Do Lee Kuan Yew: NYT
  • What Would Lee Kuan Yew Do?: NYT
  • Singapore’s Evolution: Lee Kuan Yew astutely evaluated any political or economic dogma that ran counter to his goals. WSJ
  • Lee Kuan Yew and Tongil rice; ‘When the farmers are full, that’s the end of Communist revolution.’ – Lee Kuan Yew: JA
  • The city state of Singapore braces itself for challenges to come; Political rumblings in Singapore can be heard, writes Kishore Mahbubani: FT
  • In China and West, contrasting views on legacy of Singapore’s patriarch: WaPo
  • Lee Kuan Yew’s Mixed Legacy in Singapore: NYT
  • China’s Love of Lee’s ‘Singapore Model’ Ran Deep for Decades : Bloomberg

Life

  • 17 of our favorite Steve Jobs quotes from the new book about his life: BI
  • The CEO of Popeyes says becoming a ‘servant leader’ helped her turn around the struggling restaurant chain: BI
  • People are turning to education for entertainment, whether from online lectures, learning vacations or television, for the love of learning new things and to stay economically viable.: NYT
  • 6 Leadership Failures That Put Your Company at Competitive Risk: Forbes
  • How Atari’s Nolan Bushnell turned down Steve Jobs’ offer of a third of Apple at $50,000: TheAge
  • A Manifesto for Makers: The maker ethos is not unlike that of the athlete and can be found in faraway Russia or the local Maker Faire, says veteran engineer Lee Felsenstein.: EE
  • The top 10 words of TED2015: TED
  • University reforms will lead to new beatnik generation as students shun the hard degrees: Mark Carnegie: BRW
  • Warren Buffett: Berkshire’s success has almost everything to do with being based in the US: BI
  • The best lessons from ‘Art of War,’ a book Evan Spiegel bought Snapchat employees when he felt threatened by Facebook: BI
  • Billionaire designer Tory Burch shares the best advice she ever got: BI
  • 10 Principles of Organization Design: These fundamental guidelines, drawn from experience, can help you reshape your organization to fit your business strategy.: Strategy&

Books 

  • Do the KIND Thing: Think Boundlessly, Work Purposefully, Live Passionately: Amazon, FT
  • Reading List of Keith Rabois: Medium
  • Review: ‘The Second Curve’ by Charles Handy: FT

Investing Process

  • Open Letter to SGX/MAS: Reply to CFO of SGX-Listed China Environment (CENV SP) on report “Potential Accounting Tunneling Fraud at China Environment?” – Address the accounting and governance concerns in an SGX/MAS announcement: AsianExtractor
  • Iceberg: ‘Not the first time we acted as whistleblower against Noble'; “Had the MPA acted on the information sent to them, this high-profile bankruptcy OW Bunker… could certainly have been avoided.”; “Iceberg’s research is based on public information released by Noble themselves. We consulted our lawyer and we are extremely confident.”: BT

Greater China

  • Open Letter to SGX/MAS: Reply to CFO of SGX-Listed China Environment (CENV SP) on report “Potential Accounting Tunneling Fraud at China Environment?” – Address the accounting and governance concerns in an SGX/MAS announcement: AsianExtractor
  • China’s Kaisa will die soon if creditors “do not cooperate,” Sunac warns: SCMP
  • Offshore yuan bond yields hit record high as China default risk weighs: SCMP
  • Citic’s Trapped Value Proves Hard to Unleash; Citic might seem like a bargain. But the value in China’s largest conglomerate is trapped in a complex web. WSJ
  • Citic Ltd confirms $2.5bn hit from Australian iron ore venture: FT
  • China’s Internet Boom Starts to Fade; Half of the 14 Chinese dot-coms that debuted in the U.S. last year are now trading below their initial sale prices. : Bloomberg
  • China University Deal Spree Exposes Zhao as Chip Billionaire: Bloomberg
  • Hong Kong regulator feels heat over decision on dual-class shares: FT
  • Lessons from the crisis: Will China open the broking floodgates to banks?: SCMP
  • China’s Amazon? Tencent and Shanda to merge online publishing and eBook services: SCMP
  • Video site Le Shi to grab in-car screens in partnership with Chinese carmarker: SCMP

India

  • Pride, patriotism and the baffling politics of Indian place names; It is surely a sign of insecurity to dictate how a word is spoken by people in their own language: FT

Japan & Korea

  • Heads of big Korean companies continue stepping down: Maeil
  • AmorePacific chief dreams big for beauty empire: KH
  • Who are the oldest superrich in Korea?: KH
  • Yamaha’s third attempt at cars will be worth the detour: FT

ASEAN

  • Open Letter to SGX/MAS: Reply to CFO of SGX-Listed China Environment (CENV SP) on report “Potential Accounting Tunneling Fraud at China Environment?” – Address the accounting and governance concerns in an SGX/MAS announcement: AsianExtractor
  • Singapore is stepping in to help in the widening controversy over 1MDB, Malaysia’s heavily indebted development fund, as the city-state’s regulator adds its muscle to the high-profile probe into the entity: FT
  • Indonesia to withdraw local language plan for foreign workers: Reuters

Macro

  • For Money Managers, a Daily Search for Trouble; With the collapses of 2000 and 2008 fresh in their minds, stock pickers scour markets for signs of problems: WSJ
  • Moody’s warns on EM dollar finance costs; Emerging markets countries that took advantage of low cost dollar finance to expand their pools of external debt are facing intense pressure, according to Moody’s.: FT
  • Six Degrees of Separation Explain the Global Trade Pain to HSBC: Bloomberg
  • Pension Funds Seek Shelter From Dollar’s Rise; Overseas Investments Lead Funds to Get Protection: WSJ
  • “Record Corporate Cash And Profitability” Are Lies: Here Is The Truth: Zerohedge
  • Illiquid Corporate Bond Market Will End In “Very Unpleasant Fashion”: Zerohedge
  • 7 Ways Private Equity Is Gaming Your Pension: Bloomberg
  • European Banks Seen Offloading $109 Billion of Bad Debt in 2015: Bloomberg

Energy & Commodities

  • Shipowners must consolidate to survive downturn, says Wilbur Ross: FT

TMT

  • How ‘Unicorns’ Became Silicon Valley Companies: WSJ
  • Clash of Clans maker Supercell triples sales: FT
  • Silicon Valley’s bubble is about to burst, says Sequoia’s Moritz: Fortune
  • Scientists have learned how to construct materials that bend waves of light, sound and seismic energy, and are working on applications that may transform industries.: NYT
  • Online ad revenue at risk in war on ‘click fraud': Reuters
  • Zulily Nips Business Model in the Bud; ‘Flash sale’ retailer concedes need to keep inventory on hand to speed up shipment: WSJ
  • Tech Startup Bubble Has America’s Retirement Funds Chasing Unicorns: Zerohedge
  • IBM to share technology with China in strategy shift: CEO: Reuters
  • Analyst Predicts Apple Will Hit a $1 Trillion Market Cap: Bloomberg

Healthcare

  • Faster FDA Spurs Cancer Breakthroughs: Bloomberg
  • Health Care Systems Try to Cut Costs by Aiding the Poor and Troubled: NYT
  • Nearly 75% Of Biotechs Have No Earnings: Zerohedge
  • Biotech Behemoth Gilead In Trouble After Flagship Drug Related Death; Gilead Warns After Hepatitis Patient on Heart Drug Dies: Zerohedge, Bloomberg
  • Drug-resistant TB threatens to kill 75 million people by 2050, cost $16.7 trillion: Reuters

Consumer & Others

  • Tesco potentially faces a huge lawsuit over ‘permanent destruction of value to shareholders’: BI
  • Propercorn: founders’ hunch about a healthy munch: FT
  • With New Nonstick Coating, the Wait, and Waste, Is Over: NYT
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